Publicado: Oct 11, 2023 18:16
CITIC Securities: Sales Recovery Still Needs Time and Cement Prices Have Risen. CITIC Securities Research Report pointed out that last week, the building materials sector underperformed the overall market, which may be related to the fact that sales after the relaxation of real estate policies were not as expected. According to the new and second-hand housing transaction data during the National Day holiday, the industry still needs time for recovery, and second-hand housing performance is better than new housing, it is expected that subsequent real estate sales still need to be supported by loose policies. Although consumer building materials companies are under pressure on the revenue side, from the mid-term performance, the leading consumer building materials companies can still achieve positive growth through channel optimization, category expansion and benefit from the decline in raw material prices. Looking forward to the third quarter, consumer building materials companies will still benefit from the above two logic points. In addition, since mid-September, cement prices have risen for three consecutive weeks, domestic cement market demand continues to increase slowly, it is recommended to pay attention to the investment opportunities in the cement sector in the short term.

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn