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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  CRRC Corp Ltd    601766   CNE100000CP9

CRRC CORP LTD

(601766)
  Report  
End-of-day quote. End-of-day quote SHANGHAI STOCK EXCHANGE - 06/25
8.08 CNY   -1.10%
05/21CRRC : PBTS signs another APM project in...
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CRRC : PBTS signs another APM project in...

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05/21/2019 | 03:03am EDT

Recently, CRRC Puzhen Bombardier Transportation Systems Co., Ltd.(PBTS) has signed a new contract on Bukit-Panjang Light Rapid Transit. Except for delivering a total of nineteen cars (INNOVIA APM 300R), PBTS will also be responsible for services such as train commissioning and quality assurance. All the production and commissioning will be completed by PBTS Wuhu facility.

As required, PBTS will be fulfilling the delivery from Sep 2020 to Oct 2022. The existing thirteen vehicles (INNOVIA APM 100) will be replaced by nineteen 300R APM. The operation service will start at around 1st Dec, 2022.

PBTS vehicles will be running on an elevated urban rail transit loop in Bukit Panjang, an area that is densely populated in Singapore. Two of the stations on the loop will be connected to Singapore Metro network.

Regarding the renovation of the existing line, the professional performance and prime products of PBTS' parent companies repeatedly earn the trust of customers. Meanwhile, PBTS will take this opportunity to contribute to the growth of Singapore's urban rail transit.

Recent years witness the diversified development of urban rail transit and the rising demand for medium-volume traffic systems. Automatic Passenger Rapid Transit System (APM) has become an inevitable requirement for the multi-level development of rail transit network. APM vehicles work for additional lines, connecting lines and supplementary lines in the backbone network of mass transit, which makes APM the preferred choice in reorganizing urban rail transit networks in newly-emerged small and medium-sized cities.

Disclaimer

CRRC Corporation Limited published this content on 21 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 May 2019 07:02:06 UTC

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Financials (CNY)
Sales 2019 242 B
EBIT 2019 17 910 M
Net income 2019 13 383 M
Finance 2019 16 419 M
Yield 2019 2,07%
P/E ratio 2019 17,45
P/E ratio 2020 15,39
EV / Sales 2019 0,86x
EV / Sales 2020 0,75x
Capitalization 225 B
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Technical analysis trends CRRC CORP LTD
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 8,73  CNY
Spread / Average Target 6,9%
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Managers
NameTitle
Yong Cai Sun President & Executive Director
Hua Long Liu Chairman
Jun Wang Chairman-Supervisory Board
Yan Jing Zhan Chief Financial Officer & Vice President
Zong Xiang Xu Executive Director
Sector and Competitors