HHI will announce their 1H FY14e results on 27 January 2014
1H FY6/14a toll revenues h ave come in 1% above our estimates with traffic growth beating our estimates on the G-S Superhighway, PRD Phase I and Phase II
We maintain our DCF-based TP of HKD4.1 and upgrade our rating to N from UW
HHI Will Went Their 1H FY14e Results on 27 January 2014
1H FY6/14a toll road ahead is coming in 1% above our driving with traffic growth beating our momentum on the G-S Superhighway, PRD Phase I and Phase II
We maintain our DCF-based TP of HKD4.1 and upgrade our rating to N from UW