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10-08-2013, 10:11 AM
Well i find that one problem is the difficulty in finding yield accretive toll roads. The management seem to only want to buy accretive ones (perhaps 13% IRR at least)
they took a long while to get YTW.
Jiu rui looks like an infant toll road with losses, but hindsight with the interest rate situation and china slow down, this could turn out to be safe.
they took a long while to get YTW.
Jiu rui looks like an infant toll road with losses, but hindsight with the interest rate situation and china slow down, this could turn out to be safe.
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