Sniper

The Report is produced in Chinese only.

昔日報告:
  29-04-2024 (星期一) “以舊換新”靴子落地,車市或迎小陽春
  02-04-2024 (星期二) 品牌服飾與鞋類正進入補貨週期
  11-03-2024 (星期一) 新一輪以舊換新政策或提振市場情緒
  27-11-2023 (星期一) 試點開始,智能網聯汽車關注度提升
  06-11-2023 (星期一) 2023 年第三季全球 PC 出貨量再次下降
[第1頁 / 共66頁]

2019年中國鐵路投資有望維持高位

2019年1月3日,中國鐵路總公司召開年度工作會議,資訊顯示,2018年全國鐵路投產新線里程是4683公里,其中包括高鐵4100公里。預計2019年將投產新線6800公里,其中高鐵3200公里。2018年全國鐵路固定資產投資完成額為8028億元,中鐵總在2018年年初制定的計畫完成額是7320億元,全年超額完成投資任務708億元,超出計畫9.67%。中鐵總指出2019年全國鐵路固定資產投資將保持強度規模,並沒有公佈2019年具體的全國鐵路固定資產投資額。

建議關注基礎設施建設類股票,如中國通號(3969HK)。中國通號從事軌道交通控制系統的設計與集成、設備製造及系統交付,是全球唯一可在整個產業鏈獨立提供全套產品和服務的軌道交通控制系統解決方案提供商。未來幾年公司的鐵路業務收入將保持較快增速,主要受益於鐵路投資增長提速、高鐵控制系統面臨更新等因素。另外,中國城軌市場潛力巨大。2012-17年,中國通號公司來自城市軌道交通業務收入的年均複合增速保持在33.5%以上。2018年前9個月,公司在城市軌道交通領域簽訂的外部合同總額為人民幣79.0億元,較2017年同期增長40.0%。城市軌道交通業務將繼續是公司發展的重要增長點。

撰稿: 周霖研究分析員
電話:
+852 2277 6515

電郵地址:
euruszhou@phillip.com.hk
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us