Singapore Stock Market News
China Merchants Hldgs (Pacific) - Growing Greatness
StockFanatic
Publish date: Wed, 14 Oct 2015, 10:22 AM
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Acquisitions to drive bottom line expansion
The recently completed acquisitions of Jiurui Expressway and three toll roads in Guangxi Zhuang Autonomous Region should propel the group's top and bottom lines in the medium to long term. We project CMHP's core earnings will grow by nearly 50% from HK$675m in 2014 to HK$1,004m by 2017F, driven by contribution from these recent acquisitions.
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