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【券商聚焦】摩根大通:美国选举引发的金融波动加剧下 中国铁路投资或为避风港

[Brokerage Focus] JPMorgan: Financial turmoil triggered by the US election intensifies, China's railroad investments may serve as a safe haven.

Golden Guard Financial News ·  Nov 10, 2024 19:42

Jinwu Financial News | J.P. Morgan said that the recent development of China's railway industry highlights a steady investment environment. In particular, against the backdrop of increased financial fluctuations caused by the US election, China's railway investment is viewed as a safe haven. According to the bank, the increase in passenger rail passenger traffic is driving a strong increase in demand for trains. China Railway Group announced the second round of EMU tenders on November 5 to purchase 80 standard EMUs, which will help support the profits of CRRC (01766) and Times Electric (03898) in the fourth quarter of 2024 and the first quarter of 2025. Furthermore, CRRC's financial situation is improving, and the fare increase implemented in June has further eased financial pressure. Therefore, the bank is optimistic about CRRC and CRRC Zhuzhou, believing that they will benefit from the increase in China's capital expenditure on railway equipment.

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