According to a research report, Citi lowered the target price of China Resources Cement Holdings (01313.HK) by 43.3%, from HK$3 to HK$1.7, lowered the company's profit forecast for 2024 and 2025 by 64% and 60%, and introduced a 2026 forecast. The average unit selling price (ASP) of reactive cement and other products decreased, but sales increased and maintained a “buy” rating.
花旗：维持华润水泥控股(01313.HK)“买入”评级 目标价削43.3%至1.7港元
Citibank: Maintaining China Resources Cement Holdings (01313.HK) “Buy” Rating Target Price Reduction of 43.3% to HK$1.7
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