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UBS Cuts CHINA RAILWAY (00390.HK) TP to HKD4.3, Maintains Buy Rating
Recommend 19 Positive 27 Negative 22 |
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UBS said in a research report that CHINA RAILWAY (00390.HK) recorded revenue and net profit declines of 5.45% YoY and 27.65% YoY, respectively, in 1Q26. Revenue growth was slightly lower than that of CHINA COMM CONS (01800.HK), mainly due to the companys strategic focus on traditional infrastructure and the launch of domestic projects. The broker noted that despite revenue and profit adjusting in line with the industry, CHINA RAILWAY demonstrated strong resilience in quality control. However, it lowered the groups EPS forecasts for this year and next year by 33% to reflect weaker-than-expected 2025 results. The TP for CHINA RAILWAYs H-shares was reduced from HKD4.5 to HKD4.3, while the Buy rating was maintained. (hc/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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