According to the news from the Wisdom Financial app, Shenzhen International (00152) rose more than 3% in the afternoon and as of press time, it has risen 3.36%, to HKD 6.77, with a turnover of 98.305 million HKD.

On the news front, Shenzhen International announced a related transaction, where its subsidiary, the Bay Area Investment, and non-wholly-owned subsidiary, Pingshen International, signed a debt-for-equity swaps agreement involving a total principal amount of RMB 300 million. After completion, Bay Area Investment's holding in Pingshen International will increase from 70% to 80.92%, which holds the ongoing project of the Shenzhen Pingshan Smart Logistics port.

Guotai Junan recently pointed out that its four-wheel drive industrial ecology is in a positive cycle; the Qianhai Residence project will be completed and delivered by the end of 2023, which will boost its performance in 2023; the income from the South China Logistics Park will be released year by year, and it is expected to drive performance beyond expectations. The company's high dividend policy is sustained, and future high performance growth will enhance its dividend attraction. Assuming a future dividend rate of 50%, the estimated dividend yield for 2024 will reach 9.5%, which is attractive.