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Metallurgical Corporation of China (01618.HK) plans to participate in the 2024 semi-annual collective business performance briefing of China Minmetals Group Holding listed companies.
On September 19, GLH announced that Metallurgical Corporation of China (01618.HK) has released its 2024 interim report on August 30, 2024. In order to provide investors with a more comprehensive understanding of the company's production, operation, and business prospects for the first half of 2024, the company will participate in the 2024 interim collective performance presentation of China Minmetals Corporation (hereinafter referred to as "China Minmetals"), the indirectly controlling shareholder, on September 27, 2024 from 14:30 to 16:30. This collective performance presentation of listed companies will be broadcasted via video.
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
HK stock anomaly | Metallurgical Corporation of China (01618) rose more than 5%, leading the infrastructure stocks. Special bond issuances for the third quarter are expected to improve subsequent physical infrastructure.
Infrastructure stocks rebounded collectively. As of the time of writing, Metallurgical Corporation of China (01618) rose by 5%, closing at HKD 1.26; CRRC Corporation (01766) rose by 4.62%, closing at HKD 4.53; China Railway (00390) rose by 2.58%, closing at HKD 3.18; China Railway Construction Corporation (01186) rose by 1.86%, closing at HKD 4.39.
Announcement selection | In the past 4 months, Cai Chongxin increased his shareholding in Alibaba by approximately 1.45 million shares; Metallurgical Corporation of China's new overseas contract amount increased by more than 80% this year.
China Shenhua Energy: The coal sales volume from January to August was 0.308 billion tons, a year-on-year increase of 4.7%; Ping An Insurance: The total original insurance contract premium income from January to August was approximately 620.706 billion yuan, a year-on-year increase of 7.64%.
Express News | Metallurgical Corporation of China: The newly signed contract amount from January to August is 831.05 billion yuan.
CICC: Cement demand is expected to marginally improve, while the supply and demand of float glass still needs to be rebalanced.
Due to slow recovery in infrastructure work volume and real estate demand, as well as the increased emphasis on operational quality in the business strategy of construction and building materials companies, this is manifested as a refusal to provide financing and intensified competition for high-quality projects. In 2Q24, the overall revenue and profit of construction and building materials companies were under pressure.
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