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CRRC Corporation to Host Q3 2024 Results Briefing
Trending Industry Today: CHINA RAIL CONS Leads Gains In High-Speed Rail Stocks
A Look At The Fair Value Of CRRC Corporation Limited (SHSE:601766)
Hong Kong stocks fluctuate | Infrastructure stocks fell in early trading, with the construction industry's performance under significant pressure in the first three quarters, and convertible bonds expected to repair corporate balance sheets.
Infrastructure stocks fell in the morning session, as of the time of writing, China Railway Construction Corporation (01186) fell by 3.5%, closing at 5.52 Hong Kong dollars; CRRC Corporation (01766) fell by 3.29%, closing at 5 Hong Kong dollars; China Communications Construction (01800) fell by 3.24%, closing at 5.37 Hong Kong dollars; China Railway (00390) fell by 2.92%, closing at 3.99 Hong Kong dollars.
[Brokerage Focus] JPMorgan: Financial turmoil triggered by the US election intensifies, China's railroad investments may serve as a safe haven.
JPMorgan announced that the recent development of China's railroads industry has highlighted a stable investment environment, especially amidst the financial turbulence triggered by the US elections, where Chinese railroad investments are seen as a safe haven. The bank noted that the increase in passenger volume on passenger railroads is driving strong demand for trains. CRRC Corporation (01766) and Times Electric (03898) are expected to benefit from the China Railway Corporation's procurement of 80 standard train sets in the second round of bidding on November 5th, supporting profits in the fourth quarter of 2024 and the first quarter of 2025. In addition, CRRC's financial situation is improving.
Hong Kong stocks concept tracking | New EMU bidding exceeds expectations, institutions bullish on the revival of the railroad equipment industry chain (with concept stocks)
The EMU bidding exceeded expectations, and the demand for railroad equipment continues to recover.
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