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Everbright Securities: despite weak demand, staggered price increases are bullish for the cement sector's relative yield.
According to a research report released by Everbright Securities, under the background of the overall demand decline in infrastructure and real estate, cement may have a relatively advantageous position. The new construction area of real estate in 2023 is expected to decrease by 58% compared to the highest point in 2019, while infrastructure investment remains at a historical high. The cement production in 2023 is expected to decline by 12% from the peak in 2020. The overall demand decline in infrastructure and real estate is a common problem faced by various sectors in the real estate chain. In comparison, the cement industry is attempting to improve supply and demand relationship and support prices by reducing production. If price increases can be realized, it is expected to offset the demand decline by improving per-ton profitability. Leading cement companies have the potential to become
Changjiang Securities: Cement continues to push up synergistically, bottom dividend value is showing.
According to a research report by Changjiang Securities, since May, with the continuous losses of small cement companies in the first half of the year, the leading cement companies have changed their strategies, strengthened their self-rescue mentality, and significantly enhanced their willingness to cooperate. From the price performance of the past two months, staggered price increases are still effective, and bottom signals are gradually becoming clear.
Hong Kong stock market fluctuation: Cement stocks fell the most. From January to May, more than 55% of cement industry enterprises faced losses. The willingness to raise prices in the off-season has increased.
Cement stocks have the largest decline. As of press time, CNBM (03323) fell 13.11% to HKD 2.65; CR Building Materials Technology (01313) fell 7.74% to HKD 1.55; West China Cement (02233) fell 2.7% to HKD 1.08.
Cement and building materials sectors generally rose, with CR Building Materials Technology (01313) rising 8.23%. The price of raw materials, coupled with high dividends, is a catalyst for the industry.
Jingu Finance | Building materials and cement sectors rose across the board. As of press time, CR Building Materials Technology (01313) rose 8.23%, Conch Cement (00914) rose 3.03%, China National Building Material (03323) rose 1.32%, and West China Cement (02233) and Huaxin Cement (06655) followed suit. On the news front, according to Century Architecture Research, some cement companies in Tangshan, Qinhuangdao, Chengde, Zhangjiakou, Baoding and other markets in Hebei began to shut down for 10 days since July 1, with about 50% of the leading enterprises' clinker inventories in Tangshan. Cement prices in Beijing, Tianjin and some parts of Hebei have been raised by 50-80 yuan.
Huaxin Cement (SHSE:600801) Might Be Having Difficulty Using Its Capital Effectively
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Firstly, we'll want to see a proven return on capital employed (ROCE) that is inc
Guosen Securities: The building materials sector is still in a slow recovery phase at the bottom, and the concentration of long-term benefits continues to increase.
Zhixun Finance learned from guosen's research report that the current pressure from real estate is still present and the overall building materials sector is still in a slow recovery phase at the bottom, but with further risk released, the bottom continues to be consolidated, and high-quality enterprises continue to lead, demonstrating strong operational resilience and further improving operational quality. With the optimization of channel change, product category, and regional layout, competitive advantages are expected to continue to emerge, and supply clearance will also bring further optimization of the industry landscape, with long-term concentration continuing to increase. Recently, real estate policies have continued to be implemented, and market sentiment has slightly improved. The current fundamentals and valuation are relatively low. In this round of land
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