China Connect (03969) rose more than 5% in the intraday period. As of press release, it was up 3.87% to HK$3.22, with a turnover of HK$486.59 million.
The Zhitong Finance App learned that China Connect (03969) rose more than 5% in the intraday period. As of press release, it had risen 3.87% to HK$3.22, with a turnover of HK$486.859 million.
Everbright Securities pointed out that transportation equipment is one of the areas of upgrading mentioned in the National Assembly's “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-in”. We believe that the rail transit equipment industry will directly benefit from top-level policy support for equipment upgrading. Coupled with EMU and other products entering a period of intensive overhaul, the industry's demand space is expected to continue to grow in the future.
Guoxin Securities pointed out that on February 28, the director of the China Railway Administration emphasized that it will focus on three things this year. Among them, he proposed formulating emission standards and management measures for internal combustion locomotives, improving the renewal subsidy policy, speeding up the promotion and application of new energy locomotives, and striving to basically eliminate old internal combustion locomotives by 2027. This is a concrete action to implement the central government's large-scale equipment renewal. It is recommended to actively pay attention to investment opportunities in the rail transit equipment sector, and focus on recommending China Express.