【出版时间及名称】：2009年11月欧洲建材行业研究报告
        【作者】：汇丰银行
        【文件格式】：PDF
        【页数】：107
        【目录或简介】：
Cement stocks’ emerging
market foundations for equity
performance 1
Cement stocks offering
compelling value 7
Currency projected to enhance
returns 15
Cement companies’sales growth
projected at 5% pa to 2050 19
CRH and Saint-Gobain exposed
to weak end markets in weak
regions 37
Defensive cement returns versus
cyclical susceptibility of finished
goods and distribution 45
CRH 54
Holcim 65
Lafarge 74
Saint-Gobain 84
APPENDIX 92
HSBC global cement model
methodology 94
Disclosure appendix 101
Disclaimer 104