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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.
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.
HK stocks soar: westchinacement (02233) surges over 4% with increasing revenue from overseas business, expected to gain a larger market share in Africa.
Westchinacement (02233) is up more than 4%, as of press time, up 3.67%, at HKD 1.13, with a turnover of HKD 19.4558 million.
Building materials and cement stocks collectively rose, CR Building Materials Technology (01313) rose 6.63%, institutions pointed out that cement synergy this year is better than in previous years.
Building materials and cement stocks are moving up collectively. As of the time of publication, CR Building Materials Technology (01313) has risen by 6.63%, BBMG Corporation (02009) has risen by 3.64%, CNBM (03323) has risen by 2.72%, and Westchinacement (02233) has risen by 1.89%. Changjiang Securities released a research report stating that since May, due to changes in the strategy of leading cement enterprises and the continuous losses of small enterprises in the first half of the year, the self-help mentality of these companies has been strengthened and the willingness to cooperate has significantly increased. In addition, looking at the price performance over the past two months, staggered price increases are still effective, and bottom signals are becoming clearer. Currently, the overall cash flow of cement companies is relatively sufficient.
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.
Hong Kong stock market fluctuation: Cement stocks fell the most. From January to May, more than 55% of cement industry enterprises faced losses. The willingness to raise prices in the off-season has increased.
Cement stocks have the largest decline. As of press time, CNBM (03323) fell 13.11% to HKD 2.65; CR Building Materials Technology (01313) fell 7.74% to HKD 1.55; West China Cement (02233) fell 2.7% to HKD 1.08.
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