Epure   

Epure

DBSV has started covering with "buy" rating and a target price of $1.08.



"Epure is well poised to capitalize on the opportunities in the waste water treatment sector, underpinned by China's growing awareness on  environment protection," the brokerage said in a note. "With its proven track record, strong management team and reputable brand name, we believe that Epure can differentiate itself by focussing on larger-scale and greater-technical-complexity projects," it said.



It said that Epure's orders, worth 419 mln yuan at the end of the third quarter, provided clear earnings visibility for this year.

 

Probably their management system is electronic-pure (e-pure) as compare to Bio-treat, now still have a scandal of fraud resignation letter case to settle.

 

Hi, anyone know the reason for the surge in price today please ?  Please share. Thank you.

 

I think this counter is at a bargain price to enter market....

 

At any particular point in time, if things cannot become better, it can only become worse, so the argument goes. :)

 

    Interesting, Epure's price actually went up in the morning reaching $0.785. Its price dropped after its announcement of winning the contract at lunch break. How to explain that? Buy on expectation and sell on news?

 

It said its unit Beijing Sound Environmental Engineering Co Ltd won a contract from Hangzhou Municipal Engineering Group Co Ltd, valued at RMB77.5 mln, to supply construction and installation services for a water treatment system.



It said the water treatment system will have capacity to treat 200,000 tons of water per day and is scheduled to be completed in 2007.

 

Seem like has been coming down for the past two days.

 

Thanks Allantanhc. Still got some upside potential.

 

    If I can recall correctly. CIMB has a fair value of $0.83 for this stock.

 

Hi

Anyone knows what is the target price?

 

Hi, can anyone advice if can invest or should wait? Thanks.

 

Waste water management is a must must in China. With so much pollution from growing economy. Price corrected after a run.

 

It said its subsidiary, Beijing Sound Environmental Engineering Co Ltd has formed a joint venture with Shanghai Chengtou Environmental Investment Co Ltd and Shanghai Yuhe Chemical Materials Co Ltd to manage the operations of water and wastewater treatment plants in Shanghai for an initial period of 20 years.



Beijing Sound will have a 20% stake in the venture, Shanghai Chenghuan Water Operation Co Ltd, while Shanghai Chengtou and Shanghai Yuhe will hold 70% and 10%, respectively.



Epure said the investment will be funded from internal resources, although no financial details were given.



"We believe that the ecoindustry is looking towards operations management as its next growth engine. With this JV, we are gaining direct entry into the Shanghai market," Epure's chairman Wen Yibo said in a statement.

 

watch out EPURE, it will shoot today.. It should stay at 0.83 or more today.

 

Hi rickytan,



Once you see a good stock, don't hesitate. Gone up by more than $0.10 already. May have a bit more upside unless there are broker upgrades.



If you hesitated on Ezra, you'll see it go up by > $0.50 already.

 

Rose after a series of married trades (10.1m shares between $0.723 and $0.727) sparked off talks of a foreign fund's purchase.

 

well.... it depends...



I've seen some good IPOs go North for a great long time during the bull run.  Of coz , in this modern world's history, watever goes up must come down one day.

 

IPOs have a bad habit of falling after the hype dies down. 

 

Hi  Nostramudus & fellow members, now that price has reached 80 cents, is it too expensive to invest ? May I have your comments/advice please. Thank you.