CMB Securities: Maintains a "buy" rating for Everbright Environmental Technology (00257.HK), planned to return to A listing, helping to reevaluate the value of the environmental protection industry leader.

According to the Wisdom Finance APP, China Merchants Securities released a research report stating that Everbright Environment (00257.HK) plans to return to the A-share market to expand its business and optimize its capital structure. The company's cash flow is expected to improve significantly and turn positive starting from 2024, benefiting from accelerated subsidy recovery and cost reduction measures. Profit in various sectors is expected to grow steadily. The company's net profit attributable to shareholders for 2025-2027 is maintained at HK$3.337 billion, HK$3.564 billion, and HK$3.831 billion, with year-on-year growth rates of -1%, 7%, and 7%. The current stock price corresponds to PE ratios of 9.1x, 8.5x, and 7.9x, and the "hold" rating is maintained.