We believe that the outlook for regulation of the Chinese water sector remains positive and would caution against read-across from current proposals for gas regulation in Chongqing, as substantial differences exist between the two industries. Valuations in excess of HK$10/share are sustainable for China Water Affairs Group (CWA), in our view.
04 Oct 2018
China Water Affairs Group - Water regulation remains positive
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China Water Affairs Group - Water regulation remains positive
China Water Affairs Group Limited (855:HKG) | 0 0 0.0%
- Published:
04 Oct 2018 -
Author:
Graeme Moyse -
Pages:
2
We believe that the outlook for regulation of the Chinese water sector remains positive and would caution against read-across from current proposals for gas regulation in Chongqing, as substantial differences exist between the two industries. Valuations in excess of HK$10/share are sustainable for China Water Affairs Group (CWA), in our view.