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Outlook remains bright as ever for this utilities play

Michelle Zhu
Michelle Zhu3/2/2018 04:27 PM GMT+08  • 2 min read
Outlook remains bright as ever for this utilities play
SINGAPORE (Mar 2): Phillip Capital is maintaining “buy” on China Everbright Water after the group’s FY17 revenue exceeded its forecasts by 12%, while PATMI came in line with estimates.
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SINGAPORE (Mar 2): Phillip Capital is maintaining “buy” on China Everbright Water after the group’s FY17 revenue exceeded its forecasts by 12%, while PATMI came in line with estimates.


See: China Everbright posts 47% rise in FY17 earnings to $86.5 mil on higher revenue and finance income

In a Friday report, Phillip analyst Chen Guangzhi says he remains positive on China Everbright for its improved operations and synergy as evident over FY17 – which saw projects under Dongda seeing their receivables collection rate exceed 100% during the period under the review. This implies the group has managed to collect its old receivables in arrears.

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