China Resources Cement Holdings (HK:1313) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Resources Cement Holdings warns of a significant profit drop, expecting a decrease of 47% to 57% for the nine months ended September 2024 compared to the same period in 2023. The slump is mainly due to lower selling prices for cement and concrete. Investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:1313 stock, check out TipRanks’ Stock Analysis page.
