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Hong Kong stocks fluctuate | Cement stocks collectively decline, multiple cement enterprises continue to shut down in June, and cement shipments continue to operate weakly.
Cement stocks collectively fell, as of press time, Dongwu Cement (00695) fell 4.66%, to HKD 1.84; CR Building Materials Technology (01313) fell 3.55%, to HKD 1.36; China National Building Materials (03323) fell 2.82%, to HKD 3.1.
Building materials and cement stocks are weak. Shanshui Cement (00691) fell by 12.16%, restricted by rainy weather and tight funds. Cement demand remains low.
Jingu finance news | Building materials and cement stocks are weak, with Shanshui Cement (00691) falling by 12.16%, Dongwu Cement (00695) falling by 5.7%, CR Building Materials Technology (01313) falling by 3.55%, China National Building Material (03323) falling by 2.51%, and BBMG Corporation (02009) falling by 1.52%. According to data cited by Minsheng Securities, demand remained low due to rainy weather and tight funding. As for prices, as of May 31, the cement price index was 113.82, up 2.5% from the previous week but down 10.1% year-on-year. As for shipments, heavy rain in South China and its surrounding areas continued to affect major engineering projects.
Dongwu Cement (00695.HK): Lu Rulan was appointed as secretary and chief financial officer
Gelonghui, May 31 | Dongwu Cement (00695.HK) announced that Sun Xin has resigned as the company's (i) company secretary and (ii) chief financial officer in seeking other career opportunities and (iii) will no longer act as an authorized representative of the company under section 3.05 of the Hong Kong Stock Exchange Limited Securities Listing Rules and an authorized representative of the company to receive legal process documents and notices on behalf of a company in Hong Kong as required by Part 16 of the Companies Ordinance (Chapter 622 of the Hong Kong Laws), effective from June 1, 2024. Lu Rulan has been appointed as the Company's (i) Company Secretary, (ii) Chief Financial Officer and (i)
Hong Kong Stock Concept Tracking | Cement Prices Rise, Building Materials Industry Value Revaluation (with concept stocks)
Since May, cement prices have risen in Northeast China, Central China, South China, and Southwest China. As of last Friday, the average price of cement nationwide reached 372 yuan/ton, up about 12 yuan from the beginning of the month, a record high since the second quarter.
Changes in Hong Kong stocks | Cement stocks continue to decline, cement demand is relatively weak, and the industry may still be oversupplied this year
Cement stocks continued to decline. As of press release, Dongwu Cement (00695) fell 3.83% to HK$1.76; China Resources Building Materials Technology (01313) fell 3.27% to HK$1.48.
SDIC Securities: The new real estate policy goes hand in hand, and the collection and storage of state-owned assets is expected to accelerate and continue to be optimistic about the performance of building materials in the good production chain
The real estate industry has ushered in major favorable policies. Purchase restrictions have been relaxed in many places, and mortgage relaxation policies have exceeded expectations. Trade-in and state-owned assets collection and storage are expected to accelerate. The sales side and financing side are taking multiple measures together to help the building materials industry recover demand and improve repayments, and priority benefits for consumer building materials in the real estate chain.
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