China Railway Erju (600528): Large Orders to Enhance Performance

  • Contributor:TX Investment Consulting
  • Date:Jun 13, 2008
  • Price:$20.00
  • File Type: Adobe Acrobat Reader®
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Excerpts:

The company will benefit from reconstruction. After the earthquake in Sichuan, the company issued disaster announcement that the earthquake did not have adverse impact on the normal operation of the company as well as its assets and projects under construction. The company has been fully shifted to post-disaster reconstruction and it has purchased a number of related equipments to respond to future reconstruction. It has also started a number of post-disaster reconstruction projects related to technical preparations. It is expected that its 08-10 diluted EPS will be 0.42 yuan, 0.56 yuan and 0.74 yuan respectively. "Overweight" rating is unchanged.


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