Guangzhou-Shenzhen Railway shares (00525) rebounded more than 3%. As of press release, they rose 2.9% to HK$1.42 million, with a turnover of HK$1,317 million.
The Zhitong Finance app learned that Guangzhou-Shenzhen Railway shares (00525) rebounded more than 3%. As of press release, they had risen 2.9% to HK$1.42, with a turnover of HK$1,317 million.
According to news, Guangshen Railway Co., Ltd. recently released its report for the third quarter of 2023. In the third quarter of 2023, the company's main revenue for a single quarter was 6.798 billion yuan, up 18.24% year on year; net profit for the single quarter was 341 million yuan, up 249.35% year on year.
Guohai Securities pointed out that in the long run, in the future, new lines such as the Guangzhan High Speed Rail in the Bay Area will be put into operation one after another; stations such as Guangzhou Station and Guangzhou East Railway Station will also be renovated and upgraded to further help the company enter the field of high-speed rail operations. As the network connectivity in the Bay Area and surrounding radiation areas continues to increase, the company's growth potential needs to be further explored. Continue to be optimistic about the company's future opportunities to transition to high-speed rail and maintain its “increased holdings” rating.