Shares & Derivatives
Non-performing China Toll Roads, Jiangsu expressway’s acquisition and CMHP
By Investment Moats  •  January 6, 2015
Two posts that I would like to link to that is of concern to China Merchant Pacific Holdings (CMHP) The first post have been broadcast in not just one media but also Channel News Asia > Operators of Chinese Expressways live life in the fast lane It talks about the expressways in China that are state owned racked up huge amount of losses. Yet, the 19 listed expressways racked up record profits and great margins.  This is not something new. Even in the AGM, the former CEO Jiang Yan Fei reflected on the gearing of CMHP to be conservative and that when asked whether toll rates can be cut, he said it is possible definitely, but in that scenario the other state owned expressway will basically have a seriously tough time. I guess this report sort of validates this. However, the general narrative seems to be that the toll ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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