Western Cement (02233) rose more than 4%. As of press release, it rose 3.6% to HK$1.15, with a turnover of HK$206.618 million.
The Zhitong Finance App learned that Western Cement (02233) rose by more than 4%. As of press release, it had risen 3.6% to HK$1.15, with a turnover of HK$206.618 million.
Tianfeng Securities said that in the short term, the building materials sector may catalyze and still need to observe the resumption of work and physical volume progress during the peak season. On the cement side, cement prices declined year-on-year after the 24-year holiday season. The recovery in March is expected to drive up prices across the board. Short-term focus is on price increases and the bottom is also expected to form in the first quarter. Last year, the cement industry profit fell to a new low in the past ten years. The bank expects that there is little room for further decline in 24 years, and if demand recovery during the peak season accelerates, the flexibility of cement price increases is still worth looking forward to.
It is worth noting that Tianfeng Securities once published a research report saying that in '23, the rate of cement going out to sea in China accelerated markedly. The bank pointed out that judging from the revenue situation and share of listed companies, western cement grew the most, and Western cement currently has the most projects under construction, with a total production capacity of 10.54 million tons, and overseas growth is probably the most flexible.