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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  China State Construction Engineering Corporation Limited    601668   CNE100000F46

CHINA STATE CONSTRUCTION ENGINEERING COR

(601668)
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China State Construction Engineering : 96 per cent work of Sukkur-Multan Motorway completed so far

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07/23/2019 | 06:58am EDT

About 96 per cent construction work of 392-kilometer Sukkur-Multan Motorway has been accomplished so far and it is expected that the mega project would be completed on schedule by September this year.

An official of National Highway Authority (NHA) told reporter on Monday that work on the project had started in September 2016 it would cost Rs 294,352 million.

The motorway is a major component of the China Pakistan Economic

Corridor with the bulk of financing to from various Chinese state-owned banks, he said adding that in January 2016 awarded the contact to build this section to China State Construction Engineering.

The purpose of the motorway is to provide a high-speed, six-lane toll road facility for efficient and safe transportation of passengers and goods to and from industrial and

economic hubs of the country. The road is being built after a framework agreement between the governments of Pakistan and China, he said.

Starting from Multan the six-lane motorway would pass through Jalalpur Peerwala, Ahmed Pur East, Rahimyar Khan, Sadiqabad,Ubaro,Pano Aqil and end at Sukkur. The project would consist of 54 bridges including one major bridge on River Sutlej. The motorway will have 12 service areas, 10 rest areas, 11 interchanges, 10 flyovers, and 426 underpasses. The interchanges of the proejct are located at Multan, Shujaabad, Jalalpur Pirwala,Uch Sharif, Taranda, Zahir Peer,Bahadarpur,Guddu, Ghotki,Pano Aqil,Sukkur,Bahawalpur Road,Lodhran Road, Alipur Road, Chachran Sharif Road,Kaman Bhutta - Sadiqabad Road,and Sadiqabad Kashmore Road,JDW Unit 3Sugar Mill Road and Grand Trunk Road.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2020 1 596 B 228 B 228 B
Net income 2020 46 150 M 6 595 M 6 595 M
Net Debt 2020 172 B 24 602 M 24 602 M
P/E ratio 2020 4,97x
Yield 2020 4,01%
Capitalization 224 B 32 030 M 32 025 M
EV / Sales 2019
EV / Sales 2020 0,25x
Nbr of Employees 335 038
Free-Float 34,2%
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Number of Analysts 13
Average target price 7,63 CNY
Last Close Price 5,34 CNY
Spread / Highest target 83,5%
Spread / Average Target 42,9%
Spread / Lowest Target 10,5%
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Xue Xuan Zheng President
Qing Guan Chairman & Deputy General Manager
Lie Yang Gao Chairman-Supervisory Board
Yun Lin Wang Chief Financial Officer & Vice President
Jian Bo Li Member-Supervisory Board
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