- China Advances Undersea Tunnel Projects with Homegrown Technology
Jan 30, 2026
BEIJING, Jan. 30, 2026 (GLOBE NEWSWIRE) -- China Railway Construction Corporation (CRCC) is advancing multiple undersea tunnel projects across the Bohai, Yellow, East, and South Seas, deploying domestically developed technologies to tackle complex geologic and engineering challenges. The projects aim to enhance regional connectivity along China’s extensive coastline.
Off the coast of Ningbo, in the East China Sea, the Yongzhou Railway’s Jintang undersea tunnel is being excavated to a maximum depth of approximately 78 meters. CRCC’s engineers are using China’s first integrated shield tunneling system with pressurized face operations, designed to manage high water pressure and allow safe, remote-controlled maintenance and cutter replacement. The system addresses critical technical gaps in China’s construction of ultra-long and ultra-deep undersea tunnels.China’s Advances Undersea Tunnel Projects with Homegrown Technology
In the north, the Qingdao Jiaozhou Bay Second Tunnel, spanning 17.48 kilometers, is under construction using a combination of shield tunneling and conventional mining methods. The approach enables safe passage through alternating hard rock and fractured zones. Meanwhile, in the south, the Shenzhen-Jiangmen Deep River undersea tunnel is advancing at depths reaching 116 meters, positioning it among the world’s deepest high-speed rail tunnels beneath the sea.
The Bohai region’s Jinpu Sea River Tunnel, part of the Jinan-Qingdao high-speed line, has already been completed. The project overcame highly corrosive saline soil and complex river-sea intersection zones through specialized anti-corrosion measures and precise engineering controls, ensuring the long-term stability of the massive shield tunneling equipment.
From equipment manufacturing to smart construction, CRCC has established a complete technical system covering survey and design, construction management, core components, and digital operations. With multiple cross-sea tunnel projects progressing steadily, transportation connectivity along China’s coastal regions and the level of regional integration are expected to improve further.
Company: China Railway Construction Corporation Limited
Contact Person: Zhang Jing
Email: zhangjing@crcc.cn
Website: https://english.crcc.cn/
Telephone: 010-52688232
City: Beijing, China
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f621bc66-8515-405d-a7a4-df9679bb8733
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- How Algeria could help China plug iron ore gaps and gain pricing power
Dec 28, 2025
In the heart of Algeria's Sahara Desert, Chinese state-owned giant China Railway Construction Corporation (CRCC) has completed laying track on the PK330 Bridge, a final and critical link in a new railway designed to unlock the nation's mineral wealth.
The 6km (3.7-mile) bridge is part of the 950km railway linking the Gara Djebilet iron ore deposit in southwestern Tindouf province to the industrial hub of Bechar in the northeast.
It was the "most technically demanding railway engineering feat ever undertaken in North Africa", CRCC said on December 10.
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The ore will be processed at newly established industrial complexes in the region and taken to Mediterranean ports. The bridge, which is part of Beijing's Belt and Road Initiative, was built in hostile conditions where temperatures as high as 50 degrees Celsius (122 Fahrenheit) and shifting sand dunes required engineers to pour concrete at night to ensure structural integrity.
With the final 60km of track laid, the entire route is expected to be fully operational by January, according to Algerian officials. It will finally bring the Gara Djebilet mine into production, decades after its initial discovery in the 1950s. The mine aims to produce between 2 million and 4 million tonnes of iron ore, eventually scaling up to 50 million tonnes per year by 2040.
Last month, Algerian President Abdelmadjid Tebboune ordered the railway link - which will ease exports from the deposit - into "immediate service" and inauguration in January. The first rail shipments are expected to reach the Tosyali steel complex, 40km east of the city of Oran, in the first quarter of next year.
The Algerian iron ore will come online within weeks of the start in early December of shipments to China from Guinea's mega Simandou project. Beijing is expected to also ramp up sourcing from across Africa, particularly from Sierra Leone, Cameroon and the Republic of the Congo.
Experts said China's accelerated push to develop Africa's vast iron ore deposits marked a strategic bid to diversify its supply chains and leverage against the pricing power of traditional giants, such as Australia and Brazil, to secure its strategic position in the global commodities market.
For example, the Mbalam-Nabeba project, a cross-border "Simandou-level" deposit, is advancing after years of delays following the revocation of permits held by Australian firm Sundance Resources. The rights are now managed by the Chinese-backed Cameroon Mining Corporation (CMC) and Sangha Mining Development, with support from Bestway Finance, an investment vehicle based in Hong Kong.
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State-owned China Railway Construction Corporation has finished laying track on the PK330 Bridge. Photo: CRCC alt=State-owned China Railway Construction Corporation has finished laying track on the PK330 Bridge. Photo: CRCC>
While a dedicated rail corridor is still under development, the first exports are expected to reach Cameroon's port of Kribi early next year, initially using road transport as a stopgap.
W. Gyude Moore, a distinguished fellow at the Energy for Growth Hub, said "the mines in Guinea and elsewhere in Africa weaken the ability of any one supplier bloc to squeeze China on price, terms or geopolitics".
Moore said that Simandou, with its high iron content of 65 per cent, allowed China to secure feedstock for green steel. However, "the volumes out of Africa will not be enough to replace either Australia or Brazil; they can only slightly reduce China's dependence on them and give it leverage".
In Sierra Leone, the Leone Rock Metal Group, formerly the Chinese-owned Kingho Investment Company, transitioned the Tonkolili mine into a new era early this year with the completion of major processing infrastructure.
Supported by a US$230 million investment, the mine's beneficiation facilities are designed to expand capacity to 12 million tonnes of 66 per cent iron concentrate per annum by next year. A US$300 million financing package secured from China Overseas Engineering Group (COVEC) in July will fund the expansion of infrastructure and beneficiation facilities into the Tonkolili North deposit.
Yahia Zoubir, a professor of international studies and non-resident senior fellow at the Middle East Council on Global Affairs in Doha, Qatar, said that "heavy reliance on two suppliers - Australia in particular - creates geopolitical and supply-chain vulnerabilities".
By diversifying, "China seeks to rebalance power in the global iron ore market, not replace existing suppliers", he said, describing this as "geoeconomic risk management - diversifying supply, diluting supplier dominance and embedding new producers into China-centred value chains".
He said he expected African projects to eventually supply 10-15 per cent of China's imports, potentially reducing Australia's share to 50-55 per cent. However, "infrastructure constraints and political risks mean African ore will function as a strategic supplement rather than a substitute", as Australia and Brazil remain more cost efficient.
According to sub-Saharan Africa geoeconomic analyst Aly-Khan Satchu, the African iron ore supply story is a "game changer", adding that the ore "collapses Australian leverage over China and increases Chinese leverage exponentially".
"China is now a serious insurgent in global commodity markets and is no longer the price-taker but the price-giver," Satchu said. "Iron ore is the latest penny to drop; precious metals were, of course, the first."
Lauren Johnston, a China-Africa specialist and a senior research fellow at the AustChina Institute, said a decade of trade tensions with Australia had allowed African alternatives to emerge.
"Africa's iron ore assets both foster China-Africa ties and act as China's insurance, providing a vital strategic hedge against its heavy reliance on traditional suppliers, Australia especially," Johnston said.
She noted that this strategy was supported by the 2022 formation of the China Mineral Resources Group, which manages steel industry supplies. Johnston questioned whether the ore would be exported or reserved for local use, noting that unlike Australia during its iron ore boom with China, Africa's demand for steel to drive urbanisation and industrialisation had not yet peaked.
She said Beijing aimed to secure supply for its own manufacturing agenda before other investors did.
"China wants to tie up supply before other investors can, or perhaps to stockpile ore."
Ultimately, Zoubir said, "African iron ore will not overturn China's import structure, but it will significantly enhance bargaining power, resilience and strategic autonomy in a market long dominated by a narrow supplier base".
This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.
Copyright (c) 2025. South China Morning Post Publishers Ltd. All rights reserved.
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- Perennial Healthcare City Launched Adjacent to Chongqing East HSR Station, Western China's Largest HSR Hub
Dec 15, 2025
Establishment of new healthcare gateway in Chongqing amid the 10th anniversary of the Chongqing Connectivity Initiative and as part of the 35th anniversary celebration of Singapore-China diplomatic relations; Maiden investment in Chongqing marks Perennial Holdings' sixth healthcare-centric TOD, further strengthening its footprint in China
SINGAPORE, Dec. 16, 2025 /PRNewswire/ -- Perennial Holdings Private Limited ("Perennial Holdings") yesterday launched Perennial Healthcare City, adjacent to the Chongqing East High-Speed Railway ("HSR") Station ("Perennial Healthcare City Chongqing"). Perennial Healthcare City Chongqing, which is majority owned and led by Perennial Holdings, is jointly developed with Chongqing Transportation Development and Investment Group Co., Ltd ("Chongqing Transportation and Investment Group") and China Railway Construction Group Co., Ltd ("China Railway Construction Group"). Chongqing East HSR station is the largest and only national-level HSR hub in Western China.
The first phase of Perennial Healthcare City Chongqing, spanning approximately 140,000 square meters ("sqm") and to be developed at a total investment cost of approximately RMB1.5 billion, will comprise a 500-bed Perennial General Hospital, a tertiary general hospital, and several specialist hospitals. This first phase is expected to progressively complete from 2028. Subsequent phases, measuring over 260,000 sqm, are expected to comprise eldercare, serviced residences, hospitality and commercial components, when executed.
The launch ceremony, which was held amid the 10th anniversary of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity ("Chongqing Connectivity Initiative") and as part of the 35th anniversary celebration of diplomatic relations between Singapore and China, was graced by Guests-of-Honour, Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry, Mrs Josephine Teo, Singapore Minister for Digital Development and Information and Minister-in-charge of Cybersecurity & Smart Nation Group, Dr Tan See Leng, Singapore Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry, Mr Tan Kiat How, Singapore Senior Minister of State for Ministry of Digital Development and Information & Ministry of Health, and Mr Peter Tan, Singapore's Ambassador to the People's Republic of China. Special guests also included government officials of the Chongqing Municipal Government, Chongqing Foreign Affairs Office, Chongqing Municipal Commission of Commerce, Chongqing Connectivity Initiative Administration Bureau, Nan'an District and Jingkai District Economic Development Zone, Mr Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment Group, Mr Zhao Xiangdong, General Manager and Deputy Party Secretary of China Railway Construction Group, as well as bankers, business partners and the media.
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Perennial Healthcare City Chongqing Phase 1 - Overview 1Perennial Healthcare City Chongqing Phase 1 - Overview 2Perennial Healthcare City Chongqing Phase 1 - Overview 3From left to right: Mr Zhao Xiangdong, General Manager and Deputy Party Secretary of China Railway Construction Group; Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer, Perennial Holdings; Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry; Mr Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment GroupFrom left to right: Mr Zhao Xiangdong, General Manager and Deputy Party Secretary of China Railway Construction Group; Mr Tan Kiat How, Singapore Senior Minister of State for Ministry of Digital Development and Information & Ministry of Health; Mrs Josephine Teo, Singapore Minister for Digital Development and Information and Minister-in-charge of Cybersecurity & Smart Nation Group; Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer, Perennial Holdings; Mr Gan Kim Yong, Singapore De
Perennial Healthcare City Chongqing will inject fresh momentum into the growth of the healthcare industry in Chongqing, a national central city with a total population of over 32 million, and the Western China region, which has a total population of over 360 million people.
Chongqing East HSR Station, a key intersection of five major corridors under China's 'Eight Vertical and Eight Horizontal' HSR plan, further elevates the strategic significance of Chongqing and the expansive reach of Perennial Healthcare City Chongqing. The station connects to seven HSR lines, two regular railway lines and four planned metro lines, and features 15 platforms and 29 arrival and departure tracks. This bustling transport hub is designed to handle an annual passenger volume of 55 million and will improve connectivity to the Western inland areas, the Eastern coastal region and the Pan-Asian HSR network to ASEAN. Domestic travellers will benefit from reduced transport times, reaching Chengdu, Qianjiang, Wanzhou and Guiyang within an hour, and Xi'an, Wuhan, Changsha and Kunming within three hours.
Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer of Perennial Holdings, said, "We are honoured to mark our maiden investment in Chongqing through the introduction of our signature healthcare-centric, integrated transit-oriented development ("TOD"). The establishment of Perennial Healthcare City Chongqing, strategically located adjacent to the largest and national-level HSR station in the country, is a fruition of the strong relationship between the governments of Singapore and Chongqing."
Mr Pua, added, "By harnessing Singapore's international healthcare standards alongside Chongqing's high-quality medical resources, we aim to deliver exceptional medical services to the community and expatriates from multinational companies establishing regional headquarters in the city as part of the Chongqing Connectivity Initiative, through leveraging the excellent connectivity of Chongqing East HSR Station, positioning Perennial Healthcare City Chongqing as the definitive healthcare destination for Western China and beyond."
Mr Shi Jidong, Party Secretary and Chairman of Chongqing Transportation and Investment Group, said, "Perennial Healthcare City Chongqing marks another landmark achievement of the Chongqing Connectivity Initiative, and is also the first premier healthcare development within the vicinity of the Chongqing East HSR Station. This development will bring international, high-quality medical and healthcare resources to the Chongqing East HSR Station zone, elevating services available to the community across the region."
Mr Gan Kim Yong, Singapore Deputy Prime Minister and Minister for Trade and Industry, said, "Congratulations to Perennial Holdings on this significant milestone. Located near Chongqing East HSR station, Perennial Healthcare City Chongqing integrates healthcare, commercial and community facilities with a major transport hub, supporting Chongqing's development as a regional medical centre. As we mark the 10th anniversary of the Chongqing Connectivity Initiative this year, Singapore will continue to deepen our collaboration with Chongqing, including in newer sectors such as healthcare, for the benefit of our peoples."
Perennial Holdings focuses on healthcare-centric large-scale TODs integrating medical care, eldercare and hospitality components. Together with Perennial Healthcare City Chongqing, Perennial Holdings has six healthcare-centric TODs in China connected to HSR stations, including Tianjin, Chengdu, Kunming, Xi'an and Guangzhou.
For media enquiries, please contact:
Ms Tong Ka-Pin
Chief Corporate Officer
DID: (65) 6602 6828
HP: (65) 9862 2435
Email: tong.ka-pin@perennialholdings.com Ms Crystal Tan
Assistant Manager, Investor Relations, Corporate
Communications & Marketing
DID: (65) 6602 0994
HP: (65) 8128 8268
Email: crystal.tan@perennialholdings.com
About Perennial Holdings Private Limited (www.perennialholdings.com)
Perennial Holdings Private Limited ("Perennial Holdings") is an established integrated healthcare and real estate company headquartered in Singapore. The Company owns, manages and operates over 28,000 beds in medical and eldercare facilities, comprising about 17,000 operational beds and over 11,000 beds in the pipeline, across 16 cities in China and Singapore. In China, Perennial Holdings owns and operates the country's first private integrated healthcare ecosystem, which combines a unique medical platform centred on partnerships with doctors and one of the largest private eldercare platforms in the country. Its comprehensive medical care facilities encompass general, rehabilitation, specialist and nursing hospitals, while its eldercare facilities include independent living, assisted living, nursing homes and dementia care. In Singapore, the Company will operate Perennial Living, the nation's first private assisted living development and is set to launch Perennial Wellness, the country's first-of-its-kind private integrated rehabilitation and traditional Chinese medicine centre, at Perennial Living and Jervois Road.
Perennial Holdings' quality real estate portfolio spans over 84 million square feet in total gross floor area across China, Singapore, Malaysia and Indonesia. The Company focuses strategically on large-scale transit-oriented developments ("TODs"), serving as enablers of its healthcare portfolio, and landmark integrated developments. It has seven TODs in China which are connected to high-speed railway ("HSR") stations, of which six, located in Tianjin, Chengdu, Kunming, Xi'an, Guangzhou and Chongqing, are healthcare-centric, and one commercial-centric HSR TOD is in Hangzhou.Cision
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- CRCC Develops Local Expertise in Tanzania
Jun 27, 2025
BEIJING, June 27, 2025--(BUSINESS WIRE)--Tanzania's JP Magufuli Bridge opened to traffic on June 19, marking more than just a transportation milestone. Africa's longest low-tower cable-stayed bridge spanning Lake Victoria also represents five years of successful local capacity building and skills development.
Built by China Railway Construction Corporation Limited (CRCC), the project implemented hands-on training programs during complex construction phases like cable installation and cantilever casting. This "learn-by-doing" approach helped transform local workers from general laborers into skilled technicians and specialists. The project generated over 3,000 local jobs and trained more than 1,500 technical workers across structural construction, electrical systems, safety management, and materials handling.
"I used to do odd jobs around town," says Joshua, a local employee now responsible for project-wide safety management who conducts weekly training sessions for new staff. "The Chinese engineers taught me more than just procedures—they taught me responsibility and leadership."
Electrician Saidi's journey illustrates this transformation. Starting with basic light bulb repairs, he now manages the entire bridge's electrical systems independently. "We sometimes communicate through gestures, sometimes in broken English and Chinese, but technical knowledge transcends language barriers," he explains. "This project showed me that any problem can be solved with dedication to learning."
Warehouse manager Michael credits Chinese mentors with teaching him systematic management principles of planning, controlling, and monitoring. "Now I don't just manage inventory—I lead teams," he says.
Project leaders emphasize that these locally trained technicians participated in world-class infrastructure development and will contribute to future projects. CRCC's commitment to knowledge transfer strengthens China-Africa infrastructure cooperation while building sustainable capacity for Africa's continued development.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250626988480/en/
Contacts
Contact Person: Wen Kai
Email: wenkai@crcc.cn
Website: https://english.crcc.cn/
Telephone: 010-52688232
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- Africa's Longest Low-Pylon Cable-Stayed Bridge Opens in Tanzania
Jun 26, 2025
BEIJING, June 26, 2025 (GLOBE NEWSWIRE) -- The JP Magufuli Bridge in Tanzania's Mwanza Province officially opened to traffic on June 19, 2025. Built by China Railway Construction Corporation Limited (CRCC), the 4.66-kilometer structure stands as Africa's longest low-pylon cable-stayed bridge, featuring a 520-meter main span with three towers and dual cable planes that connects both shores of Lake Victoria.Africa's Longest Low-Pylon Cable-Stayed Bridge Opens in Tanzania.jpeg
During the opening ceremony, Tanzanian officials praised China's sustained support and the project team's professionalism. Despite facing numerous challenges over five years of construction—including the COVID-19 pandemic, complex geological conditions, and equipment supply chain disruptions—the team delivered the project on schedule while maintaining high construction standards.
The bridge's completion delivers substantial economic and social benefits to the region. Commute times between shores have plummeted from 40 minutes by ferry to under five minutes by road, while freight costs have dropped 10-15%. These improvements are energizing local agriculture, tourism, and commerce, driving new economic growth across the region.
The bridge incorporates environmentally conscious design and local cultural elements. Its towers resemble outstretched arms, symbolizing Tanzania's embrace of cooperation and prosperity, while the structure features the colors of Tanzania's national flag, creating a striking landmark along Lake Victoria's shoreline.
This "dream bridge" fulfills the late President John Magufuli’s vision while exemplifying successful China-Africa collaboration. It represents mutual trust and shared benefits between the two regions, embodying East Africa's aspirations for greater connectivity and prosperity.
Company: China Railway Construction Corporation Limited
Contact Person: Wen Kai
Email: wenkai@crcc.cn
Website: https://english.crcc.cn/
Telephone: 010-52688232
City: Beijing, China
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c05f8317-26ec-480e-bdfc-6caba0b475fd
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- How North African railway is on track to helping China de-risk its iron ore supply
Apr 8, 2024
In the middle of the Sahara Desert, Chinese workers have been braving the intense Algerian heat as they build a 575km (357-mile) rail line connecting one of the world's largest iron ore mines to the national rail network.
Workers of the state-owned China Railway Construction Corporation (CRCC) have begun digging the rocky, dusty route between the Gara Djebilet iron ore mine in Algeria's southwest province of Tindouf and Bechar at its border with Morocco, in preparation for laying track.
It is tough work, but a task that could ultimately help China de-risk its iron ore supply, while helping the North African country at the same time.
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China currently depends largely on Australia and Brazil for its iron ore, the primary raw material for making steel. Beijing is hoping supply from the Gara Djebilet mine, which has reserves of around 3.5 billion tonnes, will help diversify its sources.
Meanwhile, Algiers is banking on the ore to help reduce its dependence on its oil and gas industries for export revenues.
CRCC will work with Algerian state-owned civil engineering company Cosider Travaux Publics to deliver the railroad, which will connect the remote parts of the mineral-rich western region of Gara Djebilet Iron Mine Zone with the Dumiat Industrial Zone in the Bechar region, with a total of 40 stations along the way. In doing so, it will facilitate the development of Algerian iron ore mining and provide a much-needed boost to the economy.
A lack of rail connections has thus far prevented Algeria from developing its large iron ore deposits in the southwest. Photo: Weibo alt=A lack of rail connections has thus far prevented Algeria from developing its large iron ore deposits in the southwest. Photo: Weibo>
The Chinese company is well-practised in desert construction. It previously assisted in the construction of parts of Algeria's 1,216km East-West Highway - built over the course of 16 years "under the most complex geological conditions", according to Beijing.
The Gara Djebilet project is part of China's "railway diplomacy" that will see the construction of 6,000km of tracks across the North African country.
It is also part of 19 cooperation deals worth US$36 billion that Algerian President Abdelmadjid Tebboune and Chinese President Xi Jinping signed in Beijing in July last year.
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"Strengthening the railway sector is the best guarantee for development and our Chinese friends have agreed to this project, which will cover about 6,000km," Tebboune said during his visit to China.
Algerian MP Mohamed Machkak, of the Transport Commission, told Chinese-owned CGTN Africa - the African division of the China Global Television Network - that the new railway project will connect isolated regions, creating thousands of direct and indirect jobs for Algerian youths.
"It will raise standards of living and create economic opportunities for individuals and communities," Machkak said.
According to Yahia Zoubir, a non-resident senior fellow at the Middle East Council on Global Affairs in Qatari capital Doha, the Gara Djebilet mine in the southwest, phosphates projects in the east, as well as other minerals, will help Algeria reduce its decades-long dependence on oil.
Zoubir said in the early 1970s, the iron ore mines of Gara Djebilet were going to be developed in collaboration with Morocco, under the leadership of then-president of Algeria Houari Boumediene.
Inspiration had been taken from the cooperation of France and West Germany in the 1950s with the formation of the European Community of Steel and Coal, which ultimately led to the creation of the European Union. But a dispute over a region of the Western Sahara in the 1970s saw the Algeria-Morocco deal fall through.
"The tense relations between Algeria and Morocco put an end to the Gara Djebilet cooperation project," Zoubir said.
He said the existing infrastructure had become obsolete and the need for an easy way to transport the iron ore across the desert prompted the Algerian government to ask China for help, due to their other successful projects in the country, such as water pipelines, highways and tunnels.
"Undoubtedly, this project is important for Algeria but also for China since the spillover of such a project, once implemented, would be emulated in the sub-Saharan region and in the Mediterranean Basin," Zoubir said.
It will also give China access to another source of iron ore, something it desperately wants, said Lina Benabdallah, an associate professor in the politics and international affairs department at Wake Forest University in the US.
She said once the Gara Djebilet mine is developed, it is expected to yield an initial production capacity of 2 million to 3 million tonnes per year.
The railway from Bechar to Tindouf is critical for the transport of ore concentrate, she said, both for local and international markets.
"This project is interesting to the Algerian government for the potential for income diversification and economic growth," Benabdallah said.
"And for China, increasing options for where to source iron ore is critical to avoid depending on a limited number of providers and the price or access volatility that can come with that."
She said Algeria and China have a strong diplomatic bond, with the countries elevating their relationship to comprehensive strategic partnership in 2014 - the highest designation under China's bilateral relations.
"This signals both to the fact [that] China and Algeria have enjoyed very strong relations since the 1950s and Algeria's anti-colonial war, and also the continuous strength of the diplomatic ties over the decades," Benabdallah said.
Steven Jackson, a professor of political science and fellow at Washington's Wilson Centre, agreed that the main thing China gets out of the Algeria deal is a diversification of its iron ore sources.
He said China is the top steel producer in the world, making over 1 billion tonnes of steel in 2022 - significantly more than the rest of the world combined. But China imports most of its iron ore and 70 per cent of that ore comes from one country: Australia.
"China-Australian relations have been strained in recent years and China's leaders would probably want to diversify its sources," Jackson said.
If that relationship was to worsen in the near future, he said other iron ore sources would be imperative.
Jackson noted that in 2017, Chinese steelmakers and Algerian officials signed a memorandum of understanding (MOU) to explore the idea of exporting ore from the Gara Djebilet mine, but that at the time it was found to be both a logistical challenge, with the railway needed, and a technical challenge, because of phosphorus in the ore, which weakens the steel.
"The Chinese may have found a way to make it viable," Jackson said.
On the economic relationship front, he said China is now Algeria's biggest source of imports - at 17 per cent in 2022 and growing. Meanwhile, France's market share has been shrinking; it was number one in 2010, but is now a distant second, with about 10 per cent of the Algerian market, according to Jackson.
He said China exported nearly US$7 billion of goods to Algeria in 2022. However Algerian exports back to China were less than US$2 billion that year.
"There is a significant trade imbalance, and the leaders in Algiers would like to export more to China. Algeria would also like to see more Chinese investment in Algeria," Jackson said.
This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved.
Copyright (c) 2024. South China Morning Post Publishers Ltd. All rights reserved.
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- 3 Urban Mobility Stocks That Will Shape City Transportation
Nov 22, 2023
The equities markets have shown remarkable resilience since both market indices, the S&P 500 and Nasdaq, entered correction territory in October. However, the latest economic data has boosted investor sentiment: the October CPI report and other labor market indicators, including payroll data, came in cooler than expected, easing the fears of runaway inflation and signaling the Fed may indeed be done with its tightening cycle. That may create a favorable environment for investors to look for growth opportunities in emerging sectors, such as urban mobility.
Urban mobility refers to the technologies and services that enable people to move around cities efficiently, safely and sustainably. These include autonomous vehicles, drones, electric bikes and scooters, ride-hailing platforms and smart infrastructure. Urban mobility stocks are attractive for investors because they have the potential to disrupt the transportation industry, reduce carbon emissions and improve the quality of life for millions of urban dwellers.
EHang (EH)
Source: CNN
China-based EHang (NASDAQ:EH) designs and manufactures autonomous aerial vehicles (AAVs) for applications such as tourism, logistics and emergency response. Unlike many flying vehicle companies, EHang has successfully delivered products and generated sales, generally due to there being consistent, domestic demand for its products in China. As of its latest fiscal quarter, EHang delivered 8 AAVs, with more than 100 deliveries in its pipeline.
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While EHang does generate sales, year-over-year (YoY) revenue growth figures have been inconsistent in the first half of 2023. In the first quarter, revenue increased 283% YoY, primarily due to the pandemic-related reopening in cities across China, which spurred demand for EHang’s various products. After the initial pent-up demand, second-quarter sales growth, unfortunately, declined significantly from a YoY perspective.
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However, the aerial vehicle company could soon experience strong growth. China’s Civil Aviation Administration recently gave airworthiness approval to EHang’s fully autonomous drone, the EH216-S AAV, which carries two passengers. As more Chinese cities open up to autonomous flying vehicle technology, EHang’s revenues and stock price could catapult to new heights in future quarters.
Ambarella (AMBA) Ambarella (AMBA) logo on a corporate building
Source: Sundry Photography / Shutterstock.com
Ambarella (NASDAQ:AMBA) is the other urban mobility stock worth considering. What differentiates this company from the others is that Ambarella is a U.S.-based fabless semiconductor design company that produces high-performance video processing chips for various applications instead of directly designing or manufacturing infrastructure. These include security cameras, dashcams, drones and autonomous vehicles. In particular, Ambarella’s chips enable high-quality video capture, compression, analysis and transmission, which are essential for developing smart mobility solutions.
While Ambarella’s solutions are sure to play a hand in urban mobility innovation, the demand for these solutions under the current macroeconomic environment has remained soft throughout 2023. For the first half of 2023, revenue declined YoY. Ambarella’s shares have thus fallen 30% year-to-date (YTD). But as demand returns to normal levels in the coming quarters, investors might find now to be an opportune moment to buy shares.
China Railway Construction Corporation (CRCCY) A photo of train tracks leading toward a sunset.
Source: Liz Kcer/ShutterStock.com
China Railway Construction Corporation (OTCPK:CRCCY) is one of the largest construction companies in China and the world. Consequently, CRCCY has been instrumental in various projects related to infrastructure construction vital to economic development, including railways, highways, bridges, tunnels, urban rail transit, water conservancy, airports, ports and buildings. All of these projects are vital to urban infrastructure in the developing world.
To continue stimulating China’s economy, the government approved a CNY 1 trillion ($137 billion) infrastructure spending package, which could help CRCC generate revenue while the economy continues to recover. Internationally, CRCC has secured several large-scale contracts in overseas markets, such as the high-speed railway (HSR) project in Indonesia and a light rail project in Saudi Arabia. The former, which involves the Jakarta-Bandung HSR project was already completed and is in operation with positive press and reactions from the public thus far.
Investors willing to bet on a stock with strong fundamentals, a cheap valuation and obvious tailwinds guiding growth should definitely give CRCCY an honest consideration.
On the date of publication, Tyrik Torres did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.
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- Rio Tinto shoulders Simandou iron ore bill as Chinese funds delayed - sources
Sep 18, 2023
By Clara Denina
LONDON (Reuters) - Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world's largest untapped iron ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said.
The Anglo-Australian miner owns two of four Simandou mining blocks as part of its Simfer joint venture with China's Chalco Iron Ore Holdings (CIOH) and the government of Guinea, where the mine is located.
It has so far spent more than $500 million on developing the project that should have been split with CIOH, due to a delay in the Chinese consortium getting state approval on the financing, the sources said.
CIOH is 75% held by Aluminum Corporation of China (Chinalco) and 20% by Baowu Steel Group, with China Railway Construction Corporation (CRCC) and China Harbour Engineering Company (CHEC) each holding 2.5%.
"The worry is that if their (Rio's) partners don't get approval from China on their funding, the money will deplete," added one of the sources, who declined to be named because the information is not public.
Rio declined to comment. Chinalco, Baowu, CRCC and CHEC did not respond to Reuters' requests for comment.
Most Chinese companies are backed or owned by state entities, their financial approvals complicated by convoluted structures amid an economic slowdown that has seen the world's second-largest economy struggle after a brief post-COVID recovery.
With a complex ownership structure, Simandou has been haggled over for years, its construction delayed by legal wrangling, Guinea's political changes and the difficulty and cost of the 600 km of rail and port that need to be built to export the ore from the mines in the southeast of the country.
Raphael Gnambalamou, a director-general at Guinea's mines ministry said that "the project is moving well".
Simandou's other two blocks are owned by the Winning Consortium Simandou (WCS), made up of Singapore-based Winning International Group, Weiqiao Aluminium - part of the China Hongqiao Group - and United Mining Suppliers.
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A WCS spokesperson said in an email that the consortium had been "steadfastly progressing with our construction work" on Simandou blocks 1 and 2 and associated infrastructure development, with a workforce of more than 10,000.
Simfer and its contractors have employed around 3,000 people so far, after agreeing to share capacity and associated costs for the trans-Guinean rail line of the project with WCS.
Rio earmarked $800 million for its share of the development in 2023 and around $2 billion a year in 2024 and 2025.
(Reporting by Clara Denina; Additional reporting by Felix Njini and Amy Lv; Editing by Jan Harvey)
- Hainan State Farms Investment Hldg Grp Co Ltd -- Moody's announces completion of a periodic review for a group of Construction, Gaming, Natural Products Processor and Other issuers in Asia
Mar 22, 2022
Announcement of Periodic Review: Moody's announces completion of a periodic review for a group of Construction, Gaming, Natural Products Processor and Other issuers in AsiaGlobal Credit Research - 22 Mar 2022New York, March 22, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings -and other ratings that are associated with the same analytical units for the rated (entities) listed below.The review was conducted through a portfolio review discussion held on 15 March 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. A possible outcome from periodic reviews is a referral of a rating to a rating committee."IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. SUCH USE WOULD BE RECKLESS AND INAPPROPRIATE. SEE FULL DISCLAIMERS BELOW."This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.Key Rating ConsiderationsThe principal methodology used for these rated entities was Construction published in September 2021. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Key rating considerations on a forward-looking basis may include but are not limited to the following summarized below.ConstructionScale: Scale is an indicator of a company's market strength, importance to markets served and ability to weather the vagaries of capital and economic cycles. Scale can also provide a broader platform for sustainable earnings and cash flow generation and typically enhances a construction company's operating and financial flexibility and its ability to bid, finance and profitably execute large, long-term, and complex projects. Large construction companies can accommodate a broad range of construction needs since they typically maintain a sizeable network of subcontractors and obtain various sources of financing, including bonding lines, which are key competitive advantages in the industry. In addition, scale in the construction industry often has a bearing on other key considerations such as geographic and segment diversity. Total revenue and EBITA are indicators of scale.Business Profile: The business profile of a construction company influences its ability to generate sustainable earnings and operating cash flows. Diversification across several continents or economic regions and exposure to a number of uncorrelated segments can mitigate earnings volatility, which can be affected by cyclical swings, changing levels of competition and project performance. Consideration is given to operational and geographic diversity, technical capabilities, track record of project execution, and stability of revenues and margins.Leverage and Coverage: Leverage and coverage measures are indicators of a company's financial flexibility and long-term viability. These measures can serve as an indicator of a greater ability to make new investments, weather the vagaries of the business cycle and respond to unexpected challenges, which often occur in the construction industry given the periodic performance issues that arise. Some measures of leverage and coverage include: EBITA / Interest Expense, Debt / EBITDA, and Funds from Operations / Debt.Financial Policy: Management and board tolerance for financial risk is considered because it directly affects debt levels, credit quality, and the risk of adverse changes in financing and capital structure. Our assessment of financial policies includes the perceived tolerance of a company's governing board and management for financial risk and the future direction for the company's capital structure. Considerations can include a company's public commitments in this area, its track record for adhering to commitments, and our views on the ability for the company to achieve its targets.Other Considerations: Some other considerations may include: financial controls and the quality of financial reporting; corporate legal structure; the quality and experience of management; assessments of corporate governance as well as environmental and social considerations; exposure to uncertain licensing regimes; and possible government interference in some countries. Regulatory, litigation, liquidity, technology, and reputational risk as well as changes to consumer and business spending patterns, competitor strategies and macroeconomic trends can also be considered. China Communications Construction Co., Ltd. China Energy Engineering Corporation Limited China Gezhouba Group Company Limited China Gezhouba Group Corporation China Metallurgical Group Corporation China Railway Construction Corp Ltd China Railway Group Limited China State Construction Engineering Corp Ltd China State Construction Int'l Holdings Ltd CIMIC Group Limited KEPCO Engineering & Construction Co, Inc. Metallurgical Corporation of China Ltd. Power Construction Corporation of China Shanghai Construction Group Co., Ltd. SINOPEC Engineering (Group) Co., Ltd. Ventia Services Group LimitedThe principal methodology used for these rated entities was Government-Related Issuers Methodology published in February 2020. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Key rating considerations on a forward-looking basis may include but are not limited to the following summarized below.Government-Related Issuers MethodologyAssigning a Baseline Credit Assessment (BCA): The majority of Government-Related Issuers (GRIs) begin with an assessment of the GRI's standalone strength (i.e. BCA) its ability to service and repay outstanding debt without recourse to extraordinary support from the supporting government - using the published sector-specific methodology that is most suitable for the predominant activities of the GRI. Our assessment of standalone strength includes any day-to-day support received from the government that can be clearly distinguished from extraordinary support. Support mechanisms, such as an obligation of the government to ensure the GRI's solvency and liquidity, are reflected in the BCA when they are legally or contractually documented.Government uplift: The GRI's ratings include any uplift due to systemic support and typically focus on three structural factors and three factors explaining the level of the government's willingness to provide support. Structural factors address the legal and quasi-legal aspects of the government's relationship with the GRI and include: (1) guarantees, (2) ownership level and (3) barriers to support. The factors underlying willingness consider the softer connections between the two entities and include (4) the likelihood of government intervention, (5) political linkages and (6) economic importance. Support is determined using a joint default analysis framework which considers an estimate of the likelihood of extraordinary support, an assessment of the credit quality of the supporting government, and default correlation between the two entities.GRIs without a BCA: In limited instances, it is not possible or meaningful to assign a BCA. The GRI is so inextricably linked to the government that a meaningful standalone BCA cannot be derived. In such cases, a top-down analytical approach is used that chiefly considers the ability and willingness of the government to provide timely support, instead of the usual bottom-up approach of starting with the BCA and then considering uplift towards the government's rating. Bright Food (Group) Co., Ltd. Hainan State Farms Investment Hldg Grp Co Ltd Korea Land and Housing Corporation Power Construction Corporation of China Shanghai Lingang Economic Dev. (Grp) Co., LtdThe principal methodology used for these rated entities was Homebuilding and Property Development Industry published in January 2018. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Key rating considerations on a forward-looking basis may include but are not limited to the following summarized below.Homebuilding and Property Development IndustryScale: Scale reflects size, market position and brand name. Being among the largest and leading players in numerous markets can provide better access to skilled subcontractors and bank financing, first choice among land deals, greater purchasing, and pricing power, while at the same time offering stronger staying power and better financial and operational flexibility during a downturn. Furthermore, large companies tend to have broad geographic coverage, which also offers them the benefits of geographic diversification. In high growth markets, large residential property developers tend to have apparent benefits over smaller players including easier access to bank financing and strong financial power to bid for land in good locations. Total Revenue is an indicator of scale.Business Profile: Business profile is considered, typically including an assessment of operating position, business and acquisition strategies, product mix, geographic diversity, execution ability, area of operation and product mix. Considerations may include business strategy; market position; product, price-point, and geographic diversity; inventory management; land strategy, including the percentage of owned vs. optioned land; degree of speculative construction vs. under contract; as well as use of off-balance sheet structures.Profitability and Efficiency: Profitability is an indicator of the success of the business and effectiveness of management as well as the company's ability to support operations and business growth. Profitability is estimated by gross margins that include interest charged to cost of goods sold and exclude land impairment charges so as to focus on current profitability and efficiency.Leverage and Coverage: Leverage and coverage is considered, as is sufficient financial flexibility to deal with market or regulatory developments which lead to shocks to their business and finances. Measures of leverage and coverage can include: EBIT-to-Interest, Revenue-to-Debt, and Debt-to-Total Capitalization.Financial Policy: Management and board tolerance for financial risk is considered, as it may affect debt levels and credit quality as well as the risk of adverse debt leverage movements. Financial policies provide a guide to the appetite of a company's governing board and management for risk and the likely future direction for the company's capital structure. Key issues include debt leverage, coverage and return targets, liquidity management, cash distributions to shareholders, and acquisition strategies.Other Considerations: Other considerations can include: regulatory, litigation, liquidity, technology, and reputational risk as well as changes to consumer and business spending patterns, competitor strategies, and macroeconomic trends. Korea Land and Housing Corporation Lendlease Group Shanghai Lingang Economic Dev. (Grp) Co., Ltd Sinochem Hong Kong (Group) Company LimitedThe principal methodology used for these rated entities was Gaming published in June 2021. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Key rating considerations on a forward-looking basis may include but are not limited to the following summarized below.GamingScale: Scale is considered because it is an indicator of the overall depth of a company's business and its success in attracting a variety of customers, as well as its resilience to shocks, such as sudden shifts in demand or rapid cost increases. Large-scale gaming companies tend to have greater market share and better access to capital compared with smaller-scale companies. Large companies may also benefit from economies of scale with respect to research and development expenses and corporate overhead. Companies with greater scale generally have lower earnings volatility relative to smaller companies because of the lower risk that a single customer can "take the house" for a large sum with a few significant bets. A larger scope of operations can reduce a company's reliance on a particular jurisdiction or market. In markets with high barriers to entry, scale may provide a competitive advantage. However, in many regional and local gaming markets, the competitive advantage gained by scale may not be as important because of already low competition. Revenue is an indicator of scale.Business Profile: The business profile of a gaming company is considered because it greatly influences its ability to generate sustainable earnings and operating cash flows. Core aspects of a gaming company's business profile are the characteristics of the markets in which it operates, including the regulatory environment; its market position; and its geographic and revenue diversification.Profitability and Efficiency: Profits are considered because they are needed to generate sustainable cash flow and maintain a competitive position, which includes investing in gaming facilities, technology, and marketing and rewards programs to attract customers. The ability to sustain high profitability is generally a strong indicator of operating efficiency and substantial competitive advantages. The gaming industry generally has had very high profitability relative to other sectors. EBIT Margin is an indicator of profitability.Leverage and Coverage: Leverage and cash flow coverage measures provide important indications of a gaming company's financial flexibility and long-term viability, as well as its ability to sustain its competitive position, invest in growth and meet debt service obligations. Indicators of leverage and coverage include ratios such as: Debt/EBITDA, EBIT/Interest Expense, and Retained Cash Flow/Net Debt.Financial Policy: Financial policy encompasses management and board tolerance for financial risk and commitment to a strong credit profile. It is an important rating determinant, because it directly affects debt levels, credit quality, the future direction for the company and the risk of adverse changes in financing and capital structure. Financial risk tolerance serves as a guidepost to investment and capital allocation. Liquidity management is an important aspect of overall risk management and can provide insight into risk tolerance.Other Rating Considerations: Other considerations may include but are not limited to: financial controls and the quality of financial reporting; corporate legal structure; the quality and experience of management; assessments of corporate governance as well as environmental and social considerations; exposure to uncertain licensing regimes; and possible government interference in some countries. Regulatory, litigation, liquidity, technology, and reputational risk as well as changes to consumer and business spending patterns, competitor strategies and macroeconomic trends are also considered. Crown Resorts Limited Genting Berhad Genting Overseas Holdings Limited Genting Singapore Limited Melco Resorts Finance Limited NagaCorp Ltd. SJM Holdings Limited Studio City Finance LimitedThe principal methodology used for these rated entities was Protein and Agriculture published in November 2021. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.Key rating considerations on a forward-looking basis may include but are not limited to the following summarized below.Protein and AgricultureScale: Scale is an indicator of a company's revenue-generating capability and its resilience to shocks, such as sudden shifts in demand or rapid cost increases. Companies that are large in scale tend to have lower marginal costs, including those associated with manufacturing, sales force, distribution, and research and development. Larger companies also tend to have more bargaining power with purchasing organizations, customers, and suppliers. Revenue is an indicator of scale.Business Profile: The business profile of a protein or agriculture company greatly influences its ability to generate sustainable earnings and operating cash flows. We assess geographic diversification, segment diversification, market share, product portfolio profile and earnings stability.Leverage and Coverage: Leverage and cash flow coverage measures provide important indications of a protein or agriculture company's financial flexibility and long-term viability. Financial flexibility is critical to protein and agriculture companies because it indicates an ability to withstand commodity price volatility or product oversupply conditions. Relevant metrics for leverage and coverage include Debt/ EBITDA, Cash from Operations/ Debt, Debt/ Book Capitalization and EBITA/ Interest Expense.Financial Policy: Financial policy encompasses management and board tolerance for financial risk and commitment to a strong credit profile. It is an important rating determinant, because it directly affects debt levels, credit quality, the future direction for the company and the risk of adverse changes in financing and capital structure. Financial risk tolerance serves as a guidepost for investment and capital allocation. Liquidity management is an important aspect of overall risk management and can provide insight into risk tolerance.Other Rating Considerations: Other considerations include but are not limited to: financial controls and the quality of financial reporting; corporate legal structure; the quality and experience of management; assessments of corporate governance as well as environmental and social considerations; exposure to uncertain licensing regimes; and possible government interference in some countries. Regulatory, litigation, liquidity, technology, and reputational risk as well as changes to consumer and business spending patterns, competitor strategies and macroeconomic trends also affect ratings. Bright Food (Group) Co., Ltd. Hainan State Farms Investment Hldg Grp Co Ltd IOI Corporation Berhad Sawit Sumbermas Sarana Tbk (P.T.) Sime Darby Plantation Berhad Tunas Baru Lampung Tbk (P.T.)This announcement applies only to Rated Entities with EU rated, UK rated, EU endorsed and UK endorsed ratings. Rated Entities, with Non EU rated, non UK rated, non EU endorsed and non UK endorsed ratings may be referenced herein to the extent necessary, if they are part of the same analytical unit.Please see the Issuer page on www.moodys.com, for each of the ratings covered, most updated credit rating action, rating history, and Credit Rating action Press Release including the rating rationale and factors that could lead to a rating upgrade or downgrade.This publication does not announce a credit rating action. 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- Jonathan West Is The Non-Executive Chairman of the Board of Gowing Bros. Limited (ASX:GOW) And They Just Picked Up 11% More Shares
Jan 8, 2022
Even if it's not a huge purchase, we think it was good to see that Jonathan West, the Non-Executive Chairman of the Board of Gowing Bros. Limited (ASX:GOW) recently shelled out AU$136k to buy stock, at AU$3.17 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 11%.
Check out our latest analysis for Gowing Bros
The Last 12 Months Of Insider Transactions At Gowing Bros
In fact, the recent purchase by Jonathan West was the biggest purchase of Gowing Bros shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of AU$3.11. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. The only individual insider to buy over the last year was Jonathan West.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction! insider-trading-volume
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this freelist of growing companies that insiders are buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Gowing Bros insiders own 47% of the company, currently worth about AU$78m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
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So What Does This Data Suggest About Gowing Bros Insiders?
The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Gowing Bros. One for the watchlist, at least! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with Gowing Bros and understanding it should be part of your investment process.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this freelist of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
