688187 Zhuzhou CRRC Times Electric
- 48.01
- +1.59+3.43%
Zhuzhou CRRC Times Electric News
CRRC Times Electric's Consortium Bags Rait Transit Project for 20.7 Billion Yuan
A consortium with Zhuzhou CRRC Times Electric (SHA:688187, HKG:3898) won the bid for the construction of the Wuxi-Yixing Intercity Rail Transit after placing 20.7 billion yuan, the company said in its
Science and Technology Innovation Board Evening News|Mai Lande terminated the acquisition of 55% of Maidou Health's shares, and Era Electric Consortium won the bid for the intercity rail construction project for 20.688 billion yuan
① Hangzhou: The penetration rate of new energy vehicles will reach more than 50% by 2027; ② Lanfan Baisheng completed the A+ round of financing of 100 million yuan.
Express News | Times Electric: The consortium won the bid for the general contracting project of the Wuxi-Yixing intercity rail transit project worth about 20.688 billion yuan
Changes in Hong Kong stocks | CRRC (01766) rose more than 4%, leading the way, high-speed rail concept stocks, new investments in the rail transit industry are better, and demand for renewal is expected to be released one after another
High-speed rail concept stocks rose collectively. As of press release, CRRC (01766) rose 4.09% to HK$4.83; Times Electric (03898) rose 3.44% to HK$31.55; China Express (03969) rose 2.07% to HK$3.45; and China Railway (00390) rose 1.84% to HK$4.43.
Changes in Hong Kong stocks | Times Electric (03898) rose more than 4% at the end of the session, China Railway tenders exceeded expectations, and the rail transit industry may welcome a new round of growth opportunities
Times Electric (03898) rose more than 4% at the end of the session. As of press release, it rose 4.27% to HK$31.7, with a turnover of HK$91.633 million.
Hong Kong Stock Concept Tracking | Rail transit equipment ushered in new opportunities. Related listed companies performed well in Q1 2024 (with concept stocks)
Companies related to the rail transit equipment industry chain performed well in 24Q1, and the annual performance is expected to improve as well.
Huatai Securities: The 24Q1 industry performed well, and the rail transit equipment boom continued, and updates/maintenance brought new opportunities
Short-term railway fixed asset investment/passenger transport/EMU tenders continue to exceed expectations. Advanced maintenance and renewal iterations of long-term equipment stock will increase, and related industrial chains and companies such as rail transit vehicles and components, and communication signal systems are worth paying attention to.
Southwest Securities: Policies promote combined maintenance and maintenance, and the market volume will expand in 24-25 years or usher in a major investment year
China Railway's initial tender for advanced EMU repair reached 361 groups in '24, of which 207 were grade 5 repair groups, accounting for 57% (290 in '23, of which 108 were grade 5); subsequently, with the acceleration of equipment replacement, EMU maintenance volume, and the increase in tenders and deliveries of new locomotives, the rail transit industry may welcome a new round of growth opportunities.
Express News | Times Electric: General Manager Mr. Shang Jing Resigns
Xiaomo increased its holdings of CRRC Era Electric (03898) by about 134,400 shares at a price of about HK$29.37 per share
On May 7, Xiaomo increased its holdings of CRRC Era Electric (03898) by 134.12 million shares, at a price of HK$29.6727 per share, for a total amount of approximately HK$3,984 million.
Times Electric (03898.HK) received 134,400 additional H shares from J.P. Morgan Chase, worth approximately HK$3,984 million
On May 13, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 13, JPMorgan Chase & Co. (JPMorgan Chase & Co.) increased its holdings of $Era Electric (03898.HK) $134,400 H shares with an average price of HK$29.6727 per share and an average OTC share price of HK$29.6656 on May 7, worth about HK$3.984 million. After the increase in holdings, J.P. Morgan Chase's latest shareholding was 652,213 million shares, and the good position ratio increased from 11.99% to 12.01%. Image source: What is the Stock Exchange's equity disclosure
Hong Kong Stock Concept Tracking | EMU tenders soar, railway equipment series attracts attention (with concept stocks)
China Railway Group's initial tender scale in 2024 has surpassed the full year of 2023 (164 groups for the full year of 2023), and the number of tenders increased significantly.
Changes in Hong Kong stocks | The number of EMU tenders for the first time this year surpassed that of last year, CRRC (01766) and Times Electric (03898) both increased by more than 5%
High-speed rail concept stocks generally rose in early trading. As of press release, Times Electric (03898) rose 5.13% to HK$31.75; CRRC (01766) rose 4.5% to HK$4.88; and China Express (03969) rose 2.4% to HK$3.41.
Express News | Galaxy Securities: Focus on the release of demand for rail transit equipment due to cycle recovery+equipment updates
Zheshang Securities: Railway equipment industry continues to boom, high-speed rail fares flexibly implement market-based mechanisms
The Zhitong Finance App learned that Zhishang Securities released a research report saying that China Railway Group will promote passenger flow growth and improve the quality of passenger transport services through flexible implementation of the high-speed rail fare market-based mechanism. In the long run, it will help further improve the operating level of China Railway Group, and may affect the level of investment in railway fixed assets in the future, and the railway equipment industry will continue to prosper. Recommended CRRC (601766.H), China Railway Industry (600528.SH), Tianyi Shangjia (688033.SH), Yonggui Electric (300351.SZ), and optimistic about China Express (688009.SH) and Times Electric (688187
Changes in Hong Kong stocks | Times Electric (03898) rose more than 4% in the afternoon, Xiaoma said the market was too worried about the prospects of the emerging equipment business and the rail transit equipment business prospects improved
Times Electric (03898) rose more than 4% in the afternoon. As of press release, it had risen 4.76% to HK$29.7, with a turnover of HK$473.75 million.
Times Electric (688187): High profit increase in Q1, gross margin continued to rise
Q1 Profit growth rate was impressive, and rail transit business grew strongly. The company released its 2024 quarterly report. In 24Q1, the company achieved revenue of 3,925 billion yuan, an increase of 27.20% over the previous year; realized net profit of 568 million yuan to mother, the same
Damo: Raise the target price of Era Electric (03898) to HK$33, which is more popular than CRRC (01766)
Damo expects CRRC and Times Electric to account for 18% and 16% of locomotive revenue, respectively, by 2026.
Times Electric (03898.HK): Demand for EMUs is rising, and the automobile business is expected to outperform the industry
The 1Q24 results are in line with our expectations. The company announced 1Q24 results: revenue/net profit to mother of 39.25/568 million yuan, an increase of 27.2%/30.4% year-on-year, and the results are in line with our expectations. Increased inter-schedule delivery of EMUs
Nomura: Yo-Era Electric (03898) “Buy” Rating Target Price Raised to HK$35
Nomura hopes that the Jidai Electric (03898) rail transit business has good room for growth.
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