A director at China State Construction International Holdings Limited maiden bought 30,000 shares at 10.280HKD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the co...
The general evaluation of CHINA STATE CONSTN (HK), a company active in the Heavy Construction industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date January 4, 2022, the closing price was HKD 9.76 ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
We are dropping analyst coverage of China State Construction International. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest.
We are dropping analyst coverage of China State Construction International. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest. ...
No-moat China State Construction International, or CSCI, reported a 2018 second-half result below our estimates. As China’s financing environment continues to tighten, we expect the constructor to cut back on the number of public-private-partnership, or PPP, projects, leading to lower margins in the years to come. The negative impact on profitability, however, will be partially offset by a lower level of capital expenditures going out. As a result, we lower our fair value estimate for CSCI to ...
No-moat China State Construction International, or CSCI, reported a 2018 second-half result below our estimates. As China’s financing environment continues to tighten, we expect the constructor to cut back on the number of public-private-partnership, or PPP, projects, leading to lower margins in the years to come. The negative impact on profitability, however, will be partially offset by a lower level of capital expenditures going out. As a result, we lower our fair value estimate for CSCI to ...
No-moat China State Construction International, or CSCI, reported a 2018 second-half result below our estimates. As China’s financing environment continues to tighten, we expect the constructor to cut back on the number of public-private-partnership, or PPP, projects, leading to lower margins in the years to come. The negative impact on profitability, however, will be partially offset by a lower level of capital expenditures going out. As a result, we lower our fair value estimate for CSCI to ...
For 2019, Chinese local governments will be allowed to issue CNY 2.15 trillion special purpose bonds, increasing more than 50% from last year. Since these bonds are a key funding source for infrastructure projects, we think the jump in quota signals the central authority’s will to encourage government-driven infrastructure projects to stimulate GDP growth. While we anticipate infrastructure investment to rebound in 2019, much of that expectation has already baked into our valuation for no-moat...
For 2019, Chinese local governments will be allowed to issue CNY 2.15 trillion special purpose bonds, increasing more than 50% from last year. Since these bonds are a key funding source for infrastructure projects, we think the jump in quota signals the central authority’s will to encourage government-driven infrastructure projects to stimulate GDP growth. While we anticipate infrastructure investment to rebound in 2019, much of that expectation has already baked into our valuation for no-moat...
No-moat China State Construction International reported 2018 third -quarter preliminary results that are on track to meet our full-year estimates. While the group’s nine-month revenue and operating profit growth is slightly behind the interim result, we believe the Chinese authorities’ efforts in stimulating infrastructure investment will benefit CSCI for the remainder of the year. We maintain our fair value estimate of HKD 10 per share, as our long-term operating assumptions for the...
No-moat China State Construction International reported 2018 third -quarter preliminary results that are on track to meet our full-year estimates. While the group’s nine-month revenue and operating profit growth is slightly behind the interim result, we believe the Chinese authorities’ efforts in stimulating infrastructure investment will benefit CSCI for the remainder of the year. We maintain our fair value estimate of HKD 10 per share, as our long-term operating assumptions for the...
No-moat China State Construction International reported 2018 third-quarter preliminary results that are on track to meet our full-year estimates. While the group’s nine-month revenue and operating profit growth is slightly behind the interim result, we believe the Chinese authorities’ efforts in stimulating infrastructure investment will benefit CSCI for the remainder of the year. We maintain our fair value estimate of HKD 10 per share, as our long-term operating assumptions for the company ...
China State Construction International, or CSCI, reported a 2018 interim result below our estimates. The margin for its Mainland China operation (approximately 70% of company bottom line) dropped to 20% versus 23% for the same period last year. We believe much of the decline in profitability has to do with the rising level of competition as the country's infrastructure spending slows. Consequently, we are cutting our fair value estimate for no-moat CSCI to HKD 10 from HKD 14 to reflect further d...
China State Construction International, or CSCI, reported a 2018 interim result below our estimates. The margin for its Mainland China operation (approximately 70% of company bottom line) dropped to 20% versus 23% for the same period last year. We believe much of the decline in profitability has to do with the rising level of competition as the country's infrastructure spending slows. Consequently, we are cutting our fair value estimate for no-moat CSCI to HKD 10 from HKD 14 to reflect further d...
China State Construction International, or CSCI, reported a 2018 interim result below our estimates. The margin for its Mainland China operation (approximately 70% of company bottom line) dropped to 20% versus 23% for the same period last year. We believe much of the decline in profitability has to do with the rising level of competition as the country's infrastructure spending slows. Consequently, we are cutting our fair value estimate for no-moat CSCI to HKD 10 from HKD 14 to reflect further d...
Excluding the one-off investment revaluation ad project disposal gains, China State Construction International's, or CSCI's, 2017 core profit of HKD 5.1 billion (up 22% year on year) would have modestly exceeded our estimate, while the 12% year-on-year top-line growth rate (adjusted for associate revenue) was as expected. The robust mainland infrastructure revenue growth and improving margin at FEG Group (mainly the curtain wall business) remained the operating highlights. For 2018, we expect CS...
No-moat China State Construction International, or CSCI, delivered strong operating results for the first nine months. The 19% year-on-year revenue growth rate was in line with our expectations, while 34.5% year-on-year operating income growth ran ahead of our estimate, probably as a result of higher public-private-partnership, or PPP, project income. We raise our full-year net income estimate by roughly 5% to HKD 6.3 billion (from HKD 6 billion) to reflect the stronger-than-expected operating i...
The no-moat China State Construction International, or CSCI’s decent first-half result was broadly in line with our expectation. The net earnings and revenue were up 11% year on year and 22% year on year, respectively, to HKD 2.5 billion and HKD 23 billion. The main operating highlights were the continuous margin improvement and robust new contract wins. While the new share issuance at HKD 11.3 per share, or 10% discount to the latest market price, would cause the short-term shareholder value ...
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