EB ENVIRONMENT (00257) surged more than 5% against the broader market trend, reaching HK$5.06 with a trading volume of HK$178 million by the time of writing.
The uptick follows the official launch of a waste-to-energy power project in Namangan, Uzbekistan on November 29, implemented by China Everbright International Limited. This comes after the commencement of a similar project in Fergana.
Under the project plan, EB ENVIRONMENT will invest $141.5 million in Namangan. The facility is designed to process 1,500 tons of waste daily (547,000 tons annually), generating 227.5 million kWh of electricity per year, with operations slated to begin in 2027.
Notably, EB ENVIRONMENT recently initiated plans for an A-share listing. Tianfeng Securities noted that post-listing, the AH premium ratio could be significantly high, potentially driving further valuation upside for its H-shares.
The brokerage highlighted that growing waste-to-energy demand in Central and Southeast Asian markets may create sustained opportunities. The A-share issuance could provide additional capital reserves to support the company's overseas expansion. Analysts remain optimistic about the international growth prospects of China's waste-to-energy sector.
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