Guosheng securities issued a research report on April 30, saying that it maintained the buying rating of China Railway Group Limited(601390) ( China Railway Group Limited(601390) .sh, latest price: 7.08 yuan). The reasons for rating mainly include: 1) Q1 performance exceeds expectations, and the ultra-high base is higher; 2) The gross profit margin decreased slightly and the expense rate was well controlled; 3) Q1 orders increased by 84% with a strong trend, achieving steady growth and making a good start. Risk tips: the steady growth is not up to expectations, the profit of mineral resources business is not up to expectations, the risk of repeated epidemic, the increase of real estate impairment provision, and the project progress is not up to expectations..
AI comments: China Railway Group Limited(601390) has received attention from 7 research reports of securities companies in the past month and bought 6. The average target price is 8.44 yuan, which is 1.36 yuan higher than the latest price of 7.08 yuan, and the average target price increases by 19.14%.
