In a Tuesday report, analyst Juliana Cai recalls that the strong revenue growth over the quarter was largely due to increased construction activities related to China’s sponge city project – the concept of designing cities to absorb and reuse excess rainwater – as well as the river basin ecological restoration project.
SINGAPORE (Aug 8): RHB Research is maintaining its “buy” call on China Everbright Water with a price target estimate of 54 cents, after the environmental protection company yesterday posted a set of 2Q17 results which came in slightly ahead of the research house’s expectations.
