03311 CHINA STATE CON
- 11.340
- +0.220+1.98%
CHINA STATE CON News
China State Con (03311.HK) held a board meeting on August 19 to approve mid-term performance.
China State Con (03311.HK) announced on August 5th that the board of directors meeting will be held on August 19, 2024 (Monday) to approve the unaudited interim results of the company and its subsidiaries for the six months ending June 30, 2024, and to consider the payment of interim dividends (if any).
CHINA STATE CON: Date of Board Meeting
China State Construction Issues 2 Billion Yuan of Medium-Term Bonds
China State Con International's subsidiary completed the issuance of 2 billion yuan medium-term notes.
On July 25, Geelong Hui reported that China State Con International (03311.HK) announced that its subsidiary, China State International Investment Group Co. Ltd. ("Issuer"), completed the public issuance of the second medium-term notes for the year 2024 to professional investors in the Mainland of China on July 19, 2024. The total principal amount of the notes is RMB 2 billion, with a term of 5 years and a coupon rate of 2.30%. Both the Issuer and the notes obtained the "AAA" credit rating of the joint credit rating agency, China Chengxin International Credit Rating Co., Ltd.
Major Bank Rating | Haitong International: Raises China State Con's target price to HKD 14.7, and ROE and operating cash flow continue to improve.
Haitong International released a research report indicating that the ROE of China State Con for the 2023 fiscal year reached 15.3%. Operating cash flow turned positive, reaching HKD 0.5 billion. The management is confident about further improvement of ROE and operating cash flow. More and more MiC technology (modular integrated construction) related projects are driving business growth in the Hong Kong and Macao regions, and the development of the Northern Metropolis has also brought new commercial contracts to the company. The group's target for the 2024 fiscal year is to sign new contracts amounting to no less than HKD 210 billion, maintain double-digit growth in net income, maintain a dividend payout ratio of about 30%, and expect a proportion of technology-related businesses that will not be less than.
Brokerage Focus: CITIC Securities expects a turbulent upward trend in the A-share market in the second half of the year.
Jingu finance news | CCB international releases its outlook on Hong Kong stock market strategy for the second half of the year. The Hong Kong stock bear market since 2023 ended in January this year and has entered a shaking bull market. The Chinese fundamentals remain moderately repaired, and the policy tone continues to be based on stability. The chance of issuing strong stimulus policies is small, and the "strong production and weak demand" pattern will persist for a while, with a slight fluctuation in corporate profit recovery. The orderly slowdown of inflation and employment in the United States, along with a moderate economic growth, is expected to result in the earliest Fed rate cut in September this year and marginally benefit Hong Kong stock liquidity. The Hang Seng Index is currently at a historically low valuation level, and listed companies are actively buying back and increasing dividends.
Investing in China State Construction International Holdings (HKG:3311) Three Years Ago Would Have Delivered You a 150% Gain
Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
China State Con International (03311.HK) subsidiary, CCCG International Investment, has entered into a factoring arrangement.
On June 28th, Gelunhui announced that China State Con International (03311.HK) had made a factoring arrangement with China State Con International Investment (an indirect wholly-owned subsidiary of the company), and on the same day, China State Con International Investment (1) entered into an accounts receivable transfer agreement with Zibo Haixin, and (2) entered into a factoring agreement with China State Conmercial Factoring regarding the transfer of accounts receivable to it. China State Conmercial Factoring (a) provided RMB 130 million (equivalent to approximately HKD 143 million) in principal to China State Con International Investment at a discount rate of 90.28% and in accordance with the factoring agreement from the date of withdrawal.
With EPS Growth And More, China State Construction International Holdings (HKG:3311) Makes An Interesting Case
HK Stock Special | CCCC International (03311) rose nearly 4% during trading, promoting smart construction in Hong Kong, the company's products have advantages and are expected to expand into the mainland market in the future.
China State Construction International (03311) rose nearly 4% during trading. As of the time of writing, it has risen 3.39%, trading at HKD 10.36 with a turnover of HKD 10.25 million.
CHINA STATE CON To Go Ex-Dividend On June 17th, 2024 With 0.285 HKD Dividend Per Share
China State Con (03311): Liang Haiming resigns as an independent non-executive director.
Zhongguo Jianzhu Guoji (03311) announced that Liang Haiming, who has served the board of directors for more than nineteen years, retired on a rotational basis at the annual general meeting of shareholders. He was eligible for re-election, but was not re-elected at the annual general meeting of shareholders. Dr. Liang's resignation will take effect at the end of the shareholders' annual general meeting held on June 6, 2024. With his departure, Dr. Liang will no longer serve as chairman of the company's remuneration committee, as well as member of the audit committee, nomination committee and sustainable development committee.
China State Con (03311): Chen Fan appointed as an independent non-executive director.
China State Con (03311) announced that Chen Fan has been appointed as an independent non-executive director and chairman of the remuneration committee of the company...
[Brokerage Focus] HSBC research upgrades China State Con (03311) target price by 19.8%, expecting it to be attractive to investment from the south.
Kinwes Financial News | HSBC Global Research released a research report, stating that China State Con (03311) had a strong performance in the first quarter of this year, and its stock price rose by 23% in May. The bank believes that it is mainly influenced by the good prospects of local government payments and potential dividend tax exemptions. With the background of the group's state-owned enterprise, the highest dividend payout in the industry, sustainable double-digit profit growth, and improving return on equity (ROE) and operating cash flow (OCF) targets, the bank believes that the company is attractive to investors, especially the Southbound funds. The bank pointed out that the ROE and OCF related to government and social capital cooperation (PPP) projects
China State Construction International Holdings (HKG:3311) Hasn't Managed To Accelerate Its Returns
[Broker Focus] Guosheng Securities's first purchase rating for China Construction International (03311) indicates that it is expected to increase rapidly as a leading regional project in Guangdong, Hong Kong and Macau
Jinwu Financial News | According to Guosheng Securities Research, China Construction International (03311) is the only Hong Kong and Macau construction business platform under China Construction Group. Since 2008, it has entered the mainland market to develop investment projects such as BT and PPP. The mainland's revenue/performance share has continued to increase, reaching 58%/81% in 2023. The company's revenue/performance CAGR reached 15%/13% respectively in 2013-2023 (11.5%/15.1% increase in 2023). In recent years, it has maintained steady growth under the influence of macroeconomic disturbances and declining real estate. Management resilience is strong, and indicators such as comprehensive gross profit margin and net interest rate are remarkable
Hong Kong Stock Concept Tracking | Two Departments Launch Urban Renewal Demonstration Work! Real estate chain-related companies are expected to benefit (with concept stocks)
On May 6, the General Office of the Ministry of Finance and the General Office of the Ministry of Housing, Urban-Rural Development issued a notice to launch demonstration work on urban renewal.
CHINA STATE CON: 2023 Annual Report
China Construction International (3311.HK): Q1 Growth Remains Strong, New Quality Productivity Creates New Momentum for Development
On April 26, China Construction International (3311.HK) released unaudited financial data and operating conditions for the first quarter of 2024. The Group's unaudited Group turnover and the joint venture turnover for the quarter were approximately HK$24.166 billion and HK$608 million respectively; the total unaudited operating profit and profit attributable to the joint venture amounted to approximately HK$3,912 million.
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