Nanjing-Shanghai High Speed 1% big blessing proposal while low absorption

The earlier announcement to raise the rate of positive tolls on the higher-than-Shanghai high-speed, H shares this morning with the city, shares are now up 1.02% to HK $5.95, Deal 522,000 shares.　　The new report said that the proposal was to absorb the unit at a low target price of HK $6.1, the equivalent of 16 times times the 09 Price-to-earnings ratio and the expected dividend yield of 5%, a premium of 2.5% per cent. Big blessing, benefiting from its core assets of the traffic flow resumed growth, the Nanjing-Shanghai high-speed profit this year will rebound 6% to 1.69 billion yuan, earnings per share of 0.34 yuan. Although the economic slowdown has reduced its train traffic and dragged down the recovery, it has helped to offset the increased maintenance costs arising from the use of highways by heavily loaded goods vehicles after being allowed to increase the heavy tariff rates.