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CRRC ( (HK:1766) ) has provided an announcement.
CRRC Corporation Limited has announced an Action Plan aimed at enhancing quality, increasing efficiency, and emphasizing returns, in response to an initiative by the Shanghai Stock Exchange. The plan includes creating an industrial pattern of ‘Two Tracks and Two Clusters’ to improve system solutions and solidify the company’s foundation for high-quality development. This involves upgrading the rail transit industry, improving strategic and emerging industries, and cultivating future industries through digital and intelligent technologies. The initiative is expected to strengthen CRRC’s market positioning and provide better returns for investors.
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 leading global supplier in the rolling stock industry, focusing on advanced technology and diverse offerings. The company is known for its high-speed trains, such as the ‘China Fuxing’ EMUs, and is expanding into the clean energy equipment sector, aiming to enhance its operational quality through strategic development and innovation.
Average Trading Volume: 20,059,576
Current Market Cap: HK$215.1B
See more insights into 1766 stock on TipRanks’ Stock Analysis page.