02233 WESTCHINACEMENT
- 1.080
- +0.070+6.93%
WESTCHINACEMENT News
Hong Kong stocks soar | Westchinacement (02233) rose more than 6% with the rise of African construction prosperity, the company's overseas performance is expected to be flexible.
westchinacement (02233) rose over 6%, as of press time, up 5.94%, at HKD 1.07, with a turnover of 16.5668 million HKD.
HK stocks fluctuate | Cement stocks are generally weak, and the industry's profits are under significant pressure in the first half of the year. The sustainability of price increases is a concern, as is inventory changes.
Cement stocks generally weak. As of press time, Dongwu Cement (00695) fell 5.63% to HKD 1.51; Conch Cement (00914) fell 3.25% to HKD 18.46; CNBM (03323) fell 2.32% to HKD 2.53.
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.
HK stocks abnormal | CR Building Materials Technology (01313) fell nearly 6%, leading the decline in cement stocks. Institutions said that there is limited room for further rise in cement prices.
Cement stocks collectively fell. As of press time, CR Building Material Tech (01313) was down 4.84%, at HKD 1.77; West China Cement (02233) was down 2.78%, at HKD 1.05; Huaxin Cement (06655) was down 1.65%, at HKD 7.76; CNBM (03323) was down 1.18%, at HKD 2.52.
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.
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.
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.
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 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.
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.
West China Cement Limited's (HKG:2233) Largest Shareholders Are Retail Investors Who Were Rewarded as Market Cap Surged HK$545m Last Week
Hong Kong stocks unusual | Cement stocks rose in midday trading, cr bldg mat tec (01313) rose more than 5% again, cement welcomed the first upward adjustment in the second half of the year.
Cement stocks rose in early trading. As of the time of writing, CR Building Materials Technology (01313) rose 5.56%, to HKD 1.52; Conch Cement (00914) rose 3.37%, to HKD 19.62; China National Building Material (03323) rose 2.78%, to HKD 2.97; and West China Cement (02233) rose 1.89%, to HKD 1.08.
HK stocks surge | Cement stocks collectively rise, with CR Building Materials Technology (01313) up more than 5%, continuing staggered production expected to support cement prices.
Cement stocks rose collectively. As of the time of publication, Dongwu Cement (00695) rose 5.63%, closing at HKD 1.69; CR Building Materials Technology (01313) rose 5.07%, closing at HKD 1.45; West China Cement (02233) rose 4.85%, closing at HKD 1.08.
HK stocks fluctuate | Westchinacement (02233) rose more than 5% in intraday trading. The company's overseas business income has been increasing year by year and is expected to occupy a large market share in Africa and Central Asia.
Westchinacement (02233) rose more than 5% in intraday trading, and as of press time, it has risen by 3.64%, to HKD 1.14, with a turnover of HKD 6.7298 million.
Western Cement (02233) will pay a final dividend of $0.023 per share on July 31
According to the Zhitong Finance App, Western Cement (02233) announced that the company will pay a final dividend of 0.023 yuan per share on July 31, 2024.
WESTCHINACEMENT: EXCHANGE RATE FOR PAYMENT OF FINAL DIVIDEND
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.
WESTCHINACEMENT To Go Ex-Dividend On May 29th, 2024 With 0.025 HKD Dividend Per Share
Is West China Cement (HKG:2233) A Risky Investment?
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.
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