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China Railway Group ( (HK:0390) ) has shared an announcement.
China Railway Group Limited has announced that several of its key engineering subsidiaries have collectively secured a series of major railway construction and renovation contracts in China, including general contracting work on the Dongjiakou–Wulian Railway and Jiaoxin Railway expansion, the newly built Liu’an–Anqing and Yichang–Changde railway stations and related projects, as well as the renovation of Guangzhou East Station and associated line works. With total winning bid amounts exceeding RMB 2.3 billion across multi-year project timelines, these contracts are set to bolster the company’s project backlog, underpin revenue visibility, and further consolidate its leading position in China’s railway infrastructure sector, with positive implications for long-term operational scale and market share in core transport construction markets.
The most recent analyst rating on (HK:0390) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on China Railway Group stock, see the HK:0390 Stock Forecast page.
More about China Railway Group
China Railway Group Limited is a major Chinese state-backed infrastructure and construction conglomerate focused on railway engineering, urban rail transit, and large-scale transportation and civil works. Listed in both Shanghai and Hong Kong, the group operates through multiple specialized engineering subsidiaries that undertake design and general contracting projects across mainland China, positioning the company as a key player in the country’s rail and transport development programme.
Average Trading Volume: 24,136,205
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$145.4B
For a thorough assessment of 0390 stock, go to TipRanks’ Stock Analysis page.