Price have been dropping since I picked up 50% at 91 cents. Currently at 84.5 cents on low volume.
The yield now have dropped from my last batch of purchase (almost 9 lots average at 89 cents for a 6.2% yield)
Current yield is 6.5%.
A sign of China Economic weakness or a buy opportunity?
The largest expressway that constitute revenue and profit is the Yongtaiwen Expressway and the smallest is Beilun Expressway. Both of them are linked to Ningbo a busy sea port.
While we can’t be sure the traffic revenue we may be able to have a glimpse of it from taking a look at Zhejiang Expressway (listed in HK) traffic results published monthly.
Except for April where there are free public holidays it looks good.
But note the economic activity may differ between Hangzhou and Wenzhou.
We should start getting CMHP to publish monthly traffic results. I feel its not that hard to do!
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