China National Building Material slips to 2-year low on weak forecast
15/10/2026 03:46
BUZZ-China National Building Material slips to 2-year low on weak forecast ** Shares of China National Building Material 3323.HK slip 3.9% to HK$2.93, their lowest point since October 2024
** Stock posts its biggest intraday pct decline since September 2
** The China-based producer of cement, concrete and lightweight building materials expects to post 760 million yuan ($113.57 million) loss for the nine-month period ended in September, compared with 2.96 billion yuan profit the same period in 2025
** The decline is due to a drop in its products prices, decrease in sales volume of cement, concrete and gypsum board, and higher asset impairment loss, company says
** YTD, stock down 42.6%, benchmark Hang Seng Index .HSI down 6.2%
($1 = 6.6917 Chinese yuan)
(Reporting by Donny Kwok)
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