|Bid||7.78 x 0|
|Ask||7.79 x 0|
|Day's Range||7.77 - 7.83|
|52 Week Range||7.25 - 10.04|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.54|
U.S. Senate Democratic leader Chuck Schumer is asking the federal government to investigate if a plan for new subway cars in New York City, designed by a Chinese state-owned firm, could pose a threat to national security. The move comes after China's CRRC Corp Ltd
April 29 (Reuters) - CRRC Corp Ltd: * SAYS Q1 NET PROFIT UP 40.2 PERCENT Y/Y Source text in Chinese: https://bit.ly/2vtmZcU Further company coverage: (Reporting by Hong Kong newsroom)
March 28 (Reuters) - CRRC Corp Ltd: * SAYS 2018 NET PROFIT UP 4.8 PERCENT Y/Y * SAYS IT SETS 140 BILLION YUAN ($20.78 billion) FUNDING PLAN FOR 2019 Source text in Chinese: https://bit.ly/2OwlPWS; https://bit.ly/2TZSytD ...
March 28 (Reuters) - Zhuzhou Crrc Times Electric Co Ltd : * ANNOUNCES CONSTRUCTION OF AUTOMOTIVE PARTS ASSEMBLY PROJECT * TOTAL INVESTMENT AMOUNT OF PROJECT IS ESTIMATED TO BE ABOUT RMB3,337.70 MILLION ...
* PREVIOUS TRADING SESSION MOVES: * SSEC +0.0 pct, CSI300 +0.0 pct, HSI -0.5 pct * HK- Shanghai Connect daily quota used 2.3 pct, Shanghai- HK daily quota used 1.0 pct * Shenzhen- HK daily quota ...
March 20 (Reuters) - CRRC Corp Ltd: * SAYS Q1 NET CONTRACTS WORTH ABOUT 50.2 BILLION YUAN ($7.50 billion) Source text in Chinese: https://bit.ly/2OmXu5X Further company coverage: ($1 = 6.6935 Chinese yuan ...
Switzerland's Stadler Rail will float on the SIX Swiss Exchange in the next few months, the train builder said on Tuesday, selling shares from the 80 percent stake owned by billionaire Peter Spuhler. The planed merger between the rail operations of Germany's Siemens and France's Alstom recently fell foul of European regulators, triggering speculation Alstom and Canada's Bombardier could merge. Stadler on Tuesday said its initial public offering (IPO) was the next stage in its growth strategy which is targeting annual sales of roughly 4 billion Swiss francs ($4 billion) by 2020.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CRRC Corporation Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
China's national railway operator has sold a 15 percent stake in one of its units for 2.37 billion yuan ($349.9 million) to a group of six firms including JD.com's logistics arm and Dongfeng Motor , in the latest implementation of the country's mixed-ownership reforms. Beijing has been trying to bring private-sector investment and management into state-owned companies to enhance their efficiencies and competitiveness. China Railway said on its official WeChat account on Friday that Dongfeng Motor, BAIC Motor, CRRC Corp , JD Logistics, Global Logistics Properties (GLP) and China International Marine Containers (CIMC) had bought the 15 percent stake in its unit, China Railway Special Cargo Services (CRSCS).
After four decades on the production line at French trainmaker Alstom, Claude Gemino had little sympathy for Emmanuel Macron when Brussels scotched the French president's hopes of creating a European rail champion. For Gemino and many co-workers at Alstom's Belfort factory, Macron's support for the blocked merger with Germany's Siemens signalled a readiness to put shareholders ahead of jobs and protecting France's fragile manufacturing sector.
BERLIN/BRUSSELS (Reuters) - Germany will seek to reform competition law during its European Union presidency in 2020, a government source told Reuters on Wednesday, hours after antitrust regulators blocked a rail deal between Siemens and Alstom. The European Commission said the deal would have hurt competition and led to higher prices for consumers, dismissing the companies' argument that it would help them better compete against Chinese rival CRRC. Following the EU veto, German Economy Minister Peter Altmaier said that Europe should look at changing its rules to facilitate cross-border mergers and create European champions which can compete with rivals from China and the United States.
ZURICH (Reuters) - Siemens said it regretted the European Commission's decision to block the merger of its rail business with France's Alstom and would now assess "all options" for the future ...
French conglomerate Bouygues, which has a 28 percent stake in Alstom, said it regretted the European Union's decision to veto a merger between Alstom and Siemens but added it was confident over Alstom's prospects. "Whatever happens, Alstom will continue to develop on its own path," Bouygues said in a statement. "As the key shareholder, Bouygues backs Alstom's strategy and is confident about its future," added Bouygues.
Alstom’s 2004 contract to supply the country with 60 passenger trains and 180 freight locomotives was celebrated with an announcement touting the 1 billion euro ($1.14 billion) contract value and the French company’s prospects for future growth there. A similar contract from Siemens for 300 kilometers-per-hour trains was announced a year later during a state visit to Germany by China’s then-president Hu Jintao. “This contract means that China will be supplied with the most up-to-date technology for high-speed trains,” Siemens’s then-chief executive officer, Klaus Kleinfeld, said at the signing ceremony.
French train maker Alstom is unlikely to appeal against an expected rejection by European regulators of its planned deal with Siemens, Alstom Chief Executive Henri Poupart-Lafarge told Le Figaro newspaper on Tuesday.
Siemens will accept defeat if the European Union rejects its pleas to allow it to combine with Alstom to create a powerful Franco-German rail business. Having offered a series of concessions to answer competition concerns, Siemens will not pursue the deal at any costs and instead make new plans for its trains business, Chief Executive Joe Kaeser said before the German company's annual meeting in Munich on Wednesday. If it works it will be good for Europe, Siemens, Alstom, and for customers," Kaeser said.
Efforts by Alstom and Siemens to create a European rail champion could yet hit the buffers despite their latest concessions to try to address antitrust concerns. The merger aims to create the world's second largest rail company -- with combined revenues of about 15 billion euros (13 billion pounds) -- but the deal has met opposition since it was announced in September 2017 . People familiar with the matter said last week that the European Union competition watchdog would block the deal, with a decision likely on Feb. 6, before the Feb. 18 deadline.
Siemens and Alstom on Friday beefed up concessions aimed at allaying EU antitrust concerns about their rail merger deal, a person familiar with the matter said, in a belated and possibly futile move to stave off an EU veto against the deal. German company Siemens and French peer Alstom have said their deal aims to help them better deal with China's state-owned CRRC Corp Ltd, an assertion dismissed by the European Commission. The companies, which offered to licence parts of Siemens's high-speed train business and sell parts of their signalling operations, are now prepared to share Siemens' high-speed train technology for 10 years instead of five in Europe, the source said.
France and Germany raised pressure on the European Union's competition chief to approve the merger of Alstom and Siemens' rail businesses, warning that thwarting the proposed European champion would be a strategic error. French Finance Minister Bruno Le Maire said the French and German governments were fully behind the merger, as were Alstom (ALSO.PA) Chief Executive Henri Poupart-Lafarge and his Siemens (SIEGn.DE) counterpart Joe Kaeser.
The European Union must approve the tie-up between Germany's Siemens (SIEGn.DE) and French group Alstom (ALSO.PA), said French Finance Minister Bruno Le Maire, who added he would meet a main European regulator to express his support for the deal. Le Maire told France's Journal du Dimanche newspaper that he would meet European Competition Commissioner Margrethe Vestager on Jan. 21 to reiterate France's backing for the deal. "Rejecting the merger between Alstom and Siemens would be both an economic and a political mistake," Le Maire said in the interview that was published on Sunday.
Siemens (SIEGn.DE) and Alstom's (ALSO.PA) plan to create a European rail champion to take on a Chinese rival has failed to win over EU antitrust regulators despite German and French backing, people familiar with the matter said on Friday. The EU veto, to be announced early next month, could push Siemens to float its own in-house rail technology division, called Siemens Mobility, while keeping a stake. Germany and France support the deal, saying it would help secure the competitiveness of the European rail industry.
Germany's Siemens (SIEGn.DE) and France's Alstom (ALSO.PA) agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. Siemens said on Thursday it was not prepared to make further concessions, meaning the merger's fate now likely rests in the hands of the European Commission, whose 28 commissioners are themselves split on the issue. The Commission has not commented publicly on its deliberations, beyond saying it will take a decision by Feb. 18.