China Merchants Holdings Pacific

[Nick]

CMPac $0.935 - How To Grow A Dragon

CMPac is a China SOE backed cash generative defensive infrastructure business with exposure in China's toll roads. It is a Singapore incorporated company with no finanical engineering (non business trust) and boast of sustainable 7 cents dividends payable twice a year. At 93.5 cents and dividend yield of 7.5%, CMPac is rare Garang Guni Gem riding on the back of parent China Merchant Group's sharpened focus to drive growth in a unit that boast of a 10 year track record in China toll road industry. Concerns over its pure China based business have been overplayed given its strong cashflows and management track record in enhancing shareholders' wealth through consistently growing dividend stream.

Where's the article from? Just wondering.

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