China Water Affairs 855

China Water Affairs 855

Postby winston » Tue Jul 29, 2008 3:45 pm

Not vested.

STOCK ALERT - HK-listed China Water Affairs up over 11 pct on FY earnings surge


HONG KONG (XFN-ASIA) - China Water Affairs Group Ltd surged over 11 pct after reporting 574 pct rise in net profit for the year ended March.

At 3:06 am, the stock was up 0.21 hkd or 11.05 pct at 2.11, while the Hang Seng index was down 510.59 points or 2.25 pct at 22,173.29.

The mainland-based water processor and supplier said its net profit for the year to March surged to 427.24 mln hkd from 63.38 mln in the previous fiscal year, helped by business growth and acquisitions.
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Re: China Water Affairs 855

Postby winston » Fri Oct 17, 2008 10:53 pm

Not vested. On my watchlist for some time already..

Profit warning

China Water Affairs Group (0855) issued a profit warning today saying it is expected to record a significant drop for the six months ended September, mainly due to the unrealised loss on the fair value changes of its financial assets as result of the recent financial crisis.

The company reported a net profit of HK$211.7 million for the first half in 2007.
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Re: China Water Affairs 855

Postby winston » Wed Dec 31, 2008 7:24 am

China Water gets caught in the current of financial downturn
Mandy Lo

China Water Affairs Group (0855) yesterday reported a net loss of HK$186 million for its first half to September 30, plunging from a restated net profit of HK$212 million the previous year.

Revenues in the period rose 6 percent to HK$386 million, with the reversal blamed mainly on the fair-value loss on financial assets and derivative investments of HK$175 million and HK$41 million respectively.

Loss per share was 15.14 HK cents compared to earnings of 17.36 HK cents per share a year ago. No interim dividend was declared by the company, which supplies water and provides sewage treatment services to Hong Kong and the mainland.

Gross profit margin fell to 35 percent from 39 percent in the first six months. That was due to the higher cost of raw materials and a stake acquisition in Huizhou Daya Bay water plant, chairman Duan Chuanliang said.

"We have raised integrated water tariff by 8.3 percent in the first half compared to a year earlier and are negotiating with provincial governments to further revise up the price," he said.

China Water shares closed yesterday at 92 HK cents, slipping 1.1 percent.
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Re: China Water Affairs 855

Postby winston » Tue Mar 16, 2010 8:08 am

Not vested. From Dr. Check, The Standard HK :-

Keep an eye out for China Water (0855), which fell 2.7 percent yesterday to HK$3.19.

In the past year, its price soared from HK$1 to a high of HK$3.58 in January.

It is principally engaged in water supply and sewage treatment. Beijing's policy of integrating urban and rural water supply is seen as a plus.

Revenue jumped 74 percent to HK$670 million for the six months ended September. Profit was HK$271 million, or 16.82 HK cents per share.

Nomura gives it a target price of HK$4.25.

Source: The Standard HK
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Re: China Water Affairs 855

Postby winston » Thu Jun 10, 2010 2:35 pm

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DJ MARKET TALK: Nomura Keeps China Water Affairs At Buy

1156 [Dow Jones] STOCK CALL: Nomura keeps China Water Affairs (0855.HK) at Buy with HK$4.25 target; says growth to be driven by increased tariff hikes, water usage, acquisitions.

Given strong support from central government to lift water tariffs as a means to conserve water resources, tariffs will likely be adjusted every 2-3 years as each review could take one year to complete.

Management thinks usage of water will increase by 10% per year at its existing projects. "Acquisitions are targeted in developing cities in eastern and southern China.

Sufficient funding is in place with recent issuance of convertible bonds; there are no plans for equity financing." Adds, management maintains plans to dispose land assets to China Water Property Group. Stock +0.8% at HK$2.44.


Source: Dow Jones Newswire
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Re: China Water Affairs 855

Postby winston » Wed Jul 28, 2010 5:34 am

Profit flows in for China Water Affairs
Wednesday, July 28, 2010

Net profit at China Water Affairs (0855) jumped 162 percent from a year ago to HK$301.57 million for the year ended March 31.

The stellar showing from the mainland water services operator came on the back of rising consumption and higher prices.

A final dividend of 3 HK cents per share was recommended. The firm's core business- urban water supply - saw revenue increase 38 percent during the year to HK$908 million, about 65 percent of the total.

"We've raised water prices in five cities during the last [financial] year and hiked the price in three others since April," chairman Duan Chuanliang said. "Rising water price in mainland cities will improve our gross margin this year."

Duan said the company's current water handling capacity is four million tonnes per day. Its target is to expand daily capacity by 300,000 tonnes within this financial year. The firm is in talks with more than 10 urban water suppliers about possible acquisitions. It plans to use internal resources to support the acquisition, Duan said. China Water Affairs had HK$523 million cash in hand at the end of March this year.

The firm is also converting old water plants into real estate in up to six cities, with some developed projects already sold, Duan said.

The company expects to see more revenue generated by the real estate business in the long term.

Revenue from property development and investment was HK$50 million during the year, accounting for 3 percent of the total.

SOPHIE HE

http://www.thestandard.com.hk/news_deta ... 00728&fc=4
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Re: China Water Affairs 855

Postby winston » Tue Nov 09, 2010 9:27 am

Not vested. From Dr. Check, The Standard HK:-

I like China Water Group (0855), which deals with water supply and sewage treatment. It provides water to various provinces and municipalities across the mainland, including Guangdong and Chongqing.

Its sewage treatment projects are mainly in Hubei and Jiangxi provinces.

Beijing 's policy of integrating urban and rural water supply is seen as a plus in a country where water bills are getting bigger.

China Water's shares formed a "double top" in January and April, touching HK$3.60. In June and July they fell to around HK$2.40. The stock has recovered since, closing at HK$3.12 yesterday.

Both Nomura and Standard Chartered target China Water at HK$3.80. So the stock may have an upside of more than 20 percent.
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Re: China Water Affairs 855

Postby winston » Thu Feb 10, 2011 8:03 am

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Go with the flow to tap potential profits
Thursday, February 10, 2011

Stocks related to China's 12th Five-Year Plan are worth considering when their prices drop.
In this respect, the water sector is interesting.

In the next five years, Beijing plans to invest 2 trillion yuan (HK$2.36 trillion) on conserving water. It also aims to provide safe drinking water to 77 percent of rural areas.

One listed firm, China Water (0855), supplies many mainland cities.

It is also involved in sewage treatment in Hubei and Jiangxi provinces.

From 2006 to 2009, sales surged from HK$140 million to HK$1.39 billion. Net profit soared from HK$63 million to HK$301 million.

Many institutional investors like the stock. JPMorgan has a 10.1 percent stake; Atlantis, 12.29 percent; Norges Bank, 9.13 percent and Deutsche Bank, 5.08 percent.

China Water closed at HK$3.10 yesterday. Around HK$2.95 it looks like a bargain.


http://thestandard.com.hk/news_detail.a ... 10210&fc=7
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Re: China Water Affairs 855

Postby winston » Tue Jun 30, 2015 3:56 am

Water firms looks to strong growth

China Water Affairs Group (0855) expects double-digit growth in earnings this year, benefiting from the core water business and government policy.

The net profit of the waterworks investment company rose 31.9 percent to HK$370.9 million in the year ended March 31, while its revenue grew 4.08 percent to HK$2.86 billion. Earnings per share jumped 32.4 percent to HK$0.26.

Executive director Liu Yu-jie said that in supporting the double- digit growth, there will be 10 percent organic growth and at least 10 percent growth from mergers and acquisitions. The firm proposed a final dividend of 4 HK cents.

Liu said growth of sewage treatment business is significant, with revenue rising 106.2 percent to HK$169.9 million. She said the acquisition of Goldtrust Water Holdings in April further raised the sewage handling capacity from 300,000 tonnes to 700,000 tonnes, and she expects the proportion of this business to income will rise from 6 percent in 2014 to 7 to 8 percent this year.

She expects a 4 to 5 percent increase in the company's water price, and income from the water supply business grew 17.2 percent this year ended March 31.

But revenue from the property business dropped 70.4 percent, and 14.5 percent from the concrete segment.

Asked whether there will be a share placement for fund raising, Liu said the company has enough capital for future acquisition, as it has HK$1.8 billion cash and the loan interest rate is low. China Water shares fell 0.96 percent to HK$4.14 yesterday.

Source: The Standard HK
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Re: China Water Affairs 855

Postby winston » Tue Jun 28, 2016 6:31 am

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Water-sewage firm net profit rises 49pc

by Gloria Song

China Water Affairs Group (0855) posted net profit of HK$552 million for the year ended March 31, up 49 percent from a year ago, due to higher revenues from sewage treatment and drainage operations.

Profit from sewage treatment and drainage hit HK$184.1 million, soaring 231 percent from a year back. Revenues jumped 41.1 percent to HK$4.03 billion.

Water segment, including water supply, sewage treatment and drainage operations, contributed 90 percent of total revenues, a 53.4 percent rise.

The hike was due to more construction and installation projects, along with rising charges on water supply and sewage treatment.

Chairman Duan Chuanliang said the firm will speed up disposal of non-core businesses, including properties, ports, and tourism, in three to five years to enhance cash flow and lower operating costs.

It is also actively seeking mergers and acquisitions. It won approval last year to spin off its concrete business.

Source: The Standard
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