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港股异动 | 中国建材(03323)涨近5%领涨水泥股 报道称“三大工程”具体实施计划最快于本月推出

Changes in Hong Kong stocks | China Building Materials (03323) rose nearly 5%, leading cement stocks reported that the specific implementation plans for the “three major projects” will be launched as soon as this month

Zhitong Finance ·  11/15/2023 10:20

Cement stocks generally rose in early trading. As of press release, China Building Materials (03323) rose 4.72% to HK$3.77; Conch Cement (00914) rose 3.66% to HK$19.28; China Resources Cement (01313) rose 1.52% to HK$2; and Asia Cement (00743) rose 1.28% to HK$2.37.

The Zhitong Finance app learned that cement stocks generally rose in early trading. As of press release, China Building Materials (03323) rose 4.72% to HK$3.77; Conch Cement (00914) rose 3.66% to HK$19.28; China Resources Cement (01313) rose 1.52% to HK$2; and Asia Cement (00743) rose 1.28% to HK$2.37.

According to the news, some reports quoted people familiar with the matter as saying that the specific implementation plans for the “three major projects” (affordable housing, urban village renovation, and “dual-use” public infrastructure construction) will be launched as soon as this month, and the total amount of financial support provided for this will reach at least 1 trillion yuan, hoping to help stabilize the sluggish real estate market.

Tianfeng Securities believes that the current valuation and fundamentals of cement are in the relative bottom zone, and there is limited downward space. It is optimistic that urban village renovation will accelerate, which is expected to drive new real estate construction next year and boost cement demand. The elasticity of cement prices is expected to exceed expectations. Currently, the dividend rates of some A-share cement companies and Hong Kong cement companies remain at a high level, and the cement sector has the advantage of being aggressive and retreating.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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