Anhui Conch Cement Company Limited's (HKG:914) Price Is Out Of Tune With Earnings

It's not a stretch to say that Anhui Conch Cement Company Limited's (HKG:914) price-to-earnings (or "P/E") ratio of 10.7x right now seems quite "middle-of-the-road" compared to the market in Hong Kon

Simply Wall StMay 21 01:56 ET

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.

Zhitong FinanceMay 20 03:14 ET

Hong Kong Stock Concept Tracking | Real estate policy support continues to strengthen the bottom of the cement and building materials sector (with concept stocks)

Mergers and acquisitions of large cement companies have formed an oligopoly pattern to achieve active removal of production capacity.

Zhitong FinanceMay 16 22:08 ET

Conch Cement: Cancelling the proposed guarantee scheme for subsidiary companies to register and issue medium-term notes

Hailuo Cement (00914) issued an announcement. On April 9, 2024, after review and approval by the board of directors of Anhui Hailuo Cement Co., Ltd., Anhui Hailuo Environmental Protection Group Co., Ltd., a non-wholly-owned subsidiary of the company, plans to register and issue medium-term notes of no more than RMB 3 billion (including 3 billion yuan), and the company will provide guarantees for them. Up to now, the above matters have not been reviewed and approved by the company's shareholders' meeting, and the company has not signed any guarantee agreement on the above matters. Since other shareholders of Hailuo Environmental Protection Group are unable to provide counterguarantees to the company's guarantees, according to the “Notice of the Provincial State-owned Assets Administration Commission on Strengthening the Management of Financing Guarantees for Provincial Enterprises”

新浪港股May 16 20:18 ET

Conch Cement (00914): Cancellation of the proposed guarantee scheme for subsidiary companies to register and issue medium-term notes

Hailuo Cement (00914) issued an announcement. On April 9, 2024, the director of Anhui Hailuo Cement Co., Ltd...

Zhitong FinanceMay 16 10:37 ET

Building materials cement stocks are strong, China Building Materials (03323) rose 11.15%, and the institutional cement industry may welcome consolidation to improve the supply and demand pattern to release flexibility

Jinwu Financial News | Building materials cement stocks were strong. China Building Materials (03323) rose 11.15%, Conch Cement (00914) rose 10.26%, Jinyu Group (02009) rose 7.69%, China Resources Building Materials Technology (01313) rose 7.64%, Huaxin Cement (06655) rose 7.48%, and Shanshui Cement (00691) rose 4.84%. Guotai Junan pointed out that the volume and price of cement are rapidly bottoming out, and positive supply-side factors are beginning to emerge. Observe that the profits of most leading listed companies in 23Q3-24Q1 have been further compressed. Some have already gone into marginal profit or loss, which indicates that the industry as a whole is already heavy

金吾財訊May 16 02:32 ET