CITIC Securities: The cement industry has already reached the cyclical bottom of profitability. The supply side of the glass industry is expected to improve.
The cement industry has reached the bottom of its cyclical profitability. With the clearance of small and medium-sized production capacity, the improvement of supply pattern is expected to drive the recovery of profitability.
Changjiang Securities: Cement continues to push up synergistically, bottom dividend value is showing.
According to a research report by Changjiang Securities, since May, with the continuous losses of small cement companies in the first half of the year, the leading cement companies have changed their strategies, strengthened their self-rescue mentality, and significantly enhanced their willingness to cooperate. From the price performance of the past two months, staggered price increases are still effective, and bottom signals are gradually becoming clear.
Hong Kong Stock Concept Tracking | Cement Prices Rise, Building Materials Industry Value Revaluation (with concept stocks)
Since May, cement prices have risen in Northeast China, Central China, South China, and Southwest China. As of last Friday, the average price of cement nationwide reached 372 yuan/ton, up about 12 yuan from the beginning of the month, a record high since the second quarter.
SDIC Securities: The new real estate policy goes hand in hand, and the collection and storage of state-owned assets is expected to accelerate and continue to be optimistic about the performance of building materials in the good production chain
The real estate industry has ushered in major favorable policies. Purchase restrictions have been relaxed in many places, and mortgage relaxation policies have exceeded expectations. Trade-in and state-owned assets collection and storage are expected to accelerate. The sales side and financing side are taking multiple measures together to help the building materials industry recover demand and improve repayments, and priority benefits for consumer building materials in the real estate chain.
Guoxin Securities: Building materials valuations and holdings are all in a position to focus on expected sectors and individual stock recovery opportunities
Guoxin Securities released a research report saying that the Politburo meeting set the policy direction of “resolving stocks and optimizing incremental growth”. Mainstream cities have successively optimized purchase restriction policies, which are expected to reverse pessimistic real estate expectations to a certain extent. Currently, fundamentals have not improved significantly, and market confidence will take time to recover. Subsequent support policies are still expected to be further strengthened. The valuations and positions of the building materials sector are at a low level. Concerned about the valuation repair opportunities of leading consumer building materials and some individual stocks that have surpassed the decline.
JIACHEN HOLDING: Annual Report 2023
Huatai Securities: Demand starts slowly after the cement festival than the industry's losses or phased expansion in previous years
Due to the lower price starting point before the Spring Festival and slower price recovery after the holiday season than in previous years, it is expected that most cement companies' profits in 1Q24 will decline the same or month-on-month, and the industry's losses may expand.
JIACHEN HOLDING: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2023
Jiachen Holdings (01937.HK) Profit Alert: Net profit is expected to be reduced by no less than 40% in 2023
On March 22, Gelonghui | Jiachen Holdings (01937.HK) announced that compared to the Group's net profit of about RMB 10.7 million in 2022, the net profit attributable to company owners in 2023 is expected to be reduced by no less than 40%. The board of directors believes that the reduction in net profit attributable to company owners in 2023 is mainly due to (i) an increase of not less than 30% and not less than 10% in sales expenses and administrative expenses of approximately RMB 7.2 million and RMB 20.4 million respectively in 2022. Group management believes that in order to cope with the Group's revenue growth in 2023 and the Group
Jiachen Holdings (01937.HK) held a board meeting on March 27 to review and approve annual results
Gelonghui, March 14, 丨 Jiachen Holdings (01937.HK) announced that the board of directors is pleased to meet on March 27, 2024 (Wednesday) to deal with the following matters: 1. Review and approve the publication of the audited comprehensive results and approved relevant results announcements of the company and its subsidiaries for the year ended 31 December 2023; 2. Consider paying dividends (if any); 3. Consider suspending the company's share transfer registration procedures (if required); and 4. Handle any other matters (if any).
There's Reason For Concern Over JiaChen Holding Group Limited's (HKG:1937) Massive 34% Price Jump
Jiachen Holdings [01937] now reports HK$0.248, an increase of 25.25%
As of 09:50, Jiachen Holdings [01937] reported HK$0.248, up HK$0.05 or 25.25% from yesterday's closing price of HK$0.198, with a turnover of HK$0.12 million. Today's high price was HK$0.248 and the lowest price was HK$0.248. Based on yesterday's closing price, the 10-day average price was HK$0.28, and the 50-day average price was HK$0.31. The current price-earnings ratio was 16.50 times, and the 14-day strong and weak index reported 32.18.
China Tightens Rules on Polluters Before Carbon Market Expansion
Guoxin Securities's investment strategy for the construction industry in January: high-dividend blue chips at the bottom to seize growth opportunities on segmented tracks
The Zhitong Finance App learned that Guoxin Securities released a research report saying that after a continuous correction in the second half of 2023, the valuation level of construction stocks has fallen back to an all-time low. If you consider the lower valuation level of Hong Kong stocks of central construction enterprises, the dividend appeal of some construction blue chip stocks has increased significantly.
Guangfa Securities's 24-year strategy for the building materials industry: solid demand, focusing on the construction of the “three major projects” and supply-side changes
The fundamentals of the traditional building materials industry are strongly correlated with the downstream real estate boom. The commercial housing market is expected in 2024.
Jiachen Holdings (01937.HK): Chen Shiping resigns as executive director
Glonghui, October 25, 丨 Jiachen Holdings (01937.HK) announced that Chen Shiping plans to invest more time in personal affairs and has requested his resignation as an executive director of the company and a member of the remuneration committee, with effect from October 25, 2023. Liu Hui, the company's executive director and CEO, has been appointed as a member of the Remuneration Committee effective October 25, 2023 to fill the gap caused by Mr. Chen's resignation.
Huatai Securities: Demand for real estate infrastructure is under pressure and profit performance is expected to continue to diverge
Huatai Securities released a research report saying that due to the low starting point of 1Q23 and the phased release of demand, the building materials industry as a whole enjoyed a relatively common profit recovery in 2Q23.
JIACHEN HOLDING: Interim Report 2023
Summary of the 23rd annual report of Huatai Securities Building Materials: H1's revenue is basically stable and profitability is being restored quarterly
The Zhitong Finance App learned that Huatai Securities released a research report saying that the overall revenue of the H1 building materials industry has remained stable, and Q2 cost pressure has been reduced and gross margin has returned to more than 20%.
JIACHEN HOLDING: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2023
No Data