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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.
chongqing iron & steel (601005.SH): currently not providing steel for chongqing sokon industry group stock and chang'an for vehicle use.
Gelonghui November 8th, chongqing iron & steel (601005.SH) stated on the interactive platform that the company is currently not providing steel for chongqing sokon industry group stock and Changan. We will continue to improve and strive to provide more and better services to local businesses.
Hong Kong stock anomaly | chongqing iron (01053) fell nearly 7% in the final trading session, with third-quarter revenue dropping by nearly 40%, resulting in a loss of 0.661 billion yuan during the period.
Chongqing Iron (01053) fell nearly 7% at the close, as of press time, down 6.72% to HK$1.11, with a turnover of 0.122 billion Hong Kong dollars.
Chongqing Iron & Steel's Q3 Loss Widens as Revenue Falls 39%; Hong Kong Shares Slip 3%
Many Still Looking Away From Chongqing Iron & Steel Company Limited (HKG:1053)No Data
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