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Building materials cement stocks across the board fell, with Shanshui Cement (00691) dropping by 5.88%. Institutions believe that cement prices lack the momentum for a rebound.
Jingu Financial News | Building materials and cement stocks across the board are declining. As of the time of publication, Shanshui Cement (00691) fell by 5.88%, Dongwu Cement (00695) fell by 5.29%, CNBM (03323) fell by 3.56%, CR Bldg Mat Tec (01313) fell by 3.55%, Huaxin Cement (06655) fell by 3.16%, Conch Cement (00914) fell by 2.48%. In addition, Tungkong International stated that since 2024, due to the real estate market still being in a deep adjustment phase, coupled with the continued slowing down of infrastructure investment growth, the cement industry's overall demand is weak, leading to a decline in domestic cement prices.
Credit rating by large banks | Lyon: Bullish on the leading cement companies, performance is expected to continue to improve. Recommend conch cement, huaxin cement, etc.
Lyon released a report stating that the Ministry of Finance has begun to implement a more robust fiscal policy, expecting support for infrastructure growth next year. In addition, the bank believes that several rounds of price increases since June this year have proven that the cement industry has moved out of the stage of severe supply-demand imbalance. The bank pointed out that cement companies have re-agreed on coordinated production control to promote supply-demand balance. Therefore, with improvements in demand and coordinated supply, the cement industry is expected to achieve better profit performance next year. The bank is bullish on the possibility of sustained improvement in the performance of leading cement companies, and recommends Conch Cement, Huaxin Cement, CR Building Material Technology, and CNBM.
Returns On Capital Signal Tricky Times Ahead For Huaxin Cement (SHSE:600801)
Huaxin Cement Schedules Board Meeting for Financial Results
huaxin cement (06655.HK) will hold a board of directors meeting on October 25th to approve the performance for the first three quarters.
Gelonghui October 10th | huaxin cement (06655.HK) announced that the board of directors will hold a board meeting on October 25, 2024 (Friday) to consider and approve the quarterly performance of the company and its subsidiaries for the nine months ending September 30, 2024 (including other matters).
HUAXIN CEMENT: DATE OF BOARD MEETING
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