Guotai Junan: High-quality highway companies with excellent reinvestment management are still the preferred choice for dividends

36Kr learned that Guotai Junan stated that highway companies generally maintain a long-term dividend policy, and the high dividend commitments over the past few years have ensured the stability of the dividend policy. Considering the market value management requirements of central state-owned enterprises, it is expected that the high dividend policy will continue in the future. We recommend selecting highway targets with excellent locations and outstanding reinvestment management, which will continue to benefit from market preferences. Outstanding reinvestment management: nationwide selection of high-quality road assets to ensure stable long-term investment returns and performance growth that consistently outperforms the industry