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Epure International
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yipyip
Master |
08-Oct-2009 23:28
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Still flowing well, accumulate DBS 8/10/09 Reiterate Buy. Notwithstanding solid fundamentals, Epure was sold down with the broader market recently. We see recent price weakness as opportunity for investors to accumulate the stock. Epure currently trades at 11x FY10, making it among the cheapest water stock regionally despite having one of the strongest track record in the sector. Our TP of S$0.71 translates to mid-cycle historical average of 14x P/E. • On target to meet expectations; over RMB1b orderbook extends visibility till 2011 • Catalysts from potential dual/re-listing, capital recycling exercise • Reiterate Buy with 22% upside to TP of S$0.71 RMB1.4b of EPC backlog presents visibility until 2011. YTD, Epure has secured RMB1028m of EPC contracts including a RMB562m win in Saudi Arabia. We estimate that Epure’s backlog is about RMB1.4b now. We forecast that 31% and 44% of this orderbook would be converted into EPC revenue in 2H09 and over FY10-11 respectively. Given the robust water demand globally, Epure’s orderbook should continue to grow at a healthy pace. |
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yipyip
Master |
08-Oct-2009 12:14
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+0.015 now! 0.595 Good | ||||
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ozone2002
Supreme |
08-Oct-2009 09:55
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60.5! oh so pure :) | ||||
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ozone2002
Supreme |
06-Oct-2009 10:50
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56!.. nice nice.. | ||||
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yipyip
Master |
06-Oct-2009 09:52
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ozone2002
Supreme |
06-Oct-2009 09:04
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think i saw a news abt a JV in the announcement.. whoever dumped yesterday must be very sore.. 55c! very pure :)
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soloman
Master |
05-Oct-2009 20:00
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when it goes down, it more down than others |
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ozone2002
Supreme |
05-Oct-2009 16:26
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53.5! oh yeah!..
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eurekaw
Master |
05-Oct-2009 15:43
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Ho Solomon, Mind to enlighten why kept calling a dump of this stock? |
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soloman
Master |
05-Oct-2009 15:41
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dump dump dump |
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ozone2002
Supreme |
05-Oct-2009 15:34
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now 53.. what goes down must go up.. :) n vice versa apply the law of newton's 1st law |
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soloman
Master |
05-Oct-2009 15:15
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dump | ||||
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ozone2002
Supreme |
05-Oct-2009 15:12
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OVERSOLD!..will bounce back up again.. | ||||
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soloman
Master |
05-Oct-2009 15:06
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dump man dump the stock these are the stock that go down big time when tide turns - analyst |
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watergate
Member |
05-Oct-2009 14:29
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Epure is sinking hard! | ||||
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freeman_5js
Senior |
01-Oct-2009 22:08
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juz came back fro Bnagkok for a short holiday n was surprise by tt sudden drop of tis counter. any reason ? |
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yipyip
Master |
20-Sep-2009 13:36
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Wed, 9 Sep 2009, OCBC Investment Research More upside potential on positive breakout Key resistance breached. Epure could be poised for more upside in the weeks ahead after clearing the $0.620 key resistance on heavy volume yesterday; we see this as a significant break given the numerous failed attempts since Mar ’08. Indicators turning bullish. With the RSI indicator rebounding strongly above the 50% mark and the MACD indicator initiating a bullish crossover yesterday, they support our view that the upside momentum is building up now. Initial resistance at $0.705. The next resistance is at $0.705 (key support-turned-resistance level and upper boundary of 6-month uptrend channel), ahead of the $0.830 (peaks in Oct ‘07). Immediate support at $0.620. Below the immediate $0.620 support, we peg the subsequent support at $0.565 (resistance-turned-support), followed by $0.465 (resistance-turned-support). |
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thomas_low
Veteran |
17-Sep-2009 21:56
Yells: "Gong Xi Money Made" |
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Pardon my Bahasa, I think you are a star ! haha | ||||
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Bintang
Elite |
17-Sep-2009 21:53
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Hi thomas_low , u r welcomed , n I m not a star , just translate from what the chart is showing . If Epure is to achieve what the analyst had predicted , it must break the resistance at 66 cents with large volume ,because this obstacle was created during the last bull run .
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thomas_low
Veteran |
17-Sep-2009 21:40
Yells: "Gong Xi Money Made" |
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Thanks for the update Bintang, you are a star!
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