[Brokerage Focus] Tianfeng believes that the decline in Cement demand is expected to narrow, Bullish on the upward elasticity of domestic Cement enterprises' profits in 2025.

Jinwu Financial News | Tianfeng Securities released a research report indicating that the firm believes that in 2025, due to the advancement of real infrastructure workloads and the solidification of new real estate construction, the decline in cement demand is expected to narrow. On the supply side, efforts will gradually intensify. In the short term, staggered production remains the most effective means of adjusting supply-demand balance. As the restrictions on overproduction policies gradually tighten in 2025, companies exiting small and medium capacities through compensating for excess production indicators will lead the industry to begin to achieve genuine capacity clearance. Starting in 2027, the industry will enter a stage of deepening and refining carbon trading, and the effects of capacity optimization in the industry are expected to become more apparent. The firm stated that in October, the East China Yangtze River Delta...

Jinwu Financial NewsDec 24 13:24

According to "The Big Action", China International Capital Corporation: The implementation of state-owned enterprise Market Cap management policies reveals the gradually emerging value of Sector allocation.

CITIC published a report stating that the Market Cap management policy for central enterprises in mainland China has taken effect, revealing the value of Sector allocation gradually. For construction central enterprises, the effects of Market Cap management have begun to show, and new regulations are facilitating net asset recovery. The report believes that construction central enterprises are still generally in a state of net asset loss, and the 'Opinions' further clarifies the importance of Market Cap management, incorporating the resolution of long-term net asset loss issues into annual key work and including Market Cap management into the performance assessment of central enterprise leaders, which is expected to further promote the valuation recovery of construction central enterprises. The report anticipates that the upcoming debt policies next year are likely to be fully implemented, especially with government bonds and special bonds expected to be issued at an accelerated pace, which may lead to an inc

AASTOCKSDec 19 10:18

[Brokerage Focus] China International Capital Corporation pointed out that the active changes on the Cement supply side may drive a significant improvement in prices.

Jinwu Financial News | China International Capital Corporation stated that positive changes on the supply side of Cement may lead to a significant improvement in prices. In November, the national Cement production was 0.169 billion tons, a year-on-year decrease of 10.7% and a month-on-month decrease of 3.2%, mainly affected by the colder weather in the north; from January to November, the national Cement production cumulatively fell by 10.1%. The bank believes that the debt reduction policy is expected to provide strong support for Cement demand expectations in 2025. In addition, the Industry is also looking forward to more supply-side reform policies, such as Carbon Trading and capacity replacement, which are expected to bring profound changes on the supply side in the long term. Driven by dual positive policy expectations on both supply and demand.

Jinwu Financial NewsDec 17 14:02

Hong Kong stock market afternoon review | The three major Indexes have all fallen, with the technology Index dropping by 0.49%; the 5G Sector and Lithium Battery Sector show strength against the trend, ZTE soaring over 7%, and BYD shares rising over 2%.

Network Technology stocks fell, with Alibaba-W dropping 1.48% and JD-SW declining 1.25%; Building Materials stocks generally declined, with CHINA TIANRUI falling 9.09% and CONCH CEMENT down 2.79%; Hong Kong Retail Stocks rose, with BONJOUR HOLD decreasing 4.74% and PRADA increasing 2.66%.

Futu NewsDec 17 12:17

Hong Kong Stock Afternoon Review | All three major Indices fell, with the Tech Index down 1%; Network Technology stocks weakened, with SenseTime down over 3%; Cryptos Concept stocks rose against the trend, with BOYAA up nearly 6%.

Network Technology stocks weakened, SenseTime-W fell by 3.23%, XIAOMI-W dropped by 2.23%; most Securities and Brokerage stocks declined, China Merchants fell by 2.96%, China International Capital Corporation dropped by 2.45%; most Apple Supplier stocks declined, TK GROUP HLDG rose by 3.45%, AAC TECH fell by 2.86%.

Futu NewsDec 16 12:19

Major rating丨Morgan Stanley: Leading cement manufacturers should benefit from new supply regulations, raising the Target Price for CR BLDG MAT TEC and WESTCHINACEMENT.

Gelonghui, December 16 | Morgan Stanley published a research report stating that after significant losses in the first half of the year, the Cement Industry has made adjustments, and production control policies should help avoid oversupply of cement and improve industry consolidation. The bank believes that leading cement manufacturers should benefit from new supply regulations and that cement will not be affected by potential trade competition. Morgan Stanley indicated that the volume of starts and completions in the housing sector may continue to decline next year. New Infrastructure and industrial investments may grow moderately, which could lead to weak demand for Building Materials in the later stages. Additionally, leading manufacturers have become more cautious in their sales policies. The bank has downgraded China Resources Cements.

Gelonghui FinanceDec 16 10:56 · Ratings