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United Envirotech
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freeme
Elite |
02-Jun-2009 13:48
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as long as CGO stop selling this counter gt upside potential..
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bh704428
Veteran |
02-Jun-2009 13:17
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Disagree. Last week DOW got rose 3 digits too but the next day tis counter also still face heavy selling. So perhaps it may have really bottomed at 9 cts yesterday
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lawcheemeng
Master |
02-Jun-2009 11:31
Yells: "fly me to the mooon" |
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time for this counter to go up liao! wait long long liao! chiong ah! | |||||||||||||||
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freeme
Elite |
02-Jun-2009 11:21
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maybe bec dow up, so they decide to hold awhile 1st.. let it run up
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tchoonw
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02-Jun-2009 11:15
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how come cgo no action today? nvr come out and slaughter utd env tech? | |||||||||||||||
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smartrader
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01-Jun-2009 20:31
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CGO has 32 mil more shares to throw, there are buyers more than willing to "catch" it at 9 cts...if CGO does not lower its price, it will rebound when it is almost done (based on Westcomb's recommendation)...... will try to catch some within these two weeks if price goes lower than 9cts.
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wongmx6
Veteran |
01-Jun-2009 17:19
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I guess it's still very much rely on the vast major market. i hope that this rally could extend further longer. |
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tchoonw
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01-Jun-2009 17:17
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shorted at 9c today...if utd env can move, it should have moved together with the rest but it didnt. so when correct correct, it will follow and collaspe to below 5c! | |||||||||||||||
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freeme
Elite |
01-Jun-2009 17:04
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Can see very clear that the supply of shares at 0.09 was keep on added when it was cleared. Obviously someone is trying to keep it at the trading px. Most like will be CGO. Dw side limited, i tink should be able to move soon. vested |
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wongmx6
Veteran |
01-Jun-2009 15:55
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A piece of encouraging report by westcomb. Corporate Updates SGX Research Incentive Scheme Analyst Lee Khai Chian 0.00 0.05 0.10 0.15 0.20 0.25 0.30 May-08 Aug-08 Nov-08 Feb-09 May-09 0.0 2.0 4.0 6.0 8.0 10.0 12.0 Volume ('m) - RHS FSSTI Index UENV SP United Envirotech Ltd - Outlook remains upbeat Year End: Dec (S$ '000) FY09 FY08 YoY (%) Revenue 4 2,857 5 1,209 (16.3) Other income 7 45 1 ,969 (62.2) Changes in inventories (10) 278 (103.6) Material purchased (26,029) (29,190) (10.8) Employee benefits expense (4,879) (4,186) 1 6.6 Depreciation and amortization expenses (952) (887) 7 .3 Other operating expenses (6,102) (7,579) (19.5) Finace costs (903) (1,408) (35.9) Share of profit (loss) of associate (358) (224) 5 9.8 Profit before income tax 4 ,369 9 ,982 (56.2) Income tax expense (706) (1,527) (53.8) Net profit for the period 3 ,663 8 ,455 (56.7) FY09 Results Review - The decrease in revenue was mainly due to the reduction in the engineering, procurement and construction (“EPC”) segment from $42.9m in FY08 to $32.1m in FY09. However, the decrease was offset by the increase in the treatment business from $8.3m in FY08 to $10.8m in FY09. - The operating income for treatment business was $5.0m, surpassing that of EPC segment which recorded a mere $1.4m profit. - The other operating expenses decreased 19.5% to $6.1m in FY09 as one-off various fees incurred to obtain the financing for the two TOT projects in Liaoyang and Xintai. - Finance cost pertained mainly to the bank loans interest expenses for the two TOT projects in Liaoyang and Xintai. The reduction was consistent with the decline in the borrowing rate. - No dividend was declared for FY09, as compared to 0.3 Sg cts in FY08. Valuation & Recommendation - The business risk for EPC segment is very high as we can see from the high variance of segmental sales over the years. The revenue for EPC is less predictable and is highly dependent on the company’s ability to secure new contracts in the increasingly competitive industry. Nevertheless, the volatility in EPC segment is well buffered by its stable and improving treatment business. We like its treatment business for several reasons: (1) steady cash flow, (2) increasing treatment capacity, and (3) high return-on-invested capital. - Although the FY09 results were below our expectation, we are still upbeat about the company’s prospect. Therefore, there is no major revision on our estimates for FY10 and FY11. - The share price was battered badly as a key substantial shareholder – China Growth Opportunities Ltd - is unloading its stake and we are unsure when it will end. On top of that, in near term, the share price might be overhung as Oei Hong Leong, holding more than 15% stack in the company, was reported in the press that he lost $1 billion due to trades in forex and US Treasury bonds. Nevertheless, we view all these serve as a good entry for investors. - We continue to apply 0.7x FY10 NTA per share, we derive a target price of S$0.15, representing 76% upside potential. Maintain BUY. http://www.remisiers.org/research//UENV_corporate_update_june_09.pdf |
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smartrader
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30-May-2009 11:26
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Noticed CGO also dumped shares in Asia Water Technology.. Looks like it is exiting water industry..... after it transfers United Environ Tech to CGO (Holding Company). |
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smartrader
Elite |
29-May-2009 21:55
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Thanks. this maybe its intention, 14 mil to go.. | |||||||||||||||
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Alligator
Veteran |
29-May-2009 21:47
Yells: "learning from past " |
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5%
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smartrader
Elite |
29-May-2009 21:43
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CGO still has 35445000 or 8+%- assuming 2mil shares sold per trading day, it will cease on 23 Jun.....what is the % of holding whereby no filing is required ? | |||||||||||||||
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freeme
Elite |
29-May-2009 16:29
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start to see buying interest liao.. keep watching | |||||||||||||||
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tchoonw
Veteran |
29-May-2009 10:36
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shorted some at 8.5c today and just hope cgo dump all the way down!
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smartrader
Elite |
28-May-2009 20:55
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with such low daily volume.. it will take CGO to dump all the shares .. |
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freeme
Elite |
28-May-2009 20:44
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wish u luck.. please short more make it 0.06 best..
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tchoonw
Veteran |
28-May-2009 19:58
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i shorted at 9c today! hope drop to 7c to buy back. | |||||||||||||||
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freeme
Elite |
28-May-2009 18:04
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Fund manager is still dumping their holding slowly. I think can wait at 0.08 or 0.07 to load up for those interested.
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