Keda Group(SH:600499) Zhong Guo Neng Yuan Wang·2025-08-11 02:01Core Viewpoint - The report emphasizes the importance of investment opportunities in the western development of China, particularly following the establishment of the new Tibet Railway Company by the National Railway Group with an investment of 95 billion yuan, which is expected to catalyze the construction materials sector [1][2]. Investment Opportunities - The focus is on central government investments in regions such as Xinjiang, Tibet, and Sichuan, particularly in projects like hydropower stations, railways, canals, and water conservancy projects [2]. - Key projects attracting market attention include the Yaxia Project, the New Tibet Railway, the Three Gorges Waterway New Channel, the Pinglu Canal, the Zhejiang-Jiangxi-Guangdong Grand Canal, the China-Kyrgyzstan-Uzbekistan Railway, and cross-sea bridges [2]. Industry Performance - The report highlights the high demand for local manufacturing in Africa, suggesting that companies like Keda Manufacturing, which is focused on local production and sales integration, are well-positioned for growth [2]. - The report also notes that the construction materials sector in Africa is experiencing high demand, which is expected to continue [2]. Market Trends - The report provides insights into the current state of various materials in the construction sector, including: - Cement prices averaging 340 yuan per ton, with a year-on-year decrease of 43 yuan [4]. - Glass prices at 1274.90 yuan per ton, down 20.38 yuan from the previous week [4]. - Concrete mixing stations operating at a capacity utilization rate of 6.80% [5]. - Steel market showing signs of inventory accumulation and weak demand [5]. Corporate Developments - Roman Holdings plans to acquire a 39.2308% stake in Wutong High-tech for 200 million yuan, becoming its controlling shareholder [6]. - The National Railway Group's establishment of the New Tibet Railway Company with a 95 billion yuan investment is a significant development in the industry [6].