CR Building Materials Technology (01313) rose nearly 4%, as of the press release, rose 3.72%, reporting HKD 1.95, with a turnover of HKD 26.1877 million.
According to the Wisdom Financial APP, CR Building Materials Technology (01313) rose nearly 4%, as of the press release, rose 3.72%, reporting HKD 1.95, with a turnover of HKD 26.1877 million.
On the news front, UBS research reports pointed out that the rating of CR Building Materials Technology was upgraded from "sell" to "neutral" with a target price raised from HKD 1.22 to HKD 1.95, now valued reasonably. The bank believes that the cement leader in southern China has fully absorbed the impact of the real estate cycle and is confident that the cement gross profit in southern China has bottomed out in the first half of the year as price competition eases.
It is understood that in June, many regions have increased their efforts to stop kilns, coupled with the sustained high prices of raw materials such as coal and the implementation of new national standards, the range of cement price increases has continued to expand. According to data from the National Cement Network, the average national cement market price in June was CNY 389.46/ton, up CNY 25.71/ton from May, an increase of 7.07%.