Zhuzhou CRRC Times Electric Co., Ltd. Class A 688187

Zhuzhou CRRC Times Electric (SEHK:3898) posted a net profit margin of 14.4%, edging past last year’s 14.3%, with EPS growth of 14.1% over the past year. This is well above its five-year average of 12.2% per year. Revenue is forecast to grow 11.3% annually, outpacing the Hong Kong market, and recent results were given a boost from one-off gains of CN¥1.0 billion. With consistent earnings growth, a price-to-earnings ratio of 12.5x below peer averages, and constructive valuation sentiment,...