There is still good value at Jiangsu Expressway and key drivers are stronger traffic recovery, rise in clean energy contribution, margin expansion through cost control and completion of new projects.
Boomeranged on Mon, 23 Oct 2023 12:57
The recent fall in share price has put Jiangsu Expressway on an attractive yield of 7.3% and this is very secure given it has consistently paid out DPS of Rmb0.46 since FY18. The 35.8% surge in 1H23 net profit further adds to confidence in such a dividend stream and opens the possibility of increasing payout in this year.
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