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Hong Kong stock market midday review | Hang Seng Index fell 2.12% in the morning, car dealers/auto retailers layout new energy fund, and the stock price soared.
Currently, increasing investment in the new energy vehicle sector may become one of the ways for many dealers to break the deadlock.
[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.
Concerns Surrounding Zhuzhou CRRC Times Electric's (HKG:3898) Performance
Zhuzhou CRRC Times Electric Co. Sets Key Meeting
Earnings Miss: Zhuzhou CRRC Times Electric Co., Ltd. Missed EPS By 11% And Analysts Are Revising Their Forecasts
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