China Water (00855) rose more than 4% at the end of the session. As of press release, it rose 3.69% to HK$5.34, with a turnover of HK$58,1306 million.
The Zhitong Finance App learned that China Water (00855) rose more than 4% at the end of the session. As of press release, it had risen 3.69% to HK$5.34, with a turnover of HK$58,1306 million.
According to the news, according to the Stock Exchange's latest equity disclosure data, on February 26, China Water received 180,000 shares from Orix Corporation at an average price of HK$47,443 per share on the market, involving about HK$854,000. According to reports, ORIX is the company's second-largest shareholder.
Minsheng Securities believes that compared with developed countries, water supply prices in China are low, and the increase in water prices may be the general trend in the future. A sharp rise in volume and price is expected to guarantee that water companies maintain high dividends. According to a research report previously released by Zhongtai International, four and eight projects of the company were approved to raise tap water prices in FY22 and FY23, respectively, and more projects in the second half of FY24 and FY25 are expected to be approved to raise water prices.