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United Envirotech
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Octavia
Elite |
03-Jul-2013 09:49
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Counter was up 5.2% yesterday, partly spurred by news of a possible delisting from SGX by peer Sound Global. Recall buyout specialist, Kohlberg Kravis Roberts (KKR) currently holds 16.6% of the water treatment company but could raise its stake to 45.2% and trigger a mandatory takeover if it decides to convert its entire US$113.8m convertible bonds into UENV shares. The 2.5% 2016 convertible bonds carry a conversion price of $0.45/share, and are deep in the money given that UENV is currently trading at $0.91. Given KKR’s expertise in leveraged buyouts and restructuring deals, investors are not ruling out the prospects of KKR making a privatization move on UNEV to extract maximum value from its investment. Given the recent market rout, United Envirotech (UNEV) now trades at a mid-range 14x trailing P/E. This is despite the group’s earnings surging nearly three-fold in its recent FYMar13 results to $29.5m, driven by strong improvements in both its engineering and water treatment businesses. |
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seanpent
Elite |
30-May-2013 11:43
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any alternative and laggard envirotech counter ? | ||||
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ozone2002
Supreme |
30-May-2013 11:28
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i gave an early warning sign to take profit.. DBS issued theirs today.. Utd dropping from $1 to 91.5c.. almost 10% DBS 4Q13 headline net profit of S$6.8m for United Envirotech met our S$6.2m forecasts but fell short if we exclude the S$1.8m of forex gain. Higher contribution from EPC drags margins but growing Treatment supports transformation to a recurring earnings model. Earnings estimates are intact as higher costs offset the increase in turnover. However, higher tariffs and capacity have lifted Treatment’s DCF valuation and therefore, our fair value is lifted to S$0.97 (Prev S$ 0.74). UENV’s share price has done exceedingly well, rising 90% YTD. We believe near term upside will be capped, but acquisitions or new
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guoyanyunyan
Elite |
30-May-2013 11:04
Yells: "uncertainty always exist" |
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United Envirotech: Long-term prospects still sparkling United Envirotech Ltd (UEL) reported its FY13 results, with revenue jumping 117% to S$185.0m, or just 2% above our forecast, while net profit surged 182% to S$29.5m, and was about 1.6% ahead of our estimate. UEL also declared a final dividend of S$0.005/share. Going forward, management intends to further expand its recurring water treatment revenue by acquiring or investing in more water treatment plants. We believe UEL has the financial means to achieve its goal after its recent fund raising exercises. We are also positive on the company's long-term prospects. Maintain BUY with a higher S$1.03 fair value (versus S$0.90 previously), still based on 13x FY14F EPS. (Carey Wong) ...last done: $0.915... |
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dhalinx
Member |
28-May-2013 09:12
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going up. but volume is missing.... not very reassuring. need to be careful. | ||||
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tea444u
Master |
28-May-2013 00:27
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target price 1 dollar can reach you all think? i think perhaps this one can got to a dollar plus?
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xkclzf
Member |
27-May-2013 15:38
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Ok thanks
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ozone2002
Supreme |
27-May-2013 14:25
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Don't B greedy.. set ur target price, profit n B happy :) gd luck dyodd |
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tea444u
Master |
27-May-2013 14:22
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he sold lah... me still hold...swiber oso..swiber sleeping today..
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xkclzf
Member |
27-May-2013 13:14
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you seem like earn the profit of every stock you invested. very lucky I still hold this and kruze. seem like trend still up. |
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ozone2002
Supreme |
27-May-2013 13:10
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back up to previous high.. may want to take profit.. gd luck dyodd |
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ozone2002
Supreme |
25-May-2013 09:45
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went as high as 95.5.. after breaking new high and moved further before correcting to lowest 82 and settling at 89 as indicated technicals are overbought as stated in my previous post.. waiting for a better price for entry gd luck dyodd
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Ribbon
Member |
22-May-2013 15:09
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Just sold off, earned a small cup of coffee, not greedy. Thanks for the great tip always! Cheers!! 
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seanpent
Elite |
21-May-2013 11:58
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is " envirotech" is the theme now ? is AdvSCT also into " envirotech" ? | ||||
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bishan22
Elite |
21-May-2013 11:49
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No turning back. $1 stock. 
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Salute
Master |
17-May-2013 15:34
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there will be result out soon. last year was 21 or 29th May. Dr Lin is good in expanding it's water treatment and he is good in collecting debt. attended it's AGM, even the big water treatment admire his capability/networking in collecting money. |
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ozone2002
Supreme |
17-May-2013 14:59
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DBS price target is $0.92 Price Target : 12-Month S$ 0.69* (S$0.92**)Potential Catalyst: * based on fully dilution of convertible bonds into 302m shares
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sk6666
Veteran |
17-May-2013 14:54
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Bro ozone, this one also under your radar? Any t/p? | ||||
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ozone2002
Supreme |
17-May-2013 14:51
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87.5 new high gd luck dyodd |
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tea444u
Master |
15-May-2013 22:14
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thank you
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