该行将中国建材今年经常性亏损预测调低84%，未来两年亦调低34%至41%，以反映对水泥及预拌混凝土的利润率有更大幅度的调整，以及大多数新材料的平均售价及利润率前景疲弱。该行预计中国建材今年下半年至2026年水泥利润率仍将维持在低位，将为每吨33元的低位。China Building Materials (03323) fell more than 4%, as of the time of publication, it fell 4.07%, to 2.12 Hong Kong dollars, with a turnover of 24.2983 million Hong Kong dollars.
According to the WiseTongue Finance APP, China Building Materials (03323) fell more than 4%, as of the time of publication, it fell 4.07%, to 2.12 Hong Kong dollars, with a turnover of 24.2983 million Hong Kong dollars.
Goldman Sachs released a research report pointing out that China Building Materials had a recurring loss of 1.7 billion yuan in the first half of the year after excluding one-time items, which was lower than the bank's and the market's expectations. The company was affected by non-core revenue and higher-than-expected tax expenses. Due to the downward risks faced by all business areas of the company, the momentum of losses is expected to continue, therefore, the company's rating has been downgraded from "buy" to "neutral", and the target price has been greatly reduced from 5 Hong Kong dollars to 2 Hong Kong dollars.
The bank lowered its forecast for China Building Materials' recurring loss for this year by 84%, and also lowered it by 34% to 41% for the next two years, to reflect greater adjustments in the profitability of cement and ready-mixed concrete, as well as weak average selling prices and profit margins for most new materials. The bank predicts that China Building Materials' cement profitability will remain low in the second half of this year until 2026, with a low of 33 yuan per ton.
