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Trending Industry Today: CNBM Leads Losses In Building Materials Stocks
Trending Industry Today: BBMG Leads Losses In Building Materials Stocks
Trending Industry Today: BBMG Leads Gains In Building Materials Stocks
Trending Industry Today: CNBM Leads Gains In Building Materials Stocks
Optimism for West China Cement (HKG:2233) Has Grown This Past Week, Despite One-year Decline in Earnings
[Brokerage Focus] Changjiang Securities maintains a buy rating on West China Cement (02233), pointing to overseas gradual volume increases.
King's Finance News | Changjiang Securities issued a research report stating that westchinacement (02233) achieved revenue of 3.7 billion yuan in the first half of the year, a 16% year-on-year decrease; net income of 0.39 billion, a 27% year-on-year decrease. The bank pointed out that in the first half of the year, the cement industry as a whole was under pressure. For the company, there was pressure domestically, with incremental growth overseas, resulting in a slight overall performance decline. Outlook for overseas markets: 1. Mozambique: the civil sector in the southern market is currently stabilizing; 2. Congo (Kinshasa): the large lake factory can export clinker and cement to surrounding countries such as Burundi, Rwanda, and western Tanzania; 3. Ethiopia: current strong cement demand, the company expects
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