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CICC: Maintains SHENZHEN INT'L "outperforming the Industry" rating, Target Price raised to HKD 9.38.
CICC released a research report stating that it will maintain the earnings forecast for SHENZHEN INT'L (00152) for 2024 and 2025. After the completion of the Shenzhen Expressway Corporation's private placement, there may be some dilution in the company's shareholding ratio. The 2026 earnings forecast of 3.61 billion yuan is introduced for the first time. The valuation is switched to 2025, and considering the company's stable dividend policy, the Target Price is raised by 23.3% to HKD 9.38, maintaining the "outperforming the Industry" rating. According to the company's announcement, on December 30, 2024, the city planning bureau in Longhua announced that the South China Logistics Park land preparation benefit coordination project Phase I retains land (i.e., plot 02-20-04).
Shenzhen Expressway Gets Regulatory Nod for Consolidation of Reserved Land
SHENZHENEXPRESS (00548.HK): The adjustment of truck transportation charges for the riverside project has concluded.
On December 30, Gelonghui reported that SHENZHENEXPRESS (00548.HK) announced that according to the agreement signed with the Shenzhen Transportation Bureau (formerly the Shenzhen Transportation Committee) and the Guangzhou-Shenzhen Coastal Expressway Investment Co., Ltd. ("Coastal Company", BAY AREA DEV and Shenzhen Expressway Corporation respectively hold 51% and 49% equity), the toll adjustment for truck transportation on the Shenzhen section of the Guangzhou-Shenzhen Coastal Expressway ("Coastal Project") will be implemented: from March 1, 2018, to December 31, 2024, trucks passing through the Coastal Project will be charged 50% of the normal toll rate.
Shenzhen Expressway Corporation (600548.SH): The toll adjustments for freight transportation on the Shenzhen section of the Guangzhou-Shenzhen Coastal Expressway have been completed.
On December 30, Gelonghui reported that Shenzhen Expressway Corporation (600548.SH) announced the completion of the adjustment of freight transportation charges for the Shenzhen section of the Guangzhou-Shenzhen coastal expressway ("coastal project"): According to the agreement signed between the Transportation Bureau of Shenzhen (formerly the Transportation Committee of Shenzhen) and the company's subsidiary, Shenzhen Guangzhou-Shenzhen Coastal Expressway Investment Co., Ltd. ("coastal company"), the freight transportation charge adjustment for the coastal project will be implemented: From March 1, 2018, to December 31, 2024, freight vehicles using the coastal project will be charged a toll at 50% of the normal rate.
Shenzhen Expressway Corporation (600548.SH): In November, the toll revenue from the outer ring project was approximately 0.1 billion yuan.
Shenzhen Expressway Corporation (600548.SH) announced that in November 2024, the Meiguan Expressway, the east section of Jihe, and the west section of Jihe...
SHENZHENEXPRESS (00548): In November, the revenue from tolls for the outer ring project was 0.101 billion yuan, a decrease of 3.41% year-on-year.
SHENZHENEXPRESS (00548) announced that in November 2024, the Mei-Guan Expressway, the eastern section of the Ji-He, the western section of the Ji-He...
