03311 CHINA STATE CON
- 10.960
- +0.040+0.37%
CHINA STATE CON News
Express News | Within five years, central enterprises will fully establish a "scientific, rational, and efficient" board of directors.
China State Construction Engineering Posts 7% Rise in Newly Signed Contracts in January-August Period
Revenue of "China's Top 500 Enterprises" increased by 1.6% annually to over 110 trillion yuan, with State Grid topping the list.
China Enterprise Federation and China Entrepreneur Association released the '2024 China Fortune 500', with a threshold of 47.381 billion RMB this year, an increase of 0.383 billion RMB compared to last year, achieving 22 consecutive increases. The revenue scale of the 'Fortune 500' companies has reached a new level, with a total revenue of 110.07 trillion RMB, an increase of 1.58% compared to last year. Among them, 16 companies have exceeded 1 trillion RMB in revenue, and the number of companies with revenue exceeding 100 billion RMB is 253, accounting for over 50%. The top five on the list are State Grid, Sinopec Group, PetroChina, China State Construction Engineering Corporation (601.
HSBC Research's investment rating and target price for mainland architecture engineering stocks listed in Hong Kong (Table)
HSBC Research has published a research report on the latest investment rating and target prices of H shares of mainland architecture engineering stocks as follows: Stock|Investment Rating|Target Price (HKD) China Railway Construction Corporation (01186.HK)|buy|6.7 yuan→6.3 yuan China Comm Cons (01800.HK)|buy|5.6 yuan→5.4 yuan China Railway (00390.HK)|buy|5.3 yuan→4.9 yuan China State Con (03311.HK)|buy|12.6 yuan
The Development Bureau did not approve a new round of quotas for foreign workers in the construction industry. The union welcomes this decision.
After reviewing various factors, the government has decided that the fifth round of the construction industry's imported labor scheme application, which will be launched in July, will not allocate quotas. The Hong Kong Construction Industry General Union welcomes the government's suspension of importing foreign construction workers, believing that the authorities have responded positively to the union's demands, addressing the urgent needs of workers by prioritizing local employment as the main consideration. The union hopes the government will strengthen vocational training efforts, focusing on promoting 'one specialty, multiple skills,' where workers with multiple skills have more job opportunities. They suggest that the government introduce multiple intermediate and advanced training course subsidy programs to attract more young people to join the industry, thus building a talent pool for the long-term transformation of the construction industry. The union points out that in order to
CHINA STATE CON: Interim Report 2024
China State Construction Engineering Corporation: Recently won several major projects with a total amount of 29.57 billion yuan.
China State Construction Engineering Corporation announced on August 28th that the company has recently won several major projects, including housing construction and infrastructure projects. Among them, the housing construction projects include the Quanzhou Nan'an Luncao Town Valve City Integrated Development Project (Phase I) project in Fujian, the comprehensive transformation project of Wenchong Street Wenchong Old Village in Guangzhou, Guangdong (R-R-3 Land) survey, design, and construction general contracting project, and the Shiliangshan Village general contracting project in Tiantai, Taizhou, Zhejiang, with a total amount of 7.94 billion yuan. The infrastructure projects include the Fengming Lake Basin ecological environment governance and industrial green transformation development project in Tianmen Mountain section of Changjiang in Wuhu, Anhui, and the Yangzhou section of the Grand Canal in Jiangsu.
China State Con (03311) collects unclaimed dividends.
China State Con (03311) announced that the company's board of directors has confiscated the unclaimed 2017 year-end dividends and...
China State Con (03311.HK): Leading infrastructure stock in Hong Kong and Macau with high dividend yield and stable growth.
Event: china state con issues its 2024 interim report. Operation: the amount of new contract awards is rapidly increasing, and the dividend payout ratio is steadily rising. In the first half of 2024, the group's new contract awards amounted to 125.133 billion Hong Kong dollars, an increase of +2.
China State Con (3311.HK): The high prosperity of the northern metropolitan area highlights the dividend attribute of increased dividends.
In the first half of 2024, the company achieved revenue of 61.755 billion yuan, a year-on-year increase of 12.06%; net income attributable to the company was 5.465 billion yuan, a year-on-year increase of 12.71%.
The Grand Bank raises the target price of gtja Securities china state construction engineering corporation (03311.HK) to 15.5 yuan, with increased contributions from technology-driven businesses.
The gtja securities research report has reiterated a "buy" rating on China State Construction Engineering Corporation (03311.HK), with the target price raised from 15 yuan to 15.5 yuan. The company's earnings forecast for this year to 2026 has been revised down by 0.3%, 1.9%, and 3.5% to 2.034 yuan, 2.31 yuan, and 2.589 yuan, respectively. The bank pointed out that the company's net profit in the first half of the year increased by 12.7% to 5.5 billion yuan, in line with expectations. The total amount of newly signed contracts amounted to 125.1 billion yuan, up 29.2% year-on-year, and the target for newly signed contracts in 2024 is 210 billion yuan. The bank stated that the group's technology-driven business.
Research report digging | CICC: Raises China State Con's target price to HK$13.5 and maintains 'Outperform' rating in the industry.
GLONGHUI, August 20 | CICC released a report saying that China Construction International's revenue for the first half of the year was HK$61.755 billion, up 12% year-on-year, and net profit was HK$5.465 billion, up 12.7% year-on-year. The results were in line with expectations. The number of new contracts signed by the company in the first half of the year increased by 29% year-on-year to HK$125.1 billion. The bank kept its profit forecast unchanged. Currently trading is 5.4 times and 4.7 times the price-earnings ratio in 2024 and 2025, maintaining a “outperforming industry” rating. Considering the company's stability and high dividend rate, the target price was raised by 23% to HK$13.5.
China State Con (03311HK): Technology-driven business contribution will continue to increase.
We reiterate our "buy" rating and raise the target price to HKD 15.50. We slightly lowered our earnings forecasts for China State Con for 2024/2025/2026 by 0.3%/ 1.9% respectively.
CHINA STATE CONSTRUCTION INTERNATIONAL(03311.HK):1H24 RESULTS IN LINE; MIC BUSINESS GAINS ANOTHER NEW PROJECT
Major rating｜Bank of America: Raises target price of China State Con International to HKD 13.3 and raises earnings per share forecast.
Bank of America Securities report pointed out that China State Construction International's mid-term revenue increased by 12% year-on-year, and mid-term net income increased by 12.7% year-on-year, in line with the bank's expectations. The company announced a mid-term dividend of 33 Hong Kong cents per share, up 20% year-on-year, with a payout ratio of 30.4%, up 1.8 percentage points year-on-year. The management has increased the dividend guidance from around 30% to at least 30%, and plans to maintain or increase the annual dividend payout ratio, which was 30.8% last year. The bank also pointed out that the company's new orders increased by 29% year-on-year to HKD 125 billion, accounting for 60% of the annual target. The growth of orders is mainly supported by several giant eco-friendly projects in Hong Kong, as well as the mainland and Macau.
UBS Group raised the target price of China State Con (03311.HK) to 13.7 yuan in Dai Hang, performance meets expectations and dividend guidance improves.
UBS reported that China Construction International's (03311.HK) first-half results were in line with expectations, with revenue and net profit up 12.1% and 12.7% year-on-year to $62 billion and $5.5 billion, paying an interim dividend of $0.33 per share, up 20% year-on-year, corresponding to a yield rate of 30.42%, and management's guidance to gradually increase the dividend ratio. The bank tweaked its profit forecast for China-built 2024 to 2026 by 0% to 2%, raising its target price from $12.8 to $13.7, maintaining a “buy” rating. UBS says China's construction management changes guidance on its dividend rate policy from “around 30%”
China State Con (3311.HK) mid-term financial report: Stable performance growth, delivered high score answers on technology innovation strategy.
China State Con has once again surprised the capital markets with its performance, steady growth and high dividend payout ratio, making it a rare quality listed company in the current market. On August 19, China State Con (3311.HK) officially released unaudited financial information and operating performance for the mid-term of 2024. In the first half of 2024, the revenue was HKD 61.755 billion, a YoY growth of 12.1%; EBIT was HKD 8.57 billion, a YoY growth of 10.3%; the shareholder's net profit increased by 12.7% to HKD 5.465 billion. It is worth noting that the company announced a distribution of interim dividend per share of HKD 0.33 for 2024.
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Yancoal Australia's mid-term after-tax profit fell by more than 50%; Fed's 'hawkish' members relax stance on interest rate cuts in September.
China State Con (03311.HK): 1H24 results meet expectations as MIC products achieve another breakthrough.
The company's 1H24 performance is in line with our expectations. The company announced a revenue of HKD 61.755 billion, a YoY increase of 12%, and a net income attributable to shareholders of HKD 5.465 billion, a YoY increase of 12.7%.
CHINA STATE CON To Go Ex-Dividend On September 16th, 2024 With 0.33 HKD Dividend Per Share
August 19th (Beijing Time) - $CHINA STATE CON(03311.HK)$ is trading ex-dividend on September 16th, 2024.Shareholders of record on September 17th, 2024 will receive 0.33 HKD dividend per share on
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