- The resurgence of Covid-19 brings uncertainty to the pace of domestic travel recovery in China, and this is negative for Guangshen Railway.
- With the Beijing-Shanghai high-speed rail implementing demand-based pricing at the end of last year, there are hopes of further pricing reforms which could potentially improve Guangshen Railway's profitability.
- Guangshen Railway trades at 12.0 consensus forward FY 2022 P/E and 0.33 times trailing P/B, and it boasts a consensus forward FY 2022 dividend yield of 4.4%.
For further details see:
Guangshen Railway: Domestic Travel Recovery And Pricing Reforms Remain Key Catalysts