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CNT GROUP (00701): Zhang Xiaojing resigned as an independent non-executive director.
CNT GROUP (00701) announced that Mr. Zhang Xiaojing has resigned as the company's independent non-executive director, effective immediately...
CNT Group (00701.HK): Lin Yingru was appointed as a member of the nomination committee.
On June 4th, Gelonghui (CNT GROUP) announced that Zhang Xiaojing has resigned as the company's independent non-executive director and will take effect from the end of the 2024 shareholder annual meeting. Following his resignation, Zhang Xiaojing will no longer serve as a member of the nomination committee; Zhang Yulin will resign as a non-executive director, effective from June 5, 2024; Zheng Weibo will resign as an independent non-executive director, effective from June 5, 2024; and Lin Yingru, the independent non-executive director, was appointed as a member of the nomination committee, effective from the end of the 2024 shareholder annual meeting held on June 4th.
We Think CNT Group Limited's (HKG:701) CEO Compensation Package Needs To Be Put Under A Microscope
Key Insights CNT Group will host its Annual General Meeting on 4th of June CEO Chi Kwan Chong's total compensation includes salary of HK$1.39m The overall pay is 69% above the industry average
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.
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.
Guoxin Securities: Building materials valuations and holdings are all in a position to focus on expected sectors and individual stock recovery opportunities
Guoxin Securities released a research report saying that the Politburo meeting set the policy direction of “resolving stocks and optimizing incremental growth”. Mainstream cities have successively optimized purchase restriction policies, which are expected to reverse pessimistic real estate expectations to a certain extent. Currently, fundamentals have not improved significantly, and market confidence will take time to recover. Subsequent support policies are still expected to be further strengthened. The valuations and positions of the building materials sector are at a low level. Concerned about the valuation repair opportunities of leading consumer building materials and some individual stocks that have surpassed the decline.
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