China Everbright Water - RHB Invest 2015-11-27: Secured agreement for Waste Water Treatment Project

China Everbright Water - RHB Invest 2015-11-27: Secured agreement for Waste Water Treatment Project CHINA EVERBRIGHT WATER LIMITED U9E.SI 

China Everbright Water - Secured agreement for Waste Water Treatment Project

  • China Everbright Water secures a supplementary concession agreement for the upgrading of Beijing Daxing Tiantanghe Waste Water Treatment Project Phase I and expansion of Project Phase II. 
  • The project involves the upgrading of 40,000 tonnes of existing capacity and an expansion of design capacity to 80,000 tonnes. 
  • The project is stipulated to complete by 2H16 with the water discharge standard reaching category IV surface water. 
  • This will also result in a 85.7% increase in Tiantanghe's water tariff. 
  • This new agreement is in line and confirms our earlier forecast. 
  • Maintain BUY with TP SGD0.81.

Juliana Cai RHB Research | http://www.rhbinvest.com.sg/ 2015-11-27
RHB Research SGX Stock Analyst Report BUY Maintain BUY 0.81 Same 0.81


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