[ET Net News Agency, 13 January 2020] Daiwa Research tweaked its target price for China
Communications Construction (CCC)(01800) to HK$8 from HK$7.9 and maintained its "buy"
rating.
The research house sees potential recovery in CCC's overseas business, driven by the
restart of several overseas projects and a faster pace in winning new orders. Daiwa also
expects its gearing ratio to stabilise over 2019-20, thanks to asset disposal and
innovative financing.
Daiwa noted that CCC won a few material overseas contracts in 4Q 2019, including the
USD2.2bn bridge project in Brazil and US$5bn metro project in Colombia. (KL)
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01800 CHINA COMM CONS
Nominal 
4.030 -0.130 (-3.125%) Others
13/01/2020 11:22
{I-bank focus}Daiwa tweaks China Comm Cons (01800) to HK$8
| Remark: | Real time quote last updated: 16/04/2024 17:59 |
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