Jinwu Financial News | Water stocks continued to be strong. As of press release, Dianchi Water (03768) rose nearly 8%, Beikong Water Group (00371) rose 5.49%, China Water (00855) rose more than 2%, and Xinglu Water (02281) and Guangdong Investment (00270) both rose more than 1%.
According to the news, recently, announcements issued by the Shanghai Qingpu District and Pudong New Area Development and Reform Commission on the adjustment of regional water prices spread all over the Internet. Starting from January 1, 2024, during the first meter reading and settlement cycle, the current residential water price will be billed; starting with the second meter reading settlement cycle, the adjusted residential water price will be billed, and the water bill will officially increase in March next year.
Guotai Junan said that it is expected that listed companies in the water industry will gradually enter the next price adjustment cycle, and the rise in water prices will bring new performance increases to the company; while performance is growing steadily, water companies have low valuations and impressive dividends. In the context of monetary easing, the value of high dividend rate allocations is remarkable.