MBCSCIH@EC2603A(20429.HK)

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MBCSCIH@EC2603A
20429.HK
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Kuwait awards $3.3 bln sewage plant contract to Chinese group

Kuwait has awarded a $3.3 billion contract to China State Construction Engineering Corp to build the North Kabd sewage treatment plant, the largest in the country. The project, approved by the Central Agency for Public Tenders, is part of broader China-backed developments in Kuwait, including a $4 billion port project. The plant will process up to 1 million cubic meters of wastewater daily and will be designed, built, operated, and maintained by the Chinese company over a 10-year period. Kuwait faces challenges in reusing treated wastewater due to infrastructure limitations.

Reuters·
HK
03311
+3.36%
SH
601668
+3.21%
Reuters·
HK
03311
+3.36%
SH
601668
+3.21%

The highest premium rate is nearly 40%! China State Construction International spent over 2 billion yuan to "bottom fish" multiple resettlement land parcels in Guangzhou

Since October 10, 2025, in the past two and a half months, China State Construction International has consecutively acquired four pieces of resettlement land in the Baiyun and Conghua districts of Guangzhou, with a total expenditure exceeding 2 billion yuan, intensively laying out in the urban renewal sector, and all of them are locked in for repurchase

Wallstreetcn·
HK
03311
+3.36%
Wallstreetcn·
HK
03311
+3.36%

JP Morgan lists its preferred stocks for Hong Kong stocks in the first quarter of next year (Table)

JPMorgan Chase released its outlook report for Hong Kong stocks in 2026, listing its preferred stocks for the first quarter of next year: Futu Holdings, Hong Kong Stock Exchange, AIA, Galaxy Entertainment, MGM China, Techtronic Industries, China State Construction, MTR, Link REIT, HANG LUNG PPT

AASTOCKS·
US
GXYYY
+0.52%
HK
00027
+0.71%
US
TTNDY
+4.64%
AASTOCKS·
US
GXYYY
+0.52%
HK
00027
+0.71%
US
TTNDY
+4.64%

Morgan Stanley: Cuts the target price for CHINA STATE CON to HKD 13, management withdraws profit guidance

JP Morgan released a research report stating that China State Construction International's net profit after tax in the third quarter increased by 8.4% year-on-year, higher than the bank's expectation of a 5% year-on-year increase. However, management has withdrawn its guidance for double-digit profit growth for the full year, as well as for maintaining positive and continuously growing operating cash flow, citing macroeconomic uncertainties and the need for funding for upcoming investments; nonetheless, the strategic direction remains unchanged. Management reiterated its commitment to maintaining positive operating cash flow, with a dividend payout ratio of no less than 30%. The bank has lowered its profit forecast for 2025, now expecting an 8% year-on-year growth, implying a 15% rebound in fourth-quarter profits compared to last year's low base. For 2026 and 2027, the bank has adjusted its profit forecast to mid-single digits; the target price has been reduced from HKD 15 to HKD 13, maintaining an "Overweight" rating

Zhitong·
HK
03311
+3.36%
Zhitong·
HK
03311
+3.36%

"Da Xing" Huizheng cuts CHINA STATE CON's target price to 8.5 yuan, revenue slows down

HSBC Global Research has lowered the target price for CHINA STATE CON from RMB 12.5 to RMB 8.5, maintaining a "Hold" rating. The stock has fallen 22% since the announcement of its interim results, due to a valuation downgrade triggered by slowing growth. Although net profit year-on-year growth accelerated to 8% in the third quarter, quarterly sales fell 16% year-on-year. The bank has reduced its earnings forecast for this year by 1%, and by 6% for both next year and the year after

AASTOCKS·
HK
03311
+3.36%
AASTOCKS·
HK
03311
+3.36%
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