Ooo actually i'm not a Epure investor. Emm but analyst report can be used as a reference.

Do yr own study as well.

Latest TP updates for Epure investor:

Epure International: Buy (DMG, June 24)
Epure is investing in a second build-operate-transfer (BOT) project in Shaanxi Province. The project is expected to have a treatment capacity of up to 30,000 tonnes of wastewater per day. The investment would cost approximately RMB46m and the concession period is 25 years. We estimate the project would commence around 2H10. As this project is not expected to impact Epure's earnings in FY09, we are maintaining our forecasts. This new project would bring the total number of BOT projects invested by Epure to six. We note that this latest project is the second BOT project secured in Shaanxi province. Similarly in Xi'an province, Epure has secured two projects so far. We remain confident that Epure's strong reputation and track record will continue to help them secure project wins in existing and new provinces. As evidenced by the RMB4t stimulus package, environmental issues remain a priority for the Chinese government in the long run. With the positive industry outlook, we are expecting continued growth in revenue from Epure's project wins. We are maintaining our estimates for revenue and earnings. Earnings is estimated to be RMB252.2m for FY09 and RMB299.8m for FY10. Applying a P/E of 10x to Epure's FY10 earnings, we derive a target price of S$0.51. We maintain our BUY rating given its strong order books of RMB800m (as at end Dec 08).