00914 CONCH CEMENT
- 18.820
- +0.180+0.97%
CONCH CEMENT News
CITIC Securities: The cement industry has already reached the cyclical bottom of profitability. The supply side of the glass industry is expected to improve.
The cement industry has reached the bottom of its cyclical profitability. With the clearance of small and medium-sized production capacity, the improvement of supply pattern is expected to drive the recovery of profitability.
Anhui Conch Cement Schedules Key 2024 EGM
Ping An Securities: Cement prices actively increased during the off-season, paying attention to changes in the supply side.
Top enterprises have shown a positive attitude towards actively implementing kiln shutdowns and raising cement prices during the industry's off-season. Currently, the implementation situation is relatively good, while also considering the expected demand to recover in the second half of the year.
Preview of the mid-year report of the building materials industry by swhy in 24 years: demand is relatively sluggish, but there are still bright spots.
Major construction materials companies in the industry are expected to continue to be under pressure in the first half of 2024.
GTJA: Shifting the pricing policy improves the bottom price expectations for cement
Since mid-to-late May, multiple regions across the country have successively introduced staggered peak plans and promoted regional price recovery. Looking ahead, with the increase in coordination among enterprises within the regions, the execution intensity of staggered peaks is expected to increase and the market is expected to recover.
Guosen Securities: Macro data slightly rebounded in June, and the off-season cement prices continue to rise.
In June, cement production was 163.97 million tons, a decrease of 10.7% year-on-year. From January to June, the cumulative cement production was 850.47 million tons, a decrease of 10% year-on-year.
Returns On Capital Signal Tricky Times Ahead For Anhui Conch Cement (HKG:914)
Anhui Conch Cement Unveils Leadership Structure
Anhui Conch Cement Announces Executive Reshuffle
Conch Cement (00914.HK): Nominates Zhu Shengli as a candidate for executive director
On July 12, Gelunhui reported that as of July 12, 2024, Wang Jianchao resigned as vice chairman and executive director of Conch Cement (00914.HK). According to the recommendation of the Remuneration and Nomination Committee, the Board of Directors nominated Zhu Shengli as a candidate for executive director and will submit it to shareholders for review and approval at the upcoming extraordinary general meeting.
Express News | Anhui Conch Cement - Nominated Zhu Shengli as Candidate for Executive Director
Express News | Anhui Conch Cement - Wang Jianchao Resigned as Deputy Chairman Cum an Executive Director
GTJA: Financial and tax reforms may boost the profitability and valuation of the construction sector's one-for-five rate.
The financial and tax system reform may increase local revenue and enhance the investment and payment capacity of local governments. On the one hand, new contracts are expected to be signed by construction companies, while on the other hand, existing orders may accelerate the progress of more physical workload and performance, enhancing total profit, net asset return rate, and PEG valuation.
Everbright Securities: despite weak demand, staggered price increases are bullish for the cement sector's relative yield.
According to a research report released by Everbright Securities, under the background of the overall demand decline in infrastructure and real estate, cement may have a relatively advantageous position. The new construction area of real estate in 2023 is expected to decrease by 58% compared to the highest point in 2019, while infrastructure investment remains at a historical high. The cement production in 2023 is expected to decline by 12% from the peak in 2020. The overall demand decline in infrastructure and real estate is a common problem faced by various sectors in the real estate chain. In comparison, the cement industry is attempting to improve supply and demand relationship and support prices by reducing production. If price increases can be realized, it is expected to offset the demand decline by improving per-ton profitability. Leading cement companies have the potential to become
Changjiang Securities: Cement continues to push up synergistically, bottom dividend value is showing.
According to a research report by Changjiang Securities, since May, with the continuous losses of small cement companies in the first half of the year, the leading cement companies have changed their strategies, strengthened their self-rescue mentality, and significantly enhanced their willingness to cooperate. From the price performance of the past two months, staggered price increases are still effective, and bottom signals are gradually becoming clear.
HK stocks rise | Conch Cement (00914) increased by more than 4%, announcing the "Improving Quality, Increasing Efficiency, Returning Value" plan, and maintaining the company's high dividend level.
Conch Cement (00914) rose more than 4%, as of publication, up 4.02%, at HKD 20.45, with a turnover of HKD 0.134 billion.
Citibank: Maintains a "buy" rating on Conch Cement (00914) with a target price of HK$27.
Citigroup expects that the prices of cement in the East China market will continue to rise in the coming months.
Bullish Turn For Anhui Conch Cement, Price Increases Expected -- Market Talk
Cement and building materials sectors generally rose, with CR Building Materials Technology (01313) rising 8.23%. The price of raw materials, coupled with high dividends, is a catalyst for the industry.
Jingu Finance | Building materials and cement sectors rose across the board. As of press time, CR Building Materials Technology (01313) rose 8.23%, Conch Cement (00914) rose 3.03%, China National Building Material (03323) rose 1.32%, and West China Cement (02233) and Huaxin Cement (06655) followed suit. On the news front, according to Century Architecture Research, some cement companies in Tangshan, Qinhuangdao, Chengde, Zhangjiakou, Baoding and other markets in Hebei began to shut down for 10 days since July 1, with about 50% of the leading enterprises' clinker inventories in Tangshan. Cement prices in Beijing, Tianjin and some parts of Hebei have been raised by 50-80 yuan.
Hong Kong stocks unusual | Cement stocks rose in midday trading, cr bldg mat tec (01313) rose more than 5% again, cement welcomed the first upward adjustment in the second half of the year.
Cement stocks rose in early trading. As of the time of writing, CR Building Materials Technology (01313) rose 5.56%, to HKD 1.52; Conch Cement (00914) rose 3.37%, to HKD 19.62; China National Building Material (03323) rose 2.78%, to HKD 2.97; and West China Cement (02233) rose 1.89%, to HKD 1.08.
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