Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.13 per share Eligible shareholders must have bought the stock before 16 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 6.5%. Lower than top quartile of Hong Kong dividend payers (7.0%). Higher than average of industry peers (5.6%). Price Target Changed • Apr 07
Price target decreased by 12% to HK$5.17 Down from HK$5.87, the current price target is an average from 3 analysts. New target price is 28% above last closing price of HK$4.02. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥0.55 for next year compared to CN¥0.32 last year. Declared Dividend • Mar 30
Final dividend of HK$0.13 announced Shareholders will receive a dividend of HK$0.13. Ex-date: 16th June 2026 Payment date: 30th June 2026 Dividend yield will be 6.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 28
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.32 (down from CN¥0.39 in FY 2024). Revenue: CN¥5.36b (up 8.7% from FY 2024). Net income: CN¥532.9m (down 19% from FY 2024). Profit margin: 9.9% (down from 13% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Infrastructure industry in Hong Kong are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 27
Yuexiu Transport Infrastructure Limited, Annual General Meeting, Jun 11, 2026 Yuexiu Transport Infrastructure Limited, Annual General Meeting, Jun 11, 2026. New Risk • Mar 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 16
Yuexiu Transport Infrastructure Limited to Report Fiscal Year 2025 Results on Mar 27, 2026 Yuexiu Transport Infrastructure Limited announced that they will report fiscal year 2025 results on Mar 27, 2026 Price Target Changed • Dec 17
Price target increased by 12% to HK$5.24 Up from HK$4.67, the current price target is an average from 3 analysts. New target price is 20% above last closing price of HK$4.36. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.39 last year. Upcoming Dividend • Oct 23
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 27 November 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.7%. Lower than top quartile of Hong Kong dividend payers (6.7%). In line with average of industry peers (5.4%). Board Change • Oct 05
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Vincent Peng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Doi Shu Cheung was the last independent director to join the board, commencing their role in 1997. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 17
First half 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.19 in 1H 2024) First half 2025 results: EPS: CN¥0.22 (up from CN¥0.19 in 1H 2024). Revenue: CN¥2.53b (up 28% from 1H 2024). Net income: CN¥360.8m (up 15% from 1H 2024). Profit margin: 14% (down from 16% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 06
Yuexiu Transport Infrastructure Limited to Report Q2, 2025 Results on Aug 15, 2025 Yuexiu Transport Infrastructure Limited announced that they will report Q2, 2025 results on Aug 15, 2025 Upcoming Dividend • Jun 10
Upcoming dividend of HK$0.13 per share Eligible shareholders must have bought the stock before 17 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (5.8%). Reported Earnings • Mar 14
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: CN¥0.39 (down from CN¥0.46 in FY 2023). Revenue: CN¥5.03b (up 7.2% from FY 2023). Net income: CN¥656.8m (down 14% from FY 2023). Profit margin: 13% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 25
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 01 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 6.9%. Lower than top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (6.0%). Major Estimate Revision • Aug 13
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.02b to CN¥3.81b. EPS estimate also fell from CN¥0.495 per share to CN¥0.413 per share. Net income forecast to grow 11% next year vs 11% growth forecast for Infrastructure industry in Hong Kong. Consensus price target down from HK$5.39 to HK$4.82. Share price fell 3.6% to HK$3.45 over the past week. Reported Earnings • Aug 08
First half 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.26 in 1H 2023) First half 2024 results: EPS: CN¥0.19 (down from CN¥0.26 in 1H 2023). Revenue: CN¥1.83b (down 7.4% from 1H 2023). Net income: CN¥313.9m (down 27% from 1H 2023). Profit margin: 17% (down from 22% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 06
Price target decreased by 8.6% to HK$5.16 Down from HK$5.65, the current price target is an average from 5 analysts. New target price is 44% above last closing price of HK$3.58. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥0.50 for next year compared to CN¥0.46 last year. Announcement • Aug 06
Yuexiu Transport Infrastructure Limited Announces an Interim Dividend for the Half-Year Ended 30 June 2024, Payable on 29 November 2024 Yuexiu Transport Infrastructure Limited announced an interim dividend of HKD 0.12 per share for the half-year ended 30 June 2024. Ex-dividend date is 1 November 2024. Record date is 7 November 2024. Payment date is 29 November 2024. Announcement • Jul 25
Yuexiu Transport Infrastructure Limited to Report First Half, 2024 Results on Aug 06, 2024 Yuexiu Transport Infrastructure Limited announced that they will report first half, 2024 results on Aug 06, 2024 Upcoming Dividend • May 17
Upcoming dividend of HK$0.15 per share Eligible shareholders must have bought the stock before 24 May 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 7.0%. Lower than top quartile of Hong Kong dividend payers (7.5%). Higher than average of industry peers (6.1%). Reported Earnings • Apr 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.46 (up from CN¥0.27 in FY 2022). Revenue: CN¥4.69b (up 31% from FY 2022). Net income: CN¥765.3m (up 69% from FY 2022). Profit margin: 16% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Board Change • Apr 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Vincent Shen Peng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 18
Yuexiu Transport Infrastructure Limited Announces Board and Committees Changes The board of directors of Yuexiu Transport Infrastructure Limited announced that Mr. Li Feng resigned as an executive Director and the Chairman of the Board with effect from 17 April 2024 in order to focus on his other business commitments. In particular, Mr. Li will continue to be the chairman of the board of directors and a non-executive director of Chong Hing Bank Limited and a director of Guangzhou Yuexiu Capital Holdings Group Co. Ltd. Upon his resignation, he also ceased to be the Chairman of each of the nomination committee of the Board and the environmental, social and governance committee of the Board (the ESG Committee) and a member of the remuneration committee of the Board. The Board further announced that Mr. Li ceased to be an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and the authorised representative for accepting the service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the Process Agent) with effect from 17 April 2024. Ms. Liu Yan was appointed as an executive Director, the Chairman of the Board, the Chairman of each of the Nomination Committee and the ESG Committee and a member of the Remuneration Committee with effect from 17 April 2024. The Board further announced that Ms. Liu was appointed as an Authorised Representative and the Process Agent with effect from 17 April 2024. Ms. Liu, aged 45, graduated from Nankai University with a Master's degree in law and an Executive Master of Business Administration degree from Shanghai Jiao Tong University. She obtained the qualification of Intermediate Economics (Human Resources Management). Ms. Liu has extensive work experience in operation management, organisational management and human resources management, etc. in large business enterprises. Ms. Liu is the chief operating officer and chief human resources officer of Guangzhou Yue Xiu Holdings Limited and Yue Xiu Enterprises (Holdings) Limited. Ms. Liu is also a director of Guangzhou City Construction & Development Co. Ltd., Guangzhou Paper Group Limited, Guangzhou Yuexiu Dairy Group Co. Ltd., and Liaoning Yuexiu Huishan Holdings Co. Ltd., and the vice chairman of Guangzhou Yuexiu Shared Services Co. Ltd. Ms. Liu joined Guangzhou Yue Xiu in July 2002 and was a director of Guangzhou Yuexiu Financial Holdings Group Company Limited until October 2020, Guangzhou Yuexiu Capital Holdings Company Limited until September 2020, Guangzhou Yuexiu Financial Leasing Co., Limited until April 2021 and Shanghai Yuexiu Finance Leasing Co., Limited until April 2021, and the director of human resources of Guangzhou Yue Xiu and YXE. She has led the implementation of several major projects for Guangzhou Yue Xiu on operation management, lean management, establishment of systems and regimes, as well as changes in human resources. In August 2018, she was appointed as an executive director of Yuexiu Property Company Limited. Ms. Liu has entered into a letter of appointment with the Company for an initial fixed term of three years commencing on 17 April 2024 unless terminated by not less than three months' prior notice in writing given by either party to the other. Subject to the provisions of re- election or retirement by rotation at the general meeting of the Company in accordance with the bye-laws of the Company (the Bye-Laws), Ms. Liu shall hold office only until the next annual general meeting of the Company and then be eligible for re-election. Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.17b to CN¥4.12b. EPS estimate also fell from CN¥0.614 per share to CN¥0.513 per share. Net income forecast to grow 12% next year vs 11% growth forecast for Infrastructure industry in Hong Kong. Consensus price target down from HK$5.89 to HK$5.69. Share price fell 15% to HK$3.91 over the past week. Announcement • Mar 06
Yuexiu Transport Infrastructure Limited, Annual General Meeting, May 21, 2024 Yuexiu Transport Infrastructure Limited, Annual General Meeting, May 21, 2024. Agenda: To consider the dividend. Reported Earnings • Mar 06
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.46 (up from CN¥0.27 in FY 2022). Revenue: CN¥4.60b (up 29% from FY 2022). Net income: CN¥765.3m (up 69% from FY 2022). Profit margin: 17% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Infrastructure industry in Hong Kong are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Announcement • Feb 23
Yuexiu Transport Infrastructure Limited to Report Fiscal Year 2023 Final Results on Mar 05, 2024 Yuexiu Transport Infrastructure Limited announced that they will report fiscal year 2023 final results on Mar 05, 2024 Upcoming Dividend • Oct 27
Upcoming dividend of HK$0.15 per share at 6.2% yield Eligible shareholders must have bought the stock before 03 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 6.2%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (6.7%). Reported Earnings • Aug 12
First half 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.18 in 1H 2022) First half 2023 results: EPS: CN¥0.26 (up from CN¥0.18 in 1H 2022). Revenue: CN¥1.98b (up 16% from 1H 2022). Net income: CN¥427.1m (up 45% from 1H 2022). Profit margin: 22% (up from 17% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Yuexiu Transport Infrastructure Limited Announces Interim Dividend for the Half-Year Period Ended 30 June 2023, Payable on 29 November 2023 Yuexiu Transport Infrastructure Limited announced the interim dividend of HKD 0.15 per share for the half-year period ended 30 June 2023, payable on 29 November 2023. Ex-dividend date is on 03 November 2023 with Record date is on 09 November 2023. Announcement • Jul 28
Yuexiu Transport Infrastructure Limited to Report First Half, 2023 Results on Aug 08, 2023 Yuexiu Transport Infrastructure Limited announced that they will report first half, 2023 results on Aug 08, 2023 Upcoming Dividend • Jun 09
Upcoming dividend of HK$0.10 per share at 4.8% yield Eligible shareholders must have bought the stock before 16 June 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.9%). Announcement • May 09
Yuexiu Transport Infrastructure Limited Announces Executive Changes Yuexiu Transport Infrastructure Limited announces that with effect from 8 May 2023: Mr. Pan Yongqiang was appointed as an executive Director; and Mr. Peng Vincent Shen was appointed as an independent non-executive Director and a member of the Audit Committee, the Remuneration Committee, the Nomination Committee and the ESG Committee. Mr. Pan, aged 47, obtained a Bachelor's degree in economics majoring in international trade from Sun Yat-Sen University in the People's Republic of China in June 1998. Mr. Pan has over 10 years of senior management experience in the business operations of the Group. From May 2006 to December 2008, Mr. Pan served in Ingram Micro (China) Investment Co. Ltd., a subsidiary of an international distributor of information technology products and services and held the last position as the senior business development manager of the business development department. From March 2009 to November 2009, he served as assistant to the chief executive officer of Yuexiu REIT Asset Management Limited, the manager of Yuexiu Real Estate Investment Trust, the units of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (stock code: 00405). Mr. Pan joined the Company in November 2009 and has served as a deputy general manager since then. From November 2009 to September 2010, he was also the general manager of the investor relations management department of the Company. The Board announced that Mr. Peng Vincent Shen ("Mr. Peng") was appointed as an independent non-executive Director and a member of the audit committee (the "Audit Committee") of the Board, the remuneration committee (the "Remuneration Committee") of the Board, the nomination committee (the "Nomination Committee") of the Board and the environmental, social and governance committee (the "ESG Committee") of the Board with effect from 8 May 2023. In addition, Mr. Peng was also appointed as a member of the independent board committee of the Board in respect of the continuing connected transactions in relation to bank deposits as disclosed in the announcement of the Company dated 5 May 2023. Mr. Peng, aged 54, has extensive experience in investment, fund management and investment banking. Mr. Peng has been the managing director of GLP since October 2018 and is primarily responsible for investment management and business development. He was the deputy chairman of China Merchants Capital Investment Co. Ltd. since March 2020, and is the chairman since April 2023. He worked with Goldman Sachs from March 2006 to September 2012, with previous positions including managing director, co-head of Asia real estate, and responsible officer for Goldman Sachs (Asia) LLC, primarily responsible for the business operations of the Goldman Sachs group in Asia. Mr. Peng has entered into a letter of appointment with the Company for an initial fixed term of three years commencing on 8 May 2023 unless terminated by not less than three months' prior notice in writing given by either party to the other. Subject to the provisions of re-election or retirement by rotation at the general meeting of the Company in accordance with the Bye-Laws, Mr. Peng shall hold office only until the next annual general meeting of the Company and then be eligible for re-election. Mr. Peng will receive a director's fee of RMB220,000 per annum under the letter of appointment which was determined by the Board after taking into account Mr. eng's expected duties and responsibilities and the level of director's fee of the other independent non-executive Directors. Save for the director's fee, Mr. Peng is not expected to receive any other remuneration for holding his office as an independent non-executive Director. Price Target Changed • Mar 11
Price target increased by 8.5% to HK$6.35 Up from HK$5.85, the current price target is an average from 6 analysts. New target price is 46% above last closing price of HK$4.36. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.27 last year. Reported Earnings • Mar 08
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.27 (down from CN¥0.88 in FY 2021). Revenue: CN¥3.58b (down 8.0% from FY 2021). Net income: CN¥453.1m (down 69% from FY 2021). Profit margin: 13% (down from 38% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Infrastructure industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Doi Shu Cheung was the last independent director to join the board, commencing their role in 1997. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 28
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 04 November 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 15%. Within top quartile of Hong Kong dividend payers (9.6%). Higher than average of industry peers (8.6%). Major Estimate Revision • Aug 16
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥3.86b to CN¥3.51b. EPS estimate also fell from CN¥0.60 per share to CN¥0.44 per share. Net income forecast to shrink 32% next year vs 4.5% growth forecast for Infrastructure industry in Hong Kong . Consensus price target down from HK$7.46 to HK$5.70. Share price fell 9.1% to HK$3.90 over the past week. Price Target Changed • Aug 11
Price target decreased to HK$6.57 Down from HK$7.46, the current price target is an average from 5 analysts. New target price is 68% above last closing price of HK$3.92. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.88 last year. Reported Earnings • Aug 10
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down CN¥467.7m from profit in 1H 2021). Profit margin: (down from 25% in 1H 2021). Over the next year, revenue is forecast to grow 6.3%, compared to a 7.7% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 30
Upcoming dividend of HK$0.41 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 16%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (7.2%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Doi Shu Cheung was the last independent director to join the board, commencing their role in 1997. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 19
Price target decreased to HK$6.91 Down from HK$7.60, the current price target is an average from 5 analysts. New target price is 30% above last closing price of HK$5.30. Stock is up 7.3% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.88 last year. Price Target Changed • Mar 09
Price target decreased to HK$7.09 Down from HK$7.65, the current price target is an average from 4 analysts. New target price is 37% above last closing price of HK$5.16. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.88 last year. Major Estimate Revision • Nov 26
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from CN¥0.58 to CN¥0.98. Revenue forecast steady at CN¥3.79b. Net income forecast to grow 15% next year vs 4.6% growth forecast for Infrastructure industry in Hong Kong. Consensus price target up from HK$7.12 to HK$7.38. Share price rose 7.5% to HK$5.13 over the past week. Upcoming Dividend • Oct 29
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 05 November 2021. Payment date: 29 November 2021. Trailing yield: 8.1%. Within top quartile of Hong Kong dividend payers (7.0%). Higher than average of industry peers (6.8%). Reported Earnings • Aug 11
First half 2021 earnings released: EPS CN¥0.28 (vs CN¥0.17 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥1.85b (up 106% from 1H 2020). Net income: CN¥467.7m (up CN¥755.8m from 1H 2020). Profit margin: 25% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Executive Departure • Jul 16
Executive Director Yanhui Xie has left the company On the 9th of July, Yanhui Xie's tenure as Executive Director ended after 1.4 years in the role. We don't have any record of a personal shareholding under Yanhui's name. Yanhui is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.63 years. Upcoming Dividend • May 31
Upcoming dividend of HK$0.07 per share Eligible shareholders must have bought the stock before 07 June 2021. Payment date: 29 June 2021. Trailing yield: 1.5%. Lower than top quartile of Hong Kong dividend payers (6.0%). Lower than average of industry peers (5.9%). Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥0.096 (vs CN¥0.68 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.23b (down 3.6% from FY 2019). Net income: CN¥160.5m (down 86% from FY 2019). Profit margin: 5.0% (down from 34% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS CN¥0.096 (vs CN¥0.68 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.25b (down 2.2% from FY 2019). Net income: CN¥160.5m (down 86% from FY 2019). Profit margin: 4.9% (down from 34% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) missed analyst estimates by 59%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the Infrastructure industry in Hong Kong. Is New 90 Day High Low • Feb 26
New 90-day high: HK$5.56 The company is up 15% from its price of HK$4.83 on 27 November 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$6.40 per share. Is New 90 Day High Low • Jan 22
New 90-day high: HK$5.55 The company is up 22% from its price of HK$4.56 on 23 October 2020. The Hong Kong market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$6.39 per share. Is New 90 Day High Low • Dec 28
New 90-day high: HK$5.21 The company is up 15% from its price of HK$4.52 on 29 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$6.31 per share. 
