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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.
Market cap management guidelines promote the rise of dividend assets! The sectors of steel, building materials, and domestic banks have all surged significantly; how is the outlook for the market?
As of now, the Wind price-to-book index has increased by more than 30% since September 18, which includes stocks from large traditional industries such as banks, chemicals, and petrochemicals, while small-cap companies are mainly concentrated in building materials, home furnishings, and other areas.
Chongqing Iron & Steel (01053.HK) rises nearly 20% as the China Securities Regulatory Commission issues market cap management guidelines which may benefit the valuation reassessment of the steel sector.
Steel stocks were in demand this morning (18th), with Chongqing Iron & Steel (01053.HK) opening high today (18th) with a 2.15% increase, which then expanded to a maximum of 1.13 yuan, up 21.5%. Currently trading at 1.1 yuan, up 18.28%, with a turnover of 43.146 million shares, involving 46.3326 million yuan. Angang Steel (00347.HK) is currently at 1.54 yuan, up 9.22%. Maanshan Iron & Steel (00323.HK) is currently at 1.22 yuan, up 6.09%. Last Friday (15th), the China Securities Regulatory Commission issued market capitalization management guidelines, establishing market capitalization management systems for major index constituent stocks, as well as long-term breaks.
Market Update | Hong Kong steel stocks have surged! The China Securities Regulatory Commission has released guidelines for market cap management, and the steel sector is expected to undergo valuation recovery.
On November 15, the Securities Regulatory Commission issued guidelines for market cap management, establishing market cap management systems for major index constituent stocks and making special requirements for long-term companies trading below net asset value to disclose value enhancement plans.
Express News | Most steel stocks in the Hong Kong market rose, with chongqing iron increasing by over 16%.
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.
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