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Building Materials
CP20041.HK
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Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a rating of "Overweight."

Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a probability of 70% to 80%, rating it as "Overweight," with a target price of 6.51 yuan. Bloomberg reported that the Chinese government is considering introducing new real estate stimulus measures, including providing mortgage subsidies, increasing the income tax rebate limit for mortgage borrowers, and reducing housing transaction costs. If true, this will benefit Chinese building materials companies

AASTOCKS·
HK
03323
-3.45%
AASTOCKS·
HK
03323
-3.45%

The Hang Seng Index closed up 0.02%, while the Hang Seng TECH Index fell 0.58%

CNBM rose over 2%, Midea Group, JD HEALTH, and ALI HEALTH rose over 1%; home appliances, retail, and building materials led the gains, while electrical equipment, coal, and hardware equipment saw the largest declines; southbound funds net bought HKD 15.992 billion

36Kr·
HK
00241
-4.46%
HK
STECH
-3.21%
SZ
000333
+1.04%
36Kr·
HK
00241
-4.46%
HK
STECH
-3.21%
SZ
000333
+1.04%

Anhui Conch Cement (OTCMKTS:AHCHY) Sees Unusually-High Trading Volume - Time to Buy?

Anhui Conch Cement (OTCMKTS:AHCHY) experienced a significant increase in trading volume, with shares rising 0.6% to $15.65. The stock's 50-day and 200-day moving averages are $15.23 and $14.43, respectively. The company reported $0.26 EPS and $2.80 billion in revenue for the last quarter. Despite a strong buy rating, analysts suggest other stocks may offer better investment opportunities.

Market Beat·
SH
600585
-1.12%
HK
00914
-2.48%
Market Beat·
SH
600585
-1.12%
HK
00914
-2.48%

BBMG Vice President Resigns

BBMG announced that due to job changes, Kong Qinghui has resigned from the position of deputy general manager of the company, but will continue to serve as the deputy secretary of the company's party committee, effective from the day before (10th)

AASTOCKS·
SH
601992
-3.47%
HK
02009
-4.94%
AASTOCKS·
SH
601992
-3.47%
HK
02009
-4.94%

BBMG Corporation Announces Board of Directors and Committee Roles

BBMG Corporation has announced the composition of its board of directors, detailing the roles and functions of each member, including the Audit and Risk Committee, Remuneration and Nomination Committee, and Strategic Committee. This update is significant for stakeholders as it clarifies governance and strategic oversight. The current analyst rating for BBMG (HK:2009) is a Hold with a price target of HK$0.70. The company operates in China and has a market cap of HK$17.92B.

Tip Ranks·
SH
601992
-3.47%
HK
02009
-4.94%
Tip Ranks·
SH
601992
-3.47%
HK
02009
-4.94%
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