Asia Env   

Asia Env 1Q'08 Net Profit Jump 95%

Peer:
Asia Env    CurrP:$0.51     P/E(ttm): 10.61      Yield: 1.96% 
Epure        CurrP:$0.56     P/E(ttm): 20.79      Yield: 1.19% 
Hyflux       CurrP:$3.60     P/E(ttm): 49.49      Yield: 0.90%

*Industry P/E: 32.05

 

Peer:

Hyflux          CurrP:$3.60      P/E(ttm):49.90     Yield:0.90%
Epure Int      CurrP:$0.555    P/E(ttm):20.90     Yield:1.20%
Asia Env       CurrP:$0.49      P/E(ttm):  9.49     Yield:2.04% 

 

 

ASIA ENVIRONMENT HOLDINGS LTD.
(Company Registration No. 200004778C)
(Incorporated in Singapore)
___________________________________________________________________
ENTRY INTO CONCESSION AGREEMENT TO ACQUIRE, EXPAND AND OPERATE A
WASTEWATER TREATMENT PLANT IN XINING CITY, QINGHAI PROVINCE
___________________________________________________________________
Further to the Company’s announcement made on 10 December 2007, the Board of Directors of Asia
Environment Holdings Limited (the “Company”) wishes to announce that, Xining Penyao Wastewater
Treatment Pte. Ltd. (“Xining Penyao”), a subsidiary wholly owned by Xining Water Investment Limited
which is 100% owned by the Company, has entered into the Concession Agreement with Xining City
municipal government to acquire, expand and operate a wastewater treatment plant in Xining City,
Qinghai Province on 13 May 2008.
The project involves the acquisition of an existing wastewater treatment plant with a capacity of
85,000m3/day and expansion of the treatment capacity of the plant to 135,000m3/day. The
concession period is for 30 years commencing from the date of transfer of the assets to Xining
Penyao. The total investment value of the project is estimated to be approximately RMB238 million.
The commencement of construction for the expansion of capacity of the wastewater treatment plant
will have a positive impact on the consolidated net tangible assets and earnings per share of the
Company for the financial year ended 31 December 2008.
None of the Directors or substantial shareholders of the Company has any interest, direct or indirect,
in the above transaction.


By Order of the Board
Wang Hongchun
Chief Executive Officer

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_5DC2426A04F4B9A94825744F00177E8B/$file/Concession_Agreement_for_Xining_Project.pdf?openelement

 

haha thks ;) btw. dividend is $0.02 or $0.011?

 

if @ 0.55 the P/E(ttm)11.42 still look attractive.

Peer:
Asia Env   CurrP:$0.49    P/E(ttm):10.17      Yield:2.04% http://stocks.us.reuters.com/stocks/overview.asp?symbol=ASEN.SI

Epure        CurrP:$0.59      P/E(ttm):23.82   Yield:1.13% http://stocks.us.reuters.com/stocks/overview.asp?symbol=EPIL.SI

Hyflux       CurrP:$3.53      P/E(ttm):55.82    Yield:0.92% http://stocks.us.reuters.com/stocks/overview.asp?symbol=HYFL.SI

 

what would be a gd price to sell now? can it reach 0.55 soon?

 

can it breakout 0.485 today?

 

Peer:
Asia Env   CurrP:$0.465    P/E(ttm):9.81      Yield:2.15% http://stocks.us.reuters.com/stocks/overview.asp?symbol=ASEN.SI

Epure        CurrP:$0.61      P/E(ttm):23.14   Yield:1.09% http://stocks.us.reuters.com/stocks/overview.asp?symbol=EPIL.SI

Hyflux       CurrP:$3.58      P/E(ttm):54.88    Yield:0.91% http://stocks.us.reuters.com/stocks/overview.asp?symbol=HYFL.SI

 

Support became a resistace, a weak one though @ 0.475.

Let's see =)

 

+5.6% now

 

up 3.3%

 

I think it will move up soon

Peer:

Asia Env  $0.45  P/E(TTM) 9.83

Hyflux $3.57  P/E(TTM) 55.66

 

then why price keep dropping?

something must be wrong, right? think about it...

 

Asia Env have 10 projects mentioned in 1Q2008 financial statement are expected to contribute positively to the Group's earning in FY 2008.

In China, the growth of the water and wastewater treatment sector has been dynamic, given the government's aggressive target to arrest a mounting water crisis. Underpinned by the huge demand for a cleaner environment and cleaner water, there is no shortage of projects in China....

 

 

Asia Env has secured a contract worth approx S$8.02 mln to supply fiberglass reinforced plastic pipes for water treatment project in Thailand.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_3BC083456585852248257439003F68FC/$file/Contract_for_supply_of_FRP_Pipes.pdf?openelement

 

Asia Env's 1Q2008 Net Profit jump 95% to RMB11,882,000 compare to last year RMB6,089,000!

SGX announcement : 28 Apr 2008 20:02:57

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_224AA7C24A65F35F48257439004087ED/$file/1Q2008_Financial_statement.pdf?openelement