Changes in Hong Kong stocks | Cement stocks had the highest increase in East China cement prices, and industry collaborated to raise prices in the off-season, which is expected to support profits in the second half of the year

The Zhitong Finance App learned that cement stocks had the highest gains. As of press release, China Building Materials (03323) rose 8.62% to HK$3.15; Jinyu Group (02009) rose 6.85% to HK$0.78; Conch Cement (00914) rose 4.47% to HK$22.2; and Huaxin Cement (06655) rose 4.03% to HK$7.74.

According to the news, according to Digital Cement Network, prices in the national cement market continued to rise sharply month-on-month last week, with an increase of 4.2%. The price increase was mainly concentrated in East China, Central South and Southwest China, with a range of 10-100 yuan/ton. Since cement companies in various regions, especially in the southern region, continue to lose money, they will continue to rise in the later stages in order to increase profits and increase prices drastically by increasing production and industry self-regulation. In addition, from October 11th to 12th, some major manufacturers in western Guangdong and the Pearl River Delta region once again announced an increase in the price of bulk cement by about 20-30 yuan/ton, but the specific implementation situation remains to be seen.

Everbright Securities believes that with the implementation of false peak production cuts and the arrival of the peak construction season, the introduction of improved housing and infrastructure policies, and the gradual implementation of subsequent carbon reduction policies, Huadong Cement's price increase is expected to be consolidated. Price increases in other regions are expected to be followed up one after another, and corporate profit recovery can be expected. Societe Generale Securities pointed out that cement profits bottomed out in the first half of the year, and industry collaboration to raise off-season prices is expected to support profits in the second half of the year.