Accelerating railway investment continues to drive solid earnings growth.
No-moat China Railway Construction Corporation, or CRCC, delivered a solid first quarter with net income rising 11.9% year on year to CNY 2.9 billion, mainly on lower tax and financing expense, while revenue increased 3.7% year on year to CNY 118 billion. Similar to its peers, CRCC saw robust new order growth, with favorable mix in infrastructure operations (mainly the more profitable urban rail contract) and strong high-margin noninfrastructure demand (real estate and equipment manufacturing) w...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.