Conch Venture (586 HK): Improving Risk-Reward Profile
Following CCEP spin-off and recent share price decline, Conch Venture is now at more attractive valuation level. In the medium term, upside will...
307 Views
China Everbright Environment (257 HK): Sell-Down Unwarranted Given Positive Prospects
While CEE's FY21 is below expectation, we think that good new project momentum, further increase in operation revenue and collection of national...
313 Views
SG Real Estate Sector Update: Private Home Sales & Earnings Commentaries
Preliminary Feb ’22 private home sales -27.2% MoM and -24.0% YoY primarily due to lack of major new launches, CNY and declining inventory of...
992 Views
China Everbright Water (1857 HK): Good New Project Flow Is the Key
CE Water achieved good growth in new project in 2H21; and with the increase in special purpose bonds issuance by local governments, we see the...
229 Views
Special Purpose Bonds in 2022: Benefiting China Everbright Env (257 HK) & China Comm Const (1800 HK)
We see local governments' special purpose bonds issuance and uses for 4Q21 and 1Q22 to benefit environmental and infrastructure construction...
274 Views