West China Cement (02233) is currently up more than 4%. As of press time, it has risen by 3.67% to HKD 1.13, with a turnover of HKD 19.4558 million.
According to the Zhongtong Finance APP, West China Cement (02233) is currently up more than 4%. As of press time, it has risen by 3.67% to HKD 1.13, with a turnover of HKD 19.4558 million.
Changjiang Securities pointed out that considering the bottom of domestic cement profit, going abroad is an inevitable choice in history for enterprises. For now, the focus of cement companies going abroad is in Africa, where the prices of cement are mostly between 600-1200 yuan/ton, which has become the focus of domestic cement companies going abroad. It is reported that West China Cement's layout in Africa is mainly in Ethiopia, Mozambique, and the Democratic Republic of Congo; at the same time, West China Cement also has plant layout in Uzbekistan.
Tianfeng Securities previously stated that the overseas business income of West China Cement has increased year by year, and in 2023, the company's overseas income/overrun profit reached RMB 2.77/1.015 billion respectively, a year-on-year increase of 145%/197%, accounting for 31%/74% respectively. It is bullish on the company's future overseas business contribution. The bank predicts that with the gradual landing of the company's production capacity in various parts of Africa in the future, the company is expected to enter the top 10 list and its market share will be greatly increased.