Report
John Hu
EUR 101.80 For Business Accounts Only

CSCI's Top-Line Outlook Intact Despite Moderating Fiscal Policy Outlook; FVE Retained at HKD 15

No-moat China State Construction International's, or CSCI's, share price has been flatlining since 2017 over concerns that the scale-back in fiscal policy may hurt the company’s growth outlook. Despite the moderating infrastructure spending outlook, we think this will not affect CSCI as much as other infrastructure firms, given the company’s significant nonmainland revenue exposure. Additionally, CSCI’s strong presence in social housing, which is likely to see rising investment activity amid the...
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Morningstar
Morningstar

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John Hu

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