China Connect (03969) rose nearly 5% at the end of the session. As of press release, it rose 4.98% to HK$3.16, with a turnover of HK$553.38 million.
The Zhitong Finance App learned that China Connect (03969) rose nearly 5% at the end of the session. As of press release, it had risen 4.98% to HK$3.16, with a turnover of HK$553.38 million.
According to news, on April 1, China Tonghao International Holdings and WinAlliance Simandou Railway Co., Ltd. successfully signed a general contracting contract for the “Three Electric Power” system integration project for the Masi Railway project in Guinea, with a contract amount of 1,245 billion yuan, to push China Railway to “go global” and achieve new breakthroughs.
Changjiang Securities pointed out that China Pass is based on the rail transit control system business, and the net profit margin and gross margin are gradually improving. Since this year, rail transit related policies have continued to be released, compounding the increasing scale of existing railway trains and subway cars, or the need to upgrade and replace catalytic rail transit equipment. In the short term, the company is full of orders, worry-free acceptance, and the entire signal system replacement is expected to be implemented, bringing flexibility to performance. In the long run, the expansion of overseas markets and the upgrading of existing equipment are expected to contribute significant increases.