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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Railway Construction Corp Limited    601186   CNE1000009T1

CHINA RAILWAY CONSTRUCTION CORP LIMITED

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China Railway Construction : Azerbaijan, China may cooperate on railway infrastructure

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08/15/2019 | 12:16am EDT

China Civil Engineering Construction Corporation (CCECC), specializing in the field of railway construction, is interested in cooperating in infrastructure projects in Azerbaijan, representatives of the CCECC (a subsidiary of China Railway Construction Corporation Limited (CRCC)) said at a meeting with Azerbaijani Minister of Economy Shahin Mustafayev, Trend reports referring to the ministry.

In turn, Mustafayev noted that relations with China are developing in all directions, including logistics, transit of goods, trade, investment and ICT. The two countries are also cooperating in the humanitarian field, working to expand tourism exchange.

According to the minister, there is potential for further expansion of ties. Azerbaijan has a trade representative office in China, along with trade and wine houses. The Azerbaijan-China Intergovernmental Commission on Trade and Economic Cooperation plays an important role in expanding bilateral cooperation.

Mustafayev provided information about projects for the reconstruction of the country's road infrastructure and railway network. According to him, the favorable investment environment in Azerbaijan creates a good base for cooperation with the CCECC.

According to CCECC's Director General of the Department of Foreign Investments in Eurasia, the corporation specializes in the construction of high-speed railways, airports, subways, ports and power plants.

Given the close cooperation between the two countries, including within the framework of the One Belt, One Way project, the company's experience with international operations can be useful in Azerbaijan.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials (CNY)
Sales 2019 804 B
EBIT 2019 33 487 M
Net income 2019 20 061 M
Debt 2019 71 604 M
Yield 2019 2,54%
P/E ratio 2019 6,19x
P/E ratio 2020 5,56x
EV / Sales2019 0,24x
EV / Sales2020 0,23x
Capitalization 121 B
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 12,39  CNY
Last Close Price 9,11  CNY
Spread / Highest target 65,8%
Spread / Average Target 36,0%
Spread / Lowest Target 7,57%
EPS Revisions
Managers
NameTitle
Shang Biao Zhuang President & Executive Director
Xi Rui Cao Chairman-Supervisory Board
Fen Jian Chen Chairman
Xiuming Wang Chief Financial Officer & Chief Accountant
Guo Bin Xia Executive Director
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