Stock Track | CNBM Stock Surges 11% as Investors Shrug Off Loss Guidance

Stock Track10-16

Shares of China National Building Material Company Limited (CNBM) soared by 11.03% on October 16, 2024, amid a volatile trading session for the Hong Kong-listed company.

The sharp rally came despite CNBM's warning earlier in the day that it expects to report a loss attributable to equity holders of around 700 million yuan for the first nine months of 2024, a significant reversal from the profit of 2.35 billion yuan in the same period last year. The company cited declining sales prices and volumes of its core products, as well as weaker performance from its associates, as the reasons for the anticipated loss.

While the negative earnings guidance initially weighed on CNBM's stock, investors appeared to shrug off the disappointing results, potentially betting on a stronger performance in the final quarter of the year or optimism about the company's prospects in 2025. Some analysts speculate that the expected loss may have been better than feared, leading to a relief rally in the stock.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1199677352?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-16 15:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1199677352","market":"hk","top_or_hot":-1,"title":"Stock Track | CNBM Stock Surges 11% as Investors Shrug Off Loss Guidance","media":"Stock Track","content":"<p>Shares of China National Building Material Company Limited (CNBM) soared by 11.03% on October 16, 2024, amid a volatile trading session for the Hong Kong-listed company.</p>\n\n<p>The sharp rally came despite CNBM's warning earlier in the day that it expects to report a loss attributable to equity holders of around 700 million yuan for the first nine months of 2024, a significant reversal from the profit of 2.35 billion yuan in the same period last year. The company cited declining sales prices and volumes of its core products, as well as weaker performance from its associates, as the reasons for the anticipated loss.</p>\n\n<p>While the negative earnings guidance initially weighed on CNBM's stock, investors appeared to shrug off the disappointing results, potentially betting on a stronger performance in the final quarter of the year or optimism about the company's prospects in 2025. Some analysts speculate that the expected loss may have been better than feared, leading to a relief rally in the stock.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CNBM Stock Surges 11% as Investors Shrug Off Loss Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CNBM Stock Surges 11% as Investors Shrug Off Loss Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-16 15:12 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of China National Building Material Company Limited (CNBM) soared by 11.03% on October 16, 2024, amid a volatile trading session for the Hong Kong-listed company.\nThe sharp rally came despite ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03323","symbol_name":"中国建材","start_time":0,"source_url":"","article_id":"1199677352","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199677352","pubTimestamp":1729062762,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of China National Building Material Company Limited  soared by 11.03% on October 16, 2024, amid a volatile trading session for the Hong Kong-listed company.The sharp rally came despite CNBM's warning earlier in the day that it expects to report a loss attributable to equity holders of around 700 million yuan for the first nine months of 2024, a significant reversal from the profit of 2.35 billion yuan in the same period last year. The company cited declining sales prices and volumes of it","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03323":"中国建材"},"translate_title":"由于投资者对损失指引不屑一顾，CNBM股价飙升11%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03323":1},"content_text":"Shares of China National Building Material Company Limited (CNBM) soared by 11.03% on October 16, 2024, amid a volatile trading session for the Hong Kong-listed company.\nThe sharp rally came despite CNBM's warning earlier in the day that it expects to report a loss attributable to equity holders of around 700 million yuan for the first nine months of 2024, a significant reversal from the profit of 2.35 billion yuan in the same period last year. The company cited declining sales prices and volumes of its core products, as well as weaker performance from its associates, as the reasons for the anticipated loss.\nWhile the negative earnings guidance initially weighed on CNBM's stock, investors appeared to shrug off the disappointing results, potentially betting on a stronger performance in the final quarter of the year or optimism about the company's prospects in 2025. Some analysts speculate that the expected loss may have been better than feared, leading to a relief rally in the stock.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1199677352"}