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Infrastructure stocks are collectively under pressure, with China Railway (00390) down 3.54%. Institutions indicate that current state-owned general contractors are facing significant pressure on both the payment and receipt ends.
Jinwu Finance | Infrastructure stocks are collectively under pressure, with China Railway (00390) down 3.54%, TIMES ELECTRIC (03898) down 3.35%, CHINA COMM CONS (01800) down 3.1%, Metallurgical Corporation of China (01618) down 3.05%, China Railway Signal & Communication Corporation (03969) down 2.88%, and CRRC Corporation (01766) down 2.79%. Guosen stated that downstream demand in the construction Industry has declined, resulting in fewer new Orders for construction enterprises and slowing growth in output value. Major state-owned enterprises are seizing market share with lower financing costs, while private enterprises are experiencing a continuous decline in revenue performance. Due to engineering payment progress...
Hong Kong stocks are moving differently | Infrastructure stocks today generally fell, as the construction industry's demand showed a seasonal decline. Institutions state that the financial statements of construction companies are under continuous pressure
Infrastructure stocks fell broadly today. As of the time of reporting, China Railway (00390) dropped 3.79%, closing at 3.81 HKD; TIMES ELECTRIC (03898) fell 3.66%, closing at 31.6 HKD; CRRC Corporation (01766) decreased by 2.79%, closing at 4.87 HKD; China Railway Construction Corporation (01186) fell by 2.62%, closing at 5.58 HKD; China Communications Construction (01800) declined by 2.73%, closing at 5.34 HKD.
CRRC Corporation Moves to Diversify Board Leadership
CRRC Announces Board and Committee Leadership
CRRC Corporation (01766): Jiang Renfeng resigned as Director.
CRRC Corporation (01766) announced that on December 31, 2024, the Board of Directors received a report from non-executive director Mr. Jiang Renfeng...
Hong Kong stock market movement | CRRC Corporation (01766) rises nearly 4%. Recently signed several projects involving over 69 billion yuan, the company is expected to benefit from the locomotive renewal and replacement process.
CRRC Corporation (01766) rose nearly 4%, as of the time of this report, it increased by 3.93%, trading at 5.03 Hong Kong dollars, with a transaction amount of 0.11 billion Hong Kong dollars.
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