- The Chinese authorities target to increase the utilization rate of reclaimed water in China, and this is seen as policy tailwinds for China Water Affairs' environmental protection business.
- A recent comparable transaction involving the acquisition of Chinese companies in the waste and water industries suggests that China Water Affairs' current valuations are relatively reasonable.
- The market values China Water Affairs at 6.3 times consensus forward FY 2021 (YE March 31) P/E, and the stock boasts a consensus forward FY 2021 dividend yield of 4.9%.
For further details see:
China Water Affairs: Spotlight On Policy Tailwinds And Recent Comparable Transaction