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Chengdu Expressway Co., Ltd. Class H ( (HK:1785) ) just unveiled an announcement.
Chengdu Expressway Co., Ltd. has announced that the toll collection period for the Chengdu Shuangliu Airport Expressway, the main route connecting downtown Chengdu to Chengdu Shuangliu International Airport and operated through its 55%-owned subsidiary Chengdu Airport Expressway Co., Ltd., will expire at midnight on 26 December 2025, after which all vehicles using the road will be exempt from toll charges. The expressway generated RMB106.1 million in toll revenue in 2024, accounting for only a small portion of the company’s total toll revenue of RMB1.43 billion, and Chengdu Expressway expects that the cessation of tolls will not have a material impact on its overall financial performance, though it advises investors to remain mindful of investment risks as it implements the required transition measures.
The most recent analyst rating on (HK:1785) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on Chengdu Expressway Co., Ltd. Class H stock, see the HK:1785 Stock Forecast page.
More about Chengdu Expressway Co., Ltd. Class H
Chengdu Expressway Co., Ltd. is a PRC-incorporated toll road operator focusing on the investment, operation and management of expressways in and around Chengdu, including key links to major transport hubs such as Chengdu Shuangliu International Airport. The company generates revenue primarily from toll collection across its expressway portfolio and is listed in Hong Kong under stock code 01785.
Average Trading Volume: 1,252,903
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.49B
For an in-depth examination of 1785 stock, go to TipRanks’ Overview page.