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01766 CRRC
RTNominal unchange 0.000 (0.000%)
Research Report

31/03/2020 12:11

{I-bank focus}Daiwa downgrades CRRC Corp (01766) to HK$4.3

[ET Net News Agency, 31 March 2020] Daiwa Research lowered its target price for CRRC
Corp (01766) to HK$4.3 from HK$6.4 and downgraded its rating to "hold" from "outperform".
The research house said CRRC's 2020 outlook for railway equipment investment is quite
disappointing. Daiwa cut its 2020-21 EPS forecasts by 13-14%.
Due to the shortfall in rail freight and passenger volume in 1Q that reduced equipment
maintenance demand, the company expects relatively flat maintenance revenue growth in
2020, down from 16% growth in 2019. (KL)

Remark: Real time quote last updated: 27/05/2020 07:40
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