China Everbright Water (CEW)

China Everbright Water secures $13.4 mil waste water treatment project expansion in Shandong

SINGAPORE (Sept 10): China Everbright Water, the environmental protection company that focuses on water environment management, announced that it has secured the Binzhou Development Zone Waste Water Treatment Project Expansion, which commands an investmen

Results

China Everbright posts 37% increase in 2Q earnings to $33.5 million on higher revenue

SINGAPORE (Aug 8): China Everbright Water posted 2Q18 earnings of HK$192.6 million ($33.5 million), 37% higher than HK$140.6 million in 2Q17.

M&A

China Everbright Water acquires Jiangsu environmental institute for $17 mil

SINGAPORE (June 13): China Everbright Water has acquired a 100% stake in Xuzhou Municipal Design Institute for RMB82 million ($17.1 million) in cash.

China Everbright Water signs agreement for two projects totalling $33 mil

SINGAPORE (May 28): China Everbright Water has signed agreements to implement Dezhou Nanyunhe water treatment project phase II and secure Nanyunhe wastewater treatment plant effluent defluoridation project.

China Everbright Water wins Phase 2 of Dalian wastewater treatment project

SINGAPORE (May 7): China Everbright Water says it recently won the bid to construct Dalian Pulandian Waste Water Treatment Project Phase II in Liaoning province.

China Everbright Water wins $317 mil of contracts under Shangdong water supply project

SINGAPORE (Apr 4): China Everbright Water says it has secured three sub-projects worth a total of RMB1.522 billion ($317 million) under the Ji'nan Zhangqiu Urban-Rural Integration Water Supply Project in the Shandong Province of China.

Broker's Calls

Outlook remains bright as ever for this utilities play

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.

Results

China Everbright posts 47% rise in FY17 earnings to $86.5 mil on higher revenue and finance income

SINGAPORE (Feb 28): China Everbright Water reported a 47% increase in full-year earnings to HK$ 513.4 million ($86.5 million) in FY17 from HK$ 349.3 million in FY16.

M&A

China Everbright Water wins Shandong water plant upgrading project

SINGAPORE (Jan 18): China Everbright Water has won a contract to upgrade the Shandong Dezhou Ling County wastewater treatment plant 2.

Broker's Calls

This water recycler has the vote of confidence from supporters and rivals alike

SINGAPORE (Jan 9): UOB Kay Hian expects CITIC Envirotech's recent share placement to help secure the multiple mega projects management is bidding for.
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