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Just broke new high today..
likely to move higher..
advise caution as technicals showing signs of utdenviro being overbought
gd luck dyodd
ozone2002 ( Date: 15-May-2013 15:27) Posted:
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xkclzf ( Date: 15-May-2013 17:32) Posted:
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ozone2002 ( Date: 15-May-2013 15:27) Posted:
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ozone2002 ( Date: 15-May-2013 15:27) Posted:
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Just triggered UOB CHART GENIE
Time: 3:16PM
Exchange: SGX
Stock: UtdEnvirotech(U19)
Signal: Resistance - Breakout with High Volume
Last Done: $0.845
United EnviroTech: Will It Make New High Again?
| By Robin Han |
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United EnviroTech (UET) has been going up since October 2012. While the uptrend has been very strong, UET started a consolidation for over two months since the mid of February 2013.
We can see that the trading volume during the consolidation has become lower and lower. This indicates that the sellers have become weaker. Recently, shares of UET made a new high $0.780 on 26 April and the pullback thereafter was weak with very small volume. Also, we did not see the panic selling that can usually be found for a stock that formed a false breakout. It is another confirmation of weak sellers and may result in a continuation of the uptrend.
One may consider buying on weakness if its price falls to yesterday’s low or below. The stop loss will be one tick below the recent low $0.715 on 22 and 23 April. ...Last Done: $0.810...
ozone2002 ( Date: 06-Sep-2012 13:24) Posted:
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just invested today, hope have good luck
final fiance result will come out in the next month, will be good!
rest for long time. now moving. is it trend change or just short term rebound? any news?
Trading Halt.... just wondering is going to be good or bad announment.... anyone able to give some opinion?
Oei hong leong is still in this gem...
Stable flow of recurring income
•
diluted TP of S$0.69
Initiate coverage with BUY, +41% to fully•
income streams gather momentum
Expect earnings breakthrough as recurring•
growth in FY14F/15F, industry averages 13x
Attractive at 8x/7xPE for 75%/21% PATMI•
CB dilution can be potential overhang
Potential upside from acquisitions & expansion> 60% of profits coming from long-term recurring
treatment income.
membrane-based wastewater treatment company, has
been shifting to a stable, recurring and more profitable
earnings profile with the acquisition of operating water
plants in China. By FY14Mar, UENV would have a total
processing capacity of 1.18b m3/day to generate S$25m
or 60% of group PATMI. This treatment income is
recurring for the life of the water concessions (30 yrs).
United Envirotech (UENV), aKey beneficiary of China’s rapid growth in
environmental protection.
UENV should continue to win engineering and
construction (EPC) contracts given the growing demand
for membrane-based water treatment plants in China to
meet stricter discharge limits, which old plants are not
equipped to process. We believe UENV can maintain
~Rmb400m of new EPC orders over the next two years.
Besides treatment services,Earnings CAGR of 46% from FY13F-FY15F.
potential upside from higher utilisation rates. Besides,
we have not incorporated the Phase 2 expansion or
acquisitions.
UENV hasBUY, TP S$0.69.
PE for EPC and DCF valuation (8.6% WACC) for
treatment. We have also assumed full dilution of the
S$136.2m convertible bond to Kholberg Kravis Roberts
At A Glance Issued Capital / Fully Diluted (m shrs) 479 / 793.1
Mkt. Cap (S$m/US$m) 239 / 196
Major Shareholders
Yu Cheng Lin (%) 18.1
Ching Wah Goh (%) 17.8
Oei Hong Leong Peter (%) 17.6
Free Float (%) 46.5
& Co (KKR).
Avg. Daily Vol.(‘000) 1,637
United Envirotech has signed a contract for the acquisition,
upgrading and expansion of an industrial wastewater
treatment plant in Weifang City, Shandong Province, China.
The design capacity of the industrial wastewater treatment
plant is 10,000 m3/day for Phase I. The plant capacity will be
expanded to 20,000 m3/day for Phase II and 50,000 m3/day
for Phase III of the project. The total investment for Phase I is
approximately RMB120m, with a 30-year concession to
operate.