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[Brokerage Focus] Zhongtai International: Shenzhen plans to raise water prices, CHINA WATER (00855) and others are expected to benefit.
Jinwu Finance News | According to a Research Report from Zhongtai International, the Shenzhen Development and Reform Commission recently announced that a hearing for adjusting the city's water supply prices will be held on April 11. According to the two proposed pricing schemes, the comprehensive price of tap water is expected to increase by 13.1% from 3.449 yuan per cubic meter to 3.8991 yuan per cubic meter (including tax). The report indicates that in recent years, tap water prices have been raised in different regions across the country, for instance, some areas in Shanghai have already implemented increases in 2024, reflecting the principles of market-oriented policies. In August 2021, the National Development and Reform Commission issued the "Regulations on the Management of Urban Water Supply Prices," establishing that water pricing will consider the operational costs of water supply companies more significantly.
Hong Kong Stock Concept Tracking | The Shenzhen Development and Reform Commission will hold a hearing on the adjustment of tap water prices. The Water Affairs Sector has long-term dividend properties (including concept stocks).
CITIC SEC stated that as the domestic Water Affairs Industry enters the stock operation cycle, capital expenditure intensity has significantly decreased. It is believed that the industry is gradually establishing a high dividend foundation, and several benchmark symbols with dividend attributes are expected to emerge.
BJ ENT WATER (00371.HK) held a Board of Directors meeting on March 26 to approve the release of the annual performance.
Gelonghui, on March 3rd, reported that BJ ENT WATER (00371.HK) announced that the Board of Directors meeting will be held on March 26, 2025 (Wednesday), to approve the issuance of the company's and its subsidiaries' annual results announcement for the year ending December 31, 2024, as well as to consider the proposal for the distribution of the final dividend (if applicable).
BJ ENT WATER: DATE OF BOARD MEETING
Hong Kong stock movement | BJ ENT WATER (00371) fell over 4% as Citigroup expects its annual profit to be below expectations. Reduced capital expenditure will help maintain dividends.
BJ ENT WATER Group (00371) dropped over 4% in the afternoon, as of the time of this report, down 4.22%, priced at 2.27 Hong Kong dollars, with a transaction amount of 79.9895 million Hong Kong dollars.
BJ ENT WATER (00371.HK) intends to issue the first phase of medium-term notes for the year 2025.
On January 7, Glonghui reported that BJ ENT WATER (00371.HK) announced the company plans to issue the first phase of medium-term notes for 2025 in an amount not exceeding 1 billion RMB in China, with a term of 5 years for one type and 10 years for another type. The company intends to use the funds raised from the first phase of medium-term notes for repaying interest-bearing debts.
