China Everbright International 257

Re: China Everbright International 257

Postby winston » Sun Jul 05, 2015 5:45 pm

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Daiwa Downgrades CHINA EB INT'L(00257.HK) to Hold with Target Lifted to $14.8

Daiwa stated that CHINA EB INT'L(00257.HK) -0.480 (-3.380%) Short selling $45.85M; Ratio 41.068% has strong biomass pipeline, having secured 15 such projects starting from last year which enlarges its portfolio by 7-fold.

However, after a site visit, the research house concerned about the near-term earnings prospects of these biomass projects and the quality for some of its recently secured WTE projects is degrading.

The rating was downgraded from Outperform to Hold. FY15 EPS forecast was revised down by 4.8%, while that of next year was raised by 9%.

The target price was rose from $12.2 to $14.8.


Source: AAStocks Financial News
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Re: China Everbright International 257

Postby winston » Tue Jul 28, 2015 7:52 am

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Last year's net profit jumped 28.57 percent to HK$1.7 billion from 2013.

Turnover rose 19.46 percent to HK$6.36 billion.

Credit Suisse lifted the target price to HK$16, expecting core earnings to gain 50 percent every year between 2014 and 2017.

Source: Dr Check, The Standard
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Re: China Everbright International 257

Postby winston » Tue Apr 26, 2016 6:50 am

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It always makes sense to accumulate certain quality shares when markets dip, like environmental company China Everbright International (0257).

Last year, its net profit rose 22.41 percent to US$2.085 billion (HK$16.26 billion), while revenue jumped 34.29 percent to US$8.535 billion.

It plans to expand its wastewater handling capacity to 10 million tonnes in three to five years.

It aimed to raise capacity to one million tonnes last year, but surpassed this target as it achieved 1.3 million tonnes.

As of end-2015, it had US$6.673 billion cash at hand, a record. Its gearing ratio stood at 52 percent, up nine percentage points from end-2014.

China Everbright International, with a target price of HK$9.80, is among Hong Kong stocks in DBS Bank's Top 10 Buy list.

Source: Dr Check, The Standard
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Re: China Everbright International 257

Postby winston » Fri Sep 01, 2017 8:23 am

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China EB Int'l (00257) interim recurring earnings rose 49 percent yearly, better than the 40 percent profit alert earlier.

The chief executive of the company said the group is securing more projects, and the project reserve available is at an all-time high.

You can consider this at below HK$10.

Source: Dr Check, The Standard
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Re: China Everbright International 257

Postby winston » Fri Sep 01, 2017 8:23 am

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China EB Int'l (00257) interim recurring earnings rose 49 percent yearly, better than the 40 percent profit alert earlier.

The chief executive of the company said the group is securing more projects, and the project reserve available is at an all-time high.

You can consider this at below HK$10.

Source: Dr Check, The Standard
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China Everbright Limited 0165

Postby winston » Wed Mar 07, 2018 12:03 pm

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Expect record high order backlog to underpin rising capex in FY18

Gaining market share with climbing project wins

Targets to become a global player in the long run

Maintain BUY with TP of HK$13.50

Valuation:
We have fine-tuned our earnings estimates and our TP is raised from HK$13.00 to HK$13.50 which is based on the target valuation of China Everbright Water (CEWL SP, S$0.65 TP), 23x
and 18x 12-month rolling adjusted PE for waste-to-energy and greentech operations respectively, with earnings from construction revenue excluded.


Source: DBS

https://researchwise.dbsvresearch.com/R ... VyaWRAQA==
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Re: China Everbright International 257

Postby winston » Tue Mar 13, 2018 9:10 am

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Takeaways from non-deal roadshow in Singapore

CEI’s management expects this year’s new waste-to-energy (WTE) project wins to exceed last year’s as a number of mega projects will be launched for bidding.

With stringent emission requirements and uptrend in investment and operating costs,
management thinks the electricity tariff subsidy for WTE will not be cut.

CEI aims to pay for its capex by its cash on hand and bank facilities available.

CEI aims to raise overseas investments from the current 2% to 10% in the long run.

We reiterate our Add call with a DCF-based target price of HK$14.00 (WACC 8.6%).

Source: CIMB

https://brokingrfs.cimb.com/qIqvVR9mvdb ... jFX9A2.pdf
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Re: China Everbright International 257

Postby winston » Wed Mar 14, 2018 10:01 am

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CHINA EB INT`L(257)

Analysis:

EI published 2017 results. The company reported revenue of RMB20bn, a surge of 43% YoY growth.

Profit attributable to shareholders recorded RMB 3.51bn up by 26%.

The company paid final dividend 12 cents per share, rising by 17% YoY.

The company generated 60% revenue (RMB4.19bn) from Environmental Energy segment; Environmental Water segment reported revenue of RMB1.187bn while Greentech contributed RMB1.543bn to topline.

As at end 2017, the company had secured 268 environmental protection projects, including 171 projects that completed construction, 40 projects under construction, and 57 projects in preparatory stage.

The projects are located in over 120 locations across 18 provinces and municipalities in China, as well as overseas markets including Germany, Poland and Vietnam.

Strategy:
Buy-in Price: $12.26, Target Price: $14.50, Cut Loss Price: $11.00

Source: Phillips
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