Lyon gave the first purchase rating for railway construction equipment (1786.HK), with a target price of HK$5.62. The bank claims that Railway Construction Equipment is a leading manufacturer of railway maintenance machinery in China. It has a unique market position. Benefiting from the transfer of national policies from railway construction to railway maintenance, the future revenue contribution from service business will increase dramatically, and the gross profit margin will increase, while overseas markets provide opportunities for long-term growth. Railway construction equipment sponsored by Lyon was listed at HK$5.52 on the 16th of last month. It already saw a record high of HK$5.24 on that day.