Dirt cheap

“Sinotrans has unlocked some value over the past few years, but significant assets are still stated at historical cost on the balance sheet. We estimate disposal of 10% of its land could generate cash inflow of Rmb1bn [$140.2m] and an Rmb0.5bn disposal gain. The newly established overseas subsidiary could help Sinotrans integrate its overseas resources and provide long-term growth potential, particularly in ‘One Belt One Road’ countries, by utilising CML’s [China Merchants Logistics] business network.” – UBS, 18 October 2019. 

Sinotrans ...

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