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The profit warning indicates that Shenzhen Expressway Corporation (00548.HK) expects a decrease in net profit of 40%-50% compared to last year.
SHENZHENEXPRESS (00548.HK) issued a profit warning, expecting the net profit attributable to shareholders for the fiscal year 2024 to be between 1.164 billion and 1.396 billion RMB, a decrease of 40%-50% compared to the previous year. The main reasons are a significant reduction in investment income from joint ventures' renewal projects; unfavorable weather in the operating project areas, free services during holidays, increased special maintenance costs, and other factors that have affected operating profit; and provisions for impairment of inventory and receivables and other Assets.
SHENZHEN INT'L (00152): Dai Jingming has resigned as Executive Director and Chief Financial Officer.
SHENZHEN INT'L (00152) issued an announcement that Mr. Dai Jingming has resigned as the company's Executive Director and Chief Financial Officer due to reaching the retirement age...
GTJA: The Highway Industry has high dividend yields and stable cash flow, with policy optimization possibly accelerating developments.
It is expected that the high dividend policy will continue in the future, and investing in well-managed highway companies remains a preferred choice for dividends.
In the "Major Action," CICC raised the Target Price for SHENZHEN INT'L (00152.HK) to 9.38 yuan, with an attractive dividend yield.
CICC published a report indicating that SHENZHEN INT'L (00152.HK) announced that the retained land for the first phase of the South China Logistics Park land preparation benefit coordination project has been approved by the people's government of Longhua District, Shenzhen, and will commence related land supply work. The release of this announcement signifies that the company has the development rights for the aforementioned land, and subsequent development work will begin after the formal completion of relevant land transfer procedures. According to the company's announcement, the retained area of the South China Logistics Park project is approximately 0.109 million square meters, with a planned floor area of about 0.694 million square meters, and the land area approved in this phase is about 0.022 million square meters, with a planned floor area ratio of 5.8. Based on the bank's calculations, assuming the land...
CICC: Maintains SHENZHEN INT'L (00152) 'Outperform Industry' rating, Target Price raised to HKD 9.38.
The land preparation project for the South China Logistics Park's first phase, retaining land (specifically plot 02-20-04), has been approved by the Longhua District People's Government of Shenzhen and will initiate land supply-related work.
Hong Kong stocks movement | SHENZHEN INT'L (00152) surged over 7% in early trading as the Phase I project of South China Logistics Park was approved, which is expected to contribute a significant profit increase.
SHENZHEN INT'L (00152) rose more than 7% in the morning session, as of the time of writing, up 7.45%, trading at 7.5 Hong Kong dollars, with a transaction amount of 25.9754 million Hong Kong dollars.
