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Daqin Railway Logs 2% Rise in December 2024 Freight Volume
Daqin Railway 2024/12 Daqin Line Production and Operation Data Briefing
Daqin Railway (601006.SH): In December, the Daqin line completed a cargo transportation volume of 35.02 million tons, a year-on-year increase of 1.95%.
On January 6, Gelonghui reported that Daqin Railway (601006.SH) announced that in December 2024, the core Operating Assets of the Daqin line completed a cargo Transportation volume of 35.02 million tons, a year-on-year increase of 1.95%. The average daily freight volume for the month was 1.1297 million tons. The Daqin line operated an average of 67.5 heavy trains daily, including 52.7 trains with an average daily loading of 0.02 million tons. From January to December 2024, the cumulative cargo Transportation volume of the Daqin line reached 392.15 million tons, a year-on-year decrease of 7.09%.
Research Reports highlights丨CICC: Maintains Daqin Railway "Outperforming Industry" rating, raises Target Price to 8 yuan.
Gelonghui January 6 | Research Reports from China International Capital Corporation indicate that the value of Daqin Railway (601006.SH) is becoming apparent: 1) The fundamentals of Daqin Railway are expected to stabilize and improve (data from the Coal News Network shows that the transportation volume on the Daqin line turned positive year-on-year in December); 2) The suppression of stock prices by convertible bonds may be nearing the end; 3) In comparison, the expected dividend yield for Daqin Railway in 2024/25 is 4.0%/4.7%, higher than the dividend assets in the Transportation Sector (the average dividend yield in 2025 is 3.8%). It is expected that the transportation volume on the Daqin line will be 0.392/0.421 billion tons in 2024/25, recovering to the historical average level of Daqin this year. Additionally,
DAQIN RAILWAY(601006):CLEAR INVESTMENT VALUE AS A HIGHDIVIDEND ASSET
Daqin Railway (601006): Making up for the gaps in dividend assets.
Investment advice: In 2024, the Daqin Railway is expected to increase by 1.3%, underperforming the SSE Dividend Index by 13.2 percentage points, and significantly lagging behind transportation-related dividend Assets (with core individual stocks generally increasing by more than 40% in 2024). We believe the reasons are: 1