The Research Report on Dongxing Securities Corporation Limited(601198) April 30 said that it maintained the highly recommended rating of Zhejiang Weixing New Building Materials Co.Ltd(002372) (002372.sz, latest price: 23.52 yuan). The reasons for rating mainly include: 1) the resonance between retail and engineering promotes the continuous recovery of demand, and the erosion of raw material prices on profits is not sustainable; 2) Strong downstream demand is sustainable; 3) The strategic direction of two wheel drive of retail and engineering is very clear; 4) Equity incentive will promote the effective implementation of the company’s strategy. Risk tip: the growth rate of real estate and infrastructure is lower than expected. The promotion progress of the new business of waterproof and water purification was less than expected.
AI comments: Zhejiang Weixing New Building Materials Co.Ltd(002372) in the past month, 22 research reports of securities companies have paid attention to it, including 13 purchases, 7 holdings and 2 strongly recommended. The average target price is 28.69 yuan, 5.17 yuan higher than the latest price of 23.52 yuan, and the average target price increases by 21.97%.
(Daily Economic News)
