CITIC CLSA Assigns "Outperform" Rating to TIMES ELECTRIC (03898), Expects Railway Business Growth Over Next Three Years

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Oct 02

CITIC CLSA has issued a research report assigning an "outperform" rating to TIMES ELECTRIC (03898). The company announced on September 30 that its new orders from July to September totaled 54 billion RMB, including 37.8 billion RMB in electric multiple unit (EMU) sales. These sales stem from the second batch of EMU tenders announced by China National Railway Group on August 19.

The report notes that year-to-date, China has tendered 278 high-speed trains capable of 350 km/h, already surpassing last year's full-year total of 247 units. This reflects robust demand for passenger rail services and equipment replacement, which will benefit TIMES ELECTRIC as a key component supplier.

CITIC CLSA anticipates that China National Railway Group's sustained tendering momentum, combined with the upcoming railway equipment maintenance cycle, will drive continuous growth in the company's railway business over the next three years.

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The company announced on September 30 that its new orders from July to September totaled 54 billion RMB, including 37.8 billion RMB in electric multiple unit (EMU) sales. These sales stem from the second batch of EMU tenders announced by China National Railway Group on August 19.</p>\n<p>The report notes that year-to-date, China has tendered 278 high-speed trains capable of 350 km/h, already surpassing last year's full-year total of 247 units. 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The company announced on September 30 that its new orders from July to September totaled 54 billion RMB, including 37.8 billion RMB in electric multiple unit (EMU) sales. These sales stem from the second batch of EMU tenders announced by China National Railway Group on August 19.</p>\n<p>The report notes that year-to-date, China has tendered 278 high-speed trains capable of 350 km/h, already surpassing last year's full-year total of 247 units. This reflects robust demand for passenger rail services and equipment replacement, which will benefit TIMES ELECTRIC as a key component supplier.</p>\n<p>CITIC CLSA anticipates that China National Railway Group's sustained tendering momentum, combined with the upcoming railway equipment maintenance cycle, will drive continuous growth in the company's railway business over the next three years.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0279","symbol_name":"运输设备","start_time":0,"source_url":"","article_id":"1155506615","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155506615","pubTimestamp":1759377021,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"CITIC CLSA has issued a research report assigning an \"outperform\" rating to TIMES ELECTRIC (03898). The company announced on September 30 that its new orders from July to September totaled 54 billion...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688187":"时代电气","BK0279":"运输设备","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","BK1565":"高铁基建股","BK1116":"电气部件与设备","03898":"时代电气","BK1171":"建筑机械与重型卡车"},"translate_title":"中信里昂予时代电气(03898)“跑赢大市”评级预计未来三年铁路业务增长","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688187":1,"03898":1},"content_text":"CITIC CLSA has issued a research report assigning an \"outperform\" rating to TIMES ELECTRIC (03898). The company announced on September 30 that its new orders from July to September totaled 54 billion RMB, including 37.8 billion RMB in electric multiple unit (EMU) sales. 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