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

Beijing Enterprises Water Group Ltd., 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.