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Gelonghui Announcement Selection (HK Stock) | Metallurgical Corporation of China (01618.HK) August new contract amount of 831.05 billion yuan, with overseas new contract amount increasing by 85.1%.
【Today's Focus】Metallurgical Corporation of China (01618.HK): New contract value for Jan-Aug reaches 831.05 billion yuan, with overseas contracts growing by 85.1% Metallurgical Corporation of China (01618.HK) announced that the new contract value for January to August 2024 amounted to 831.05 billion yuan, a decrease of 6.5% compared to the same period last year. The new overseas contract value stood at 58.97 billion yuan, representing an 85.1% increase over the same period last year. 【Major Events】 COSCO Ship Engy (01138.HK) to build two ships at a total cost of approximately 3.46 billion yuan, while Johnson Hldgs (01955.HK) won the bid for a total amount.
Express News | Metallurgical Corporation of China Says It Signed 831.1 Bln Yuan Worth of New Contracts in Jan-Aug, Down 6.5% Y/Y
Metallurgical Corporation of China (601618.SH): The new contract amount from January to August was 831.05 billion yuan, a decrease of 6.5% year-on-year.
On September 13th, Gelunhui reported that China Metallurgical Corporation (601618.SH) announced that the new contract amount for the company from January to August 2024 was 831.05 billion yuan, a decrease of 6.5% compared to the same period last year, including a new overseas contract amount of 58.97 billion yuan, an 85.1% increase compared to the same period last year.
CICC: Cement demand is expected to marginally improve, while the supply and demand of float glass still needs to be rebalanced.
Due to the slow recovery of infrastructure physical workload and real estate demand, as well as the emphasis on business quality in the operation strategy of construction and building material enterprises, the corresponding performance is reflected in the refusal of bridge financing and the intensified competition for high-quality projects, resulting in overall pressure on the income and profit of construction and building material enterprises in 2Q24.
Metallurgical Corporation of China (01618) fell 29.50%, currently trading at 1.220 yuan, hitting a 52-week low.
As of 11:45, Metallurgical Corporation of China (01618) has dropped 29.50% from the previous closing price, now trading at 1.220 yuan, hitting a new 52-week low; the trading volume is 9.2059 million shares, with a turnover of 11.3451 million Hong Kong dollars.
Investors Could Be Concerned With Metallurgical Corporation of China's (HKG:1618) Returns On Capital
Returns On Capital At Metallurgical Corporation of China (HKG:1618) Have Stalled
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