Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03898 CRRC TIMES ELEC
RTNominal down23.500 -0.300 (-1.261%)
Others

12/09/2019 17:30

{I-bank focus}HSBC upgrades CRRC Times (03898) to HK$43

[ET Net News Agency, 12 September 2019] HSBC Global Research raised its target price
for Zhuzhou CRRC Times (03898) to HK$43 from HK$39 and upgraded its rating to "buy" from
"hold" on improving prospects of IGBT (integrated gate bipolar transistor) business and a
potential spin-off.
The research house said the share price has corrected by 27% in 2019 year-to-date and
the market also has downgraded its earnings for FY2019 in recent weeks following a weaker
than expected 2Q.
Market expectations on rail equipment new orders have also gone from optimistic to a
more reasonable, low growth scenario, HSBC said. It believes the rail equipment
procurement budget by China Railway should be maintained at RMB100bn per annum in 2019 and
2020. (KL)

Remark: Real time quote last updated: 08/04/2020 14:16
  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 2020 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.