Gelonghui, April 22 | Tianfeng Securities Research Report pointed out that the overall performance of China Construction (601668.SH) maintained steady growth, the release of fourth quarter results accelerated markedly, and the leading construction advantage was evident. The company's orders continued to grow well in '23 and 24Q1, and abundant orders may provide good support for subsequent revenue growth. In addition, the company's cash flow improved significantly in '23. The total cash dividend was 11.298 billion yuan, and the cash dividend ratio was 20.8%, corresponding to the closing dividend rate on April 19. PE is in the historical ranking of 22.2% in the past five years. It is believed that, driven by the subsequent market value management assessment of the State Assets Administration Commission and increased cash dividend efforts, it is optimistic about the company's medium- to long-term investment value. Maintain a “buy” rating.
研报掘金丨天风证券：维持中国建筑“买入”评级，看好公司中长期投资价值
Research Report: Tianfeng Securities: Maintaining the “Buy” Rating of Chinese Construction, Optimistic About the Company's Medium- to Long-Term Investment Value
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