CHINA EB INT`L (257.HK): The Construction Income Drives Fast Growth of Result March 19, 2018

Summary of Investment

  • All through the year, the result showed a growth of 26%, with attractive valuation;
  • Strong capital strength and rich reserve for projects;

Investment Rating

The Company had excellent result and stable operation. The strong business expansion ability and abundant reserve for projects will contribute to the continual growth of its result in the next three years. It is forecast that the net profits of the Company in 2018 and 2019 will reach HKD4346 million and HKD5251 million, respectively; earnings per share (EPS) will be HKD0.97 and HKD1.17, respectively; the target price will be HKD14.0, with a Accumulate rating.

About the author

Profile photo of Wang Yannan

Wang Yannan
Phillip Securities (HK)

Graduated from the University of Science and Technology of China with a Masters degree in Management and major in Financial accounting and Economics throughout her academic study.

Currently Covering Environmental Protection and New Energy sectors as an analyst in Phillip Securities and focus on the macro policy´╝îindustry and fundamentals to explore the investment value.

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