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Express News | Jinxiandai Information Industry won the bid for the Customer Relationship Management (CRM) System Construction Project of CRRC Datong Electrical Locomotive Co., Ltd.
Hong Kong stocks fluctuate | Infrastructure stocks fell in early trading, with the construction industry's performance under significant pressure in the first three quarters, and convertible bonds expected to repair corporate balance sheets.
Infrastructure stocks fell in the morning session, as of the time of writing, China Railway Construction Corporation (01186) fell by 3.5%, closing at 5.52 Hong Kong dollars; CRRC Corporation (01766) fell by 3.29%, closing at 5 Hong Kong dollars; China Communications Construction (01800) fell by 3.24%, closing at 5.37 Hong Kong dollars; China Railway (00390) fell by 2.92%, closing at 3.99 Hong Kong dollars.
[Brokerage Focus] JPMorgan: Financial volatility intensified by the US election may lead to Chinese railroad investments as a safe haven.
Kingfisher Finance News | JPMorgan indicated that the recent development of China's railroads industry has highlighted a stable investment environment, especially against the backdrop of financial turbulence triggered by the US elections, where Chinese railroad investments are seen as a safe haven. The bank pointed out that the increase in passenger volume on passenger railroads is driving strong demand for trains. CRRC Corporation Group released the second round of EMU bidding on November 5, procuring 80 sets of standard EMUs, which will help support the profitability of CRRC Corporation (01766) and Times Electric (03898) in the fourth quarter of 2024 and the first quarter of 2025. Additionally, CRRC Corporation's financial situation is improving.
Express News | CRRC Corporation: Subsidiaries sign multiple agreements for importing technical equipment at the Import Expo.
Express News | China's first high-power ammonia fuel engine has obtained a type approval certificate.
Hong Kong stocks concept tracking | New EMU bidding exceeds expectations, institutions bullish on the revival of the railroad equipment industry chain (with concept stocks)
The EMU bidding exceeded expectations, and the demand for railroad equipment continues to recover.
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