---
title: "Citi: China National Fixed Asset Investment Deteriorates, Cuts CHINA COMM CONS  TP to HKD4"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291115421.md"
description: "Citi downgraded its target price for China Communications Constructionfrom HKD6 to HKD4, maintaining a Neutral rating. This adjustment follows deteriorating national fixed asset investment data, with the cumulative year-on-year decline widening to 4.1% in the first five months. Citi cites the real estate sector downturn as a key drag and views management's revenue growth guidance as overly optimistic, forecasting only 2% growth for the company this year."
datetime: "2026-06-29T08:45:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291115421.md)
  - [en](https://longbridge.com/en/news/291115421.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291115421.md)
generator: "portal-rs"
---

# Citi: China National Fixed Asset Investment Deteriorates, Cuts CHINA COMM CONS  TP to HKD4

Citi published a research report noting that, as China’s National Fixed Asset Investment deteriorated, the cumulative YoY decline for the first five months of this year widened to 4.1%, compared with a 1.6% drop for the first four months. The bank believes that the downturn in the real estate sector is one of the key drags.Citi lowered its TP on CHINA COMM CONS (01800.HK) -0.020 (-0.541%) Short selling $4.61M; Ratio 14.942% from HKD6 to HKD4 and maintained a Neutral rating.Based on fixed asset investment data for the first five months, the bank believes that management’s guidance of 6.8% revenue growth for this year appears overly optimistic. Citi forecasts that the company’s revenue will grow by only 2% this year. In addition, the company’s target of achieving 2 to 3% growth in newly signed contracts this year also reflects a cautious stance toward domestic fixed asset investment amid tightening government balance sheets. (sl/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-29 16:25.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**