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| 文件名: 20111114 China Infrastructure.pdf | |
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HSBC Global Research: China Infrastructure
Date: 14 November 2011 Language: English Pages: 60 詳細內容如: Prefer train makers to construction companies 4 Light at the end of the tunnel 4 Valuation comparison 7 More track, more traffic, more trains 9 Demand driver 1: network expansion, fleet upgrade 9 Demand driver 2: increasing traffic 11 Demand driver 3: replacement and maintenance cycles 11 New product development and overseas market 14 Overseas market potential 14 Applying technology across industries 15 Company section 19 CSR Corp 19 Zhuzhou CSR Times 30 China Communications Construction 35 China Railway Construction 38 China Railway Group 41 Key investment risks 44 Appendix 46 CSR Corporate Structure 46 Key products for CSR Corp 47 Technology terms 51 China’s high-speed railway network in 2020 53 Disclosure appendix 55 Disclaimer 59 |
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