everbright water is my recommendation $CEB WATER(01857)$. the company is principally engaged in waste water treatment, reusable water, sludge treatment, research and development of environmental water technologies, engineering and construction etc. the company's geographical footprint spans across east, central, north, northeast and northwest China, including Beijing, Jiangsu, shangdong and Liaoning etc. its PE is 4.22 and P/B is 0.427 only.
As the Chinese government is more and more concern for better life environment to its people, the company business growing fast in China. thanks to its excellent operation, the company was shortlisted as one of the "top 10 influential enterprises in China's water industry" for the fourth consecutive year and received the "listCo excellent award" for the second consecutive year.
its dividend yield is 7.097, ROE is 10.7 and 10.6 for the past two years. its gearing ration is 60.1% and 57.6% in last two years, giving that its major shareholder are China government funding, it is considered has a good margin of safety.
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