Sustainability Column: How is the Chinese market for geothermal power generation, which Buffett is interested in?

The electric energy hidden underground is becoming a clean resource mine in the eyes of technology giants and conglomerates.

wallstreetcnJun 19 07:52 ET

CR Building Materials Technology (01313) rose more than 9% in the afternoon market. The Ministry of Industry and Information Technology prohibits the filing and expansion of production capacity for cement clinker projects.

According to the Zhitong Financial App, CR Building Materials Technology (01313) rose more than 9% in the afternoon, and as of the time of publication, it had risen by 8.87% to HKD 1.35, with a turnover of HKD 23.0737 million. On the news front, on June 18, the Ministry of Industry and Information Technology publicly solicited opinions on the "Implementation Measures for Capacity Replacement in the Cement and Glass Industries (2024) (Draft for Solicitation of Comments)." The registration and expansion of cement clinker and flat glass projects is strictly prohibited. If necessary to build or rebuild, a capacity replacement plan must be developed and implemented. GF Securities pointed out that cement demand continues to be weak, supply and demand contradictions are intensifying, and it is expected to continue in 2024.

Zhitong FinanceJun 19 02:39 ET

Hong Kong stock market fluctuation | Cement stocks continue recent decline, cement sales difficult to improve, it is expected that cement sales will still show a downward trend year-on-year for the whole year.

According to the Zhītōng Cáijīng APP, cement stocks have continued to decline recently. As of this writing, CR Building Materials Technology (01313) has fallen 3.76%, to HKD 1.28; Dongwu Cement (00695) has fallen 4.29%, to HKD 1.56; Asia Cement (00743) has fallen 2.43%, to HKD 2.81; and China National Building Material (CNBM, 03323) has fallen 1.39%, to HKD 2.84. On the news front, according to Digital Cement Network, from mid-to-late May, the country's cement industry ushered in the second large-scale price hike of the year. At present, the landing execution of most regions in this round of price hikes is good, and sales have remained stable. However,

Zhitong FinanceJun 17 03:30 ET

Hong Kong stocks fluctuate | Cement stocks collectively decline, multiple cement enterprises continue to shut down in June, and cement shipments continue to operate weakly.

Cement stocks collectively fell, as of press time, Dongwu Cement (00695) fell 4.66%, to HKD 1.84; CR Building Materials Technology (01313) fell 3.55%, to HKD 1.36; China National Building Materials (03323) fell 2.82%, to HKD 3.1.

Zhitong FinanceJun 5 02:13 ET

Building materials and cement stocks are weak. Shanshui Cement (00691) fell by 12.16%, restricted by rainy weather and tight funds. Cement demand remains low.

Jingu finance news | Building materials and cement stocks are weak, with Shanshui Cement (00691) falling by 12.16%, Dongwu Cement (00695) falling by 5.7%, CR Building Materials Technology (01313) falling by 3.55%, China National Building Material (03323) falling by 2.51%, and BBMG Corporation (02009) falling by 1.52%. According to data cited by Minsheng Securities, demand remained low due to rainy weather and tight funding. As for prices, as of May 31, the cement price index was 113.82, up 2.5% from the previous week but down 10.1% year-on-year. As for shipments, heavy rain in South China and its surrounding areas continued to affect major engineering projects.

金吾財訊Jun 5 01:41 ET

Is Now An Opportune Moment To Examine China Resources Building Materials Technology Holdings Limited (HKG:1313)?

China Resources Building Materials Technology Holdings Limited (HKG:1313), is not the largest company out there, but it led the SEHK gainers with a relatively large price hike in the past couple o

Simply Wall StMay 31 18:30 ET