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CICC: The industry is expected to repair leading steel manufacturing companies or to gradually recover profits and valuations
CICC released a research report stating that at present, the domestic manufacturing industry has maintained a positive recovery momentum. Previously, due to the decline in the real estate market, the market's demand expectations for the industry were still pessimistic. Looking ahead, the steel industry is expected to recover.
Guosheng Securities: Crude steel production is falling back, and the pace of chemical bonds is expected to accelerate, and undervalued steel companies have future repair opportunities
Most of the steel sector belongs to the smelting and processing industry. Although the resource attributes are lower than the upstream extractive industry, some companies are currently in an undervalued area, and there are opportunities for future restoration.
Bank of America Securities: Optimistic about aluminum prices, China's Hongqiao raised the target price to HK$11.5
Bank of America Securities released a research report saying that in the second quarter, the global commodities team updated their metal price forecasts. The macroeconomic and energy transition will drive metal prices, and we are still optimistic about copper and gold. It is expected that by 2025, the price of copper will exceed 10,000 US dollars/ton, and the price of gold will exceed 2,500 US dollars/ounce. The bank is optimistic about aluminum prices and expects China's aluminum demand to increase by 2% in 2024. However, they have a neutral view of lithium and are wary of steel. The bank listed Zijin Mining (02899), Shandong Gold (01787), and China Aluminum (02600) as the preferred metal/mining stocks, and is optimistic
Baosteel Co., Ltd. (600019.SH): A total cost of 2,089 billion yuan to buy back 1.55% of the shares
Gelonghui, April 2, 丨 Baosteel Co., Ltd. (600019.SH) announced that by the end of March 2024, the company had repurchased 342.0627 million shares through centralized bidding transactions, accounting for about 1.55% of the company's total share capital. The highest purchase price was 6.67 yuan/share, the lowest purchase price was 5.57 yuan/share, and the total amount paid was 20886.141 million yuan (excluding transaction fees).
Baoshan Iron & Steel (SHSE:600019) Will Want To Turn Around Its Return Trends
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed
Oriental Securities: Non-ferrous steel is expected to reassess the value of central state-owned enterprises. It is recommended to focus on these targets
The Zhitong Finance App learned that Oriental Securities released a research report indicating that as of December 2023, there were 97 enterprises directly managed by the central government in China, with a total of 12 central state-owned enterprises in the mining, metallurgy, gold, and steel sectors, second only to strong monopoly industries such as energy and power. Among them, the non-ferrous steel sector is an important part of the market value assessment of central state-owned enterprises. In particular, steel and aluminum account for a relatively large share of the market value. It still has great potential in promoting the asset quality of listed companies through mergers and restructuring, resolution of related transaction issues, and increase dividend rates, etc., and is expected to have a leading effect. Recommended target: Baowu System: Baosteel Co., Ltd. (600019.SH)
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