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China Everbright Environment Group (HKG:257) Stock Falls 3.7% in Past Week as Three-year Earnings and Shareholder Returns Continue Downward Trend
EB ENVIRONMENT: DATE OF BOARD MEETING
According to the Caixin Venture Capital Report: In December 2024, financing in the Carbon Neutrality sector reached 32.404 billion yuan, an increase of over ten times month-on-month, with the photovoltaic sector being the most active.
According to data from CaiLianShe Venture Capital, there were 96 private equity investment and financing events in the domestic Carbon Neutrality sector in December, an increase of 43.28% from 67 events last month; The total disclosed financing amount is approximately 32.404 billion yuan, an increase of 1091.77% from 2.719 billion yuan last month.
Haitian Holdings (603759.SH): Signed a framework agreement for strategic cooperation with EB ENVIRONMENT.
On January 13, Gelonghui reported that Haitian Group (603759.SH) announced that the company has recently signed a strategic cooperation framework agreement with EB ENVIRONMENT in writing. The two parties will carry out in-depth cooperation in Solid Waste Treatment, photovoltaic New energy Fund, municipal water supply and drainage, pipeline drinking water, and Agriculture resources through equity cooperation, project investment, and industrial cooperation. The strategic cooperation agreement signed with EB ENVIRONMENT involves garbage Solid Waste Treatment and waste incineration power generation, equipment manufacturing, and water supply and drainage fields, with specific related projects being advanced in accordance with the law and regulations. The implementation of the agreement is expected to affect the company in 2025 and future years.
Counterpoint Research: By the first half of 2024, China will exceed 60% of the Global passenger electric vehicle market share.
Advanced technology, manufacturing automation, and the ability to provide feature-rich products at competitive prices have given Auto Manufacturers in China an advantage for Global expansion.
Guosen: Initiates a "Outperform Market" rating on EB ENVIRONMENT (00257) with a reasonable valuation of HKD 4.48-4.73.
Guosen expects that from 2024 to 2026, EB ENVIRONMENT (00257) will have a net income attributable to shareholders of 3.703/3.943/4.144 billion HKD respectively.
