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China Railway Construction Corporation Limited (SHSE:601186) Shares Fly 38% But Investors Aren't Buying For Growth
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HK stock market anomaly | Infrastructure stocks continue to decline. china communications construction (01800) is currently down 6%. Infrastructure growth rate needs project implementation and financial support to be maintained.
Infrastructure stocks continue to decline. As of the time of publication, CRRC Corporation (01766) fell by 6.84% to HKD 5.04; China Communications Construction (01800) fell by 6.04% to HKD 4.82; China Railway (00390) fell by 5.02% to HKD 3.97; China Railway Construction Corporation (01186) fell by 4.36% to HKD 5.48.
Guosheng Securities: The construction sector exhibits obvious undervaluation characteristics, with the basic fundamentals expected to marginally improve in the fourth quarter.
The overall PB ratio of the current nine major construction central enterprises is 0.54 times, still in the historical bottom range, with all nine major construction central enterprises except China Nuclear Engineering Corporation trading below net asset value, showing obvious undervaluation characteristics.
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