China Merchant Pacific is a China Toll Road operator listed in Singapore currently spotting a high dividend yield of 6.25%
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)
- Investing in the economic moat of toll roads: CMHP
- CMHP: Dividend Yield on Track
- Purchase of Beilun
- Purchase of Jiu Rui
- Q1 2013 report and some AGM updates and analysis
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 ...
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