Guangshen stands to benefit handsomely from China’s railway reform initiatives.
Guangshen has taken a step further toward monetizing its large land reserves, following its decision to hand over the land use rights of certain land parcels in Guangzhou. This marks an important milestone, and reaffirms our view that China’s railway reform will deepen and widen in 2018. Management expects the transaction, which is still being finalized, to boost its net income by at least 50%. We leave our earnings forecasts unchanged, pending additional details, but expect little change to our...Guangshen Railway Company Limited is engaged in the provision of passenger and freight transportation on railroads. The Company also operates certain other businesses, which include services offered in railway stations, and sales of food, beverages and merchandises on board the trains and in the railway stations. Its segments include The Railway Transportation Business and All other segments. The railroad and related business is conducted by the Company (the Railway Transportation Business). Other segments include on-board catering services, leasing, sales of materials, sale of goods and other businesses related to railway transportation provided by the subsidiaries of the Company. The Company is engaged in the provision of integrated services in relation to railway facilities and technology, commercial trading and other industrial businesses. It also operates with other railway companies in the People's Republic of China (PRC) for the provision of freight transportation services.
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