The Canggang Railway (02169) surged by more than 11%. As of press release, it rose 11.65% to HK$1.15, with a turnover of HK$3.99 million.
The Zhitong Finance App learned that the Canggang Railway (02169) surged by more than 11%. As of press release, it had risen 11.65% to HK$1.15, with a turnover of HK$3.99 million.
Tianfeng Securities pointed out that judging from the segment of equipment renewal, investment in railway equipment renewal is expected to grow rapidly in '24. The director of the State Railway Administration said that the Railway Administration will work with relevant departments to formulate emission standards and management measures for internal combustion locomotives, improve the renewal subsidy policy, accelerate the promotion and application of new energy locomotives, and strive to achieve basic elimination of old internal combustion locomotives by 2027. This is also the railway industry's specific action to promote large-scale equipment upgrades.
Zhongtai Securities believes that in an environment with low interest rates, the advantages of dividend assets are prominent. In the transportation industry, the highway, railway, and port sectors, which operate relatively steadily and have regional monopoly attributes, and the bulk supply chain sector, which has relatively low valuation and is expected to increase profitability, deserve special attention.