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Express News | Tianfeng: The supply-side reform of the Cement industry is gradually entering the second phase, and industry profits are expected to emerge from a relatively low point.
Express News | ShanDong Energy Group signed a strategic cooperation framework agreement with Anhui Conch Group.
Honk Kong Market Overview | All three major indices fell, with the Technology Index down over 1%; domestic property stocks and China-Affiliated Brokerage stocks declined, with SenseTime leading the decline in Network Technology stocks, down over 13%; Mao
Network technology stocks generally fell, SenseTime-W dropped 13.51%, Kuaishou-W fell 2.68%; most apple supplier stocks declined, Cowell fell 5.59%, BYD Electronics dropped 3.73%; most biotechnology stocks decreased, Jingtai Holdings-P fell 7.68%, beigene dropped 5.68%;
Hong Kong Market Quick Look | Hong Kong stocks soared at the end of the trading session, with the tech index rising over 4%, and Meituan up nearly 6%; domestic property stocks and china-affiliated brokerage stocks surged significantly, with sunac rising o
The Hong Kong stock market significantly surged in the final hours, with the tech index rising over 4%, leading the gains. Most network technology stocks increased, with SenseTime rising 8.19% and netease up 6.04%; apple suppliers saw widespread increases, with BYD Electronics rising 9.29% and q tech up 6.84%; securities and brokerage stocks also climbed, with china merchants increasing by 13.65% and everbright rising 7.82%;
Hong Kong stock concept tracking | In November, cement manufacturing prices increased by 6.2% month-on-month. Institutions are bullish on the valuation repair at the cement inflection point (including concept stocks).
National Bureau of Statistics: In November, the manufacturing price of cement rose by 6.2% compared to the previous month.
Conch Cement (600585): The profit center is expected to improve, and demand may benefit from policy efforts.
Executive summary of this report: In 2025, demand side may benefit from policy support to alleviate the inertia of decline; on the profit side, the industry's normalization and differentiated staggered peak mode may become more mature, while continuous policy efforts on the supply side are also expected to drive the industry's profit center to achieve year-on-year improvement.
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