基建行业：PPP项目规范监管不明朗因素消除， 行业将 迎估值重估机会.pdfVIP

May 14, 2018 China construction sector PPP overhang removed, sector re-rating begins Price TP As Time Goes By: We are turning positive on the construction sector. We believe that (1) Ticker Rating +/-upside (HK$) (HK$) increasing PPP investment and improving company fundamentals will trigger a re-rating for the CRCC 1186 HK Buy 9.05 11.60 28.2% sector, and (2) the most promising companies are the r