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大摩:维持中国中车(01766)“增持”评级 目标价上调至6.2港元

Daiwa: Maintains 'shareholding' rating for crrc corporation (01766), target price raised to 6.2 Hong Kong dollars

Zhitong Finance ·  Aug 26 03:49

Deutsche Bank has raised its profit forecast for CRRC (01766) in the next two years by 1% to 2%.

According to the report released by Deutsche Bank, it maintains a "shareholding" rating for CRRC (01766) and raises the target price from HKD 5.6 to HKD 6.2.

The report states that the company's second quarter profit increased by 12% compared to the same period last year, slightly higher than the bank's and market expectations of 5% to 6%. It believes that with the steady growth of EMU delivery and maintenance business, the company's profit growth momentum can continue into the second half of the year.

Deutsche Bank stated that it has raised its profit forecast for CRRC in the next two years by 1% to 2%, but has cut its profit forecast for 2026 by 4%. This means that the net profit for each year from 2024 to 2026 is expected to increase by 17.5%, increase by 10.4%, and decrease by 0.7% year-on-year, respectively.

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