1007 GMT - China Railway Group is expected to see a recovery in growth for new orders for FY 2025, says OCBC's equity research team, pointing to the company's target of CNY2.8T for the period. OCBC says the issuance of special bonds in 2H25 and likely improved order execution are expected to support the recovery. The company also expects margins to improve through cost controls and lower financing costs. OCBC holds a buy rating on China Railway Group's stock, setting its fair value estimate at HK$5.39, with its H shares last closing at HK$3.76. (jason.chau@wsj.com)
(END) Dow Jones Newswires
September 19, 2025 06:07 ET (10:07 GMT)
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