Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03898 TIMES ELECTRIC
RTNominal up24.800 +0.600 (+2.479%)
Others

27/08/2019 14:14

{I-bank focus}HSBC cuts Zhuzhou CRRC Times (03898) to HK$39

[ET Net News Agency, 26 August 2019] HSBC Global Research cut its target price for
Zhuzhou CRRC Times (03898) to HK$39 from HK$42 and maintained its "hold" rating as it
thinks the risk of developing the non-railway business could hold back earnings growth and
ROE (Return on equity) in 2019 and 2020.
The research house said CRRC's 2Q results were broadly in line with HSBC's estimate.
HSBC said the market has been too optimistic on rail equipment new orders for 2019. CRRC's
major customer, China State Railway Group Limited, is focused on earnings improvement,
increasing its load factor and lowering financial leverage.
CRRC maintained its guidance for a mild increase in total revenue and net profit for
FY2019. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.