Building a Healthy Future Together: CRCC Injects New Vitality into TRINIDAD AND TOBAGO’s Healthcare Sector BEIJING, July 17, 2024 (GLOBE NEWSWIRE) -- Since the successful completion of the Scarborough General Hospital project in the Republic of Trinidad and Tobago (TRINIDAD AND TOBAGO) in 2012, China Railway Construction Corporation Limited (CRCC) has steadfastly expanded its footprint in the healthcare sector across Latin America. To date, CRCC has delivered nine landmark healthcare facilities in TRINIDAD AND TOBAGO, each marking a significant milestone in the nation’s medical infrastruc...
CRCC: Spearheading the Modernization of Port of Spain General Hospital BEIJING, July 17, 2024 (GLOBE NEWSWIRE) -- Since the successful completion of the Scarborough General Hospital project in Tobago in 2012, China Railway Construction Corporation Limited (CRCC) has been steadily expanding its footprint in the healthcare sector across Latin America. To date, CRCC has delivered nine landmark healthcare facilities in the Republic of Trinidad and Tobago (TRINIDAD AND TOBAGO), each marking a significant milestone in the nation’s medical infrastructure. The current redevelopment of the main b...
EQS Newswire / 23/04/2024 / 12:00 CET/CEST BEIJING, CHINA - - 23 April 2024 - China Railway Construction Corp Ltd. (CRCC, or "the Company") is proud to announce significant achievements in early 2024. With RMB 65.2 billion in national fixed-asset investments in the railway sector during January and February, up by 9.5% year-on-year, the Company has set a rapid pace and injected vitality into railways modernisation. A Multifaceted Triumph Unfolding in Harmony CRCC underscored its commitment to project schedules and efficiency after Chinese New Year, swiftly returning to work o...
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....
No-moat China Railway Construction, or CRCC, reported 2018 second-half result in line with our estimates. As expected, the constructor took on less public-private-partnership projects, or PPP, investment-driven new contracts in 2018. As China’s financing environment continues to tighten, we expect the constructor to keep cutting back on the number of PPP, leading to lower margins in the years to come. The negative impact on profitability, however, will be offset by a lower level of capital exp...
No-moat China Railway Construction, or CRCC, reported 2018 second-half result in line with our estimates. As expected, the constructor took on less public-private-partnership projects, or PPP, investment-driven new contracts in 2018. As China’s financing environment continues to tighten, we expect the constructor to keep cutting back on the number of PPP, leading to lower margins in the years to come. The negative impact on profitability, however, will be offset by a lower level of capital exp...
No-moat China Railway Construction, or CRCC, reported 2018 second-half result in line with our estimates. As expected, the constructor took on less public-private-partnership projects, or PPP, investment-driven new contracts in 2018. As China’s financing environment continues to tighten, we expect the constructor to keep cutting back on the number of PPP, leading to lower margins in the years to come. The negative impact on profitability, however, will be offset by a lower level of capital exp...
No-moat China Railway Construction, or CRCC, reported 2018 second-half result in line with our estimates. As expected, the constructor took on less public-private-partnership projects, or PPP, investment-driven new contracts in 2018. As China’s financing environment continues to tighten, we expect the constructor to keep cutting back on the number of PPP, leading to lower margins in the years to come. The negative impact on profitability, however, will be offset by a lower level of capital exp...
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 mo...
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 mo...
China Railway Construction Corporation, or CRCC, and its larger competitor, China Railway Group, make up China's railway infrastructure construction duopoly. Since 2008, CRCC has benefited tremendously from China's massive building boom, doubling its revenue in just two years.Since 2011, CRCC has been in diversification mode. Its infrastructure construction business now accounts for 83% of revenue, down from nearly 90%. Beyond that, CRCC is mainly involved in related services: manufacturing, des...
No-moat China Railway Construction Corp reported third-quarter earnings that are on track to deliver our full-year estimate. The group’s top and bottom lines booked decent 6% and 20% year-over-year growth, respectively, in the third quarter. However, value of total new contracts signed posted a drop of 4% during the third quarter, broadly in line with what we have seen from its infrastructure peers. The company's uncompleted orders amounted to more than three times sales, boding well for futur...
Opportunity in EM countries Our cautious outlook and expectation for continued downward pressure on global equities remains intact. Broad global indexes (MSCI ACWI, ACWI ex-U.S., EAFE, and EM) are all trading within patterns of lower highs and lower lows, leading us to believe the most likely scenario is that this near-term bounce is likely nothing more than a countertrend rally before longer-term downtrends reassert themselves. • Opportunity in EM. Both a top-down and bottoms-up analysis po...
China Railway Construction Corporation, or CRCC, and its larger competitor, China Railway Group, make up China's railway infrastructure construction duopoly. Since 2008, CRCC has benefited tremendously from China's massive building boom, doubling its revenue in just two years.Since 2011, CRCC has been in diversification mode. Its infrastructure construction business now accounts for 83% of revenue, down from nearly 90%. Beyond that, CRCC is mainly involved in related services: manufacturing, des...
No-moat China Railway Construction Corp reported third-quarter earnings that are on track to deliver our full-year estimate. The group’s top and bottom lines booked decent 6% and 20% year-over-year growth, respectively, in the third quarter. However, value of total new contracts signed posted a drop of 4% during the third quarter, broadly in line with what we have seen from its infrastructure peers. The company's uncompleted orders amounted to more than three times sales, boding well for futur...
China Railway Construction Corporation, or CRCC, and its larger competitor, China Railway Group, make up China's railway infrastructure construction duopoly. Since 2008, CRCC has benefited tremendously from China's massive building boom, doubling its revenue in just two years.Since 2011, CRCC has been in diversification mode. Its infrastructure construction business now accounts for 83% of revenue, down from nearly 90%. Beyond that, CRCC is mainly involved in related services: manufacturing, des...
No-moat China Railway Construction Corp reported third-quarter earnings that are on track to deliver our full-year estimate. The group’s top and bottom lines booked decent 6% and 20% year-over-year growth, respectively, in the third quarter. However, value of total new contracts signed posted a drop of 4% during the third quarter, broadly in line with what we have seen from its infrastructure peers. The company's uncompleted orders amounted to more than three times sales, boding well for futur...
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