Golden Finance News | Building materials and cement stocks are up collectively. As of press time, CR Building Mat Tec (01313) rose by 6.63%, BBMG Corporation (02009) rose by 3.64%, CNBM (03323) rose by 2.72%, and WestChinaCement (02233) rose by 1.89%.
Changjiang Securities released a research report stating that since May, the strategic changes of cement-leading enterprises and the continuous losses of small enterprises in the first half of the year have strengthened the mentality of self-rescue and significantly enhanced the willingness to cooperate. From the price performance of the past two months, staggered price increases are still effective, and bottom signals are becoming clearer. At present, the overall cash flow of cement enterprises is relatively abundant, and dividends have bottom support, and the sector has value from the perspective of dividends. On the fundamentals, the inventory of glass continues to rise, the price of coarse glass fiber falls slightly, and the price of electronic glass fiber continues to rise. We continue to recommend retail building materials and glass fiber, and bullish on subdivided prosperous tracks such as overseas and medicinal glass.
CITIC Securities pointed out that Conch Cement has released the action plan for "improving quality, increasing efficiency, and returning to shareholders" for 2024, and has been continuously promoting green and low-carbon development while focusing on the cement industry. From the perspective of the cement industry, cement sales are conducted through cash-on-delivery, and cash flows of various companies are sufficient, providing a basis for increasing dividend payout ratios. At the same time, as energy-saving and carbon-reduction policies become more stringent, the supply side of the cement industry has opportunities to shrink. The cooperation of the cement industry in 2024 is better than in previous years, and the industry ecology is gradually improving.