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CR Building Materials Technology: Unified Credit Rating maintains the AAA credit rating for the first phase of medium-term notes in 2024.
CR Building Materials Technology (01313) issued an announcement regarding the issuance of RMB 1 billion of Mid-Term Notes in China on April 22, 2024. According to the relevant regulations of the interbank association, the company must entrust a credit rating agency recognized by the Chinese government to conduct regular tracking credit ratings of the company and the Mid-Term Notes in 2024, and publish relevant announcements on the designated platform. Therefore, the company has commissioned United Credit Rating Co., Ltd. ("United Credit") for the above purposes. The company announced that United Credit has maintained the credit rating of the company and its related bonds.
CR Building Materials Technology (01313.HK): United Credit Rating maintains the company's long-term credit rating for the main body as AAA.
On July 25th, Geelong announced that CR Building Material Technology (01313.HK) happily announced that United Credit Rating Co., Ltd. has maintained the company's long-term credit rating of AAA after tracking analysis and evaluation of the credit status of the company's main body and its related bonds. It also maintained the credit rating of AAA for the first phase of medium-term notes in 2024, with a stable outlook.
HK stocks abnormal | CR Building Materials Technology (01313) fell nearly 6%, leading the decline in cement stocks. Institutions said that there is limited room for further rise in cement prices.
Cement stocks collectively fell. As of press time, CR Building Material Tech (01313) was down 4.84%, at HKD 1.77; West China Cement (02233) was down 2.78%, at HKD 1.05; Huaxin Cement (06655) was down 1.65%, at HKD 7.76; CNBM (03323) was down 1.18%, at HKD 2.52.
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.
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.
Stock Market News: CR Building Materials Technology (01313) increased by nearly 4%. The gross profit of cement in Southern China in the first half of the year may have bottomed out, as the industry increases staggered efforts.
CR Building Materials Technology (01313) rose by nearly 4%, as of press time, up 3.72%, to HKD 1.95, with a turnover of 26.1877 million HKD.
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