China Communications Construction 1800

Re: China Communications Construction 1800

Postby winston » Wed Jul 20, 2016 9:53 pm

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China Communications Construction (1800 HK)

CCCC is engaged in the construction and design of transportation infrastructure dredging and port machinery manufacturing business.

The company benefits from the “One Belt One Road” initiative as it has the highest exposure to overseas markets among peers.

Its overseas revenue accounted for 19% of total revenue and 24% of total new orders in 2015.

The company’s target of at least 20% earnings growth from overseas projects in 2016 is a key growth driver.

We maintain a BUY rating on CCCC with a target price of HK$12.70.

Source: UOBKH
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Re: China Communications Construction 1800

Postby winston » Wed Aug 31, 2016 7:28 am

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Rail firms on steady track

by Esther Yu

State backed China Communications Construction Company (1800) said its net profit in the first half rose by 7 percent to 7.26 billion yuan (HK$8.44 billion).

Earnings per share were at 40 fen. It did not declare any interim dividend.

It said the value of new contracts during the period rose 8 percent to 283.795 billion yuan from a year earlier.

Revenue from infrastructure construction, the segment that accounts for more than 80 percent of total income, was 1.4 percent higher at 152.28 billion yuan, raising total revenue to 182.31 billion yuan.

About 22 percent of its revenue were generated overseas, amounting to 39.46 billion yuan. New contracts from foreign projects accounted for 32 percent of the total.

Capital expenditure was down by 30 percent to 22.82 billion yuan, due mainly to a reduction in spending on build-operate-transfer projects. Total borrowings fell 11 percent to 283.75 billion yuan.

Source: The Standard
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Re: China Communications Construction 1800

Postby winston » Tue May 16, 2017 7:59 am

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Related shares of "One Belt", such as China Communication Construction (1800) gained 1.2 percent to HK$11.04.

Trading at 9.9 times price-to-earnings, with 2 percent yield, the stock's valuation is attractive

Source: Dr Check, The Standard
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Re: China Communications Construction 1800

Postby winston » Thu Jul 27, 2017 5:53 am

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I like China Comm Cons (1800). It mainly engages in infrastructure design and construction projects, and its business is more diversified among the top three major listed infrastructure companies in Hong Kong.

Daiwa raised its target price to HK$11.30 and upgraded its rating to "outperform." The research house expects CCC's new-order growth to remain strong and gross profit margins to improve over 2017-20.

Management expects its new PPP , rojects to reach 180 billion yuan (HK$205 billion) in 2017 after 731 billion yuan of new orders in 2016, given that this year the company expects to sign many of the projects it had won in 2016.

Source: Dr Check, The Standard
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Re: China Communications Construction 1800

Postby winston » Fri Mar 03, 2023 1:55 pm

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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
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