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Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.
At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.
China Securities Co., Ltd.: Real estate policies drive a recovery in the steel industry, with crude steel monthly production rebounding for the first time since June.
From January to October, domestic pig iron production was 715.11 million tons, a year-on-year decrease of 4%; crude steel production was 850.73 million tons, a year-on-year decrease of 3%; steel production was 1164.84 million tons, a year-on-year increase of 0.5%. In October, pig iron and crude steel production grew by 1.4% and 2.9% respectively, marking the first rebound since June.
Express News | gtja: Policies are expected to continue to strengthen, no need to be pessimistic about the later demand for the steel industry.
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
① In the third quarter, losses in the steel industry intensified, with 21 out of 27 listed steel smelting companies recording losses, totaling over 14.5 billion yuan in losses, the quarterly loss total approaching last year's full year. ② Industry insiders believe that the main reason for the losses is the steel industry's own overcapacity, poor industry self-discipline, failure to actively limit production, product oversupply, continuously declining steel prices, slow decline in raw materials, and severe industry profit compression.
Hong Kong stocks fluctuate | Steel stocks lead the decline, steel prices are expected to see a phased rebound, market focuses on subsequent capacity reduction and joint restructuring mechanism.
Steel stocks surged across the board yesterday, leading the decline today. As of press time, chongqing iron (01053) fell by 7.89%, to HKD 1.05; irc (01029) fell by 4.17%, to HKD 0.092; maanshan iron (00323) fell by 3.79%, to HKD 1.27; and angang steel (00347) fell by 3.07%, to HKD 1.58.
The three major stock indexes in Hong Kong collectively closed higher, with steel stocks performing well.
① What news inspired the strengthening of real estate stocks? ② What is the reason for the rise of Mingchuang Premium? ③ Will the net inflow of capital to the South continue?
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