600585 Anhui Conch Cement
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Anhui Conch Cement News
Morgan Stanley: Upgrades conch cement (00914) to a "shareholding" rating with the target price raised to 24.5 Hong Kong dollars.
Morgan Stanley has lowered its earnings per share forecast for conch cement to 1.66 yuan, 2.11 yuan, and 2.09 yuan for 2024 to 2026.
Major firms rating | Morgan Stanley: Raises conch cement target price to HKD 24.5, showing good earnings visibility.
Grey Finance November 25th | Morgan Stanley released a research report stating that in response to the decline in clinker and cement shipments by 10% year-on-year since the fourth quarter of this year, Conch Cement has also lowered its full-year shipment forecast accordingly. The forecast for 2025 to 2026 is expected to slightly decline due to the benchmark year-on-year changes. Therefore, Morgan Stanley has reduced its earnings forecasts per share for Conch Cement in 2024 to 2026 by 7.7%, 6.4%, and 6.2% respectively, to 1.66 yuan, 2.11 yuan, and 2.09 yuan. According to the management's downward guidance on capital expenditure, Morgan Stanley has also reduced the AH premium calculated based on market price to 35%, thereby adjusting the H-share target price from the original.
Morgan Stanley lowers the premium of Anheuser-Busch (00914.HK) ah stocks, while the target price for listed in hong kong shares is raised to 24.5 yuan.
Morgan Stanley published a research report indicating that due to Conch Cement (00914.HK) experiencing a 10% year-on-year decline in clinker and cement shipments from the fourth quarter of this year to date, it has correspondingly lowered its full-year shipment forecast. The forecast for 2025 to 2026 is expected to decline slightly due to annual changes in the base, thus currently, Morgan Stanley has lowered its earnings per share estimates for Conch Cement for 2024 to 2026 by 7.7%, 6.4%, and 6.2%, to 1.66 yuan, 2.11 yuan, and 2.09 yuan respectively. Based on the management's reduction of capital expenditure guidance, Morgan Stanley has also adjusted the AH premium to 35% according to market price, and the target price for the listed in hong kong shares is due to.
Anhui Conch Cement Reports Decline in Q3 Earnings
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.
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.
Anhui Conch Cement Revises Logistics Contract Cap
Hong Kong stock concept tracking | Cement enterprises in Shandong Province will stagger production for 120 days starting from November 15. The cement industry is expected to see a simultaneous increase in quantity and price (with concept stocks attached).
The cement industry is expected to usher in a turning point where both quantity and price rise in the fourth quarter.
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.
Conch Cement (00914.HK) received a shareholding of 0.7736 million H-shares by JPMorgan, worth approximately 17.3394 million Hong Kong dollars.
Reported on November 8th, according to the documents disclosed by the Hong Kong Stock Exchange on November 8th, jpmorgan Chase & Co. increased its shareholding in conch cement (00914.HK) by a total of $0.7736 million H shares, with an average on-exchange price of 22.4148 Hong Kong dollars per share and an average off-exchange price of 22.4031 Hong Kong dollars per share, totaling approximately 17.3394 million Hong Kong dollars. After the shareholding increase, jpmorgan's latest number of shares held is 65.3647 million shares, and its stake percentage increased from 4.97% to 5.02%. Image Source: HKEX Shareholding Disclosure
Shenyin Wanguo: Profit decline narrows in the building materials industry in Q3 2024, significant improvement in profit for the cement sector.
In the third quarter, the building materials industry achieved revenue of 175.45 billion yuan, (yoy-9.0%, qoq-8.3%), net income attributable to the parent company was 6.45 billion yuan (yoy-32.0%, qoq-17.0%), gross margin in the third quarter was 18.2% (yoy-0.9pct, qoq-0.3pct), net margin was 4.09% (yoy-0.9pct, qoq-0.03pct).
Express News | Morgan Stanley: Trump reappears and seeks opportunities in volatility, with Taiwan Semiconductor, Yum China, Conch Cement, Xpeng, and Xiaomi as top picks.
[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.
Conch Cement (600585): Expecting price increase flexibility to be released in Q4 24.
The company disclosed its 3rd quarter report, with revenue of 68.15 billion yuan for the first three quarters of 2024, a year-on-year decrease of 31.27%, and a net income of 5.198 billion yuan, a year-on-year decrease of 40.05%. Attribution for the third quarter
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.
Conch Cement (00914.HK) received a JPMorgan shareholding of 1.6151 million shares.
According to the latest equity disclosure information from the Hong Kong Stock Exchange on November 4, 2024, Conch Cement (00914.HK) saw JPMorgan Chase & Co. increasing its shareholding by acquiring 1.6151 million shares at an average price of 22.1442 Hong Kong dollars per share on October 29, 2024, involving approximately 35.7653 million Hong Kong dollars. After the increase, JPMorgan Chase & Co. now holds a total of 66,092,361 shares, increasing its shareholding percentage from 4.96% to 5.08%.
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