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Calculating The Fair Value Of Metallurgical Corporation of China Ltd. (HKG:1618)
MCC's Value of New Contracts Slips 6% in January-July
Express News | Metallurgical Corporation of China - Value of Newly Signed Contracts of Company From January to July 2024 Amounted to RMB750.44 Bln
Express News | Metallurgical Corporation of China Says Jan-July New Contracts Totalling 750.4 Bln Yuan, Down 6.4% Y/Y
Metallurgical Corporation of China: New contract value of 75.044 billion yuan from January to July, a 6.4% decrease compared to the same period last year; the new overseas contract value was 4.439 billion yuan, a year-on-year increase of 83.0%.
Metallurgical Corporation of China (601618.SH) announced that the company's newly signed contract amount for January to July 2024 was RMB 750.44 billion, a 6.4% decrease over the same period last year. Among them, the newly signed overseas contract amount was RMB 44.39 billion, an increase of 83.0% year-on-year.
CICC: State-owned enterprises will still be a relatively stable choice in the construction industry in the second half of the year. It is recommended to grasp three investment strategies.
With the acceleration of fiscal expenditure progress in the second half of the year and the support of special bonds and special debts, the growth rate of infrastructure may moderately increase compared to 2Q24, and the strong performance of the manufacturing industry in 1H24 is expected to continue into the second half of the year, continuing to support steady economic growth.
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