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Strong project pipeline to buoy China Everbright Water through FY17

Michelle Zhu
Michelle Zhu8/8/2017 10:14 AM GMT+08  • 2 min read
Strong project pipeline to buoy China Everbright Water through FY17
SINGAPORE (Aug 8): RHB Research is maintaining its “buy” call on China Everbright Water with a price target estimate of 54 cents, after the environmental protection company yesterday posted a set of 2Q17 results which came in slightly ahead of the res
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SINGAPORE (Aug 8): RHB Research is maintaining its “buy” call on China Everbright Water with a price target estimate of 54 cents, after the environmental protection company yesterday posted a set of 2Q17 results which came in slightly ahead of the research house’s expectations.


See: China Everbright Water 1H earnings rise 41% to $44.4 mil

In a Tuesday report, analyst Juliana Cai recalls that the strong revenue growth over the quarter was largely due to increased construction activities related to China’s sponge city project – the concept of designing cities to absorb and reuse excess rainwater – as well as the river basin ecological restoration project.

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