UBS 瑞银：中国水务行业深度报告 64页

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UBS 瑞银：中国水务行业深度报告 64 页

UBS Investment Research Chinese Water Utilities Sector

19 September 2007 64 页

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2007-9-21 07:18:00 上传

UBS 瑞银：中国水务行业深度报告 64页
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Contents page
Summary and investment case 3
Industry analysis 5
Industry risks 14
Valuation and comparables 16
Company pages 21
— Guangdong Investment Limited ...........................................................................22
— Investment case .............................................................................................23
— Company risks ...............................................................................................24
— Financials .......................................................................................................25
— Price target derivation ....................................................................................30
— Company background ....................................................................................32
— Tianjin Capital - H .................................................................................................36
— Investment case .............................................................................................37
— Company risks ...............................................................................................39
— Financials .......................................................................................................40
— Price target derivation ....................................................................................44
— Company background ....................................................................................45
— Bio-Treat Technology ...........................................................................................49
— Hyflux....................................................................................................................53

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关键词：行业深度报告 深度报告 中国水务 水务行业 UBS 行业 深度 UBS 水务