The Zhitong Finance App learned that Bank of America Securities released a research report stating that it reaffirmed the “buy” rating of Everbright Environment (00257.HK) because free cash flow (FCF) is expected to double to HK$9 billion last year, due to a downward cycle of capital expenditure; dividends per share gradually increased, supported by an FCF yield of about 20% and a projected annual compound annual increase of 11% in earnings per share from 2024 to 2027; and the proposed issuance of A-shares has brought potential valuation reviews; its current price is equivalent to predicting a 5.7% dividend rate this year. Based on the cash flow discount rate, the target price was raised from HK$5.3 to HK$6.2.

The Zhitong Finance App learned that Bank of America Securities released a research report stating that it reaffirmed the “buy” rating of Everbright Environment (00257.HK) because free cash flow (FCF) is expected to double to HK$9 billion last year, due to a downward cycle of capital expenditure; dividends per share gradually increased, supported by an FCF yield of about 20% and a projected annual compound annual increase of 11% in earnings per share from 2024 to 2027; and the proposed issuance of A-shares has brought potential valuation reviews; its current price is equivalent to predicting a 5.7% dividend rate this year. Based on the cash flow discount rate, the target price was raised from HK$5.3 to HK$6.2.