China Everbright (formerly: HanKore Environmental Tech Group)

[CityFarmer]

I agree fully with GG. The best entry time for WWT sector is over. It is difficult, if not impossible to buy good WWT stock with PB of 1.x

I recall the good time when Sound Global was only PE <10, and PB of 1.x

The Hankore probably my last attempt on WWT sector, time to hunt for other cheaper alternative

(divested)

Just like Hyflux in the last bull cycle, they are all selling a dream based on shortages or currently lack of clean water as a result of the highly polluted Chinese environment.

Moreover, if we look at the deal itself - paying so much for shifting existing assets and possibly new connections with steeply discounted new shares - you just have to think harder, don't you?

Even if you are paying 25x PER for concessions that are of limited concession period (pardon me as I don't know what is the maximum in China now), you are basically betting on management's ability to get a lot more concessions and also assume that they have limited start up issues for each new concession.

There are simply too much grey areas in China water as the tariffs and rules differs for different locations.

Anyway, there are various different ways of doing business and investing one's money. There are plenty of choices - Don't miss the forest just because of say a few trees...

Odd Lot Vested
GG

Which is a better buy? China Everbright at 32x PE? SIIC Env at 25x PE? Or Hankore at 55X PE?