This morning I added some more share in Jiangsu Expressway (HK:177) to the portfolio. With a trailing PE of around 9.2x and a yield of more than 7.5% the company offers sound value. While the toll road sector has been something of a victim of the PRC government's anti-inflation measures (i.e. reduced tolls), the net profit attributable to shareholders still rose slightly in the last interim reporting period. Gearing is moderate.
I paid HK$5.52 per share.