SEHK:1785Infrastructure
Chengdu Expressway (SEHK:1785) Stock Keeps Calm As Margins Climb
Chengdu Expressway stock closed at HK$2.02 after the market absorbed its Q2 release, with the share price drifting only modestly over the past week. The market move was calm. The earnings story was not. The headline from this quarter is margin strength. Net profit margin over the last 12 months sat at 19.1%, compared with 16.8% a year earlier, and trailing earnings grew 11.7%.
For a toll road operator, that kind of profitability improvement matters more than the day’s small share price shift...