BJWTY - Beijing Enterprises Water Group: Yield And Growth For Investors Comfortable With Risks Involved
Investment Thesis
Beijing Enterprises Water Group (BJWTY) (BJWTF) derives most of its revenue from constructing and/or operating sewage and reclaimed water treatment plants in China. With more people moving to cities in China and putting a further strain on already scarce water resources and low quality of water, the government has increased spending to increase the wastewater treatment capacity across the country. In its 13th 5-year Plan, the government has allocated RMB 559 billion, a total 0.75% of its whole GDP to the water treatment industry. BEWG is expected to benefit from those