Broker Name and Date
Report Date: September 24, 2024
Broker: CGS-CIMB Securities
Company Overview
China Railway Construction Corp Ltd (Stock Code: 1186) is a major player in the construction and infrastructure sector, particularly in the railway construction domain. The company is listed in Hong Kong and is noted for its robust project portfolio and growth potential.
Stock Performance Overview
As of September 24, 2024, China Railway Construction Corp Ltd is highlighted as a technical buy. The stock is currently in a steady uptrend, with strong potential for continued upward movement.
Technical Analysis
The technical outlook for China Railway Construction Corp Ltd demonstrates positive signals, indicating a stable uptrend. Below are the key technical details and levels:
- Entry Prices
- Primary entry price: HK$5.69
- Additional entry points: HK$5.41, HK$5.10
- Stop Loss
- Set at HK$4.92 to limit downside risk in case of a price reversal.
- Target Prices
- Target Price 1: HK$6.11
- Target Price 2: HK$6.76
- Target Price 3: HK$7.40
- Target Price 4: HK$8.20
Conclusion
China Railway Construction Corp Ltd is showing a strong technical uptrend, supported by strategic entry points and defined price targets. Investors are advised to monitor key levels, including the stop-loss at HK$4.92, while the target prices indicate significant potential for gains.
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