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Guangshen Railway Co. Ltd. Message Board

  • anchor1112 anchor1112 Feb 9, 1999 7:02 AM Flag


    guangshen railways, gsh, par value: us$6.04. Book
    value: around us$14.00. 1997 profit: us$1.15. If we use
    dow jones average pe ration to calculate gsh. Which
    is around 20 x. Gsh should be over us$20.00 or more.
    It supposed to be that way. Because market price is
    usually over book value and par value. Think about it.
    What a bargain.

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    • You should not use a PE of 20 to apply to GSH.
      Use the average PE for US railroad stocks which is
      more like 10-12. A PE multiple of 20 assumes that
      earnings per share will grow 20% a year three years out. I
      am not sure that is the case.

      Pacman, thanks
      for your e mail to me concerning your article for
      Trains. I am going back to China in April to do some
      railroad development work and would like to meet with GSH
      management. I see where you got to talk to them on your
      recent trip. e mail me with your advice on how to get in
      to see them. Will I need an interpreter or do the
      key people speek English.

    • They are just numbers. What about the chinese economy?


      Oh, take the caps off, would you?

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