Guosheng securities issued a research report on April 29, saying that it maintained the purchase rating of China State Construction Engineering Corporation Limited(601668) ( China State Construction Engineering Corporation Limited(601668) .sh, latest price: 6.28 yuan). The reasons for rating mainly include: 1) the high growth of revenue shows the toughness of the leader, and the investment income helps the rapid growth of performance; 2) The real estate business dragged down the overall gross profit margin, and the expense rate increased slightly; 3) In Q1, the newly signed contract amount increased by 13% and the business structure was continuously optimized. Risk tips: the risk of impairment of accounts receivable, the project progress is not up to expectations, the gross profit margin of real estate drops sharply, and the risk of repeated epidemics.
AI comments: China State Construction Engineering Corporation Limited(601668) in the past month, it has received attention from 7 research reports of securities companies and bought 6. The average target price is 8.59 yuan, which is 2.31 yuan higher than the latest price of 6.28 yuan, and the average target price increases by 36.78%.
