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China Railways Rally 2% Credit Suisse reaffirms building gross margin growth view

Source: Internet
Author: User
Keywords Hong Kong dollar Ministry of Railways Gross margin
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China Railway H shares opened 2.35% to HK $6.1 this morning, closing 802,000 shares.　　Credit Suisse issued a report saying it maintained the stock's top market rating, with target prices up from HK $6.5 to HK $7.13, at a premium of 17% per cent. Credit Suisse refers to an increase of 6.9% to 7.6% per share of China railway in the 2009-2011 fiscal year to reflect improved revenue prospects. Still think China's construction wool margins will increase this year as raw materials are cheap and efficient, and the Ministry of Railways is likely to compensate for budget-poor rail projects.

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