Infrastructure stocks are collectively under pressure, with China Railway (00390) down 3.54%. Institutions indicate that current state-owned general contractors are facing significant pressure on both the payment and receipt ends.

Jinwu Finance | Infrastructure stocks are collectively under pressure, with China Railway (00390) down 3.54%, TIMES ELECTRIC (03898) down 3.35%, CHINA COMM CONS (01800) down 3.1%, Metallurgical Corporation of China (01618) down 3.05%, China Railway Signal & Communication Corporation (03969) down 2.88%, and CRRC Corporation (01766) down 2.79%. Guosen stated that downstream demand in the construction Industry has declined, resulting in fewer new Orders for construction enterprises and slowing growth in output value. Major state-owned enterprises are seizing market share with lower financing costs, while private enterprises are experiencing a continuous decline in revenue performance. Due to engineering payment progress...

Jinwu Financial NewsJan 2 02:30 ET

Hong Kong stocks are moving differently | Infrastructure stocks today generally fell, as the construction industry's demand showed a seasonal decline. Institutions state that the financial statements of construction companies are under continuous pressure

Infrastructure stocks fell broadly today. As of the time of reporting, China Railway (00390) dropped 3.79%, closing at 3.81 HKD; TIMES ELECTRIC (03898) fell 3.66%, closing at 31.6 HKD; CRRC Corporation (01766) decreased by 2.79%, closing at 4.87 HKD; China Railway Construction Corporation (01186) fell by 2.62%, closing at 5.58 HKD; China Communications Construction (01800) declined by 2.73%, closing at 5.34 HKD.

Zhitong FinanceJan 2 02:20 ET

TIMES ELECTRIC (03898.HK) spent 13.7181 million HKD to repurchase 0.4235 million shares on December 31.

Gelonghui reported on December 31 that TIMES ELECTRIC (03898.HK) announced the repurchase of 0.4235 million shares at a cost of 13.7181 million Hong Kong dollars on December 31, 2024, with a repurchase price per share ranging from 31.8 to 32.5 Hong Kong dollars.

Gelonghui FinanceDec 31, 2024 02:33 ET

Zhuzhou CRRC Times Electric Co., Ltd.'s (HKG:3898) Share Price Could Signal Some Risk

Simply Wall StDec 30, 2024 18:10 ET

Zhuhai Enpower Electric (300681.SZ): Currently, the main competitors in the electric drive system Industry include Inovance, TIMES ELECTRIC, Shanghai Electric Drive, Ju Yi Technology, and Jingjin Electric.

Gelonghui reported on December 30 that Zhuhai Enpower Electric (300681.SZ) stated on the investor interaction platform that the power system of new energy vehicles has undergone rapid technology iteration. Currently, the supply forms for the Electric Machine and Electronic Control are mainly integrated products of electric drive systems. The main competitors in the electric drive system industry include Inovance Technology, TIMES ELECTRIC, Shanghai Electric Drive, Yuyao Technology, and Jitin Electric.

Gelonghui FinanceDec 30, 2024 03:53 ET

Hong Kong stocks fluctuation | TIMES ELECTRIC (03898) rose over 4% during the session, with a total repurchase of approximately 0.27 billion HK dollars this month. The company benefits from the high prosperity of rail transit equipment.

TIMES ELECTRIC (03898) rose over 4% during the day, and as of the time of writing, it has increased by 3.57%, trading at 31.9 HKD, with a transaction amount of 0.116 billion HKD.

Zhitong FinanceDec 30, 2024 00:53 ET