No Data
China State Construction Engineering's (SHSE:601668) Investors Will Be Pleased With Their 27% Return Over the Last Three Years
Are Steel stocks expected to stage a major reversal? Goldman Sachs: China State Construction Engineering Corporation's activity is showing preliminary signs of recovery, and steel demand is expected to rebound.
① Goldman Sachs stated that as the China State Construction Engineering Corporation activity shows preliminary signs of improvement, it could boost the prices of Steel and other CSI Commodity Equity Index. ② The Chinese government's work report emphasizes Real Estate efforts, proposing goals such as "stabilizing the Real Estate and stock markets" and "promoting the healthy development of the Real Estate and stock markets with greater efforts." ③ According to Goldman Sachs data, demand for CSI Commodity Equity Index related to infrastructure construction has slightly increased for the first time in three years, predicting that China may reduce Steel production by about 50 million tons to restore profitability.
Goldman Sachs: China's infrastructure construction activities are beginning to recover, which may boost CSI Commodity Equity Index demand.
Goldman Sachs pointed out that China's infrastructure construction activities are starting to recover, which may drive demand growth for CSI Commodity Equity Index commodities such as Steel, Cement, and Copper. Analysts such as Trina Chen noted in the report that recent inspections "initially confirm our bullish expectations for construction demand in China in 2025." Goldman Sachs still prefers Cement, Copper, and Bauxite, and is gradually bullish on Steel and Aluminum.
GF SEC: The explosive demand for computing power and the dual drive of new Infrastructure policies are pushing IDC's prosperity upwards, with multiple points of bloom in the Industry Chain of construction enterprises.
IDC serves as the data foundation for the Industry, with significant differences in value across the upstream, midstream, and downstream of the Industry Chain. Construction companies are widely involved in the full Industry Chain of IDC.
Citigroup: Maintains CHINA STATE CON (03311) 'Buy' rating, Target Price 14.5 HKD.
China Orient, one of the four major state-owned Asset Management companies in China, subscribed to the placement shares of China State Construction Engineering Corporation, already holding 3.56% of the company's equity before the subscription, and after completing the Trade, its holdings have expanded to 8.02% of the enlarged share capital.
CHINA STATE CON (03311.HK) plans to hold a Board of Directors meeting on March 21 to approve the annual performance.
Gelonghui reported on March 11 that CHINA STATE CON (03311.HK) announced that a board meeting will be held on March 21, 2025 (Friday) to approve the performance of the company and its subsidiaries for the year ending December 31, 2024 and its release, as well as to consider the proposal for a final dividend (if any).
