China Everbright Waters: Secured Rmb228m ($50.1m) contract with the government of Daxing District, in Beijing, for the upgrade and expansion of Beijing Daxing Tiantanghe Waster Water Treatment Project.
The project is the company’s first complying with the discharge standard of category IV surface water, which is higher than the National Grade 1A standard, and is expected to be completed by 2H16.
Commenting on the latest order win, analysts highlighted that China Everbright Water remains well-positioned to clinch more projects, as it capitalizes on its increased accessibility to government networks and strong financial support from state-owned parent China Everbright Group.
At the current price, China Everbright Water trades at 24x forward P/E.
The street has 3 Buy ratings with a TP of $0.88.