DONGJIANG ENV (002672.SZ): Leading Hazardous Waste Treatment Company, Accelerating Its Nationwide Expansion January 29, 2018

Summary of Investment

  • Marching into the southwest market to expand its nationwide layout;
  • Gaining a substantial increase in productivity in 2018;
  • Cooperating with Conch Venture, constituting a strong partnership in respect of hazardous waste treatment;

Investment Advice

It is forecast that net profit of the Company in 2017 and 2018 will reach RMB 476 million and RMB 635million, respectively; earnings per share (EPS) will be RMB 0.54 and RMB 0.72, respectively; the P/E ratio will be 29.5 and 22.1 , respectively; the target price will be RMB20.2, with a Buy rating.

Historical P/E Valuation

29 jan

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,industry and fundamentals to explore the investment value.

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