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Is West China Cement (HKG:2233) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
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.
Tianfeng Securities: First deposit for Western Cement (02233) “buy” rating target price of HK$1.55
Tianfeng Securities expects the net profit of Western Cement (02233) to return to mother for 24-26 to be RMB 12.07/19.60/2.795 billion, respectively.
Guoxin Securities: Building materials valuations and holdings are all in a position to focus on expected sectors and individual stock recovery opportunities
Guoxin Securities released a research report saying that the Politburo meeting set the policy direction of “resolving stocks and optimizing incremental growth”. Mainstream cities have successively optimized purchase restriction policies, which are expected to reverse pessimistic real estate expectations to a certain extent. Currently, fundamentals have not improved significantly, and market confidence will take time to recover. Subsequent support policies are still expected to be further strengthened. The valuations and positions of the building materials sector are at a low level. Concerned about the valuation repair opportunities of leading consumer building materials and some individual stocks that have surpassed the decline.
Changes in Hong Kong stocks | Cement stocks generally rose today in April, cement prices rose in many provinces and cities, and favorable real estate policies continued to be introduced
Cement stocks generally rose today. As of press release, China Resources Building Materials Technology (01313) rose 5.34% to HK$1.38; China Building Materials (03323) rose 4.81% to HK$3.05; and Asia Cement (00743) rose 3.48% to HK$2.08.
Some May Be Optimistic About West China Cement's (HKG:2233) Earnings
Shareholders appeared unconcerned with West China Cement Limited's (HKG:2233) lackluster earnings report last week. We think that the softer headline numbers might be getting counterbalanced by some
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