Understanding the Market | CHINA LESSO rises over 6% as institutions are optimistic about the demand for municipal plastic pipes driven by pipeline network renovation
China Lesso rose over 6%, as of the time of writing, up 6.67%, priced at HKD 4.8, with a transaction volume of HKD 32.3691 million. In terms of news, on October 24th, the Central Committee of the Communist Party held a press conference to introduce and interpret the spirit of the Fourth Plenary Session of the 20th Central Committee. Zheng Zhanjie, Secretary of the Party Leadership Group and Director of the National Development and Reform Commission, stated at the meeting that during the 14th Five-Year Plan period, it is expected that more than 700,000 kilometers of underground pipeline networks will be constructed and renovated, with new investment demand exceeding 5 trillion yuan. Huatai Securities previously pointed out in a research report that the pipeline renovation segment is expected to drive demand for municipal plastic pipes. Coupled with the steady growth of first industry investment in the past two years, China Lesso's involvement in the agricultural plastic pipe sector has shown results. Considering the company's high market share in the engineering sector, the firm believes that the company is likely to fully benefit
According to the Zhitong Finance APP, China Lesso (02128) has risen over 6%, with a current increase of 6.67%, trading at HKD 4.8, with a transaction volume of HKD 32.3691 million.
In terms of news, on October 24th, the Central Committee of the Communist Party held a press conference to introduce and interpret the spirit of the Fourth Plenary Session of the 20th Central Committee. Zheng Zhanjie, Secretary of the Party Leadership Group and Director of the National Development and Reform Commission, stated at the meeting that during the 14th Five-Year Plan period, it is expected that more than 700,000 kilometers of underground pipeline networks will be constructed and renovated, with new investment demand exceeding 5 trillion yuan. A previous research report from Huatai Securities pointed out that the pipeline renovation segment is expected to drive demand for municipal plastic pipes. Coupled with the steady growth of first industry investment in the past two years, China Lesso's involvement in the agricultural plastic pipe sector has shown results. Considering the company's high market share in the engineering sector, the firm believes that the company is likely to fully benefit
