MBCSCIH@EC2608A

JPMorgan Downgrades China Construction International's 2025 Profit Forecast

Huatai Securities Analyzes China State Construction International's Q3 Performance

HSBC 下调 China Construction International 目标价及盈利预测

China State Construction to Release FY2025 Q3 Earnings Report on October 27, Pre-Market BJT

JPMorgan Report: China State Construction International to Benefit from the Development of the Northern Metropolis Area

China Overseas Construction International 没收未领取股息

CHINA STATE CON released FY2025 Q1 earnings on August 20, 2025 (BJT) with actual revenue HKD 0 and actual EPS HKD 0

China State Construction released FY2025 Q2 earnings on August 20 Pre-Market (BJT), actual revenue HKD 28.32 B, actual EPS HKD 0.5071

CHINA STATE CON released FY2025 Semi-Annual Earnings on August 20 Pre-Market (BJT), actual revenue HKD 56.64 B, actual EPS HKD 1.0142

CHINA STATE CON to Release FY2025 Semi-Annual Earnings on August 20, 2025 (BJT)

China Construction International's Stable Earnings and Rising Stock Price

BOC International Maintains Buy Rating for China State Construction International

JPMorgan Raises Target Price for China State Construction International to HKD15

GlC Private Limited Buys Shares in China State Construction International

CICC Maintains Overweight Rating on China Overseas Infrastructure

China Construction International Announces Q1 Earnings

China State Construction International Announces Q1 Earnings and Currency Change

China State Construction FY2025 Q1 Earnings Release on April 25, 2025 (BJT)

Wang Xiaoguang Increases Holdings in China State Construction International by 30,000 Shares

Citi Downgrades China State Construction International's 2025-2026 Earnings Forecast, Target Price Slightly Raised to 15 HKD

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CHINA INFO TECH

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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

CHINA STATE CON

CSCEC

Kuwait awards $3.3 bln sewage plant contract to Chinese group

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

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

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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

Galaxy Entertainment Group

GALAXY ENT

Techtronic Industries

TECHTRONIC IND

JPMorgan Chase

HANG LUNG PPT

AIA Group

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

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

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

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

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

According to the latest information from the Hong Kong Stock Exchange, on September 19th, independent non-executive director Chen Zizheng increased his holdings in China State Construction International by 200,000 shares, with an average price of HKD 9.89 per share, totaling HKD 1.978 million. After the increase, the latest number of shares held is 200,000 shares

Independent non-executive director Chen Zizheng increased his holdings in China State Construction International by 200,000 shares at an average price of HKD 9.89 per share

JP Morgan released a research report stating that the Northern Metropolis will be elevated as a strategic focus in the 2025 Hong Kong Policy Address, marking the government's first plan to introduce dedicated legislation and establish a committee to accelerate the development of the Northern Metropolis, highlighting its commitment to the transformation of the region. The report indicates that CHINA STATE CON has become a major beneficiary, having secured over one-third of the market share for new projects in the Northern Metropolis. With enhanced policy support and project momentum, the company is positioned for strong growth. The target price is HKD 15, with a rating of "Overweight."

Morgan Stanley: CHINA STATE CON is the main beneficiary of Beidu, target price HKD 15

According to the announcement from CHINA STATE CON, the unclaimed final dividend for the year 2018 and the interim dividend for the year 2019 will be forfeited and returned to the company on September 8, 2025

CHINA STATE CON will confiscate a series of unclaimed dividends

China State Construction International announced that its wholly-owned subsidiary, China State Construction International Investment, signed a factoring arrangement on August 20, 2025, involving accounts receivable transfer contracts with Huzhou Haichuang and factoring contracts with China State Construction Commercial Factoring. China State Construction Commercial Factoring will provide RMB 200 million in funding to China State Construction International Investment at a discount rate of 92.8%, with a factoring service period not exceeding 18 months. This arrangement will provide the group with immediate funds to support operations and business development, optimize asset structure, and improve capital efficiency

China State Construction International's subsidiary establishes factoring arrangement

According to the announcement from CHINA STATE CON, the company will distribute an interim dividend of HKD 0.34 per share for the six months ending June 30, 2025, on October 10, 2025

CHINA STATE CON will distribute an interim dividend of HKD 0.34 per share on October 10

According to the latest data from the Hong Kong Stock Exchange, on August 5th, GlC Private Limited reduced its holdings in CHINA STATE CON by 470,000 shares, at a price of HKD 11.6414 per share, totaling approximately HKD 5.4715 million. After the reduction, the latest number of shares held is approximately 369 million, accounting for 6.99% of the total shares

GlC Private Limited reduced its holdings in CHINA STATE CON by 470,000 shares at a price of approximately HKD 11.64 per share

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JP Morgan released a report listing the preferred stocks for the MSCI Hong Kong Index: Stocks │ Investment Rating AIA │ Overweight Bank of China Hong Kong │ Overweight Galaxy Entertainment │ Overweight Hong Kong Stock Exchange │ Neutral Link REIT │ Overweight Techtronic Industries │ Overweight MGM CHINA │ Overweight China State Construction International │ Overweight

MGM CHINA

JP Morgan lists preferred stocks for the MSCI Hong Kong Index (Table)

MBCSCIH@EC2608A(23948.HK)

Kuwait awards $3.3 bln sewage plant contract to Chinese group

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

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

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

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