by winston » Fri Mar 03, 2023 1:55 pm
not vested
CHINA COMM CONS(1800)
Analysis:
CHINA COMMUNICATIONS CONSTRUCTION (1800) focuses on “big transportation” and “big city” and its core businesses are infrastructure construction, infrastructure design and dredging, respectively.
Its scope of business mainly consists of the investment, design, construction, operation and management of port, waterway, land reclamation, river basin management, road and bridge, railway, urban rail transit, municipal infrastructure, construction and environmental protection and related projects at home and abroad.
In 2022, the value of new contracts of the Group amounted to RMB 1,542,256 million, representing a year-on-year increase of 21.64%, achieving 109% of the annual goal.
The value of new contracts of the Group in the fourth quarter amounted to RMB510,095 million, representing an increase of 95.29% and 121.53% as compared to the corresponding period of 2021 and the third quarter of 2022, respectively.
The increase was mainly due to the lower than planned growth rate of new contracts in the first three quarters as the result of the epidemic, and the full liberalization of the epidemic prevention and control policy in the fourth quarter, which accelerated the landing and signing of qualified projects, thus achieving the outsized full-year growth. (I do not hold the above stock)
Strategy:
Buy-in Price: $4.15, Target Price: $4.65, Cut Loss Price: $3.90
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"