TC

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)

etnet財經‧生活App   財智‧健康‧品味生活     【立即下載】  iOS版 / Android版
人氣文章
財經新聞
評論
專題
產品簡介

【etnet Bonus賞你】好好社企 中秋精選月餅禮盒

【etnet Bonus賞你】領展TKO Gateway便攜式香薰機

【etnet Bonus賞你】荃灣千色匯及元朗千色匯 x 韓國紙雕插畫藝術家Soo Min Kim 消暑手搖沙冰杯+簡約家用收納箱