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Ping An Securities: Cement prices actively increased during the off-season, paying attention to changes in the supply side.
Top enterprises have shown a positive attitude towards actively implementing kiln shutdowns and raising cement prices during the industry's off-season. Currently, the implementation situation is relatively good, while also considering the expected demand to recover in the second half of the year.
Hong Kong stock market anomaly: CNBM (03323) has fallen by nearly 4% again, with second-quarter losses of RMB 650 million, which is worse than expected. UBS Group predicts negative investor reaction.
Shares of cnbm (03323) have fallen nearly 4%, and as of press time, have fallen 2.97% to HKD 2.61, with a turnover of HKD 25.8772 million.
GTJA: Financial and tax reforms may boost the profitability and valuation of the construction sector's one-for-five rate.
The financial and tax system reform may increase local revenue and enhance the investment and payment capacity of local governments. On the one hand, new contracts are expected to be signed by construction companies, while on the other hand, existing orders may accelerate the progress of more physical workload and performance, enhancing total profit, net asset return rate, and PEG valuation.
Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
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.
Hong Kong stocks closed (07.09) | HSI flat, Apple suppliers and semiconductor stocks strong throughout the day, cnbm (03323) plummeted 13% after warning of earnings.
In the morning trading, the three major Hong Kong stock indices showed weak volatility. They all rose and turned red at noon, but then struggled to rise. The Hang Seng Index and the National Index successively fell, only the Hang Seng China Enterprise Index achieved growth.
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