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Is Anhui Expressway Company Limited (HKG:995) Worth HK$9.3 Based On Its Intrinsic Value?
Key Insights Anhui Expressway's estimated fair value is HK$7.54 based on 2 Stage Free Cash Flow to Equity Anhui Expressway is estimated to be 23% overvalued based on current share price of HK$9.29
Anhui Wantong Expressway (00995.HK) held a board meeting on April 26 to review and approve the first quarter results
Gelonghui, April 15, 丨 Anhui Wantong Expressway (00995.HK) announced that a board meeting will be held on April 26, 2024 (Friday) to review and approve the unaudited results of the company and its subsidiaries for the first quarter ended March 31, 2024 and other related matters (if any).
Hong Kong Stock Concept Tracking | “Infrastructure and Utility Franchise Management Measures” May Implementing Agencies Optimistic About Expressway Sector Valuation Repair (with concept stocks)
On April 8, the National Development and Reform Commission issued the revised “Administrative Measures on Infrastructure and Utility Franchises”, which will take effect in May 2024. Most highways use the franchise model and are most related to the “Measures”. The agency believes that if the “Toll Road Administration Regulations” follow the “Measures” and raise the operating period, the yield of highway renovation and expansion projects is expected to increase, and the long-term value of highway companies is expected to increase. Companies with short term, low PE, and expansion plans have relatively benefited. The overall PE valuation of Hong Kong stock highways is lower than that of A-share highways, or more cost-effective. Changjiang Securities released a research report pointing out that traceability back to the roots and construction is too expensive
Changes in Hong Kong stocks | Guangzhou-Shenzhen Railway Co., Ltd. (00525) rose nearly 9%, leading the way stock sector business and stable dividends, many companies announced shareholder return plans
Highway stocks had the highest gains in early trading. As of press release, Guangzhou-Shenzhen Railway shares (00525) rose 8.43% to HK$1.93; Anhui Wantong Expressway (00995) rose 5.14% to HK$8.8; Jiangsu Ninghu Expressway (00177) rose 4.49% to HK$7.91; and Zhejiang Shanghai-Hangzhou—Hangzhou (00576) rose 4.31% to HK$5.08.
Anhui Expressway's 2023 Profit Jumps 15%
Anhui Expressway (SHA:600012, HKG:0995) posted a profit attributable to shareholders of 1.66 billion yuan, or 0.9995 yuan per share, in 2023, jumping around 15% from the year-ago profit of 1.45 billio
Is Anhui Expressway (HKG:995) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
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