While this will drive out small and medium sized WWT enterprises as most fail to meet the higher capital and operational requirements, CEW will survive as it has strong funding support and integrated project managing capabilities, says Chen.
SINGAPORE (Oct 20): Phillip Capital is maintaining its “buy” call on China Everbright Water (CEW) with a lower target price of 54 cents.
In a Friday report, analyst Chen Guangzhi says that CEW is riding on the trend of integrated industrial waste water treatment (WWT) which involves whole or parts of the water supply chain.
