Jiangsu Expressway Co. Ltd. A

Jiangsu Expressway is engaged in the investment, construction, operation and management of the Jiangsu section of Shanghai-Nanjing Expressway, the Jiangsu section of the 312 National Highway, the Guangjing Xicheng Expressway, Nanjing-Lianyungang Class 1 Highway-Nanjing Section and other toll highways within Jiangsu Province owned or invested by Co. Co. also develops passenger transport and other ancillary services along these highways, including refueling, catering, retailing, automobile repair and maintenance, advertising and accommodation. Through its subsidiaries and associates, Co. is also engaged in real estate development; infrastructure and industrial investment; and hotel operation.
  • Ticker600377
  • ISINCNE0000016S0
  • ExchangeShanghai Stock Exchange
  • SectorIndustrial Transportation
  • CountryChina

Analysts

JIANGSU EXPWY.CO.LTD. sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of JIANGSU EXPWY.CO.LTD. (CN), a company active in the Transportation Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date September 20, 2019, the closing price was CNY 10.46 and its potential was estimated at CNY 11.02.

Jennifer Song

Morningstar | JE’s 1Q in Line; Shares Fairly Valued.

We maintain our fair value estimate of HKD 11.20 per share for narrow-moat Jiangsu Expressway, or JE, following the company’s in line first-quarter results. With little property income booked in first-quarter 2019, JE’s revenue dropped 16% year over year, while net profit rose 2% to CNY 1 billion. This was helped by a decent toll segment performance, which was largely driven by a low base a year ago due to the extreme cold weather conditions. We think a slowing economy in China, as well as impact from the U.S.-China trade impasse, will continue to weaken China’s industrial activity and weigh o...

Jennifer Song

JE’s 1Q in Line; Shares Fairly Valued.

We maintain our fair value estimate of HKD 11.20 per share for narrow-moat Jiangsu Expressway, or JE, following the company’s in line first-quarter results. With little property income booked in first-quarter 2019, JE’s revenue dropped 16% year over year, while net profit rose 2% to CNY 1 billion. This was helped by a decent toll segment performance, which was largely driven by a low base a year ago due to the extreme cold weather conditions. We think a slowing economy in China, as well as impac...

Jennifer Song

Morningstar | JE’s Recurring 2018 Growth in Line; Dividend Payout Ratio Drop to 60% on Recurring Profit.

Narrow-moat Jiangsu Expressway’s, or JE’s, strong 22% net profit growth was largely boosted by noncash asset revaluation gains, while its recurring earnings of CNY 3.9 billion was in line with our expectations, representing 8% year-over-year growth. The result, however, points to a weak fourth quarter, with recurring profit falling 4% from a year ago, compared with 14% growth in the third quarter. This is in line with our expectation and reflects a slowing economy in China, as well as impact from the U.S.-China trade impasse. We maintain our key assumptions but tweak our earnings forecasts to ...

Jennifer Song

Morningstar | JE’s Recurring 2018 Growth in Line; Dividend Payout Ratio Drop to 60% on Recurring Profit. See Updated Analyst Note from 27 Mar 2019

Narrow-moat Jiangsu Expressway’s, or JE’s, strong 22% net profit growth was largely boosted by noncash asset revaluation gains, while its recurring earnings of CNY 3.9 billion was in line with our expectations, representing 8% year-over-year growth. The result, however, points to a weak fourth quarter, with recurring profit falling 4% from a year ago, compared with 14% growth in the third quarter. This is in line with our expectation and reflects a slowing economy in China, as well as impact from the U.S.-China trade impasse. We maintain our key assumptions but tweak our earnings forecasts to ...

Jennifer Song

Morningstar | JE’s 1Q in Line; Shares Fairly Valued.

We maintain our fair value estimate of HKD 11.20 per share for narrow-moat Jiangsu Expressway, or JE, following the company’s in line first-quarter results. With little property income booked in first-quarter 2019, JE’s revenue dropped 16% year over year, while net profit rose 2% to CNY 1 billion. This was helped by a decent toll segment performance, which was largely driven by a low base a year ago due to the extreme cold weather conditions. We think a slowing economy in China, as well as impact from the U.S.-China trade impasse, will continue to weaken China’s industrial activity and weigh o...

Jennifer Song

JE’s 1Q in Line; Shares Fairly Valued.

We maintain our fair value estimate of HKD 11.20 per share for narrow-moat Jiangsu Expressway, or JE, following the company’s in line first-quarter results. With little property income booked in first-quarter 2019, JE’s revenue dropped 16% year over year, while net profit rose 2% to CNY 1 billion. This was helped by a decent toll segment performance, which was largely driven by a low base a year ago due to the extreme cold weather conditions. We think a slowing economy in China, as well as impac...

Jennifer Song

Morningstar | JE’s Recurring 2018 Growth in Line; Dividend Payout Ratio Drop to 60% on Recurring Profit.

Narrow-moat Jiangsu Expressway’s, or JE’s, strong 22% net profit growth was largely boosted by noncash asset revaluation gains, while its recurring earnings of CNY 3.9 billion was in line with our expectations, representing 8% year-over-year growth. The result, however, points to a weak fourth quarter, with recurring profit falling 4% from a year ago, compared with 14% growth in the third quarter. This is in line with our expectation and reflects a slowing economy in China, as well as impact from the U.S.-China trade impasse. We maintain our key assumptions but tweak our earnings forecasts to ...

Jennifer Song

Morningstar | JE’s Recurring 2018 Growth in Line; Dividend Payout Ratio Drop to 60% on Recurring Profit. See Updated Analyst Note from 27 Mar 2019

Narrow-moat Jiangsu Expressway’s, or JE’s, strong 22% net profit growth was largely boosted by noncash asset revaluation gains, while its recurring earnings of CNY 3.9 billion was in line with our expectations, representing 8% year-over-year growth. The result, however, points to a weak fourth quarter, with recurring profit falling 4% from a year ago, compared with 14% growth in the third quarter. This is in line with our expectation and reflects a slowing economy in China, as well as impact from the U.S.-China trade impasse. We maintain our key assumptions but tweak our earnings forecasts to ...

Jennifer Song

JE’s Recurring 2018 Growth in Line; Dividend Payout Ratio Drop to 60% on Recurring Profit.

Narrow-moat Jiangsu Expressway’s, or JE’s, strong 22% net profit growth was largely boosted by noncash asset revaluation gains, while its recurring earnings of CNY 3.9 billion was in line with our expectations, representing 8% year-over-year growth. The result, however, points to a weak fourth quarter, with recurring profit falling 4% from a year ago, compared with 14% growth in the third quarter. This is in line with our expectation and reflects a slowing economy in China, as well as impact fro...

JIANGSU EXPWY.CO.LTD. sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of JIANGSU EXPWY.CO.LTD. (CN), a company active in the Transportation Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date September 20, 2019, the closing price was CNY 10.46 and its potential was estimated at CNY 11.02.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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