Report
Jennifer Song
EUR 101.80 For Business Accounts Only

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...
Underlying
Guangshen Railway Co Ltd (ADR)

Provider
Morningstar
Morningstar

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Analysts
Jennifer Song

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