CRSC (3969.HK) Investment in infrastructure projects rebounded in 2019; listing in STI board could be a catalyst Hong Kong June 7, 2019 639

PSR Recommendation: BUY Status: Upgraded
Target Price: HKDHKD6.64

Investment Summary
CRSC is a leader in the global rail transportation control system market, which mainly
engaged in design and integration, equipment manufacturing and system implementation
of rail transportation control systems. It is the only rail transportation control system
solution provider in the world, which is capable of independently providing the entire
suite of products and services with competitive advantages across the whole industry
value chain. We derived a TP of HK$6.64, and upgraded to a “Buy” rating due to the
recent drop in share price, with a potential upside of 29.7%.(Closing price at 4 Jun 2019)

About the author

Profile photo of Terry Li

Terry Li
Investment Analyst

Graduated from Lingnan University, with Master of Science in International Banking and Finance and Bachelor of Business Administration respectively. Specializes in analyzing company fundamentals and valuation to explore investment opportunities in TMT, Education and Financial industry.

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