Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  Kathmandu Holdings Limited    KMD   NZKMDE0001S3


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

China planning building spree in Tibet as India tensions rise, sources say

09/04/2020 | 07:11am EST
The Chinese national flag is raised at Potala Palace in Lhasa

China is planning a more than 1 trillion yuan ($146 billion) push to accelerate infrastructure investment in Tibet, including new and previously announced projects, three sources familiar with the matter told Reuters.

The renewed push to step-up development of the remote and impoverished southwestern region signals Beijing's intent to bolster frontier security amid heightened border tensions with India in recent months, two of the sources said.

Last week, during a senior Communist Party meeting on Tibet's future governance, President Xi Jinping lauded achievements and praised frontline officials but said more efforts were needed to enrich, rejuvenate and strengthen unity in the region.

He said a number of major infrastructure projects and public facilities would be completed, including the Sichuan-Tibet Railway, according to remarks published by the official Xinhua news agency.

The construction plans include completion of the challenging middle section of a high-elevation Sichuan-Tibet railway link, a railway line between Nepal and Tibet that has remained in the planning stages, and a newly planned dry port in the Tibet Autonomous Region, the sources said.

The sources declined to be identified because they were not authorised to speak with media.

It was not immediately clear how much of the targeted spending is new, or over how many years it would be invested.

China's State Council Information Office and the Tibet regional government did not immediately respond to requests for comment.

Construction on the most difficult section of the Sichuan-Tibet railway - linking Chengdu with Lhasa - will begin in coming weeks, said two of the sources.

The 270 billion yuan section of the railway has been known for construction challenges posed by rough terrain and complex geology, notably the segment linking Sichuan's Ya'an city with Nyingchi in southeastern Tibet near the border with India.

Beijing also wants to push ahead with the Tibet-Nepal Railway linking Kathmandu with Shigatse, the second-largest city in Tibet, which was among a number of bilateral deals signed in 2018 between Nepal and China, but has yet to gain much traction.

Nepal is a buffer between China and India and is considered by New Delhi as its natural ally, but China has made inroads by pouring aid and infrastructure investment into what is one of the world's poorest countries.

A June clash in the western part of the China-India border was the worst violence between the Asian giants in decades, and there is little sign of easing tension, with more military action in the past week.


Beijing has long aimed to build a high-speed rail network to make Tibet more accessible from China's inland provinces, and it plans to improve or extend railways being planned or constructed that connect it with other parts of China, two of the sources said.

Last month, China announced plans to expand the country's railway network by one-third over the next 15 years.

Within Tibet, the planned spending covers the revamp and expansion of highways, roads and scenic spots, two of the sources said.

Beijing sent troops into Tibet in 1950 in what it officially terms a peaceful liberation and maintains a heavy security presence in the region, which has been prone to unrest.

China rejects criticism from rights groups and Tibetan exiles of its rule there, saying it has brought much-needed development to a remote region and that it respects Tibet's culture and religion.

China's policies towards Tibet have come under the spotlight again this year amid worsening ties with the United States.

    In July, U.S. Secretary of State Mike Pompeo said the United States would restrict visas for some Chinese officials involved in blocking diplomatic access to Tibet and engaging in "human rights abuses".

(Reporting by Beijing Newsroom; Editing by Kim Coghill)

© Reuters 2020
01/21India's vaccine diplomacy in south Asia pushes back against China
01/20Nepal to turn Everest trash into art to highlight mountain?s garbage blight
2020Australia shares edge lower as virus cases resurge in Sydney
2020Kathmandu Holdings Group CEO Steps Down; Shares Down 4%
2020Australian shares resume trade without incident, gain on vaccine hopes; NZ up
2020China, Nepal deny Nepali opposition's landgrab accusations
2020Australia shares post biggest weekly drop in 6 months on mixed cues
2020China planning building spree in Tibet as India tensions rise, sources say
2020Australia, NZ shares fall as virus fears deepen
2020Australia shares rise on stimulus, vaccine hopes
More news
Sales 2021 955 M 688 M 688 M
Net income 2021 56,5 M 40,7 M 40,7 M
Net Debt 2021 350 M 252 M 252 M
P/E ratio 2021 17,1x
Yield 2021 3,68%
Capitalization 950 M 681 M 684 M
EV / Sales 2021 1,36x
EV / Sales 2022 1,22x
Nbr of Employees 1 144
Free-Float 90,4%
Duration : Period :
Kathmandu Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KATHMANDU HOLDINGS LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 2
Average target price 1,68 NZD
Last Close Price 1,34 NZD
Spread / Highest target 26,9%
Spread / Average Target 25,0%
Spread / Lowest Target 23,1%
EPS Revisions
Managers and Directors
Xavier Simonet Group Chief Executive Officer & Executive Director
David Edward Kirk Chairman
Reuben James Casey Chief Operating Officer
Chris Kinraid Group Chief Financial Officer & Secretary
Jolann van Dyk Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CHEWY, INC.16.90%43 361
ULTA BEAUTY4.44%16 897
NEXT PLC11.69%13 789
GRANDVISION N.V.-0.39%7 846