China Connect (03969) rose nearly 6% at the end of the session. As of press release, it was up 5.11% to HK$3.5, with a turnover of HK$93.75,500.
The Zhitong Finance App learned that China Connect (03969) rose nearly 6% at the end of the session. As of press release, it had risen 5.11% to HK$3.5, with a turnover of HK$93.765 million.
According to the news, on May 10, the China Railway procurement platform issued an EMU tender notice. Galaxy Securities pointed out that the first EMU tender exceeded expectations, focusing on cycle recovery+equipment renewal and the release of demand for rail transit equipment. We believe that under the triple logic of equipment update+passenger flow recovery+overhaul cycle, the rail transit industry will usher in a new round of boom. According to the pace of bidding in previous years, China Railway Group will also carry out 1-2 purchases of new EMU cars and advanced repairs in the second half of the year. There are still differences in railway equipment expectations.
Furthermore, on May 7, Lou Qiliang, Party Secretary, Chairman and General Manager of China Tonghao hosted a conference to promote China Tonghao's low-altitude economy work. Meanwhile, Tonghao Construction Group, as a wholly-owned second-tier subsidiary of China Tonghao, recently announced that the company has made early strategic plans for the low-altitude economy. The company said it will work to find and occupy an advantageous position in the low-altitude economy industry; the Changsha Design Institute is expected to strengthen professional skills training and communication; Tonghao Construction Group will provide substantial technology and product solutions and participate deeply in China's Tonghao master plan.