China Railway Group Limited, HKG:0390 has been Upgraded by HCM to a Must Own China Stock with a 2012 price target of $3.25 HKD issued today by Shayne Heffernan.
China Railway Group Limited, HKG:0390 is trading at a PE under 5 and returns a 4% Dividend.
China Railway Group Limited (China Railway) was established as a joint stock company with limited liability under PRC law on September 12, 2007 with a registered capital of RMB 12.8 billion which is 100% held by CRECG. The history of China Railway Group Limited can be traced back to the Construction Bureau and the Design Bureau of the Ministry of Railways established in 1950. Currently, China Railway is a super-large integrated construction group that encompasses infrastructure construction, survey, design and consulting services, engineering equipment and component manufacturing, property development and other businesses.
China Railway Group Limited has 46 subsidiaries, including 28 wholly owned subsidiaries, 15 holding subsidiaries, 4 branch companies and 3 joint venture subsidiaries. In the year of 2005 and 2006, China Railway was the forth and third largest construction company in the world, respectively. In 2007, CREC was ranked 342nd in the Fortune Global 500 companies, and listed the 417th in the World’s 500 Most Influential Brands and the 13th in China’s Top 500 Enterprises.
China Railway has participated in the construction of more than 22,660 kilometers of electrified railway lines, accounting for approximately 95% of the total operating length of electrified railway lines in the PRC as at 30 June 2007. China Railway has also been involved in the construction of more than 4,230 kilometers of bridges, more than 3,900 kilometers of tunnels (excluding subways), 3,400 kilometers expressways and 566 kilometers metropolitan railways. In addition, China Railway has undertaken the construction of and provided construction-related services for more than 230 overseas projects including railway, expressway, highway, bridge, tunnel, building construction, dredging, airport and municipal work projects in more than 55 countries and regions globally since the 1970s.
Since the 1980s, China Railway has won more than 200 national supreme prizes in the fields of engineering, construction, research and design. China Railway has built many new records in the construction history of bridges, tunnels and electrified railway lines in the PRC, Asia as well as around the world and make an outstanding contribution to China’s infrastructure construction and macro-economic development.
Bearing in mind the mission of “stick to scientific development; build up a harmonious corporation; create enterprise value”, China Railway Group Limited would like to cooperate with many of its friends to reach a win-win goal and build up an even brighter future.
Sales and Earnings Figures in U.S. Dollars (USD)
Shayne Heffernan
For More Information Contact
Linda Johnson, Business Development Director – Private Client Group, Heffernan Capital Management Sales@Heffcap.com
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