According to a research report published in Lyon, Yangtze River infrastructure has benefited from sufficient capital accumulated after the sale of assets, stable dividends, and smooth winds brought about by regulatory resets, and has become a relatively safe haven in the market. The bank raised the company's target price from HK$63 to HK$67, maintaining the “outperforming the market” rating. The bank said that Changjian recorded net profit of HK$21.3 billion in the first half of the year, an increase of 389% over the previous year. Even excluding one-off projects, the core net profit for the first half of the year remained stable. The interim interest rate rose 2.7% year over year to HK$0.75 per share, continuing the record of increasing dividends each year since listing in 1996. The bank raised Changjian's net profit forecast for this year by 155% to reflect the proceeds from the sale of assets in the first half of the year, but lowered its forecast for next year by 15% due to a decrease in the contribution of related assets after the sale.

Zhitongcaijing · 1d ago
According to a research report published in Lyon, Yangtze River infrastructure has benefited from sufficient capital accumulated after the sale of assets, stable dividends, and smooth winds brought about by regulatory resets, and has become a relatively safe haven in the market. The bank raised the company's target price from HK$63 to HK$67, maintaining the “outperforming the market” rating. The bank said that Changjian recorded net profit of HK$21.3 billion in the first half of the year, an increase of 389% over the previous year. Even excluding one-off projects, the core net profit for the first half of the year remained stable. The interim interest rate rose 2.7% year over year to HK$0.75 per share, continuing the record of increasing dividends each year since listing in 1996. The bank raised Changjian's net profit forecast for this year by 155% to reflect the proceeds from the sale of assets in the first half of the year, but lowered its forecast for next year by 15% due to a decrease in the contribution of related assets after the sale.