Yuexiu Transport Infrastructure ( (HK:1052) ) just unveiled an update.
Yuexiu Transport Infrastructure reported a decrease in revenue and profit for the year ending December 31, 2024, attributed to adverse weather conditions, increased toll-free holidays, and traffic diversions. Despite these challenges, the company is advancing its GNSR Expressway R&E Project, which is expected to enhance traffic conditions and extend the toll operating period by up to 25 years, thereby strengthening its core business. Additionally, the acquisition of a 55% equity interest in Henan Yuexiu Pinglin Expressway Company Limited aligns with the company’s regional expansion strategy, while the divestment from Jinxiong Expressway reflects strategic portfolio management.
More about Yuexiu Transport Infrastructure
Yuexiu Transport Infrastructure operates within the transportation infrastructure industry, focusing primarily on the development, investment, and management of toll roads and expressways. The company is strategically positioned in the Greater Bay Area, connecting major cities like Guangzhou and Shenzhen, and is expanding its operations in Central China.
YTD Price Performance: -0.61%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $822.5M
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