CICC Securities: Maintain "Buy" rating on China State Construction International (03311.HK), raises target price to 15 Hong Kong dollars.

According to the Wisdom Finance and Economics APP, J.P. Morgan has released a research report covering China State Construction International (03311.HK), giving it a "hold" rating with a target price raised from 12.1 Hong Kong dollars to 15 Hong Kong dollars. The bank believes the group has a unique position in the domestic engineering and construction industry, as about 45% of its income comes from the stable cash flow of Hong Kong and Macau. The group is good at using advanced technology to capture market opportunities and does not participate in real estate development projects.