China Railway Group 2026 Outlook Remain Muted -- Market Talk

Dow Jones

04/07

0438 GMT - China Railway Group's 2026 earnings outlook remains muted given lower-than-expected top-line guidance, Citi analyst Eric Lay says in a note. Management's guidance for a 7% on-year decline in 2026 revenue is below the bank's estimate of flat growth. Citi has cut its 2026-27 earnings estimates by 13%-20%. However, it maintains a buy rating, citing growth prospects from a recovery in China's infrastructure spending. Citi also lowers its target price to HK$4.80 from HK$5.10 to reflect the earnings revision. The stock was last quoted at HK$4.080.(venkat.pr@wsj.com)

(END) Dow Jones Newswires

April 07, 2026 00:38 ET (04:38 GMT)

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Management's guidance for a 7% on-year decline in 2026 revenue is below the bank's estimate of flat growth. Citi has cut its 2026-27 earnings estimates by 13%-20%. However, it maintains a buy rating, citing growth prospects from a recovery in China's infrastructure spending. Citi also lowers its target price to HK$4.80 from HK$5.10 to reflect the earnings revision. 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Management's guidance for a 7% on-year decline in 2026 revenue is below the bank's estimate of flat growth. Citi has cut its 2026-27 earnings estimates by 13%-20%. However, it maintains a buy rating, citing growth prospects from a recovery in China's infrastructure spending. Citi also lowers its target price to HK$4.80 from HK$5.10 to reflect the earnings revision. The stock was last quoted at HK$4.080.(venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 07, 2026 00:38 ET (04:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"601390","symbol_name":"中國中鐵","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2625981486","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2625981486","pubTimestamp":1775536680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0438 GMT - China Railway Group's 2026 earnings outlook remains muted given lower-than-expected top-line guidance, Citi analyst Eric Lay says in a note. Management's guidance for a 7% on-year decline in 2026 revenue is below the bank's estimate of flat growth. Citi has cut its 2026-27 earnings estimates by 13%-20%. However, it maintains a buy rating, citing growth prospects from a recovery in China's infrastructure spending. Citi also lowers its target price to HK$4.80 from HK$5.10 to reflect the earnings revision. 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Management's guidance for a 7% on-year decline in 2026 revenue is below the bank's estimate of flat growth. Citi has cut its 2026-27 earnings estimates by 13%-20%. However, it maintains a buy rating, citing growth prospects from a recovery in China's infrastructure spending. Citi also lowers its target price to HK$4.80 from HK$5.10 to reflect the earnings revision. The stock was last quoted at HK$4.080.(venkat.pr@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 07, 2026 00:38 ET (04:38 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}