HK Stock Market Move | CHINA LESSO (02128) rose more than 6%, institutions bullish on the driving force of municipal plastic pipe demand from network transformation.

CHINA LESSO (02128) up more than 6%, as of the end of the report, up 6.67%, reported at 4.8 Hong Kong dollars, with a turnover of 32.3691 million Hong Kong dollars. On the news front, on October 24, the CPC Central Committee held a press conference to introduce and interpret the spirit of the Fourth Plenary Session of the Twentieth Party Congress. Zheng Zhijie, Secretary of the Party Group and Director of the National Development and Reform Commission, stated at the meeting that during the "Fifteenth Five-Year Plan" period, it is estimated that more than 700,000 kilometers of underground pipe network will be built and renovated, with additional investment demand exceeding 5 trillion yuan. Huatai's previous research report pointed out that the renovation of pipe networks is expected to drive demand for municipal plastic pipes, combined with the steady growth rate of investment in the primary industry 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 end, the bank believes that the company is expected to benefit fully.