CEB WATER (1857.HK) Results of 2019 exceed expectations, price and capacity both rise to promote development March 6, 2020 56

PSR Recommendation: BUY Status: Maintained
Target Price: HKDHKD 1.70

Company Update

As of 2019, the company has invested and held 1 raw water protection project, 3 water supply projects, 96 municipal sewage treatment projects, 12 industrial wastewater treatment projects, 1 leachate treatment project, 8 reclaimed water reuse projects, 6 basin treatment projects and 2 sewage source heat pump projects, while undertaking 2 EPC projects and 1 O&M project. The total design capacity is 850,000 cubic meters of water per day, 5.14 million cubic meters of sewage per day, and 206.6 thousand cubic meters of reclaimed water per day. The sewage source heat pump project can provide heating and cooling services for an area of 295,000 square meters. It includes 101 operating projects, 1 completed project, 14 projects under construction, and 16 preparatory projects, of which the daily water treatment capacity of the preparatory projects reaches 1.15 million cubic meters.

About the author

Profile photo of Leon Duan

Leon Duan
Investment Analyst

Bachelor Degree in Shandong University of Science, and Master Degrees in Chinese University of Hong Kong Faculty of Science and City University of Hong Kong College of Business. Currently cover Pharmaceuticals and Environmental Protection sectors, good at combining analysis with industry prospects and company fundamentals.

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!