bullish
China Water Affairs Group - Improvements at Kangda International
SUMMARY
FY19 results from Kangda International Environmental (KIE) showed an improvement in profitability and China Water Affairs (CWA) has put in place a deal to increase its holding in its associate company. While the precise financial impact of the COVID-19 pandemic has yet to be clarified, we have left our FY20 forecasts unchanged, but CWA’s current rating appears modest for such a defensive company.
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- China Water Affairs Group - Improvements at Kangda International28 Apr 2020
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