CRRC's historical ROCE trend is uninspiring, with increased capital not being deployed into high return investments. High current liabilities at 54% of total assets introduce risk. These trends aren't typical of multi-baggers, suggesting better opportunities elsewhere.
CRRC's lower P/E ratio may suggest investors anticipate limited growth, hence the reduced stock price. Its underwhelming earnings outlook appears to contribute to the low P/E, making a significant share price increase unlikely.
Moody’s Investors Service downgraded the credit rating outlook for eight Chinese banks to "Negative", including$农业银行(01288.HK)$$中国银行(03988.HK)$$建设银行(00939.HK)$$工商银行(01398.HK)$$邮储银行(01658.HK)$, Agricultural Development Bank of China, China Development Bank, and Export-Import Bank of China. This decision aligned with Moody's recent downgrade of China's sovereign rating outlo...
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The problem is in China, it is one man deciding. yesterday , it came to light that Xi guided central bank to buy treasury bond in Oct 23 but was reported in the news. It signifies such monetary decision is not central bank or by Xi who chairs all important meetings including financial ones. it means if there is pro market ideas but as long as Xi dont agree, it wont get implemented. No wonder or western funds ran away in 2023.
$中国中车(01766.HK)$ KGI has a technical target of HKD5.00. CRRC Corp Ltd is a China-based company principally engaged in the manufacture and sale of rail transit equipment. The Company's main businesses include railway equipment business, urban rail and urban infrastructure business, new industry business and modern service business. The railway equipment business mainly includes locomotive business, motor train unit and passenger car business, freight car business and rail construction machinery b...
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