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  1. Railway firms on track for strong earnings

    Posted Apr 26th 2010, 12:00am by Charlotte So

    ... Charlotte So The mainland's two biggest railway builders- China Railway Group and China Railway Construction Corp- are expected to report strong annual profit growth, buoyed by a spending binge on new railway projects. Analysts estimate China Railway, which offers railway, highway, tunnel and bridge construction services, will report a net profit of as much as 7.2 billion ...

  2. More to come at CRCC after 6.6b yuan profit

    Posted Apr 28th 2010, 12:00am by Celine Sun

    ... Celine Sun State-owned rail builder China Railway Construction Corp (CRCC), which posted an 81 per cent gain in net profit to 6.6 billion yuan (HK$7.49 billion) last year, expects to reap ... Despite the economic downturn, the company is a beneficiary of Beijing's stimulus measures, which include speeding up the construction of high-speed railway network across the country. ...

  3. Railway Erju aims to raise revenue on strong construction orders

    Posted Apr 17th 2010, 12:00am by Toh Han Shih

    ... will also mean projects will not be rushed like in 2009.' China Railway Group and China Railway Construction Corporation jointly accounted for over 85 per cent of the 163 billion yuan in new ... Toh Han Shih China Railway Erju, a Shanghai-listed railway construction firm, aims to increase its revenue by 11 per cent to 45 billion yuan (HK$51.17 billion) and the value of its new ...

  4. Rail firm expects loss from Mecca project

    Posted Oct 26th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih China Railway Construction Corporation expects to incur a total loss of roughly 4.15 billion yuan (HK$4.82 billion) from the Mecca Light Rail Project, a metro light railway designed to serve Muslim pilgrims to Mecca in Saudi Arabia. The contract value of the project is 12.07 billion yuan, but the total cost is estimated at 16.07 billion yuan. Together with finance ...

  5. Some of the companies reporting this week

    Posted Apr 26th 2010, 12:00am by Staff Reporter

    ... Today Final: Artel Solutions Group Holdings, Asia Tele-Net and Technology Corporation, China Energy Development Holdings, China Forestry Holdings, China Railway Construction Corporation, China Railway Group, China Water Property Group, Co-Prosperity Holdings, Dragon Hill Wuling Automobile Holdings, Dynamic Energy Holdings, Far East Holdings International, Flyke International ...

  6. Mainland railway firms scramble for overseas projects

    Posted Sep 10th 2010, 12:00am by Toh Han Shih

    ... capital of Kiev and its airport, Xinhua said. The chairman of the Taiwan High Speed Rail Corporation, Ou Chin-der, visited the China Railway Construction Corporation (CRCC) office on the mainland ... Toh Han Shih China's railway industry is making rapid inroads into overseas markets such as Australia, United States, Guyana, Ukraine and Thailand. On September 1, a subsidiary of CSR ...

  7. Auditor raises alarm over Beijing-Shanghai rail link

    Posted Mar 03rd 2010, 12:00am by Toh Han Shih

    ... in Beijing-Shanghai High Speed Railway has also been put up for tender for 6 billion yuan to strategic investors via the China Beijing Equity Exchange, according to the exchange's website. The stake was offered by China Railway Investment Corporation (CRIC), a Ministry of Railways company that owns 56.27 per cent of Beijing-Shanghai High Speed Railway. 'This can be seen as a showcase ...

  8. Costs and political sensitivities hit hopes of a pan-Asia rail link

    Posted Mar 22nd 2010, 12:00am by Toh Han Shih

    ... Engineering Corporation, the state-owned parent of China Railway Group, a Hong Kong and Shanghai-listed railway construction firm. But China Railway Group now appears to be facing possible delays ... as new rail lines need to be laid,' said Afzar Zakariya, a senior manager at Keretapi Tanah Melayu (KTM), the Malaysian state railway. Zakariya was speaking on the sidelines of the China ...

  9. Chinese infrastructure firms' deals top US$5b

    Posted Mar 26th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih Chinese infrastructure construction firms have recently won more than US$5 billion in contracts for Indonesia and Macau. China Railway Group won a US$4.8 billion contract ... yesterday. On March 23 in Beijing, the Shanghai and Hong Kong-listed company signed the US$4.8 billion contract with Bhakta Hill Pan Pacific Railway Corporation, consisting of a US$1.3 billion ...

  10. Mecca light rail construction woes leave China Railways over a Saudi barrel

    Posted Nov 13th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih The Chinese government has been encouraging its state-owned enterprises to expand overseas as part of its 'going out strategy', but one company, China Railway Construction Corporation (CRCC), has found that venturing abroad can be difficult. CRCC, which is listed in Hong Kong and Shanghai, has run into trouble with a light rail project under way in the holy ...




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