HK Stock Market Move | Cement stocks broadly rise; cement prices in multiple regions are raised in a concentrated manner; institutions are bullish on the emergence of bottom signals for the cement industry.

Cement stocks broadly rise. As of press time, Huaxin Building Materials Group (06655) rose 6.62% to HK$15.94; CONCH CEMENT (00914) rose 4.15% to HK$16.83; WESTCHINACEMENT (02233) rose 3.88% to HK$1.74; CNBM (03323) rose 2.88% to HK$3.04. On the news front, according to the Cement Network APP, recently, supported by the rebound in rush-work demand in the fourth quarter and off-peak production, cement prices in Hunan, Hainan, and Guangdong provinces were raised in a concentrated manner. Leading enterprises in Shaoyang, Hengyang, Zhang Jia Jie Tourism Group and other places in Hunan notified an increase of 30 yuan/ton; four brands in Haikou, Sanya and other places in Hainan raised prices by 30 yuan/ton; Tapai, Runfeng and other brands in Shantou, Meizhou, Shanwei and other places in Guangdong raised prices by 20 yuan/ton. In addition, Guangdong Province issued a rectification notice targeting the overproduction problem of cement clinker enterprises, requiring the implementation of daily production monitoring to curb production exceeding filed capacity. Industrial previously pointed out that in 2026, the cement industry will enter a low-level repair stage characterized by a narrowing decline in demand and strengthened supply governance, with profit recovery mainly coming from supply-side overproduction governance combined with off-peak production execution. Leading enterprises have certainty by virtue of advantages in cost, capital, governance, and overseas layout. The PB percentile valuation of the cement industry has reached a historical bottom range, and the bottom signal conveyed by price increases during the off-season is obvious. Among them, leading cement enterprises have cost advantages. On the premise of stabilizing and rebounding profits, the appeal of high dividends increases, and the allocation cost-effectiveness is high.