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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.
Jefferies Adjusts West China Cement's Price Target to HK$2 From HK$2.41, Keeps at Buy
WESTCHINACEMENT (2233.HK): Expecting overseas high elasticity to materialize in 2025.
The company released the 2024 annual report: achieving revenue of 8.33 billion yuan, a year-on-year decrease of 7.5%; gross profit was 1.97 billion yuan, a year-on-year decrease of 19.8%; net income was 0.626 billion yuan, a year-on-year increase of 48.6%.
Hong Kong stock movement | WESTCHINACEMENT (02233) rose over 3% with annual attributable profit to owners increasing by 48.6% year-on-year. The Ethiopian Business was below expectations.
WESTCHINACEMENT (02233) rose over 3%, as of the time of writing, it increased by 2.68%, trading at 1.53 HKD, with a turnover of 27.0228 million HKD.
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%.
Morgan Stanley: WESTCHINACEMENT (02233) slightly outperforms initial expectations for the 2024 performance.
The final dividend for WESTCHINACEMENT is 0.034 yuan per share, which means the payout ratio is flat year-on-year at 30%, and the dividend yield is 2.5%.