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.
Hong Kong stock concept tracking|Real estate market transaction active, institutions highly concerned about cement supply side reform (with concept stocks)
The building materials sector as a whole is still in the slow recovery phase at the bottom, with valuations and positions also at low levels.
haitong sec: Pressure has already emerged in the construction industry, looking forward to policy changes.
haitong sec released research reports stating that industry pressure has already emerged, awaiting policy changes.
PUJIANG INTL: UPDATE ON STATUS OF RESUMPTION AND DELAY IN PUBLICATION OF THE INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024 AND DELAY IN DESPATCH OF INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Dongxing Securities: Industry pattern optimized, restructuring supply and demand for new balance, leading companies in building materials and other industries ushered in a period of development opportunities.
With the overlay of industry policies, the industry structure will be optimized, and the overall industry supply will be controlled and reduced, which will establish a new balance between industry supply and demand.
Pujiang Intl announced that Guowei has been appointed as its auditor.
Pujiang Intl (02060) announced that Guowei Certified Public Accountants Co., Ltd. (Guowei) has been appointed as the auditor and will take effect from July 17, 2024 to fill the temporary vacancy left by the resignation of Ernst & Young. Guowei's term will end at the end of the company's next annual shareholder meeting. In addition, trading remains suspended.
Pujiang Intl (02060.HK): Guowei appointed as auditor.
Pujiang Intl (02060.HK) announced on July 17th that Guowe Accounting Firm Limited ("Guowe") has been appointed as the auditor. It will take effect from July 17, 2024 to fill the temporary vacancy left by the resignation of Crowe Horwath. Guowe's tenure will last until the end of the next shareholder's annual meeting.
pujiang intl (02060): Hong Kong RSM Hong Kong resigns as auditor.
Zhitong Finance and Economics App reported that Pujiang Intl (02060) announced that Hong Kong Deloitte Touche Tohmatsu Certified Public Accountants Limited resigned as the auditor and the resignation will be effective from July 9, 2024.
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.
pujiang intl (02060) received the resumption guidance from the HKEX.
Pujiang Intl (02060) announced that on June 25, 2024, the company received a letter from the HKEX...
PUJIANG INTL: RESUMPTION GUIDANCE AND QUARTERLY UPDATE ON STATUS OF RESUMPTION
Pujiang Intl (02060.HK) established an independent director's committee.
On May 31, 2024, pujiang intl (02060.HK) announced that the board of directors established an independent director committee composed of Ms. Pan Yingli, Mr. Chen Dewei and Mr. Tang Zhibin (all independent non-executive directors of the company). On June 4, 2024, the company appointed an independent monitoring and recognition expert, Amey Corporate Consultants (Shanghai) Co., Ltd., to conduct independent monitoring and recognition investigations on unresolved issues recommended by the company's auditors.
PUJIANG INTL: (I) UPDATE ON DELAY IN PUBLICATION OF THE 2023 ANNUAL RESULTS AND THE 2023 ANNUAL REPORT; (II) FORMATION OF INDEPENDENT BOARD COMMITTEE AND INTENDED INDEPENDENT INVESTIGATION; AND (III) CONTINUED SUSPENSION OF TRADING
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.
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.
Pujiang International (02060) suspended trading on April 2, pending publication of the 2023 annual results
Pujiang International (02060) announced that the company's shares will be traded jointly in Hong Kong starting at 9:00 a.m. on April 2, 2024...
PUJIANG INTL: (I) DELAY IN PUBLICATION OF 2023 ANNUAL RESULTS; (II) POSSIBLE DELAY IN DESPATCH OF 2023 ANNUAL REPORT; (III) POSTPONEMENT OF BOARD MEETING; AND (IV) SUSPENSION OF TRADING IN SHARES
Pujiang International (02060.HK) held a board meeting on March 28 to consider and approve the annual results
Gelonghui, March 15, 丨 Pujiang International (02060.HK) announced that it will hold a board meeting on March 28, 2024 (Thursday) to consider and approve the Group's annual results for the year ended 31 December 2023 and the proposed final dividend (if any), and to deal with other matters.
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