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<Research>Citi Chops TP on CHINA RAILWAY (00390.HK) to HKD4.8, Rating Buy
Recommend 6 Positive 6 Negative 4 |
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Citi issued a research report covering CHINA RAILWAY (00390.HK), of which 2025 results missed forecast. Its net profit declined YoY by 18% to RMB22.9 billion, below the broker's forecast of RMB25 billion. Revenue sank YoY by 5.8% to RMB1.093 trillion, also missing expectations. Management expected revenue to drop YoY by about 7% in 2026, more pessimistic than the broker's previous forecast of flat growth. The broker chopped its earnings forecasts on the company for 2026-27 by 13-20%, cut its TP from HKD5.1 to HKD4.8, and gave a Buy rating. Auto-translated by AI AASTOCKS Financial News |
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