On July 31, CNBM rose 5.14% in regular trading, trading at HK$3.85/share, with turnover of HK$51.16 million.
On the news front, multiple institutions recently issued research reports indicating that leading building materials companies have reached historically low valuations, with industry pricing showing signs of bottoming and entering a recovery trajectory. Concurrently, the company's subsidiaries China Jushi and Sinoma Science & Technology are fully benefiting from tight electronic cloth supply-demand dynamics, with electronic cloth prices having surged over 70% cumulatively since the beginning of the year. The fiberglass new materials segment continues to exhibit volume-price expansion, partially offsetting pressure from the traditional building materials division.
Citi previously placed CNBM on its 90-day upside catalyst watch list, reiterating a Buy rating with a target price of HK$7.30, noting that the stock has not yet fully reflected the valuation re-rating potential of its new materials assets.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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