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CRRC Corporation Limited's (SHSE:601766) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
CRRC Corporation (601766.SH): The company has no intention of acquiring Dandong Huanghai Autos.
Gelonghui reported on January 7 that CRRC Corporation (601766.SH) stated on the interactive platform that in April 2024, its subsidiary will wholly establish Dandong CRRC Times New Energy Equipment Co., Ltd. in Dandong City, primarily engaged in the manufacturing and sales of wind power Generators and components. The company has no intention to acquire Dandong Huanghai Autos.
CRRC Corporation (601766.SH): The axles have basically all been localized.
Gelonghui, January 7丨CRRC Corporation (601766.SH) stated on the interactive platform that the localization of axle manufacturing has basically been achieved, and the current axle suppliers include both internal and external sources.
CRRC Corporation (601766.SH): Currently, there is no layout in the low-altitude economy.
Gelonghui reported on January 7 that CRRC Corporation (601766.SH) stated on the interactive platform that the company currently has no plans in the low-altitude economy.
J.P. Morgan: Rating CRRC Corporation and TIMES ELECTRIC as "Shareholding."
JPMorgan released a research report stating that under the positive signals issued by the State Railway Group at the beginning of the year, it is expected that investment in China’s Railway Infrastructure will continue to grow. The bank anticipates that the total capital expenditure for railways in the mainland will reach a historic high of over 90 billion yuan this year, with the budget shifting towards railway equipment procurement. The bank believes that CRRC Corporation (01766) and TIMES ELECTRIC (03898) are well-positioned to seize the opportunities from the growth in capital expenditure, both rated as "Shareholding", and their procurement pace will align with the budget cycle of the State Railway Group. In terms of infrastructure, the bank pointed out that China Railway (00390) is focused on Railway Infrastructure.
J.P. Morgan: Make full use of the booming development and growth opportunities of China's Railroads. CRRC Corporation (01766), TIMES ELECTRIC (03898) rated as "Shareholding".
JPMorgan expects that the total capital expenditure for Railroads in the mainland will reach a historical high of over 900 billion yuan this year, with the budget shifting towards purchasing railway equipment.
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