China Communications Co. Makes Strong Debut

China Communications Co. Makes Strong Debut

Shares of China Communications Construction Co. (601800.SH), a major builder of ports and roads in China, Friday staged a strong debut in Shanghai, on improving sentiment for new listings amid the broader stock-market recovery.

Analysts say, however, they are cautious about the outlook for Chinese construction companies, citing slower investment growth and concerns about their ability to repay debt.

“I’m not surprised by the stock’s performance. With the recovery in the A-share market, almost all the new listings have staged a stellar debut recently,” said TX Investment strategist Qiu Yanying.

According to China Communications Construction, proceeds raised will mainly be used to purchase dredging ships, engineering ships and mechanical equipment. It will also invest in BOT projects, which will help to strengthen its profitability and improve operational efficiency.

China Communications Construction benefits from the synergies of its various businesses, and has played an important role in the construction of the Yangshan Deep-Water Port, including planning the entire construction process, filling the port area, constructing the wharf and Donghai Bridge, and supplying harbour machinery.

Dredging Today Staff, March 9, 2012; Image: ccccltd

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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