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Citibank: Maintaining China Resources Cement Holdings (01313.HK) “Buy” Rating Target Price Reduction of 43.3% to HK$1.7
According to a research report, Citi lowered the target price of China Resources Cement Holdings (01313.HK) by 43.3%, from HK$3 to HK$1.7, lowered the company's profit forecast for 2024 and 2025 by 64% and 60%, and introduced a 2026 forecast. The average unit selling price (ASP) of reactive cement and other products decreased, but sales increased and maintained a “buy” rating.
Citibank: Maintaining China Resources Cement Holdings (01313) “Buy” Rating Target Price Reduction of 43.3% to HK$1.7
Citi lowered its profit forecast for China Resources Cement Holdings (01313) in 2024 and 2025 by 64% and 60%.
Changes in Hong Kong stocks | China Resources Building Materials Technology (01313) rose more than 10% in the first quarter, cement sales bucked the trend, and the contribution ratio of aggregate performance increased
The Zhitong Finance App learned that China Resources Building Materials Technology (01313) rose by more than 10%. As of press release, it had risen 9.68% to HK$1.36, with a turnover of HK$27.63 million. According to the news, China Resources Building Materials Technology announced its results for the first quarter of 2024, with a turnover of about 4.788 billion yuan, a year-on-year decrease of 5.6%; the company owner should have accounted for a loss of 28.874 million yuan, a year-on-year decrease of 3.69%. The consolidated gross margin for the period was 13.8%, up 1.8 percentage points from the previous year. This is mainly due to the year-on-year increase in aggregate sales during the period. According to CICC Research Report, 1Q24's total sales volume of cement clinker is about
China Resources Building Materials Technology (01313.HK): 1Q24 sales bucked the trend and boosted the rapid growth of the aggregate business
The results are basically in line with our expectations for 1Q24: revenue of 4.79 billion yuan, -5.6% year-on-year; net profit to mother of -0.28.9 billion yuan, compared to -0.30 billion yuan for the same period in 1Q23. Company 1Q24
CICC: Maintaining China Resources Building Materials Technology's (01313) “Outperform the Industry” Rating Target Price of HK$1.93
The Zhitong Finance App learned that CICC released a research report stating that while maintaining China Resources Building Materials Technology's (01313) “outperforming the industry” rating, the 2024/25E net profit of 676 million yuan/804 million yuan remained unchanged, with a target price of HK$193 million. The company announced 1Q24 results: revenue of 4.79 billion yuan, -5.6% year-on-year; net profit to mother of -0.28.9 million yuan, compared to -0.30 billion yuan for the same period in 1Q23. The company's 1Q24 performance is basically in line with this forecast. According to the report, the company's leading position in the region has been consolidated, and the aggregate business has entered a period of rapid growth. The company proposed “grab shares, stick to the bottom line,
CHINA RESOURCES BUILDING MATERIALS TECHNOLOGY HOLDINGS(01313.HK):1Q24 SALES VOLUME RISES DESPITE HEADWINDS;AGGREGATE BUSINESS GROWS RAPIDLY
1Q24 results largely in line with our expectationsChina Resources Building Mater
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