Train makers set sights on 38.4b yuan tenders
CSR and CNR await orders from Beijing for at least 300 more sets of high-speed trains
The mainland may issue at least 38.4 billion yuan (HK$47.6 billion) worth of high-speed train tenders within the next two months, ending a more than a year-long hiatus following a fatal crash.
The government will probably seek bids for between 300 and 400 train sets, according to Citigroup analyst Paul Gong, who met people at the nation's two major train makers.
Jefferies Group and Everbright Securities made similar predictions.
A train set comprises eight or 16 carriages.
A buying revival would be a boost for CSR Corp and China CNR, the country's two big train makers, whose shares are yet to recover following the train disaster in July last year.
The government may resume orders as it steps up railway building as part of wider plans to stoke economic growth.