The company, formerly the railway arm of the Chinese military, said that without the huge losses from its Australian-dollar conversion, profit for the year would have more than doubled to 5.49 billion yuan.
Citigroup advised investors in a note Wednesday to avoid China Railway's shares, saying the company's revenue growth is likely to slow throughout the year. Citi said its target price on the share is HK$4.10, or about 21% below the company's closing price in the previous session.
Citigroup advised investors in a note Wednesday to avoid China Railway's shares, saying the company's revenue growth is likely to slow throughout the year. Citi said its target price on the share is HK$4.10, or about 21% below the company's closing price in the previous session.
ReplyDeleteNew to forex?
Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in
the world. Simply put, it’s how individuals and businesses convert one currency to another.
FX transactions worth trillions of dollars take place every day, and unlike stocks or commodities
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