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Citi: Raised the Target Price for CHINA STATE CON (03311) to HKD 15, rating "Buy."
The bank believes that due to the deterioration of the macro environment in the second half of last year and the slowdown in the commencement of new projects, the performance of CHINA STATE CON (03311) in 2024 will be worse than expected.
CITIC: Maintains CHINA STATE CON (03311) as outperforming the Industry rating, with a Target Price of HKD 13.5.
Looking ahead, the bank believes that as the commercial conditions for the company's Mic and BIPV projects gradually mature, emerging projects are expected to accelerate development and become new growth points for the company in the future.
CHINA STATE CON (3311.HK): Cash / Money Market has seen positive growth for three consecutive years, driving innovative high-quality development.
The Earnings Reports of CHINA STATE CON are vibrant with the flourishing vitality of new productivity.
CSC DEVELOPMENT (00830) renews a related transaction agreement worth 7 billion Hong Kong dollars.
Jinwu Financial News | CSC DEVELOPMENT Group has entered into a new subcontract agreement with CHINA STATE CON (03311), effective from July 1, 2025, to June 30, 2028, for a period of three years. According to the agreement, CHINA STATE CON will appoint CSC DEVELOPMENT Group as its subcontractor or service provider to provide construction engineering, project consulting, and management services, with an annual transaction limit of 7 billion HKD. As CHINA STATE CON indirectly holds 70.78% of the shares of CSC DEVELOPMENT, this constitutes a continuing connected transaction, requiring approval from independent Shareholders. The announcement indicates that the pricing under the new agreement will follow general principles.
Hong Kong stock fluctuation | CHINA STATE CON (03311) fell over 6% after the earnings report, with an annual net profit growth of 2.1%. The company completed a rights issue, netting 3 billion Hong Kong dollars.
CHINA STATE CON (03311) dropped over 6% after its performance report, as of the time of writing, down 6.75%, reported at 11.88 Hong Kong dollars, with a transaction amount of 51.1425 million Hong Kong dollars.
CHINA STATE CON (03311) will distribute a final dividend of HKD 0.285 per share on July 11.
CHINA STATE CON (03311) announced that the company will distribute the final dividend of... per share on July 11, 2025.