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China's iron ore falls 2% but cpy is expected to grow rapidly this year

Source: Internet
Author: User
Keywords Premium Hong Kong dollar Chinese government morning
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China's Chinese iron and steel exchange, which rebounded after the morning market, was hit by a profit-taking return, with shares now falling 2.21% to HK $6.64 and trading 26.05 million shares.　　Jinghua Hill One (cpy) issued a report to give the unit a neutral rating, the target price of 6.8 Hong Kong dollars, than the market premium of 2%. Cpy pointed out that under the Chinese Government's vigorous development of infrastructure, China Railway orders will grow rapidly this year, with a compound growth rate of 09-11 years up to 21.2%. And the profit margin will continue to improve in the next few years because of the successful cost control and the contract when the raw material price is high.

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