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<Research>HTSC Cuts CHINA COMM CONS (01800.HK) TP to $6.71 on Acceleration in New Contracted Order Growth in 3Q
Recommend 2 Positive 5 Negative 2 |
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CHINA COMM CONS (01800.HK)(601800.SH)'s 1-3Q25 revenue was RMB513.915 billion, down 4.23% YoY, Huatai Securities issued a research report saying. Net profit attributable to the parent company amounted to RMB13.647 billion, down 16.14% YoY, while net profit excluding non-recurring items was RMB11.701 billion, down 13.45% YoY. In 9M25, the Company's amount of newly signed contract was RMB1.34 trillion, up 4.65% YoY, Huatai Securities added. Of which, 3M25 new contract value amounted to RMB348.9 billion, up 9.18% YoY, showing acceleration. Considering the relative comparability, the Company's overseas business has better prosperity and higher proportion, with stronger resilience in new contracted order growth. With a 2026 PE ratio of 9x for CHINA COMM CONS' A-shares and a PE ratio of 5x for the Company's H-shares, the broker cut its target prices for CHINA COMM CONS' A-/ H-shares from RMB11.43/ $6.96 to RMB11.02/ $6.71, with ratings kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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