China Everbright Water (1857)

[winston]

not vested

CEB WATER(1857)

Analysis：

China Everbright Water (1857) is the largest Central State-Owned Enterprise operating in the wastewater treatment industry in the PRC, providing a comprehensive range of environmental water services.

Its business spans wastewater treatment, water environment treatment, integrated utilization of water resources and water ecological protection.

As of December 31, 2018, it had 85 projects in operation.

The Group generally achieves its growth through three major ways:-
(i) obtaining new projects from local governments;
(ii) project upgrade and expansion and
(iii) acquisitions.

Currently , its share price is still about 30% below the listing price of HK$2.99. (I do not hold the above stock)

Strategy：
Buy-in Price: $2.10, Target Price: $2.40, Cut Loss Price: $1.95

Source: Phillips