HK Stock Market Move | In the afternoon, EB Environment (00257) rose by more than 4%. The company has initiated A-share listing counseling. Citigroup expects the company's profit growth to accelerate.

EB ENVIRONMENT (00257) rose more than 4% in the afternoon, closing at a 4.53% increase, at 4.85 Hong Kong dollars, with a turnover of 48.33 million Hong Kong dollars. On the news front, on December 26th, the website of the China Securities Regulatory Commission showed that EB ENVIRONMENT has applied for registration with the Shenzhen Securities Regulatory Bureau for listing guidance. EB ENVIRONMENT is a well-known domestic waste incineration company. The company's annual report for 2024 shows that it is China's largest environmental company and the world's largest waste-to-energy investment and operation operator. Citigroup released a research report reiterating a "buy" rating for China's EB ENVIRONMENT, based on the expected increase in free cash flow last year, which is expected to be enough to cover financing costs and dividend payments, leading to continued growth in dividends. The company's capital spending is more cautious, mainly investing in overseas projects with higher returns than domestic projects; and the catalytic effect of a dual listing on the A-share market is expected to drive a reevaluation of the value of H-shares. The bank believes that the company's profit growth is expected to accelerate this year.