China Railway Construction (“CRCC”) recently caught my attention as it has tumbled approximately 44% from an intraday high of $9.99 on 5 Mar 2020 to close HKD5.64 on 21 Sep 2020. Is this a bargain buy, or a value trap? Let’s take a look. First up, a description of CRCC Quoting from its 1HFY20 results, CRCC’s businesses cover a variety of construction, survey, design and consultation, manufacturing, real estate development, logistics and materials trading and other business with refined industry chain covering scientific research, planning, survey, design, construction, supervision and management, maintenance, operation, investment and financing, etc. Six reasons why CRCC catches my attention 1) 21 analysts cover CRCC with all buy calls; average target price HKD12.00 Based on Figure 1 below, CRCC is widely covered by 21 analysts. It is noteworthy that all 21 analysts give a buy call on CRCC with an average target price HKD12.00. This represents a potential capital appreciation of...