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CNBM (03323) plans to acquire a comprehensive cement enterprise in Tunisia for $130 million.
CNBM (03323) announced that on July 26, 2024, China National Building Materials Cement (its subsidiary company) and V...
Express News | China National Building Material - Unit to Acquire All Shares of Société Les Ciments De Jbel Oust for USD130 Mln
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.
Hong Kong stock market anomaly: CNBM (03323) has fallen by nearly 4% again, with second-quarter losses of RMB 650 million, which is worse than expected. UBS Group predicts negative investor reaction.
Shares of cnbm (03323) have fallen nearly 4%, and as of press time, have fallen 2.97% to HKD 2.61, with a turnover of HKD 25.8772 million.
GTJA: Financial and tax reforms may boost the profitability and valuation of the construction sector's one-for-five rate.
The financial and tax system reform may increase local revenue and enhance the investment and payment capacity of local governments. On the one hand, new contracts are expected to be signed by construction companies, while on the other hand, existing orders may accelerate the progress of more physical workload and performance, enhancing total profit, net asset return rate, and PEG valuation.
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