Cemex Will Continue To Outperform Its Peers
BMI View: Cemex will remain an outperformer amongst major cement producers as is reflected by its relative market performance. Further opportunities are becoming available, both from consolidation in the global cement sector and a revival in construction activity in its core markets in Europe and Mexico.
Cemex's share price has undergone an impressive recovery very much in line with our expectations, reflecting improved market conditions. However, we believe that there is further upside ahead for the company's market performance, taking into account our forecasts for current and future trends in its main areas of operation, which we believe have not been priced in yet.
Key strengths include:
Adhering To A Technical Pattern Cemex Share Price, MXN