China Merchant Pacific is a China Toll Road operator listed in Singapore currently spotting a high dividend yield of 6.25%

China Merchant Pacific: The Dividend Growth Thesis bmQC1M7

China Merchant Pacific announces their 3rd quarter 2013 results yesterday night. I was initially going to post some thoughts on this but waited for the announcement so that this would be a more fruitful posting.

Before reading this, you may want to revisit some older articles on China Merchant Pacific (CMHP)

3rd Quarter Results

As a note to all un-invested investors or investors new to CMHP, CMHP financial statements includes:

  • 49% of Yong Tai Wen Expressway which CMHP do not have control of. This will jack up the assets, debts and free cash flow

Results can be review here …