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Research Reports | China Securities Co., Ltd.: Maintaining a "buy" rating for CRRC Corporation, the high-level maintenance of EMUs continues to be prosperous.
China Securities Co., Ltd. research reports pointed out that in the first half of the year, CRRC Corporation (601766.SH) led the growth rate of railroad equipment revenue among its four major business sectors, with a significant increase of 93.16% in high-speed trains' revenue, driving profit levels up. Looking ahead to the full year and long term of 2024, equipment upgrades will become an important driver for the company's business development. In 2024, the bidding volume for advanced maintenance of high-speed trains continues to exceed expectations, with a significant increase in the proportion of high value-added Level 5 maintenance, which is expected to further drive profit levels up; with the introduction of new energy locomotives, the gradual replacement of old internal combustion locomotives is expected to unfold, laying the foundation for the next 3 years of development. In terms of central enterprise market cap assessment
Zhuzhou CRRC Times Electric Co (ZHUZF) Was Downgraded to a Hold Rating at Jefferies
CRRC's H1 Profit Rises 21% as Revenue Jumps 3%
Private Companies Are Zhuzhou CRRC Times Electric Co., Ltd.'s (HKG:3898) Biggest Owners and Were Hit After Market Cap Dropped HK$2.8b
Southbound funds had a net outflow of 0.041 billion Hong Kong dollars on August 26: reducing holdings in Tencent and CNOOC, while inflowing into China Mobile and CRRC Corporation.
① The southbound funds had a daily turnover of approximately 23.8 billion Hong Kong dollars. Which individual stocks are experiencing ongoing inflows of funds? ② Tencent saw an outflow of over 0.2 billion Hong Kong dollars. What is the short-term trend of the funds?
Nomura Downgrades Zhuzhou CRRC Times Electric to Neutral From Buy, Adjusts Price Target to 57 Yuan From 58 Yuan
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