Tailam Tech Construction Arm, Anhui Conch Cement Units Sign Cement Products Deal
TAILAM TECHCON (06193.HK) subsidiary Jiangsu TAILAM has signed a Global Strategy cooperation agreement with three companies under CONCH CEMENT.
On January 21, Gelonghui reported that TAILAM TECHCON (06193.HK) announced that on January 21, 2025, its indirect wholly-owned subsidiary TAILAM TECHNOLOGY (Jiangsu Nantong) Co., Ltd. ("Jiangsu Tailam") entered into a strategic cooperation agreement with CONCH CEMENT in three subsidiaries in the Shanghai area of China ("Conch Subsidiaries"). According to the strategic cooperation agreement, the Conch Subsidiaries agree to give priority to supplying cement, sand and gravel aggregates, and concrete additives (collectively referred to as "cement products") to Jiangsu Tailam under the same conditions in the same region, and Jiangsu Tailam agrees to give priority to procuring from the Conch Subsidiaries under the same conditions in the same region.
CONCH CEMENT (00914): Forfeiture of unclaimed dividends.
CONCH CEMENT (00914) released an announcement, according to Article 173 (1) of the Articles of Association of Anhui CONCH CEMENT Co., Ltd...
Quick look at the Hong Kong market | The three major Indices have risen for 4 consecutive days! The Semiconductors and Communication Equipment Sectors performed strongly, with Semiconductor Manufacturing International Corporation rising over 9% and ZTE in
Network Technology stocks rose, with JD-SW up 4.71% and NTES-S down 2.04%; Building Materials stocks went up, with SK TARGET down 18.10% and WESTCHINACEMENT up 4.79%; Nonferrous Metals stocks performed well, with CHINAHONGQIAO up 5.14% and CMOC Group Limited up 3.00%.
Hong Kong stock midday review | The three major Indices showed mixed results, with the Tech Index rising over 1%; Semiconductors and Network Technology performed well, with Semiconductor Manufacturing International Corporation increasing by more than 10%
Network Technology stocks showed mixed performance, with JD-SW rising by 4.21% and NTES-S falling by 2.74%; Nonferrous Metals stocks generally rose, CHINAHONGQIAO increasing by 5.80% and ZHAOJIN MINING rising by 2.97%; Building Materials stocks moved higher, with SK TARGET dropping by 8.10% and WESTCHINACEMENT rising by 5.48%.
Dongxing Securities: The government's procurement of green building materials is expanding, accelerating the optimization of the supply side.
The government's increase in the scope and intensity of procurement for green building materials aligns with the industry's policy of continuously eliminating outdated productive capacity.
Hong Kong Market Quick Review | Hong Kong stocks rose for the second consecutive day, with the Technology Index slightly increasing; Semiconductors and China Mainland Banking stocks generally rose, with Semiconductor Manufacturing International Corporatio
Network Technology stocks showed mixed results, with NTES-S up 4.03% and TENCENT up 1.33%. Semiconductors stocks rose, with Semiconductor Manufacturing International Corporation up 5.98% and Innosilicon down 4.17%. Nonferrous Metals stocks mostly declined, with Zijin Mining Group down 5.85% and CMOC Group Limited down 2.98%.
[Hong Kong Stock Connect] CONCH CEMENT (00914) rose by 3.44%. Institutions pointed out that the current construction materials Industry is still on the left side of the boom.
Jinwu Finance News | CONCH CEMENT (00914) stock price is improving repeatedly; as of the time of writing, it is reported at HKD 20.15, up by 3.44%, with a trading volume of HKD 97.7562 million. On the news front, GF SEC released a Research Report stating that the loose MMF environment and positive fiscal expectations provide strong support. More incremental policies are anticipated to follow, which will benefit the stabilization of the subsequent fundamentals. The investment opportunities in the building materials Sector are still viewed as Bullish. Currently, the building materials Industry is still in the early stage, but considering that various sectors are gradually bottoming out and industry leaders at the bottom have undergone stress testing with strong operational resilience. It is recommended to focus on companies with strong growth potential and large valuation elasticity.
Hong Kong Stock Market Midday Review | All three major indices rose, with the Hang Seng Index stabilizing above 19,000; chip and photovoltaic stocks performed well, with Semiconductor Manufacturing International Corporation rising nearly 5% and GCL TECH r
Network Technology stocks rose, NTES-S increased by 2.42%, TENCENT rose by 1.49%; Semiconductors stocks strengthened, SHEEN TAI fell by 6.52%, Semiconductor Manufacturing International Corporation rose by 4.84%; Nonferrous Metals stocks had many declines, Zijin Mining Group fell by 5.07%, CMOC Group Limited fell by 2.98%.
According to the Caixin Venture Capital Report: In December 2024, financing in the Carbon Neutrality sector reached 32.404 billion yuan, an increase of over ten times month-on-month, with the photovoltaic sector being the most active.
According to data from CaiLianShe Venture Capital, there were 96 private equity investment and financing events in the domestic Carbon Neutrality sector in December, an increase of 43.28% from 67 events last month; The total disclosed financing amount is approximately 32.404 billion yuan, an increase of 1091.77% from 2.719 billion yuan last month.
GF SEC: The Building Materials Sector is experiencing weak stability in the off-season, paying attention to bottom layout opportunities in the Sector.
More incremental policies are expected to follow, which will be beneficial for stabilizing the subsequent fundamentals. Continue to be Bullish on investment opportunities in the construction materials Sector.
Express News | Anhui Liuguo Chemical has won a bid for a million-ton gypsum order.
Major bank ratings丨Goldman Sachs: Expectation of stable recovery in cement and steel demand, upgrading the ratings of CONCH CEMENT and CNBM.
Gelonghui January 9 | Goldman Sachs published a Research Report stating that with the acceleration or stabilization of domestic demand and the regular recovery of supply, it will support corporate product pricing and profit margins. It is believed that the performance of most Chinese CSI Commodity Equity Index will improve compared to last year. The bank estimates that in 2025, demand for industrial metals such as Copper and Aluminum in China will generally decline by 3.5% to an increase of 3%, compared to a decline of 10.2% to an increase of 4.4% in 2024, showing significant improvement. Among them, industrial metals like Copper and Aluminum are expected to benefit from policy support for the growth in demand for Electric Vehicles, home appliances, Consumer Electronics, and the robust development of Wind Power and the grid.
Goldman Sachs' investment ratings and target prices for China's basic materials stocks (table)
Goldman Sachs published a research report, listing the investment ratings and Target Prices for Chinese basic materials stocks as follows: Stock | Investment Rating | Target Price (HKD) Angang Steel (00347.HK) | Neutral -> Sell | 1.1元 Maanshan Iron & Steel (00323.HK) | Sell | 0.6元 -> 1.1元 China Shenhua Energy (01088.HK) | Neutral | 28元 -> 30元 China Coal Energy (01898.HK) | Neutral -> Sell | 8.6元 -> 7.5元 YANKUANG ENERGY (01171.
Goldman Sachs upgraded the rating of CONCH CEMENT (00914.HK) and Aluminum (02600.HK) to "Buy" and downgraded the rating of Ansteel (00347.HK) and Zhongmei (01898.HK) to "Sell".
Goldman Sachs published a Research Report indicating that as domestic demand accelerates recovery or stabilizes, along with orderly recovery of supply, it will support product pricing and profit margins for companies. It is believed that most of China's CSI Commodity Equity Index will show improvement this year compared to last year. The firm estimates that in 2025, demand for China's CSI Commodity Equity Index will generally decline by 3.5% to increase by 3%, compared to a decline of 10.2% to an increase of 4.4% in 2024, showing significant improvement. Among them, Industrial Metals such as Copper and Aluminum are expected to benefit from policy support for the growth in demand for electric vehicles, home appliances, Consumer Electronics, as well as the robust development of Wind Power and the power grid. The firm also stated that infrastructure...
Express News | Market news: Anhui Conch Materials Technology's IPO on the Hong Kong Stock Exchange is priced at 3 HKD per share, issuing 0.145 billion shares.
Goldman Sachs has upgraded the ratings of CONCH CEMENT and CHINAHONGQIAO to neutral.
Gelonghui, January 8 | Goldman Sachs upgraded the rating of CONCH CEMENT A shares to neutral, with a Target Price of 27 RMB; the rating of CHINAHONGQIAO was also upgraded to neutral, with a Target Price of 10.50 HKD.
Express News | Goldman Sachs has upgraded the rating of CONCH CEMENT Listed in Hong Kong to Buy, with a Target Price of 27 HKD.
Hong Kong stocks are experiencing changes | Cement stocks are collectively retreating, and the prices of cement in East China have shown seasonal adjustments. Institutions indicate that the decline in cement demand is expected to narrow.
Cement stocks have collectively fallen. As of the time of writing, BBMG Corporation (02009) is down 5% to 0.76 Hong Kong dollars; CONCH CEMENT (00914) is down 4.83% to 18.92 Hong Kong dollars; CR BLDG MAT TEC (01313) is down 3.14% to 1.54 Hong Kong dollars; Huaxin Cement (06655) is down 1.79% to 7.69 Hong Kong dollars.
Anhui Conch Cement's 2025 Procurement Strategy Unveiled