In a Friday report, Phillip analyst Chen Guangzhi says he remains positive on China Everbright for its improved operations and synergy as evident over FY17 – which saw projects under Dongda seeing their receivables collection rate exceed 100% during the period under the review. This implies the group has managed to collect its old receivables in arrears.
SINGAPORE (Mar 2): Phillip Capital is maintaining “buy” on China Everbright Water after the group’s FY17 revenue exceeded its forecasts by 12%, while PATMI came in line with estimates.
