China Resources Building Materials Technology Holdings Ltd
01313: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| @.> | LOCK|@> | LOCK|Q@?<Dl |
China Resources Building Materials: Lowering Valuation by 12% Due to Profit Decline in 2024
China Resources Building Materials has forecast that its 2024 net profit will decline by 62%-72% year on year. This would be due to lower gross margins in businesses other than cement and concrete, the absence of a one-off disposal gain from 2023, and increased asset impairment in 2024.
