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Anhui Expressway Company Limited's (HKG:995) Price In Tune With Earnings
Anhui Expressway to Acquire Two Highway Concession Companies From Parent
Research Reports Gold Digging | GTJA: Maintain Anhui Expressway 'Shareholding' rating, raising Target Price to 20.06 yuan.
The GTJA Research Reports pointed out that Anhui Expressway (600012.SH) will be significantly affected by fluctuations in industry-wide demand and renovation and expansion in 2024. In the future, as high-quality road assets complete renovation and expansion, the operation period will be extended and long-term profitability will be secured. Continuous high dividends are expected, and dividend certainty is anticipated. In the first three quarters of 2024, the company's net income attributable to the parent company was 1.22 billion yuan, a year-on-year decrease of 10%; during this period, the average daily traffic flow dropped 10% year-on-year, and toll revenue fell 8% year-on-year. In addition to the impact of industry-wide freezing rain and snow and demand fluctuations, this is mainly due to the implementation of one-way traffic on the 宣广 and 广祠 expressways starting in March 2024.
Hong Kong stocks movement | ANHUIEXPRESSWAY (00995) rises over 4% to reach a historical high, Institutions indicate that the company's high dividend policy is expected to continue.
ANHUIEXPRESSWAY (00995) rose over 4%, reaching a new high of 10.68 Hong Kong dollars. As of publication, it has increased by 4.5%, reported at 10.68 Hong Kong dollars, with a transaction volume of 26.101 million Hong Kong dollars.
Dongxing's Investment Outlook for the Transportation Industry in 2025: Seeking Progress while Maintaining Stability, Favoring Sectors with Improved Supply and Demand.
The situation of increased volume and decreased prices is not only the current state this year, but the potential price competition that may arise from it is also a challenge that the Industry may face in 2025.
China Merchants: The performance and dividend stability are strong; under the expectation of interest rate cuts, the 2025 road Industry has strong allocation value.
Highways have characteristics of strong performance stability, high and stable dividend rates. Under the expectation of interest rate cuts over the next 25 years, highways have strong allocation value as core dividend Assets.
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