Hong Kong Stock Movement | Cement stocks extend declines; China National Building Material (03323.HK) falls nearly 5%. Cement prices may remain in a volatile adjustment trend in the near term.

Cement stocks extended their declines in the afternoon session. As of the time of writing, China National Building Material (03323.HK) fell 4.62% to HKD 4.96; Anhui Conch Cement (00914.HK) dropped 3.46% to HKD 22.88; Western Cement (02233.HK) declined 3.26% to HKD 2.97; and CR Building Materials Technology (01313.HK) slipped 1.89% to HKD 1.56.

Zhitong FinanceDec 9 13:43

HSBC Research's Investment Ratings and Target Prices for Commodity Stocks (Table)

HSBC Research published a research report, providing the following table of investment ratings and target prices for raw material stocks: Stock | Investment Rating | Target Price (HKD) Diversified Mining Luoyang Molybdenum (03993.HK) | Hold | 7.6 yuan Aluminum China Hongqiao (01378.HK) | Buy | 37.4 yuan Aluminum Corporation of China (02600.HK) | Buy | 12.3 yuan Copper Jiangxi Copper (00358.HK) | Hold | 13 yuan Minmetals Resources (01208.HK) | Hold | 3.2 yuan Zijin Mining (02899.HK)

AASTOCKSDec 5 11:37

HSBC Research, in its coverage of the China materials sector, has expressed the strongest preference for aluminum and recommends buying Hongqiao (01378.HK) and Chalco (02600.HK).

HSBC Research released its monthly commodities report, noting that strong demand and tight supply have kept base metal prices robust. Given the strained market supply-demand balance, there may be further upside risks to prices. Among China's materials sector, the bank is most optimistic about aluminum; it also favors gold in the current macroeconomic context and holds a positive long-term outlook for construction materials. HSBC Research pointed out that looking ahead to next year, the fundamentals of the aluminum industry are trending toward strength. Combined with China’s production capacity cap limiting domestic supply growth and modest increases in overseas supply, annual growth is projected at 0.5% and 3%, respectively. Accordingly, the bank has raised its aluminum price forecasts for 2026 and 2027.

AASTOCKSDec 5 10:47

HK Stocks Concept Tracker | Traditional 'Anti-Inner-Scroll' Reshapes the Landscape; Cement Capacity Reduction Expected to Accelerate (with Related Stocks)

TF Securities: In the short term, the cement industry exhibits strong profitability support at its bottom.

Zhitong FinanceDec 4 08:12

GF Securities: Expectations for Property Policies Re-emerge, Emphasize Bottom Configuration Opportunities in Building Materials

The holdings and valuations of the building materials sector remain at historical lows, while pessimistic expectations regarding real estate activity and short-term fundamentals may have been continuously digested.

Zhitong FinanceNov 25 11:05

Cement stocks lead gains as industry revenue declined in the first three quarters but profits improved; the process of reducing cement overcapacity is expected to accelerate.

November 20th news: Cement stocks are among the top gainers. As of press time, Shan Shui Cement has surged nearly 6%, China National Building Material has risen nearly 3%, while Anhui Conch Cement and Dongwu Cement have both increased by over 2%.

Zhitong FinanceNov 20 14:35