Changes in Hong Kong stocks | China Express (03969) rose nearly 4% in early trading, the 15th Five-Year Plan for Railway Science and Technology Innovation was released. The company is a leader in rail transit communication signal systems

The Zhitong Finance App learned that China Connect (03969) rose nearly 4% in early trading. As of press release, it rose 3.27% to HK$3.16, with a turnover of HK$24.69 million.

According to the news, recently, the State Railway Administration issued the “15th Five-Year Plan for Railway Science and Technology Innovation”, which clarifies the guiding ideals, basic principles, development goals, key tasks and safeguard measures for China's railway science and technology innovation work during the “15th Five-Year Plan” period. Meanwhile, the “Plan” will be submitted to the Central Science and Technology Office for the record. This marks the first time that a railway science and technology innovation plan has been incorporated into the national science and technology management system.

Huatai Securities released a research report at the end of August, stating that China Express is the global leader in rail and transit communication signal systems and is expected to benefit from the upgrading of high-speed rail communication signal systems, opening up a new growth pole in overseas markets. H shares are discounted by about 42% over the past year, and the company's low-altitude economy business is progressing rapidly. We gave the company a 26-year A/H share 15/8.7 times PE, corresponding to a target price of 5.55 yuan/3.74 Hong Kong dollars, giving it a “buy” rating.