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Shenzhenexpress (00548.HK) plans to hold a board of directors meeting on August 23 to approve the mid-term performance.
Shenzhen Express (00548.HK) announced on August 14th that the board of directors will hold a meeting on Friday, August 23, 2024 to review and approve the unaudited mid-term performance of the company as of June 30, 2024, and other matters (if any).
SHENZHENEXPRESS: Notice of Board Meeting
Haitong SEC: From January to July, fixed asset investment in railways increased by 10.5% year-on-year, and orders for rail transit equipment were intensively landed.
From January to July, China's railroad assets investment increased by 10.5% year-on-year.
CICC: Gives Shenzhen Int'l an "outperform" rating in the industry with a target price of HKD 7.61.
CICC released a research report stating that it has rated Shenzhen International (00152) as "outperform". It is expected that the company's EPS for 2024-2025 will be HKD 1.13/1.49 respectively, with a CAGR of 37.0%, and a target price of HKD 7.61. The market is concerned about the sustainability of the company's dividends. The bank believes that the appreciation of the land value and the development and operation revenue of the South China Logistics Park may span over the next 6-8 years. Although there is a mismatch between the company's cash flow and profit, the company still has the ability to maintain its dividend payout ratio as it has had a stable dividend policy. The main points of CICC are as follows: The transformation of the South China Logistics Park has landed and is expected to see more appreciation of land value.
Shenzhen Expressway Corporation Limited's (HKG:548) Low P/E No Reason For Excitement
HK stocks in flux | Highway stocks rebounded in the morning, and the deadline for toll collection on expressways is expected to be extended. Institutions believe that the investment value of the sector will continue to be prominent.
Highway stocks rebounded in early trading. As of publication, Jiangsu Expressway (00177) rose 2.83% to HKD 7.64; Anhui Expressway (00995) rose 2.33% to HKD 9.67; Shenzhen Expressway (00548) rose 0.79% to HKD 7.7; Yuexiu Transport Infrastructure (01052) rose 0.53% to HKD 3.76.
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