HSBC Research released a research report on downgrading the development of the Bay area.(00737) Toll revenue is forecast to be 8% this year to reflect the latest traffic flow, maintain the "buy" rating, and lower the target price from HK $4.20 to HK $3.90.
Yingxi expects a profit of 287 million yuan (the same below) for shareholders in the first half of the year, compared with a loss of 115 million yuan in the same period last year due to the epidemic-related toll-free policy, which is 5 percent lower than in the same period in 2019, the report said. The bank said the group's performance was lower than the bank expected, in part due to the impact of the epidemic at the end of May. The bank pointed out that the development of the Bay area is merging with Shenzhen Expressway (00548). It is believed that upon completion, the experience of Shenzhen Expressway in land development will help the development of the Bay area to speed up the expansion of Guangzhou-Shenzhen Expressway and land development along the railway.