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Trending Industry Today: YANKUANG ENERGY Leads Gains In Carbon Neutral Stocks
Earnings Not Telling The Story For Anhui Conch Cement Company Limited (HKG:914) After Shares Rise 31%
Express News | JPMorgan Chase & Co's Long Position in H Shares of Anhui Conch Cement Decreases to 5.78% on Oct 3 From 6.67% - HKEX
Jefferies Financial is bullish on the bulk building materials market, significantly raising the target prices of Chinahongqiao (01378) and CNBM (03323), among others.
Jefferies Financial is bullish on the Chinese bulk building materials market, raising the target prices of related symbols.
Trending Industry Today: CNBM Leads Losses In Building Materials Stocks
Major bank rating | Jefferies Financial: Raised target price for Chinese cement stocks, supply restrictions bring more sustainable price increases
Jefferies Financial's report states that the mainland's stimulus measures announced at the end of last month were surprising. The bank believes that this round of quantitative easing is sustainable and will help reverse demand. Most commodities have good destocking situations before the peak season, and it is expected that demand in the fourth quarter will improve year-on-year, as the base in the fourth quarter is low, such as cement. The bank is most bullish on cement in the fourth quarter, as more convincing evidence indicates that supply constraints will lead to more sustainable price increases. The bank states that under the stimulus plan, it is positive about all commodities in the fourth quarter, with preferences in the following order: cement, aluminum, copper, iron, and lastly coal. The bank
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