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Risks Still Elevated At These Prices As Huayu Expressway Group Limited (HKG:1823) Shares Dive 36%
Hong Kong Stock Concept Tracking | Deepening reform promotes optimization of toll road policies, and the deadline for toll road fees is expected to break through. (Attached concept stocks)
The revised Regulations on the Management of Infrastructure and Public Utility Franchise will be implemented from May 1st.
Hong Kong Shares Slip as Investors Seek Post-Plenum Clarity; Huayu Expressway Falls 6%
Huayu Expressway Group Expects Lower Profit in H1, Shares Down 6%
Huayuexpressway (01823.HK) is expected to have a continuous operating profit of approximately 16.6 million to 18.4 million yuan in the medium term.
On July 22, Gelonghui reported that Huayuexpressway (01823.HK) expects to record a revenue of approximately RMB 122.4 million to RMB 135.2 million for the six months ended June 30, 2024. In contrast, the revenue for the same period last year was approximately RMB 276.8 million. The group is also expected to record a profit of approximately RMB 16.6 million to RMB 18.4 million from its continuing business operations during this period, while the profit recorded in the same period last year was approximately RMB 27.6 million. The decrease in group revenue and profit is mainly due to.
Huayuexpressway (01823) issues profit warning; expected mid-term revenue to decrease to approximately 0.122 billion-0.135 billion yuan year-on-year.
Huayu Expressway (01823) announced that the group expects to generate revenue for the six months ending June 30, 2024...
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