The Zhitong Finance App learned that Haotian International Construction Investment (01341) rose more than 7%. As of press release, it had risen 7% to HK$1.07, with a turnover of HK$4.36 million.
According to reports, Haotian International Construction Investment Group Co., Ltd. is an investment holding company in Hong Kong, China, mainly engaged in construction machinery-related business.
Tianfeng Securities believes that in line with current economic pressure, it is expected that this year's procyclical improvement is expected. This year's “three major projects” and infrastructure investment such as water conservancy are expected to become an important driving force for steady growth. Short-term economic work meetings are still expected to bring about policy catalytic effects, and improvements in construction fundamentals can be expected.
Guoxin Securities pointed out that after a continuous correction in the second half of 2023, the valuation level of construction stocks has fallen back to a historically low level. If you consider the lower valuation level of Hong Kong stocks of central construction enterprises, the dividend appeal of some blue chip construction companies has increased significantly; there is strong support for urban village renovation policies, and the release of orders in 2024 is highly certain. It is recommended to pay attention to the layout opportunities of relevant targets.