Bank of China International: Raised the Target Price of CNBM (03323) to HKD 4.83, reaffirming the "Buy" rating.

The bank has raised its profit forecasts for this year and next year by 47% and 51% respectively, mainly reflecting an increase in the predicted unit gross profit for Cement and clinker.

Zhitong FinanceApr 3 11:50 · Ratings

CHINA NATIONAL BUILDING MATERIAL(3323.HK):BENEFIT FROM EXPECTED RECOVERY OF UNIT GROSS PROFIT PER TONNE

Apr 2 14:18

Hong Kong stocks movement | CNBM (03323) rose over 3%, annual Shareholder attributable profit decreased by 38.2% year-on-year, active price recovery in the Industry drove the Cement price restoration.

CNBM (03323) rose over 3%, up 3.72% as of the time of writing, priced at 4.18 HKD, with a transaction amount of 36.5868 million HKD.

Zhitong FinanceApr 2 10:10

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.

Zhitong FinanceApr 2 08:23

China National Building Material Clocks 38% Drop in 2024 Profit

MT NewswiresMar 31 19:55

HTSC raises the Target Price for China National Building Material (03323.HK) to 4.79 yuan, maintaining a "Buy" rating.

HTSC published a report indicating that CNBM (03323.HK) achieved revenues of 181.301 billion yuan last year, a year-on-year decrease of 13.8%, with a net profit of 2.39 billion yuan, down 38.2% year-on-year; in the fourth quarter, a single-quarter revenue of 47.067 billion yuan was realized, declining 7.05% year-on-year and 7.3% quarter-on-quarter. The annual revenue pressure is mainly due to the imbalance of supply and demand in the Cement Sector, but the growth momentum of the New Materials and engineering technical services Sector remains strong, maintaining a 'Buy' rating. The firm raised its earnings per share estimates for the next two years by 6.7% and 13% respectively, to 0.55 yuan and 0.68 yuan.

AASTOCKSMar 31 15:59