Yuexiu Transport Infrastructure (01052) fell by more than 4%. As of press release, it was down 4.3% to HK$4.01, with a turnover of HK$30.180,600.
The Zhitong Finance App learned that Yuexiu Transport Infrastructure (01052) fell by more than 4%. As of press release, it was down 4.3% to HK$4.01, with a turnover of HK$30.180,600.
According to the news, Yuexiu Transport Infrastructure announced its 2023 results, with revenue of RMB 3,967 billion, up 20.6% year on year; profit attributable to shareholders was RMB 765 million, up 68.9% year on year; basic profit per share was $0.4574, with a final dividend of HK$0.15 per share.
HSBC released a research report saying that the company's profit was lower than expected due to impairment losses of 100 million yuan by associated companies. Research lowered Yuexiu Transport Infrastructure's earnings estimates by 18% and 13% for this year and next, respectively, to reflect higher operating and depreciation expenses than expected, and also lowered the target price from 5.1 yuan to 5 yuan, maintaining the “buy” rating. The bank predicts that the group's dividend payout ratio will rise from 54% to 55%. It also believes that with the recovery of traffic and the parent company's potential asset injection, the company's toll revenue will grow steadily, becoming the next catalyst.