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Guotai Junan Securities: The decline in Cement demand has slowed in March, and Industry profitability is expected to improve.
Guotai Junan recommends leading companies in the Cement Industry.
Hong Kong stocks are experiencing fluctuations | Cement stocks continue to rise, and the Industry is expected to benefit from domestic demand expansion policies. Institutions indicate that improvements in profitability in the first quarter are worth looki
Cement stocks continue to rise. As of the time of writing, Huaxin Cement (06655) increased by 8.52%, priced at HKD 9.55; CONCH CEMENT (00914) rose by 7.67%, priced at HKD 21.75; CR BLDG MAT TEC (01313) increased by 6.17%, priced at HKD 1.72; WESTCHINACEMENT (02233) rose by 5.6%, priced at HKD 1.32; CNBM (03323) increased by 4.32%, priced at HKD 3.86.
West China Cement Insider Stock Sales Prove Timely As Market Valuation Descends To HK$6.8b
CITIC SEC: The building materials Industry may welcome trend-based investment opportunities in the second half of this year.
CITIC SEC released a Research Report stating that the building materials Industry, being highly related to Real Estate, has faced downward pressure on revenue and profits since 2021, and the industry has also seen a clearing and optimization of the competitive landscape.
Jefferies Adjusts West China Cement's Price Target to HK$2 From HK$2.41, Keeps at Buy
Hong Kong stock movement | WESTCHINACEMENT (02233) rose over 3% with annual attributable profit to owners increasing by 48.6% year-on-year. The Ethiopian Business was below expectations.
WESTCHINACEMENT (02233) rose over 3%, as of the time of writing, it increased by 2.68%, reported at 1.53 Hong Kong dollars, with a trading volume of 27.0228 million Hong Kong dollars.
