NEWS CENTER

Cement stock valuations are not at absolute lows.


Release time:

Sep 23,2011

News from China Broadcasting Network, Beijing, September 21 According to a report by the Voice of Economy "Trading Live", Guotai Junan analyst Sun Yuan was a guest on "Trading Live" on the 21st to interpret investment opportunities in cement stocks. Sun Yuan believes that the valuation of cement stocks is not at an absolute low. Moderator: We also see that the current two markets are relatively depressed, then the cement industry's entire industry PE is only 9 times, conch cement valuation is only 8 times, a brokerage research report also believes that the cement plate oversold for the follow-up to create a certain trading opportunities, what do you think? Do you agree with this view?

News from China Broadcasting Network, Beijing, September 21 According to a report by the Voice of Economy "Trading Live", Guotai Junan analyst Sun Yuan was a guest on "Trading Live" on the 21st to interpret investment opportunities in cement stocks. Sun Yuan believes that the valuation of cement stocks is not at an absolute low.

Moderator: We also see that the current two markets are relatively depressed, then the cement industry's entire industry PE is only 9 times, conch cement valuation is only 8 times, a brokerage research report also believes that the cement sector oversold for the follow-up to create a certain trading opportunities, what do you think? Do you agree with this view?

Sun Yuan: Well, the valuation of the cement industry, including cement, is relatively low. At that time, history was at a low level. In terms of the macro environment, the current environment is also in a pessimistic environment with relatively tight funds. If you compare this environment with the valuation of this industry, it may not be at an absolute low level, in fact, I think you may also see a relatively strong rebound in the cement plate in the past two days.

Moderator: At present, it is the first in the list of gains, and now the plate is up 5.69 percent.

Sun Yuan: So in fact, I also saw a lot of stocks in front of me. We think that the short-term decline may also be a little oversold. Therefore, we think that a rebound in the past two days is also expected. However, from the general trend, I may still personally feel that because the capital will be further tense in October, so I do not rule out that it will continue to move down in the future.

Moderator: In fact, we also see that from the performance of the interim report, the performance of the entire cement listed company is also good. The fundamentals of the industry have not deteriorated very much. The recent adjustment is also relatively deep, and there is also a demand for rebound., Is there a relatively safe margin at present?

Sun Yuan: As I said just now, it has rebounded to the top of the list. Personally, I think it will take about a day or two to rebound.

Host: It will take about a day or two to rebound. In fact, today is already the second day.

Sun Yuan: Yes, because I see a lot of conch and Huaxing may run to the limit, so in fact, from this weak market, I think if I am lucky enough to go in from a few days ago, I think this may be a better profit opportunity.

Moderator: Since that's it, may wish to remind you of the risk of tips, okay? The risk of the entire cement sector investment.

Sun Yuan: Well, in fact, in the early days, we also looked at the second quarter report and saw that it should be said that institutions are very good at increasing positions in individual stocks in the cement industry. I looked at the average possible circulation ratio of individual stocks compared with the first quarter report. It may increase by 10%. I think this is actually a very promising institution in the second quarter, however, in this weak situation, I do not rule out that from the perspective of stock price, the profit of some funds has been considerable, and some funds may have the idea of profit-taking. Therefore, I think the decline in the third quarter may also have something to do with funds. In addition, as I said just now, we are a little pessimistic about the fundamentals of the fourth quarter, I think the demand may not be able to come up, that is, this peak season is not prosperous, so under this rebound and this weak pattern, I think the rebound may be a good opportunity for everyone to cash in profits.