03323 CNBM
- 3.300
- +0.070+2.17%
CNBM News
Citic sec consumer building materials 2025 investment strategy: Profit margin and valuation level usher in mean reversion.
With the policy of "promoting the stabilization of the real estate market" as the core goal, achieving this goal is of great significance for the valuation repair of the consumer building materials sector.
Hong Kong stock abnormal movement | Cement stocks generally rise, westchinacement's stock price rises more than 9% in the afternoon, and cement prices are raised in many places.
November 20th, westchinacement's increase expanded to over 9%, cnbm rose by 1.8%, bbmg corporation rose by 1.2%, conch cement and asia cement all trading in the green. In terms of news, according to the datacenter information from China Cement Net, market feedback indicates that due to off-peak production halts in Hunan, inventory levels are relatively low, and various enterprises have a strong willingness to raise prices. Starting on the 15th, various enterprises plan to notify Changsha-Zhuzhou-Xiangtan and Chenzhou areas to raise cement prices by 50 yuan/ton again. Galaxy Securities research reports mentioned that in October, demand continued to recover, cement prices rose, with the main reasons for the price increase being profit pressure driven by effective off-peak production and supply-demand dynamics.
HK stocks saw unusual movements, with infrastructure stocks beginning with middle letter collectively strengthening, as the CSRC released new guidelines for market cap management.
Glory 11月18日 | The 'Zhongtegu' concept stocks in the Hong Kong stock market collectively strengthened today, with low valuation infrastructure and construction stocks leading the gains. As of now, China Railway Construction Corporation rose by more than 8%, Metallurgical Corporation of China rose by more than 7%, China Railway, CNBM rose by more than 6%, China Comm Cons rose by 4%, CRRC Corporation and China Railway Signal & Communication Corporation rose by more than 2%. On the news front, on November 15, the China Securities Regulatory Commission issued 'Listed Company Supervision Guidelines No. 10 - Market Cap Management', which will be implemented from the date of publication. The guidelines require listed companies to improve their company quality, enhance operational efficiency and profitability, and combine with actual circumstances in accordance with the law.
HK stocks surged, with cement stocks leading the gains. Cement prices in October continued to rise compared to previous month, institutions said there is still a significant room for recovery in cement PB ratio.
Cement stocks rose at the front, as of the deadline, CNBM (03323) rose by 7.96%, closing at 3.39 Hong Kong dollars; BBMG Corporation (02009) rose by 6.33%, closing at 0.84 Hong Kong dollars; Conch Cement (00914) rose by 5.35%, closing at 21.65 Hong Kong dollars; huaxin cement (06655) rose by 3.31%, closing at 7.8 Hong Kong dollars; westchinacement (02233) rose by 3.13%, closing at 1.32 Hong Kong dollars.
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.
Hong Kong stock concept tracking | Notices from multiple places including hunan and shaanxi indicate an increase in cement prices. The cement industry is experiencing positive changes in the fourth quarter (attached concept stocks).
In October, demand continues to recover, cement prices are rising. The main reasons for the price increase are driven by profit pressure and better implementation of off-peak production in the industry, leading to an improved supply and demand situation.
Hong Kong stocks fluctuate | Cement stocks fell across the board in the afternoon, cement production hit a new low again. Institutions expect more supply control policies to be introduced in the future.
Cement stocks fell in the afternoon. As of the time of this report, cnbm (03323) was down 4.76%, trading at 3.2 Hong Kong dollars; westchinacement (02233) fell 3.01%, trading at 1.29 Hong Kong dollars; conch cement (00914) decreased by 2.8%, trading at 20.85 Hong Kong dollars; cr bldg mat tec (01313) declined by 2.55%, trading at 1.91 Hong Kong dollars.
HSBC Research downgrades the target price of Conch Cement (00914.HK) to 27.4 yuan, while raises the target price of CR Bldg Mat Tec (01313.HK) to 2.4 yuan.
HSBC research report indicates that mainland cement prices continue to rise due to supply-side control and seasonal demand improvement, while new production capacity replacement regulations set stricter limits on excess production, helping accelerate industry consolidation. The bank expects that under continued supply control, profits will improve, preferring conch cement (00914.HK) h shares and cr bldg mat tec (01313.HK). HSBC research predicts that demand will continue to decline; however, there have been positive and sustainable changes on the supply side, mainly due to industry participants willing to cooperate to maintain reasonable gross margins. This will be for the fourth quarter of 2024 and 2025.
Express News | Zhang Guoqing: It is necessary to promote the "three concentrations" of state capital, encourage state-owned enterprises to further emphasize their main businesses and focus on the real economy, serving as long-term capital, patient capital, and strategic
Guolian Securities: Cement "off-season not light" in 24Q3, price center may continue to rise
In the third quarter of 2024, in most regions, the staggered increase in cement intensity continues to increase, with the industry's supply and demand situation gradually improving. Cement prices continue to rise slightly, showing a certain "off-season not light" characteristic. Both industry profits on a month-on-month and year-on-year basis have improved.
Hong Kong stock abnormal | Cement stocks rose today, with new revised capacity replacement implementation methods accelerating capacity clearance and stabilizing demand-side growth efforts.
Cement stocks rose across the board today. As of the time of publication, CNBM (03323) rose by 6.05% to HK$3.68; cr bldg mat tec (01313) rose by 5.39% to HK$2.15; westchinacement (02233) rose by 3.42% to HK$1.21; huaxin cement (06655) rose by 2.96% to HK$8.7.
Cnbm (03323.HK): Zeng Xuan resigned as the employee representative supervisor.
Gelonghui, November 6th - China National Building Material (03323.HK) announced that the company's board of supervisors received Ms. Zeng Xuan's written resignation on November 6, 2024. Ms. Zeng resigned as a staff representative supervisor due to job adjustment.
[Brokerage Focus] citic sec believes that the demand for the cement industry is expected to be in a downward trend in the medium to long term.
Jingu Financial News | Citic Securities stated that the cement industry's demand is expected to be in a downward phase in the medium to long term, with future industry changes focusing more on the supply side. In 2016, the supply-side reform of the cement industry led to a significant decrease in new cement clinker production capacity, but the speed of eliminating outdated capacity was slower than expected, and the industry still faces widespread overcapacity issues. Since 2024, cement demand has dropped significantly, with the industry suffering severe losses. The Ministry of Industry and Information Technology has revised and issued the "Cement Glass Industry Capacity Replacement Implementation Measures (2024 Edition)" in hopes of accelerating the clearance of over 0.3 billion tons of outdated cement clinker production capacity, reducing actual capacity from 2.1 billion tons to the designed capacity of 1 billion tons.
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Express News | CNBM: Completed the issuance of 2 billion yuan corporate bonds.
Building materials cement stocks are weak. Conch Cement (00914) fell by 3.34%. In late October, the national cement market demand slightly weakened compared to the previous month.
Kingwu Financial News | Building materials cement stocks were weak, with Conch Cement (00914) falling by 3.34%, Huaxin Cement (06655) falling by 2.39%, Westchinacement (02233) falling by 1.6%, Asia Cement (China) (00743) falling by 1.26%, CNBM (03323) falling by 0.6%. GTJA stated that in late October, the national cement market demand slightly weakened compared to the previous month, mainly due to the northern regions entering the off-season one after another, about to start the winter staggered production cycle; demand in the southern regions remained stable in order to improve profits during the final demand period, continuing to drive prices up.
The coupon rate of the fifth series of cnbm's technology innovation corporate bonds in 2024 is 2.30%.
CNBM (03323) announced that in 2024, the company will publicly issue technology innovation bonds (fifth tranche) targeting professional investors, with a issuance size of up to 2 billion yuan. This series of bonds is divided into two types, with Type 1 having a maturity of 3 years and Type 2 having a maturity of 5 years. The series introduces an inter-type clawback option, with no restrictions on the clawback ratio. The issuer and the bookrunner will negotiate and decide whether to exercise the inter-type clawback option based on the subscription situation within the total issuance size. On October 30, 2024, the issuance will take place.
cnbm (03323) 2024 technology innovation enterprise bond index (fifth tranche) variety a's coupon rate is 2.30%.
cnbm (03323) announced that the company will publicly issue technology innovation companies for professional investors in 2024...
Hong Kong stock concept tracking|Real estate market transaction active, institutions highly concerned about cement supply side reform (with concept stocks)
The building materials sector as a whole is still in the slow recovery phase at the bottom, with valuations and positions also at low levels.
CNBM (03323) plans to issue csi enterprise bond index of no more than 2 billion yuan.
cnbm (03323) announced that the company plans to issue China National Building Materials Co., Ltd. 2024 targeted at professional investors...
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