Epure International

Bintang,

I missed your post on this.. due to busy with my own projects.. :(

Sad.. hope will have a little bit of time to check out the posts here..

rgds,

star-trader..

Hi star-trader , check Rotary immediately , its Bollinger band is going to expand !

Regards , -------------------------------Bintang .

Bintang,

Thanks for your reply.. I did one counter at my own blog few days back but now already "milking all the way"...on short term basis :) but already let go off, I am still learning how to "trail the stop"..

Yes, on Epure, you are right on track..

rgds, star-trader

Hi star-trader , welcome home , n all are happy to see u here again . From your points of view , Epure is back on the uptrend again ,the volume was high yesterday , momemtum is gaining , DMIs are positively placed , ADX is turning up again , breaking 63 cents would move up to 67.5 cents easily . I m looking  foreward to read your comments on any counter again .

Regards , Bintang .

Bintang,

 I am back..Will post here and also continue to post at my own blog for TA analysis and learn from each other. I saw momentum/bullish uptrend for Epure. Short-term to mid-term should be fine. Are we getting "pure water" tomorrow? If SSE allows that, we will get into that.

SOBAYOR..

 rgds, star-trader..

P/S: my blog http://star-trader.blogspot.com

U referring to this? Saw it in SIAs website..

Epure International: Buy (Phillip Securities, 27 Aug)
Epure's revenue has increased by 26.7% or RMB63.9m to RMB303.4m in 2Q2009 from RMB239.5m in the same period last year. The increase in revenue was mainly attributed to (1) contribution in equipment sales by Hi-Standard of approximately RMB29.6m and (2) higher revenue from major turnkey projects. Gross profits were reported to increase by 19.3% from RMB77.1m in 2Q2008 to RMB92.0m in 2Q2009. Gross margins took a slight dip of 1.9ppts from approximately 32.2% for 2Q2008 to 30.3% for 2Q2009. The slight dip in gross margins was mainly due to the nature of turnkey projects, where revenue is recognized on the percentage of completion basis. The yearly margins are therefore more reflective rather than the quarterly fluctuations, where its yearly margins are generally above 30%. The net profit for the Group came up to RMB66.7m in 2Q2009 compared to RMB52.1m in the same period last year, an increase of RMB14.6m or 27.9%. The Group's engineering, procurement and construction ("EPC") segment saw a significant breakthrough when in August 2009 it ventured into its first overseas deal in Saudi Arabia. The contract, to be signed with government-linked Marafiq, is worth approximately RMB562m and opens doors for the Group in terms of water and wastewater treatment services, particularly in the Middle East. As we have obtained a clearer picture on the project completion dates, we have now factored in the BOT income stream for three of their BOT projects in our FY2010 revenue forecast, namely the two Xi'an BOTs and the BOT at Guangxi. This has bumped up our FY2010 earnings forecast significantly to about RMB1.6b. We have thus revised our fair value upwards to S$0.71 (previously S$0.55). We are still bullish on the China water demand play and now with the Middle East in the picture, the Group is likely to open more doors in that region.