- China Water Affairs' 1H FY 2021 financial performance was above expectations, which partly mitigates concerns that the growth of the core water supply business might have already peaked.
- A potential spin-off of China Water Affairs' environmental protection business is a re-rating catalyst for the stock, and the company did not rule out such a possibility.
- China Water Affairs trades at 5.8 times consensus forward FY 2021 (YE March) P/E, and it offers a consensus forward FY 2021 dividend yield of 5.2%.
For further details see:
China Water Affairs: Growth Sustainability And Potential Spin-Off Draw Attention