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2026-11-05 15:41:05 Morgan Stanley published a research report stating that after years of strong growth, tender growth for electric multiple units at CRRC (01766.HK) is expected to peak, although overall growth is still expected to remain stable. The broker favors the company's defensive characteristics, but considering the muted growth outlook, it believes the valuation lacks sufficient attractiveness. Morgan Stanley raised the TP from HKD5 to HKD5.6 and maintained an "Underperform" rating. Based on the performance in the first three quarters, Morgan Stanley slightly lowered its full-year revenue forecast for CRRC (01766.HK) by 1% and raised its 2027 revenue forecast by 1%, expecting the growth outlook to become more stable. It also cut its 2026 net profit forecast by 3%, while its 2027 net profit forecast was largely unchanged. (gc/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |