Guotai Junan: the financial data in March exceeded expectations and the quarterly report on building materials may turn the industry around.

Xinhua News Agency, April 18, Guotai Junan Research Daily said that the financial data released in March continued to exceed market expectations, and new financing continued to expand. Corporate credit supply and demand are booming, and household credit has improved. The continuous improvement in household credit since the beginning of this year is consistent with the improvement in real estate sales reflected by the middle finger, the State Administration of Taxation and other data; it is also corresponding to the gradual pick-up in real estate demand in the building materials glass industry, which is expected to gradually adjust from pessimism to weak recovery. We believe that the follow-up will return to solid performance, building materials quarterly report may become a catalyst for the industry to turn around. We continue to recommend Oriental Yuhong, Weixing New Materials, Beixin Building Materials, Daya Holy Elephant, Rabbit, Qibin Group and Xinyi Glass.