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00371 BJ ENT WATER
RTNominal up4.020 +0.060 (+1.515%)
Others

08/10/2019 14:04

{I-bank focus}Huatai positive to BJ Ent Water transformation

[ET Net News Agency, 8 October 2019] Huatai Research hosted on an NDR for Beijing
Enterprise Water (BEW)(00371 in Beijing 26-27 September. Management had a detailed
discussion with investors on its asset-light transformation strategy.
The research house believes the strategy will not only help the company change its
current business characteristics of being capital intensive and having a long payback
period, but also maximize its core competitiveness and achieve more sustainable growth.
Although the process may take 3-5 years to complete due to BEW's already large scale,
Huatai is positive on its prospects, given that BEW has already gained ground. Instead of
near-term earnings growth, the outcome of asset-light transformation should be the most
important thing to watch, it noted.
Huatai maintained its "buy" rating on BEW with a target price at HK$6.2. (KL)

Remark: Real time quote last updated: 16/12/2019 14:16
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