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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.
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