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CRRC ( (HK:1766) ) just unveiled an announcement.
CRRC Corporation Limited has announced the signing of several significant contracts, totaling approximately RMB32.92 billion, with both domestic and international clients. These contracts, which account for about 13.4% of the company’s 2024 revenue, involve the sale and maintenance of urban rail transit vehicles, locomotives, wind power equipment, and freight wagons. This strategic move is expected to bolster CRRC’s market position and enhance its operational capabilities across various sectors.
The most recent analyst rating on (HK:1766) stock is a Buy with a HK$6.20 price target. To see the full list of analyst forecasts on CRRC stock, see the HK:1766 Stock Forecast page.
More about CRRC
CRRC Corporation Limited is a joint stock company based in the People’s Republic of China, primarily engaged in the manufacturing and maintenance of rail transit vehicles, locomotives, and related equipment. The company operates in both domestic and international markets, focusing on urban rail transit, wind power equipment, and energy storage solutions.
Average Trading Volume: 18,510,126
Current Market Cap: HK$225B
For a thorough assessment of 1766 stock, go to TipRanks’ Stock Analysis page.