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China Everbright Water awaits brighter days following construction slump in 1H20: DBS

Jovi Ho
Jovi Ho8/13/2020 09:48 PM GMT+08  • 3 min read
China Everbright Water awaits brighter days following construction slump in 1H20: DBS
Environment services group China Everbright Water will “play catch-up in 2H2020”, says DBS Group Research analyst Patricia Yeung, following a dip in earnings of close to 4% y-o-y and a 15% y-o-y decline in revenue for 1H2020 announced on August 12.
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Environment services group China Everbright Water will “play catch-up in 2H2020”, says DBS Group Research analyst Patricia Yeung, following a dip in earnings of close to 4% y-o-y and a 15% y-o-y decline in revenue for 1H2020 announced on August 12.


See: China Everbright posts 4% dip in 1H20 earnings to $71.6 mil

Yeung is maintaining her “buy” recommendation on the company with a lowered target price of 33 cents (previously 49 cents), as the stock is trading at trough valuations with improving 2H2020 growth.

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