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Angang Steel Updates H Share Registrar
Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.
At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.
Hong Kong stocks showed fluctuations | Steel stocks surged in early trading as the Securities Regulatory Commission released guidelines for market cap management, the steel sector is expected to welcome valuation recovery.
Steel stocks surged in the morning. As of the time of publication, Chongqing Iron and Steel (01053) rose by 13.98% to HKD 1.06; Angang Steel (00347) rose by 4.96% to HKD 1.48; Maanshan Iron (00323) rose by 2.61% to HKD 1.18; China Oriental (00581) rose by 0.87% to HKD 1.16.
China Securities Co., Ltd.: Real estate policies drive a recovery in the steel industry, with crude steel monthly production rebounding for the first time since June.
From January to October, domestic pig iron production was 715.11 million tons, a year-on-year decrease of 4%; crude steel production was 850.73 million tons, a year-on-year decrease of 3%; steel production was 1164.84 million tons, a year-on-year increase of 0.5%. In October, pig iron and crude steel production grew by 1.4% and 2.9% respectively, marking the first rebound since June.
Angang Steel (HKG:347 Investor Three-year Losses Grow to 54% as the Stock Sheds HK$656m This Past Week
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
①In the third quarter, the losses in the steel industry worsened, with 21 out of 27 listed steel smelting companies experiencing losses, totaling over 14.5 billion yuan, with the total quarterly loss amount almost approaching that of the entire previous year. ②Industry experts believe that the main reason for the losses is the overcapacity in the steel industry itself, poor industry self-discipline, failure to actively limit production, oversupply of products, continuous decline in steel prices, slow decrease in raw material prices, and severe industry profit compression.
Strong Week for Angang Steel (HKG:347) Shareholders Doesn't Alleviate Pain of Five-year LossNo Data
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