/> ShareJunction - Member Posts
logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Investor Insights Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back

Latest Posts By lawcheemeng - Master      About lawcheemeng
First   < Newer   3641-3660 of 4497   Older>   Last  

11-Aug-2010 14:19 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		seen wind ' change steer........."jian feng shi dou"............hehehe      though brought at higher price when wind changes they will still hammer it down......more over the price has been factor in since climb from low of 32cts......my view only hor....
Good Post  Bad Post 
11-Aug-2010 14:15 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0

Hehe, no worry it will come back.......one

 
Good Post  Bad Post 
11-Aug-2010 14:08 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0

profit surged 284.9% YoY

SUPER  result

but  PRICE  FELL ? ? ? ?
Good Post  Bad Post 
11-Aug-2010 14:02 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		United Envirotech: 1Q11 Results Within Expectations




By Carey Wong
Wed, 11 Aug 2010, 09:04:06 SGT

United Envirotech Ltd’s (UEL) 1Q11 revenue jumped 152.8% YoY to S$22.4m, aided by higher engineering income from the Guangzhou EPC project (already officially completed). And thanks to the higher revenue, net profit surged 284.9% YoY to S$4.2m. Management remains upbeat about its prospects for the rest of FY11 and is “optimistic” that there are opportunities for new and upgrading projects to be secured, both in the municipal and industrial sectors. Given the still buoyant outlook for the water sector, both in China and regionally, we remain positive on UEL’s prospects. And as 1Q11 results are within expectations, we see no need to adjust our estimates. As such, we maintain our BUY rating and DCF-based fair value of S$0.52.

1Q11 results within expectations. United Envirotech Ltd (UEL) reported its 1Q11 results last evening. Revenue jumped 152.8% YoY to S$22.4m, aided by higher engineering income from the Guangzhou EPC project (already officially completed). But because EPC revenue tends to come with lower gross margins compared to waste treatment, overall gross margin slipped to 35.3% from 51.8% in 1Q10. Still, thanks to the higher revenue, net profit surged 284.9% YoY to S$4.2m. On a sequential basis, though revenue slipped 26.1%, it still met 22.2% of our full-year estimate; net profit fell 34.9%, but still met 23.6% of our FY11 forecast. We are not overly concerned as the first quarter tends to be the seasonally weaker period.

Outlook remains upbeat. Indeed, management remains upbeat about its prospects for the rest of FY11, buoyed by the improving overall economic conditions; and also believes that the stricter discharge limits imposed by the Chinese government will compound the demand for membrane-based water and waste-water treatment services. As such, UEL is “optimistic” that there are opportunities for new and upgrading projects to be secured, both in the municipal and industrial sectors. Currently, we estimate that UEL is sitting on an EPC order book of around S$60-70m, which it will deliver over the next 15 months. And as its long-term growth strategy, UEL will actively seek suitable TOT/BOT/BOO projects in China to build or acquire to strengthen its recurring income base. Last but not least, UEL also intends to build on its O&M services to further boost its recurring income stream, both in China and beyond.

TDR listing on the horizon. And on the topic of venturing overseas, UEL is seeking a TDR listing in Taiwan; besides providing itself with an additional platform for fund raising, management believes that the TDR will help raise its profile (management notes that there is no similar listed water company there) and allow it to pursue projects in Taiwan. In any case, we do not expect funding to be an issue for UEL, given that it has recently secured RMB3b of project financing (S$600m) for three years from China Merchants Bank.

Maintain BUY with S$0.52 fair value. Given the still buoyant outlook for the water sector, both in China and regionally, we remain positive on UEL’s prospects. And as 1Q11 results are within expectations, we see no need to adjust our estimates. As such, we maintain our BUY rating and DCF-based fair value of S$0.52.

Good Post  Bad Post 
11-Aug-2010 13:51 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		hehehe   ...........reach liao.........don't know can get or not........
Good Post  Bad Post 
10-Aug-2010 14:46 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		going to reach TP to buy  liao.......
Good Post  Bad Post 
10-Aug-2010 14:27 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		hehe... good good, congrats. good luck!

alexchia01      ( Date: 10-Aug-2010 14:18) Posted:

Buy at $0.375.

1st Sold at $0.425

2nd Sold at $0.415



dc16888      ( Date: 10-Aug-2010 13:28) Posted:

Alex, what price u entered?lol. cheers.


Good Post  Bad Post 
10-Aug-2010 14:18 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0

Buy at $0.375.

1st Sold at $0.425

2nd Sold at $0.415



dc16888      ( Date: 10-Aug-2010 13:28) Posted:

Alex, what price u entered?lol. cheers.

alexchia01      ( Date: 10-Aug-2010 12:09) Posted:

Thanks for your warning, but I made 11.81% profit from this counter within 1 week.

I'm pretty ok with this counter. Smiley
Good Post  Bad Post 
10-Aug-2010 13:28 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		Alex, what price u entered?lol. cheers.

alexchia01      ( Date: 10-Aug-2010 12:09) Posted:

Thanks for your warning, but I made 11.81% profit from this counter within 1 week.

I'm pretty ok with this counter. Smiley



MikeL2009      ( Date: 10-Aug-2010 11:53) Posted:

I told you so.Smiley
Good Post  Bad Post 
10-Aug-2010 13:24 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0

It should be,

I told me so!Smiley
Good Post  Bad Post 
10-Aug-2010 12:09 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0

Thanks for your warning, but I made 11.81% profit from this counter within 1 week.

I'm pretty ok with this counter. Smiley



MikeL2009      ( Date: 10-Aug-2010 11:53) Posted:

I told you so.Smiley
Good Post  Bad Post 
10-Aug-2010 11:53 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		I told you so.Smiley
Good Post  Bad Post 
10-Aug-2010 11:39 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0

Sold All and Take My Profits Today
Good Post  Bad Post 
10-Aug-2010 11:38 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		yes sold when i post becareful liao.............

Salute      ( Date: 10-Aug-2010 11:28) Posted:



wao, from 45cts to 405cts, the plane must have hit the early solar tsunami.

Law, you sold last 2 days and waiting to buy back?
Good Post  Bad Post 
10-Aug-2010 11:28 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0

wao, from 45cts to 405cts, the plane must have hit the early solar tsunami.

Law, you sold last 2 days and waiting to buy back?
Good Post  Bad Post 
10-Aug-2010 11:21 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		don't be too calculative for 0.5 or 1 cts lah ....

lawcheemeng      ( Date: 10-Aug-2010 11:04) Posted:

getting close liao lor......i m waiting......hehehehe
Good Post  Bad Post 
10-Aug-2010 11:04 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		getting close liao lor......i m waiting......hehehehe
Good Post  Bad Post 
10-Aug-2010 10:22 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		can come down a little bit more.......after hitting 45cts with close to 86million share...has be dropping ......wait for you at 40cts...lor........hehehe
Good Post  Bad Post 
06-Aug-2010 14:44 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		time to be careful liao......sell down vol higher than buy vol.............
Good Post  Bad Post 
06-Aug-2010 14:42 Citic Envirotech   /   United Envirotech       Go to Message
x 0
x 0 		BBs are dumping.
Good Post  Bad Post 
First   < Newer   3641-3660 of 4497   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.