Chinese-funded cement stocks bottom up rub-pass material push the new deal positive

China's main cement stocks this morning to the bottom of the rebound, Chinese building materials (03323-HK) significantly higher after the fall of consolidation, a half-day rise of 0.89% to 15.92 Hong Kong dollars, 7.18 million shares, Conch Cement (00914-HK) also rose 0.6% to 50.1 Hong Kong dollars, deal 864,100 shares.　　J.P. Morgan commented that the target price for Chinese building materials was HK $22, a premium of 38% per cent over market value, and a target price of HK $70 for conch cement, or 40% per cent premium. JPMorgan said in detail that as the cement industry's capacity investment surged 79% per cent from the previous year, but demand grew by only 13% per cent, the government was investigating potential overheating in the cement industry and could introduce new policies to limit capacity growth. Constraining capacity growth is good news for the cement market, especially in eastern and southern China.