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The latest update is out from Yuexiu Transport Infrastructure ( (HK:1052) ).
Yuexiu Transport Infrastructure has announced the acquisition of an 85% equity interest in a company operating the Shandong Province section of the Qinbin Expressway, a crucial part of the Beijing-Harbin Expressway. This acquisition aligns with the company’s regional expansion strategy and is expected to enhance its revenue sources and sustainable development capabilities. The expressway’s strategic location in a thriving economic and industrial region is anticipated to bolster economic cooperation and maintain stable truck traffic volumes, thereby contributing positively to the company’s financial performance.
The most recent analyst rating on (HK:1052) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on Yuexiu Transport Infrastructure stock, see the HK:1052 Stock Forecast page.
More about Yuexiu Transport Infrastructure
Yuexiu Transport Infrastructure is a company operating within the infrastructure sector, focusing primarily on the management and operation of expressways. The company is actively involved in regional expansion strategies, particularly in economically significant areas such as the eastern coastal region of China.
Average Trading Volume: 2,162,854
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$7.24B
Find detailed analytics on 1052 stock on TipRanks’ Stock Analysis page.