Everbright 2%dbs to raise target price to HK $2.7

China Everbright International, which intends to expand its support for new energy policies, Gaokaigao away this morning, with shares now up 1.65% to HK $2.47 and 730,000 shares.　　DBS only issued a report saying it lowered its rating from buying to holding, but raised its target price from HK $2 to HK $2.7, a premium of 9% per cent. DBS points out that Everbright's share price has risen by 4 times-fold in the past 6 months, but has lowered its weighted average capital cost expectations as investors ' willingness to take risks has risen. It is expected that Everbright International will benefit from the government's preferential policies for renewable energy industry, such as preferential tax rate, financing arrangement subsidy, and so on, the prospect of sewage treatment industry is still good.