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Morgan Stanley: raises WESTCHINACEMENT Target Price to HKD 1.5, CR BLDG MAT TEC to HKD 2.3.
Morgan Stanley released a research report stating that the Cement Industry has made adjustments following severe losses in the first half of the year, coupled with production control policies, which should help avoid overproduction of cement and enhance industry consolidation. The firm believes that leading cement manufacturers will benefit from new supply regulations and that cement will not be impacted by potential competition. Morgan Stanley noted that the construction starts and completions in the property sector may continue to decline next year. New Infrastructure and industrial investment may experience moderate growth, leading to weak demand for Building Materials in the later stages. Furthermore, leading manufacturers have become more cautious in their sales policies. The firm downgraded CR BLDG MAT TEC (01313) for 2024.
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Living Stone : thank you
104437220 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
104799076 : JOHNNY
Leroy Collyear : How how does this benefit us common folk?
103964377 : Gold price
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