According to the Wisdom Finance APP, West Chinacement (02233) rose more than 5% during trading, with a 3.64% increase as of the time of writing, at HKD 1.14, with a turnover of 6.7298 million HKD.

Tianfeng Securities previously released a research report which stated that West Chinacement's overseas business income has been increasing every year. In 2023, the company's overseas income/overflow profits reached 2.77/1.015 billion yuan, with a YoY growth of 145%/197%, accounting for 31%/74% of the total respectively. The company is bullish about the future contribution of its overseas business.

The bank pointed out that the company's first overseas cement project is located in Mozambique, and its production capacity has gradually expanded in recent years. In Africa, the countries selected by the company are among the top 20 populous countries in the region, with strong local economic support for construction and broad demand for cement. It is expected that as the company's production capacity gradually lands in various parts of Africa in the future, it will be able to enter the Top 10 and its market share will be greatly increased. In Central Asia, the company has selected Uzbekistan as the location; the current competition in the Uzbek cement market is fierce, but after the company begins production, it is expected to occupy a large market share and secure a leading position.