On 17th and 20th this September, Institutional Investors(Daiwa Capital, KGI Securities, GuoTaiJunAn Securities etc.) and financial medias from mainland and Hong Kong were respectively invited for an on-site visit to projects included GNSR Expressway, GWSR Expressway and Northern Ring Road. They also had conversations with Mr Pan Yongqiang, deputy general manager of GZI Transport, and management teams GNSR and GWSR.
During the conversations, Mr Pan has briefly introduced the background and recent changes of the company, as well as the current and interim operating results, as well as future development strategies. Management teams from GNSR and GWSR mainly introduce road networks surrounding GNSR and GWSR Expressways, as well as the daily operation and supervision of the two projects. The guests also concerned about the process of acquisitions of new assets, and the impacts of Asian Games, which Mr Pan and other management have answered in detail.
After the visits, Daiwa Capital market has published the initial coverage report of GZI Transport where it suggests a ‘buying’ rate with a target price of HKD 5.7 per share. Financial Medias also have reported our company in published newspaper. The visits have proved to be positive for our company.