According to a research report published by Morgan Stanley, CRRC's growth in EMU tenders is expected to peak after years of strong growth, but overall growth will remain steady. It is optimistic about its defensive characteristics, but considering the lackluster growth prospects, it believes that the valuation is not attractive enough, and raised the target price from HK$5 to HK$5.6, with a rating of “outperforming the market.” Based on the performance of the first three quarters, Damo lowered CRRC's revenue forecast for the full year of this year by 1% and raised its 2027 revenue forecast by 1%. It is expected that the growth outlook will be more stable. It also lowered the 2026 net profit forecast by 3%, and the 2027 net profit forecast remained largely unchanged.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.