Shenzhen International (00152) is currently up nearly 4%, as of press time, up 3.65% to HKD 6.53, with a turnover of HKD 36.1831 million.
According to the Wisdom Wealth App, Shenzhen International (00152) is currently up nearly 4%, as of press time, up 3.65% to HKD 6.53, with a turnover of HKD 36.1831 million.
On the news front, Shenzhen International previously released a profit announcement, expecting a net income of HKD 0.55 billion to HKD 0.65 billion in the first half of the year, a year-on-year increase of 5-6 times. This is mainly due to the successful placement of Shenzhen International Logistics Port's infrastructure public offering REITs during the period and the recorded sales income. At the same time, by continuously reducing the scale of foreign currency loans to further reduce financial costs, foreign exchange losses have been significantly reduced.
Huayuan Securities previously pointed out that Shenzhen International's current core businesses are toll roads, environmental protection, and modern logistics, of which toll roads and large-scale environmental businesses are mainly operated by its holding subsidiary Shenzhen Expressway Corporation. The bank believes that the core logistics business is steadily growing, and businesses such as roads and ports are offering stable returns. The land preparation of the South China Logistics Park provides profitability increment, and the company's value is highlighted under dividend growth.