Asia Env   

ASIA ENVIRONMENT HOLDINGS LTD

Can buy this shsre? 6 cents only.

 

it is making lesser than Q207, due to the project schedule, since their project revenue is dependent on the % of completion. AE always has a steady flow of income from the operation and maintenance of completed project. This will grow upon completion of more BOT project. The panic selling could be due to (1) revised down of 2008 earning as they may not get the no. of projects that they had forecasted for (2)their cash position. If not for the interest bearing loan that they took, their cash will be lower than end Q207. I'm not good in interpreting the financial report. So, hopefully did not missed out anything critical or mis-interpret anything. But I still believe this share is good to hold for long term. Just look at who are the major shareholder and they had snapped up more shares rather than dumping it.

 

Hmmm. Tis is strange.. Did AE make a loss in Q2? I tot it's a slightly smaller profit not loss right? Correct me if i'm wrong.. My personal opinion: Higher operating costs (high oil prices) coupled with less projs (possibly due to tighter control of lending) are eroding it's profit. But fundamentally, the company is doing fine isn't it? Since they still have projs on hand n the completion of others means that profit will continue flowing in.. Please feel free to share your opinions/correct me.

 

Asia Env  was the darlings of many forward looking Analyst ...with buy calls of  target price as high as  $1!

If nothing wrong with company ...could mkt sentiments have driven the price down by 50% just after half time results ?????

Maybe ...someone knew something ..maybe it's irrational fear   i hope too to collect some at 20c & below  if there is nothing wrong ... but it just called off the Blagadesh project like that  recently..could it also called off the others ?

 

 

 

Fishcake      ( Date: 13-Aug-2008 10:19) Posted: i believe this is just panic selling. This co. still have many projects and with new one secured in Jul, Q3 should post a better result.

 

i believe this is just panic selling. This co. still have many projects and with new one secured in Jul, Q3 should post a better result.

 

It could be due to panic selling? Cos the price recovered quite fast thou still down quite abit.

 

Asia Env hit 20c this AM ...is this an opportunity to buy  or company in trouble ? 

theholidayfarm      ( Date: 12-Aug-2008 17:13) Posted: any idea this huge drop will stay for long?

 

any idea this huge drop will stay for long?

 

I wonder why is this share dropping so much today.

Its FY2007 NTA is about S$0.35, and EPS is $0.05. With today's price at $0.41, it's trading at less than 10x. Compare to Hyflux whose EPS is only $0.06 and its share price at $2.90, I wonder why Asia Env can't attract investor, other than Atorka Group, Tee Yih Jia Food Manufacturing Pte Ltd and Max Ocean Fund.

Today, they announced cancellation of Blangdesh project, but they were awarded 6 BOT projects in Jiangsu province. They have so many project in China, and each comes with concessionary period of at least 20 years. They had completed many projects in China and I believe they will continue to win more....so why it's being valued so lower???

 

Asia Environment bucks falling market, as enthusiasm over partnership with YTL Corp overshadows dilution worries from share placement; share +1.1% at $0.465 vs FTSE ST All Share down 1.7%. Company says in statement it plans to issue 50 million new shares to Malaysian water fund KSC, also announces framework agreement with YTL to collaborate on future water projects in China. DBS Vickers says share issue represents potential dilution of 13%, cuts target price to $0.64 from $0.70. But maintains Buy rating, says proceeds will increase company''s war chest, YTL tie-up positive, "with YTL''s technical expertise and stronger financial positioning from the placement, Asia Environment can be more aggressive in bidding for sizable projects in China to accelerate growth." But thin traded volume suggests near-term upside likely capped at convergence of 10-, 30-day moving averages at $0.47.

 

AsiaEnv presently trades at 9.2x FY08 and 7.5x FY09 earnings vis-à-vis prospective net profit growth of 15-20% over the next 2 years. DBS's fair valuation of $0.70 is pegged to 12x blended FY08/09 earnings, in line with peers’ average forward PER multiple. Key risks will be project execution and delays.

 

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

 

FY2007 Results Presentation

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AAEB9EDA46C33789482573F50013F934/$file/FY2007_Results_Presentation.pdf?openelement

 

Financial Highlights (RMB million)
                                   FY2007               FY2006             %changes
Revenue                       463.5                   272.5                70
Gross Profit                 155.0                   119.3                30
Profit Before Tax          94.7                     74.8                27
Profit After Tax            80.2                     66.4                21 

 

hi. would u mind sharing ur opinions on this company? issit a good buy?

 

Is the indicator due to Atorka Group hf increase there profile on 21 Dec From 11.97 % To 13.06 % .

They have been active for the month of Nov-Dec getting hold of Asia env stock from the market.

I do not have such tools.

Thanks for your notice too.

 

Alligator: my stock screener doesn't say anything about buying or selling Innovalues at the moment...but wad i can do for you is help ya analyze a bit...here are my views...but it's personal...not an indication to buy/sell ok?

• Volume seems to be coming back for the past 3 days...good indication
• Mixed signals from TA...so can't really confirm the recent short uptrend

These are my honest opinions...sorry unable to give you a clear directions as the charts doesn't lead me much any where for Innovalues too...

Whereas Asia Env...it's advisable to sell on Monday...if u engage in CFD, might wanna short-sell this bearish looking counter...tt's based on wad the software and my personal TA indicators tell me... juz a basic courtesy to inform ya guys~


 

 

hello cyjjerry85,

i read your post with high interest on how your stock screener.. I am not good at indicator, Do yu mind help me to do screening on Innovalu because I plan to buy after seeing it went down to 5-year low and begin to pick up, can you help confirm if Innovalu 's indicators are going up??

Thanks in advance 

 

which day trading are you refering to?

 

i used to have this counter quite a long time ago...sold off...just an advise of caution for anyone still holding this counter...

using my stock screener...i have screened out 3 very strong indicators tt tell of an impending downtrend...and it seriously don't look good...it's the first time i saw so many sell signals at one go