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02-01-2013, 12:09 PM
Thanks for the report GG. CM Pacific has risen to 77.0 cents with relatively decent volume today resulting in further yield compression to 7.15%. At this rate, the convertible bond owners may very well end up converting the shares prior 2015 reducing CM Pacific leverage thereby enabling it to acquire more toll roads in the future.
An announcement from China International Holdings - http://info.sgx.com/webcorannc.nsf/Annou...endocument - regarding the cessation of toll collection at Zuowei Yanghe Bridge is a timely warning on the possibility of unilateral regulatory actions from the government which may curb revenue growth in the future.
(Vested)
An announcement from China International Holdings - http://info.sgx.com/webcorannc.nsf/Annou...endocument - regarding the cessation of toll collection at Zuowei Yanghe Bridge is a timely warning on the possibility of unilateral regulatory actions from the government which may curb revenue growth in the future.
(Vested)
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