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Citic sec consumer building materials 2025 investment strategy: Profit margin and valuation level usher in mean reversion.
With the policy of "promoting the stabilization of the real estate market" as the core goal, achieving this goal is of great significance for the valuation repair of the consumer building materials sector.
Hong Kong stocks fluctuate | Cement stocks fell in the afternoon, cement production hit a new low again. Institutions expect more supply control policies to be introduced in the future.
Cement stocks fell across the board in the afternoon. As of the time of this report, cnbm (03323) fell 4.76%, trading at 3.2 HKD; westchinacement (02233) fell 3.01%, trading at 1.29 HKD; conch cement (00914) fell 2.8%, trading at 20.85 HKD; cr bldg mat tec (01313) fell 2.55%, trading at 1.91 HKD.
Hong Kong stock concept tracking | Cement enterprises in Shandong Province will stagger production for 120 days starting from November 15. The cement industry is expected to see a simultaneous increase in quantity and price (with concept stocks attached).
The cement industry is expected to usher in a turning point where both quantity and price rise in the fourth quarter.
Guolian Securities: Cement "off-season not light" in 24Q3, price center may continue to rise
In the third quarter of 2024, in most regions, the staggered increase in cement intensity continues to increase, with the industry's supply and demand situation gradually improving. Cement prices continue to rise slightly, showing a certain "off-season not light" characteristic. Both industry profits on a month-on-month and year-on-year basis have improved.
Is China Resources Building Materials Technology Holdings (HKG:1313) A Risky Investment?
[Brokerage Focus] Citic Securities believes that the demand for the cement industry is expected to be in a downward phase in the medium to long term.
Jingu Financial News | Citic Securities stated that the cement industry's demand is expected to be in a downward phase in the medium to long term, with future industry changes focusing more on the supply side. In 2016, the supply-side reform of the cement industry led to a significant reduction in new cement clinker production capacity, but the speed of eliminating outdated capacity was slower than expected, and the industry still faces widespread overcapacity issues. Since 2024, cement demand has dropped significantly, leading to severe losses in the industry. The Ministry of Industry and Information Technology has revised and issued the "Implementation Measures for Capacity Replacement in the Cement and Glass Industries in 2024", which is expected to accelerate the elimination of more than 0.3 billion tons of outdated cement clinker production capacity, reducing actual capacity from 2.1 billion tons to the designed capacity of 1.
Returns On Capital Signal Tricky Times Ahead For China Resources Building Materials Technology Holdings (HKG:1313)No Data
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