Summary of Investment
Investment Rating
As an industry leader, the company will certainly benefit from the promising market space for future non-electric treatment sector. We forecast that the company`s net income for 2017-2018 will be RMB732 million and RMB815 million, respectively; EPS will be RMB0.69 and RMB0.76, respectively; equivalent to the PE ratio in 2017/2018 of 23.0/20.7. We give a target price of RMB20.0 for “Buy” rating. (Closing price as at 30 Nov 2017)
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.