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00371 BJ ENT WATER
RTNominal down2.130 -0.010 (-0.467%)
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30/08/2018 17:23

[I-bank focus]Citi lifts Beijing Ent Water (00371) to HK$5.6

[ET Net News Agency, 30 August 2018] Citi Research raised its target price for Beijing
Enterprises Water (BEW)(00371) to HK$5.6 from HK$5.5, and maintained its "buy" rating.
The research house said BEW reported better than expected 1H earnings on (1) high profit
growth; (2) improving profit mix with more from cash generating operation; and (3) capex
cut from pursuing asset-light business model.
Citi lifted its 2018-20 net profits forecasts by 6-10% for more asset-light expansions.
(KL)

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