HK stocks soar: westchinacement (02233) surges over 4% with increasing revenue from overseas business, expected to gain a larger market share in Africa.

Westchinacement (02233) is up more than 4%, as of press time, up 3.67%, at HKD 1.13, with a turnover of HKD 19.4558 million.

Zhitong FinanceJul 15 23:40 ET

Building materials and cement stocks collectively rose, CR Building Materials Technology (01313) rose 6.63%, institutions pointed out that cement synergy this year is better than in previous years.

Building materials and cement stocks are moving up collectively. As of the time of publication, CR Building Materials Technology (01313) has risen by 6.63%, BBMG Corporation (02009) has risen by 3.64%, CNBM (03323) has risen by 2.72%, and Westchinacement (02233) has risen by 1.89%. Changjiang Securities released a research report stating that since May, due to changes in the strategy of leading cement enterprises and the continuous losses of small enterprises in the first half of the year, the self-help mentality of these companies has been strengthened and the willingness to cooperate has significantly increased. In addition, looking at the price performance over the past two months, staggered price increases are still effective, and bottom signals are becoming clearer. Currently, the overall cash flow of cement companies is relatively sufficient.

金吾財訊Jul 10 22:47 ET

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.

Zhitong FinanceJul 9 04:25 ET

Hong Kong stock market fluctuation: Cement stocks fell the most. From January to May, more than 55% of cement industry enterprises faced losses. The willingness to raise prices in the off-season has increased.

Cement stocks have the largest decline. As of press time, CNBM (03323) fell 13.11% to HKD 2.65; CR Building Materials Technology (01313) fell 7.74% to HKD 1.55; West China Cement (02233) fell 2.7% to HKD 1.08.

Zhitong FinanceJul 8 22:31 ET

Cement and building materials sectors generally rose, with CR Building Materials Technology (01313) rising 8.23%. The price of raw materials, coupled with high dividends, is a catalyst for the industry.

Jingu Finance | Building materials and cement sectors rose across the board. As of press time, CR Building Materials Technology (01313) rose 8.23%, Conch Cement (00914) rose 3.03%, China National Building Material (03323) rose 1.32%, and West China Cement (02233) and Huaxin Cement (06655) followed suit. On the news front, according to Century Architecture Research, some cement companies in Tangshan, Qinhuangdao, Chengde, Zhangjiakou, Baoding and other markets in Hebei began to shut down for 10 days since July 1, with about 50% of the leading enterprises' clinker inventories in Tangshan. Cement prices in Beijing, Tianjin and some parts of Hebei have been raised by 50-80 yuan.

金吾財訊Jul 4 22:15 ET

West China Cement Limited's (HKG:2233) Largest Shareholders Are Retail Investors Who Were Rewarded as Market Cap Surged HK$545m Last Week

Key Insights West China Cement's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 22 investors have a majority

Simply Wall StJul 4 19:16 ET