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CICC: Market risk aversion sentiment is rising, and the road Sector has dominant defensive characteristics.
In the short term, the highway Sector's performance in Q1 2025 is expected to achieve year-on-year growth under a low base, and the introduction of the USA's "reciprocal tariffs" may intensify external uncertainties, increasing market risk aversion. Referring to market performance during the trade friction period of 2018-2019, defensive sectors are expected to outperform.
Shenzhen Investment Bay Area's Profit Declines 13% in 2024
BAY AREA DEV (00737) will distribute a final dividend of 0.0715 yuan per share on July 15.
BAY AREA DEV (00737) announced that it will distribute dividends on July 15, 2025, as of December 3, 2024...
In 2024, the profit attributable to shareholders of BAY AREA DEV (00737.HK) decreased by 13% year-on-year to 0.461 billion yuan.
On March 20th, Gelonghui reported that BAY AREA DEV (00737.HK) announced its annual performance for the year ending December 31, 2024, with net toll revenue growing by 1% year-on-year to approximately RMB 2.668 billion, mainly due to the combined impact of the following factors: (1) The Jiang River Expressway (Shenzhen section) benefited positively from the simultaneous opening of its second phase and the Shenzhen-Zhongshan Channel in June 2024, leading to a significant increase in toll revenue; (2) The implementation of the free passage policy for vehicles with 7 seats or fewer during holidays in 2024 was 3 days longer compared to the same period last year; and (3) The Guangzhou-Shenzhen Expressway and the Guangzhou-Zhuhai West Line Expressway were influenced by surrounding expressways.
Express News | Corrected-Shenzhen Investment Holdings Bay Area Development FY Net Income RMB 597.9 Million (Corrects Amount)
FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
Shenzhen Investment Holdings Bay Area Development Company Limited's (HKG:737) Shares Climb 27% But Its Business Is Yet to Catch Up
