JPMorgan reported that CHINA RAILWAY (00390.HK) 0.000 (0.000%) Short selling $28.24M; Ratio 53.734% posted weaker results in 1Q26, with revenue down 5% YoY, net profit down 28% YoY, and new orders declining 40% YoY. The bank believes the drop in orders is more a timing issue than a structural problem, mainly affected by a pause in tendering activities between the 14th Five-Year Plan and the 15th Five-Year Plan.Management reiterated its full-year earnings guidance and expects orders to recover on a QoQ basis starting from 2Q26.JPM maintains its Overweight rating on CHINA RAILWAYs H shares with a TP of HKD5.3. The bank added that a visible rebound in order intake in 2Q26 and stabilizing gross margin will be key catalysts to watch. (hc/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-04 16:25.)
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