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[Brokerage Focus] Tianfeng believes that the decline in Cement demand is expected to narrow, Bullish on the upward elasticity of domestic Cement enterprises' profits in 2025.
Jinwu Financial News | Tianfeng Securities released a research report indicating that the firm believes that in 2025, due to the advancement of real infrastructure workloads and the solidification of new real estate construction, the decline in cement demand is expected to narrow. On the supply side, efforts will gradually intensify. In the short term, staggered production remains the most effective means of adjusting supply-demand balance. As the restrictions on overproduction policies gradually tighten in 2025, companies exiting small and medium capacities through compensating for excess production indicators will lead the industry to begin to achieve genuine capacity clearance. Starting in 2027, the industry will enter a stage of deepening and refining carbon trading, and the effects of capacity optimization in the industry are expected to become more apparent. The firm stated that in October, the East China Yangtze River Delta...
【Brokerage Focus】HAITONG INT'L: The first foray into Latin America is steady, and it is a good time for Chinese Cement companies to expand abroad.
Jingwu Financial News | HAITONG INT'L Research points out that recently Huaxin Cement (06655) announced plans to acquire 100% equity of symbol A for 0.1866 billion USD (holding 60% equity of symbol B), and 40% equity of symbol B. After the acquisition is completed, symbol B will become a wholly-owned subsidiary of the company, with performance consolidated into the company's financial statements. The bank noted that the target company is located in Brazil, the largest country in Latin America. The company mainly engages in the aggregate business and has not yet involved in cement assets. The bank believes that operating an aggregate plant in Brazil will help the company gain a deeper understanding of Brazilian culture, language, and market, making it an ideal springboard for future development and growth in Brazil.
Huaxin Cement Unit to Buy Stake in Two Firms
[Brokerage Focus] China International Capital Corporation pointed out that the active changes on the Cement supply side may drive a significant improvement in prices.
Jinwu Finance | China International Capital Corporation stated that positive changes on the supply side of Cement may lead to a significant improvement in prices. In November, the national Cement production was 0.169 billion tons, a year-on-year decrease of 10.7% and a month-on-month decrease of 3.2%, mainly impacted by the cooling weather in the north; from January to November, the national Cement production accumulated a decline of 10.1%. The bank believes that debt reduction policies are expected to provide strong support for Cement demand expectations in 2025. In addition, the Industry is also looking forward to more supply-side reform policies, such as Carbon Trading, capacity replenishment and replacement, etc., which are expected to bring profound changes on the supply side in the long term. The dual positive policy expectations on both the supply and demand sides are being driven.
Huaxin Cement (06655.HK) intends to acquire a Brazilian aggregate business company for 0.1866 billion USD.
On December 16, Glonghui announced that Huaxin Cement (06655.HK) signed a share acquisition agreement on December 16, 2024, between the buyer (a wholly-owned subsidiary of the company) and the seller (an independent third party). Accordingly, the buyer conditionally agrees to acquire, while the seller conditionally sells 100% of the equity of the symbol company A ITATUBA PARTICIPA??ES LTDA and 40% of the equity of the symbol company B EMBU S.A. ENGENHARIA E COMéRCIO, with a total consideration of approximately 0.1866 billion USD (and subject to adjustments based on the financial conditions on the delivery date).
Express News | Huaxin Cement Co Ltd - Deal for USD 186.6 Mln
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