CRRC's historical ROCE trend is uninspiring, with increased capital not being deployed into high return investments. High current liabilities at 54% of total assets introduce risk. These trends aren't typical of multi-baggers, suggesting better opportunities elsewhere.
CRRC's lower P/E ratio may suggest investors anticipate limited growth, hence the reduced stock price. Its underwhelming earnings outlook appears to contribute to the low P/E, making a significant share price increase unlikely.
Moody’s Investors Service downgraded the credit rating outlook for eight Chinese banks to "Negative", including$ABC (01288.HK)$$BANK OF CHINA (03988.HK)$$CCB (00939.HK)$$ICBC (01398.HK)$$PSBC (01658.HK)$, Agricultural Development Bank of China, China Development Bank, and Export-Import Bank of China. This decision aligned with Moody's recent downgrade of China's sovereign rating outlo...
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The problem is in China, it is one man deciding. yesterday , it came to light that Xi guided central bank to buy treasury bond in Oct 23 but was reported in the news. It signifies such monetary decision is not central bank or by Xi who chairs all important meetings including financial ones. it means if there is pro market ideas but as long as Xi dont agree, it wont get implemented. No wonder or western funds ran away in 2023.
CRRC Stock Forum
$CRRC (01766.HK)$
🎉 16% gain in 5 days from bo buy point…peelin gains into strength is a good idea
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