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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.
Changes in Hong Kong stocks | Cement stocks generally rose today in April, cement prices rose in many provinces and cities, and favorable real estate policies continued to be introduced
Cement stocks generally rose today. As of press release, China Resources Building Materials Technology (01313) rose 5.34% to HK$1.38; China Building Materials (03323) rose 4.81% to HK$3.05; and Asia Cement (00743) rose 3.48% to HK$2.08.
Asia Cement's Profit Slumps in 2023
Asia Cement (China) Holdings (HKG:0743) recorded a sharp decline in its attributable profit for 2023 to 106.1 million yuan from 420.1 million yuan in 2022, according to the company's annual report pos
Asia Cement (China) (00743) re-appointed Chen Ruilong as a non-executive director
According to Zhitong Finance App, Asia Cement (China) (00743) announced that Chen Ruilong, Li Kunyan, and Wu Lingling were reassigned from their current positions as executive directors to non-executive directors with effect from April 29, 2024.
Loss attributable to owners of Asia Cement (China) (00743.HK) in the first quarter was about 130 million yuan
Gelonghui, April 29 | Asia Cement (China) (00743.HK) announced that for the three months ended March 31, 2024, the unaudited comprehensive loss attributable to owners was approximately RMB 130 million.
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