CRCC Reported Strong 1Q Result on Improving Contract Mix
No-moat China Railway Construction Corporation’s strong first quarter ran ahead of our expectations, with core net earnings rising 16% year on year to CNY 3.3 billion, mainly on improving mix toward higher-margin segments, while 7% year-on-year revenue growth to CNY 131 billion was in line with our estimate. Relative to China Communications Construction Co, CRCC’s first-quarter new order growth was more modest due to its domestic focus, but the improving composition in its infrastructure operati...
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.