China Merchants Holdings Pacific

[Drizzt]

i wouldn't be so sure about that. assuming last year profit of 560 mil the eps fully diluted is 7.5 cents. very very tight.

[greengiraffe]

CMP - Creditable Merchant Pursuits

An theme appears to be emerging on CMP - leveraging on its credit-worthiness to restructure China toll roads with high financing costs.

The following will review the speed in which CMP rolled out its refinancing models on the road which they acquired and the accretive benefits that helped enhance shareholders' wealth:

19 Aug 11 - Completion of YTW

http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

22 Sept 11 - YTW Facilities

http://infopub.sgx.com/Apps?A=COW_CorpAn...eement.pdf

6 Aug 12 - Propose purchase of Beilun

http://infopub.sgx.com/Apps?A=COW_CorpAn...elease.pdf

18 Sept 2012 - Proposed issue of CB due 2017

http://infopub.sgx.com/FileOpen/Pricing_...leID=62346

14 Nov 12 - Beilun Completion

http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

6 Mar 13 - BRIDGING FACILITY - ???

http://infopub.sgx.com/FileOpen/Bridging...leID=22944

31 May 13 - Term Loan Facility - Refinancing as per 6 Mar 13

http://infopub.sgx.com/FileOpen/TermLoan...leID=25506

9 Sept 14 - Completion of Jiurui

http://infopub.sgx.com/Apps?A=COW_CorpAn...essway.pdf

19 Sept 14 - Facilities for Jiurui

http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

With Jiurui firmly under the Dragon's wings, one should not be surprised that another accretive acquisitions will be on the horizon in good time.

Vested
Core Position
GG

[Jack31]

i wouldn't be so sure about that. assuming last year profit of 560 mil the eps fully diluted is 7.5 cents. very very tight.

They might even surpass 560m (optimistic) by 3Q (although with a 66m from Nz gain).
Don't think cb will be fully converted by this year ba..

[greengiraffe]

http://www.sgx.com/wps/portal/sgxweb/hom...stockfacts

Top 5 owners by shares held Number of shares held Percent of shares held
China Merchants Group Limited 728,395,000 71.6%
Qiang, Liu 119,374,987 11.74%

Mackenzie Financial Corporation 11,500,000 1.13%
http://www.mackenzieinvestments.com/en/p..._mfc.shtml

Ecclesiastical Investment Management Limited 5,331,000 0.52%
http://www.ecclesiastical.com/foryou/inv...index.aspx

Dimensional Fund Advisors LP 2,517,000 0.25%
http://us.dimensional.com/

[D.L]

If i am not wrong. Few months ago, i done a check using S&P Capital IQ. One of the famous value investing funds, Value partners does have a stake in CMHP for it Dividends Fund.

[Drizzt]

If i am not wrong. Few months ago, i done a check using S&P Capital IQ. One of the famous value investing funds, Value partners does have a stake in CMHP for it Dividends Fund.

[Image: owNNEW3.png]

they raise their holdings but if you look at their peers some are rather questionable. last year they had first resources in there.

[greengiraffe]

If i am not wrong. Few months ago, i done a check using S&P Capital IQ. One of the famous value investing funds, Value partners does have a stake in CMHP for it Dividends Fund.

[Image: owNNEW3.png]

they raise their holdings but if you look at their peers some are rather questionable. last year they had first resources in there.

http://www.valuepartners.com.hk/en/fund-...-fund.html

CMP holdings first emerged on 31 Dec 12 - 3.664m shares
http://www.valuepartners.com.hk/assets/f...-31_en.pdf

30 June 13 - 12.148m shares
http://www.valuepartners.com.hk/assets/f...-30_en.pdf

31 Dec 13 - 17.992m shares
http://www.valuepartners.com.hk/assets/f...-31_en.pdf

30 June 14 - 21.504m shares
http://www.valuepartners.com.hk/assets/f...-30_en.pdf

[greengiraffe]

   

[Jack31]

Did a simple calculation on max capacity of the toll road. All are still far from reaching their maximum capacity.

Ytw: 60 x 30days x 3mths = 5400 (2Q: 2656)
BL: 62 x 30 x 3 = 5580 (2Q: 2553)
JR: ( far far from max capacity)
GL: 62 x 30 x 3 = 5580 (2Q: 1396)
GH: (54 + 76) x 30 x 3 = 11700 ( 2Q: 5283)

All are actually less then Half their max capacity. Expect more growth as long as economic in the region and numbers of cars are still growing.

[investright]

Hi all, I was looking at the consolidated income statement and wanted to ask a noob question:

1. Should we look at profit attributable to Owners or Profit for financial year?
2. If we look at profit attributable to Owners, how do we adjust it for the cash flow statements?