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Guangdong Provincial Expressway Logs 24.3% Drop in 2022 Profit
12:41 AM EST, 02/03/2023 (MT Newswires) -- Guangdong Provincial Expressway Development (SHE:000429, SHE:200429) booked a net profit attributable to shareholders of 1.29 billion yuan for 2022, down 24.
Shenwan Hongyuan - In-depth analysis of the highway industry
Summary of the research report: Conclusions and investment recommendations are beneficial in the short term, and the risks are manageable; the industry as a whole has maintained steady growth, and it is recommended to lay out two lines of dividend defense and steady growth. Reason and logic policy: Abolish provincial toll gates, promote the application of no-parking electronic toll systems, and charge trucks by model, in a short time. In May, the State Council issued the “Implementation Plan for Deepening the Reform of the Toll Road System and Abolishing Provincial Toll Gates on Highways”, which mainly promotes the abolition of provincial toll gates. In order to cooperate with the abolition of provincial toll gates, it also calls for vigorous promotion of no-parking electronic toll system application services and changes in truck charging models. In the short term, 95
Transportation Industry: “Talking About Highways” Series 3 Revisits the Defensive Value of Highway Stocks
Investment recommendations Since 2H18, we have successively published industry reports “Eight Questions and Eight Answers Highway” and a sequel to “Talking Highway”, and published in-depth reports on individual stocks such as Ninghu, Shenzhen Expressway, Guangdong Expressway, Yuexiu Transportation, and China Merchants Highway at selected times, prompting investment opportunities for outstanding individual stocks. At a time when uncertainty in the internal and external economic environment is increasing and the stock market is fluctuating greatly, we are publishing this report, once again discussing the defensive value of road stocks, and reviewing the industry policy reasons why road stock prices have been repeated since this year, believing that stock prices need to be repaired. At the individual stock level, we divide highway companies into stable return types and investment growth types, and are optimistic about Shenzhen Expressway A/H and Ning in order
Guangdong Expressway A (000429.SZ): Asia East Fosun Asia Union Investment Releases the Pledge of 157 Million Shares
Gelonghui, August 7, 丨 Guangdong Expressway A (000429.SZ) announced that on August 7, 2019, the company received a notice from shareholder Yadong Fosun Asia Union Investment Co., Ltd. and learned that Yadong Fosun Asia Union Investment Co., Ltd. had removed the pledge of about 157 million shares held and pledged to Galaxy Securities, accounting for 77.39% of its shares. As of the company's disclosure date, Yadong Fosun Asia Union Investment Co., Ltd. held about 202 million shares of the company, accounting for 9.68% of the company's total share capital. After the pledge was lifted, there was no share pledge on the company's shares held by Yadong Fosun Asia Union Investment Co., Ltd.
Industry research: transportation industry semi-annual report 2019 performance preview: economic growth slowdown delivery as a whole in line with expectations
The overall delivery data in the first half of the year are in line with expectations, and the performance of sub-sectors varies in the first half of 2019: 1) the airline is affected by the suppression of fares, and the overall performance is under pressure; 2) the number of pieces in the express delivery industry is in line with expectations, and the growth rate of leading parts remains stable; 3) Container and oil shipments improved year-on-year due to the low base in the same period last year; 4) in the infrastructure sector, the growth rate of airport traffic is low, but tax exemption promotes performance growth. The overall performance of roads, railways and ports has been lacklustre as a result of the macroeconomic slowdown. Continue to recommend Jiayu International, which has Davis double-click potential; after the report, look forward to the second half of the year, recommend: Guangdong Expressway with high dividend debt; capital
Transportation industry delivery week: the impact of sulfur restriction on oil tankers has gradually entered the verification period, and the express delivery industry continues to maintain a high growth trend.
Shipping: Clarkson VLCC TCE fell 15 per cent to $16968 a day this week as the situation escalated after Britain detained an Iranian tanker in Gibraltar on the grounds of violating EU sanctions on Syria. Iran threatened to detain the British ship if it was not released soon. The current logic is still to increase exports to replace the increase in transport distance brought about by OPEC production reduction, superimposing the transport capacity brought about by sulfur limitation in the second half of the year. At present, the VLCC to be installed with desulphurization tower accounts for 16% of the transport capacity, which is the highest proportion of all subdivided ship types. According to Clarkson's latest report, after the sulfur restriction order comes into effect (1) affects the whole oil.
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