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CITIC SEC: The building materials Industry may welcome trend-based investment opportunities in the second half of this year.
CITIC SEC released a Research Report stating that the building materials Industry, being highly related to Real Estate, has faced downward pressure on revenue and profits since 2021, and the industry has also seen a clearing and optimization of the competitive landscape.
Hong Kong Market Brief | The three major indexes stopped falling and rebounded, with the Tech Index rising over 1%; technology and auto stocks performed well, with JD.com rising nearly 2% and Evergrande Auto increasing by nearly 75%.
Many Network Technology stocks are rising, JD-SW is up 1.80%, KUAISHOU-W is down 1.67%; Dining stocks are climbing, Little Garden is up 8.14%, HAIDILAO is up 6.14%; Building Materials stocks are all rising, ENVIRO ENERGY is up 19.64%, CONCH CEMENT is up 4.60%.
Macquarie: The two-year transformation of China's Cement industry is surprisingly similar to OPEC.
At the beginning of 2022, a price war broke out in the Cement Industry in China, and supply control began to appear in mid-2024, a gap of two years.
CR BLDG MAT TEC (1313.HK): Anticipating improvements in the South China market, company performance elasticity is being released.
Event description: The company released the 2024 annual report, achieving revenue of 23.038 billion yuan, a year-on-year decrease of 9.8%, and net income of 0.211 billion yuan, a year-on-year decrease of 67.2%. Event comment: The entire Industry is under demand pressure, and the company is located in a region.
Market Quick Review | All three major Indices fell, with the Tech Index down nearly 4%; internet and Autos stocks declined, with Alibaba falling nearly 4% and Xpeng Motors dropping over 7%.
Network Technology stocks fell, XIAOMI-W dropped by 6.32%, Bilibili-W fell by 4.58%; automobile stocks generally declined, Xpeng-W decreased by 7.48%, Great Wall Motor fell by 7.24%; Lithium Battery stocks decreased, BYD Electronics dropped by 9.58%, LEOCH INT'L fell by 4.62%.
Hong Kong stock midday review | The three major Indices have retreated, with the Technology Index down over 3%; Network Technology stocks are weak, Xiaomi dropping over 5%; Aviation/airlines Industry generally rises, with Air China Limited increasing near
Network Technology stocks weakened, XIAOMI-W fell by 5.44%, MEITUAN-W fell by 4.16%; Building Materials stocks weakened, CONCH CEMENT fell by 5.75%, Huaxin Cement fell by 3.22%; Automotive stocks generally fell, Great Wall Motor fell by 6.35%, XPeng Motors-W fell by 6.32%.