In FY20, despite a very challenging operating environment, China Water Affairs (CWA) delivered another year of growth for shareholders. Requirements for environmental expenditure in the Chinese water sector present opportunities for it to extend its track record of growing returns into FY21 and beyond. This opportunity does not appear to be reflected in CWA’s current modest market rating of an FY21e P/E multiple of 5.6x.
23 Jul 2020
China Water Affairs Group - Growth opportunities remain
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China Water Affairs Group - Growth opportunities remain
China Water Affairs Group Limited (855:HKG) | 0 0 0.0%
- Published:
23 Jul 2020 -
Author:
Graeme Moyse -
Pages:
15
In FY20, despite a very challenging operating environment, China Water Affairs (CWA) delivered another year of growth for shareholders. Requirements for environmental expenditure in the Chinese water sector present opportunities for it to extend its track record of growing returns into FY21 and beyond. This opportunity does not appear to be reflected in CWA’s current modest market rating of an FY21e P/E multiple of 5.6x.