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SICHUAN EXPRESSWAY H YC 1 (China Boom mitnehmen)

Infos, Bells toll for Sichuan road giant amid rebound Monday, May 09, 2011 Last week's US dollar rebound sparked an exodus out of commodities, gold, silver, stocks and high- yielding currencies. But that sort of adjustment is to be expected after the recent string of sharp rallies. So if you have such investments, keep them. If you have plenty of cash, buy on any dip in coming weeks. The State Council last week approved the Sichuan-Chongqing economic zone regional plan, which aims to make the two provinces a major economic center in western China by 2015. The core business of Sichuan Expressway (107) is operating four toll expressways that together stretch 467 kilometres in its home province: Chengyu, Chengya, Chengle and Chengbei Exit expressways. It also operates a toll bridge ADVERTISEMENT Traffic flow and toll income has steadily increased with growing affluence and demand for cars. Competition from Leshan-Yibin Expressway and a possible toll cut, however [mehr]

Sichuan Expressway rated 'outperform'

Sichuan Expressway rated 'outperform', Macquarie Research Equities reinitiated its coverage on Sichuan Expressway Co Ltd with an ""outperform"" rating and a target price of 4.30 hkd, citing revaluation of the stock after the toll road operator agreed to buy assets from its parent. Sichuan Expressway said yesterday it has agreed to acquire Sichuan Chengle Expressway from its parent for 1.09 bln yuan. The investment bank said the acquisition would add 0.36 hkd to its valuation of the firm, which is based in southwestern China's Sichuan province. Macquarie also believes that Sichuan Expressway has a 50 pct chance of buying Chengnan Expressway, another expressway located in the province, from its parent. ""We estimate the acquisition of Chengnan Expressway could be more significant and add 1.30 hkd to our valuation"" added Macquarie. Macquarie also sees the company's likely issue of A-shares to fund acquisitions as a further price catalyst. It also cited the incremental [mehr]