No Data
No Data
[Hong Kong Stock Connect] China Building Materials (03323) fell 4.5%, HSBC research indicates that this year's profit will be pressured by weak cement business
Jinwu Financial News | The stock price of China Building Materials (03323) was weak. As of press release, it was HK$3.36, down 4.55%, with a turnover of HK$65.2066 million. According to the news, HSBC Global Research and Development reports that due to the weakness of the cement business, China Building Materials's profit is expected to bottom out after falling by about 25% year-on-year, and profits are expected to recover starting next year. The reason is that cement profit margins are stabilizing; the overseas cement business is expanding; and the new materials business is growing moderately. According to the bank, the company's profit this year will be pressured by weak cement business. It is expected that cement profit margins will stabilize next year, and its diversified business portfolio will drive future growth. This line
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.
Changes in Hong Kong stocks | Cement stocks have collectively declined, and many provinces have extended peak periods, and the industry's oversupply situation may continue
Cement stocks fell collectively. As of press release, Dongwu Cement (00695) fell 4.3% to HK$1.78; China Building Materials (03323) fell 3.66% to HK$3.42; and China Resources Building Materials Technology (01313) fell 1.3% to HK$1.52.
Hong Kong Stock Concept Tracking | Real estate policy support continues to strengthen the bottom of the cement and building materials sector (with concept stocks)
Mergers and acquisitions of large cement companies have formed an oligopoly pattern to achieve active removal of production capacity.
Changes in Hong Kong stocks | China Building Materials (03323) rose more than 7%, leading the way in cement stocks, mainstream cities successively optimized purchase restriction policies, and there is not much room for further cement price cuts
Cement stocks were higher in early trading. As of press release, China Building Materials (03323) rose 7.43% to HK$3.47; Conch Cement (00914) rose 6.67% to HK$20.8; China Resources Building Materials Technology (01313) rose 5.56% to HK$1.52; and Huaxin Cement (06655) rose 4.61% to HK$8.39.
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.
No Data