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Beijing Enterprises Water Climbs to 12-Year High on New Rating

Beijing Enterprises Water Group Ltd. (371), a Chinese developer of water treatment systems, closed at a 12-year high in Hong Kong trading after being rated new outperform by Credit Suisse Group AG analysts.

The shares climbed for a second day, advancing 5.2 percent to HK$4.70, the highest since May 2001. That raised the stock’s gain this year to 135 percent compared with a 3 percent rise over the same period by the 50-member Hang Seng Index.

To contact the reporter on this story: Moxy Ying in Hong Kong at yying13@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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