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841-860 of 1730
Ok noted.
Bintang ( Date: 26-Nov-2009 19:49) Posted:
Hi dealer0168 , wait to see the bottom of this counter , I could not predict where would be the rock bottom .
dealer0168 ( Date: 26-Nov-2009 16:15) Posted:
| Been waiting fr this moment. Btw Bintang, i rem u mentioned that there will be a strong rebound at 0.25. Am i right |
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Hi dealer0168 , wait to see the bottom of this counter , I could not predict where would be the rock bottom .
dealer0168 ( Date: 26-Nov-2009 16:15) Posted:
Been waiting fr this moment. Btw Bintang, i rem u mentioned that there will be a strong rebound at 0.25. Am i right?
Bintang ( Date: 26-Nov-2009 08:46) Posted:
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UniEnvtech broke the strong support at 30 cents yesterday , directional movement index is negatively placed , ADX is going sideway . RSI is at 37 n shows its weak trend ahead . 26.5 cents could be reached very soon . |
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U ppl r so "god" in the TA buz! Gd luck! Let see...
Been waiting fr this moment. Btw Bintang, i rem u mentioned that there will be a strong rebound at 0.25. Am i right?
Bintang ( Date: 26-Nov-2009 08:46) Posted:
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UniEnvtech broke the strong support at 30 cents yesterday , directional movement index is negatively placed , ADX is going sideway . RSI is at 37 n shows its weak trend ahead . 26.5 cents could be reached very soon .
Bintang ( Date: 10-Nov-2009 10:49) Posted:
| 26.5 cents must be the reasonable entry point |
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weldone on ur TA.. nw below 30cts liao.. wait for it to hit 265 den consider
Bintang ( Date: 26-Nov-2009 08:46) Posted:
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UniEnvtech broke the strong support at 30 cents yesterday , directional movement index is negatively placed , ADX is going sideway . RSI is at 37 n shows its weak trend ahead . 26.5 cents could be reached very soon .
Bintang ( Date: 10-Nov-2009 10:49) Posted:
| 26.5 cents must be the reasonable entry point |
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i am waiting for this bugger to drop below 15c!
Bintang ( Date: 26-Nov-2009 08:46) Posted:
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UniEnvtech broke the strong support at 30 cents yesterday , directional movement index is negatively placed , ADX is going sideway . RSI is at 37 n shows its weak trend ahead . 26.5 cents could be reached very soon .
Bintang ( Date: 10-Nov-2009 10:49) Posted:
| 26.5 cents must be the reasonable entry point |
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UniEnvtech broke the strong support at 30 cents yesterday , directional movement index is negatively placed , ADX is going sideway . RSI is at 37 n shows its weak trend ahead . 26.5 cents could be reached very soon .
Bintang ( Date: 10-Nov-2009 10:49) Posted:
26.5 cents must be the reasonable entry point .
freeme ( Date: 10-Nov-2009 10:47) Posted:
| bro i understand that.. so ur view is nw still not a right time to go in right? Any recommended point to take note?
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market seems to be still very cautious after the APEC meeting .... hopefully this counter will move upward in the next couple of months.
31.5 to 32.5 with huge lots 1,000 & 2,600 lots @ 31.5 & 32 respectively..
vested @ low 30c some time ago..
Current projects it got, will definately help Utd Envir to get higher revenue & profit next year.
So get it while it is still cheap.................
And remember to check the stock yrself when place BET. This one definately a good bet.
Cheers.
Still too cheap at this price. Hope this baby wake UP soon.
Cheers.
wat i like abt this company is that..
it has recurring income from the wastewater treatment plants every year!
how cool is that..everyday just shake leg n collect $$.. good business model.. i also want to own ..keke
Agreed many of them also buy in at placement price of 0.425cts leh
ozone2002 ( Date: 11-Nov-2009 13:22) Posted:
low 30s just accumulate..
now utd is under the spotlight of the fund managers after the CEO had a briefing with analyst and fund mgrs
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low 30s just accumulate..
now utd is under the spotlight of the fund managers after the CEO had a briefing with analyst and fund mgrs
| UNITED ENVIROTECH: Rising recurring income |
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| Written by Leong Chan Teik |
| Tuesday, 10 November 2009 |
Dr Lin Yucheng, CEO & Chairman, United Envirotech. Photo by Sim Kih
UNITED ENVIROTECH is one of the earlier S-chips to list on the Singapore Exchange. It was listed in 2004 and has sailed through the years with its reputation intact while some S-chips ran into corporate governance and accounting issues.
The company isn’t exactly an S-chip. Its founder, CEO and chairman is Dr Lin Yucheng, who has been a Singapore citizen since 1993.
I first met Dr Lin around the time of the company’s IPO.
I learnt then that he grew up in Fujian province, received a Bachelor of Science degree and won a government scholarship to pursue a PhD in the Imperial College of Science and Technology in London.
“I thought I would return to China to be a university professor,” he told me. But one day, he found himself at an interview arranged by Singapore’s Economic Development Board.
And that’s how, in 1990, he ended up in Singapore where, after a couple of years, he set up a joint venture that later metamorphosed into United Envirotech.
The company is a leader in advance membrane technology, especially Membrane Reactor (MBR) technology, in treating wastewater from China’s chemical and petrochemical industries.
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| (S$’000) |
1H10 (Sept-end) |
1H09 |
% change |
Revenue
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20,134 |
23,240 |
-13.7 |
| Net profit |
4,210 |
2,467 |
70.7 |
| Net margin |
20.9% |
10.6% |
10.3 basis points |
| Net asset value/share |
21.62 cts |
20.50 cts |
5.5 |
| Dividend |
- |
- |
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This type of wastewater is harder to treat than normal wastewater discharged by households.
A key advantage of MBR technology: the treatment plant needs just 20-30% of the spatial needs of a conventional plant.
United Envirotech is a key player in the MBR technology space. It is recognized as one of only 7 international MBR companies in the world, along with big names like GE Water & Process Technologies, and Siemens.
United Envirotech has achieved outstanding projects such as its plant for Sinopec Luoyang, which was completed in 2004, and was the largest industrial wastewater treatment plant using MBR in Asia then.
****
At a briefing last Friday for analysts and fund managers, Dr Lin highlighted a couple of things about United Envirotech currently, including:
* Record order book: It now stands at S$160 m with engineering projects to be completed within 18 months, which is an average of S$53.3 m per half year.
That’s significant when compared with the company’s recent revenue. In FY 09 (ended March), the 12-month revenue was S$42.9 million. The revenue inflow was at about the same pace in 1H FY10 at S$20.1 m.
These revenue figures comprise contributions from both turnkey EPC engineering services and recurring treatment businesses.
Model of Guangzhou plant that will be China's largest MBR project - to be built by United Envirotech.
* China’s largest MBR project (picture above): United Envirotech, which has just announced this project, will build the plant in Guangzhou to treat municipal wastewater.
Highlighting the attractiveness of MBR technology, Dr Lin said the plant would be built on less than 10% of the area occupied by a conventional plant, which translates into lots of land savings for the local government.
The plant will be completed in 8-9 months, instead of the normal 18 months, as United Envirotech has committed to complete it before the start of the Asian Games in Guangzhou next November.
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Type
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Project |
% held by UEL |
Design capacity (per day) |
Current capacity (per day) |
Investment value (RMB m) |
Concession (years) |
TOT
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Liaoyang |
100 |
200,000 m3 |
150,000 m3 |
180 |
30 |
TOT
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Xintai |
100 |
30,000 m3 |
30,000 m3 |
36 |
30 |
TOT
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Xintai |
100 |
50,000 m3 |
40,000 m3 |
45 |
30 |
BOO
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Nansha |
40 |
10,000 m3 |
3,000 m3 |
85 |
BOO |
TOT
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Dafeng |
50 |
15,000 m3 |
7,500 m3 |
72 |
30 |
* The total current capacity is 230,500 cubic metre, or 75.6% of the 305,000 cubic metre design capacity. There is thus significant upside when the current treatment capacity is expanded.
* The Nansha and Dafeng plants treat industrial water. They incur relatively high investment costs but United Envirotech charges higher rates for industrial water than for treating municipal water (in Liaoyang and Xintai).
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* Rising recurring income: United Envirotech has 5 wastewater projects (above) which provide recurring income.
Another 2 projects in Heilongjiang and Liaoyang which were secured in Sept and October will start contributing recurring income when completed in 2010 and 2011, respectively.
For an idea of the size of the recurring revenue, consider that in Q2 (ended Sept 09), it amounted to S$3.2 million (while engineering contributed S$8.1 million). If annualized, the recurring revenue comes up to S$12.8 m.
This figure will increase over time when:
a) the capacity of the treated wastewater rises;
b) United Envirotech increases its charges according to a formula agreed to with its clients, and completes the upgrading of plants.
c) United Envirotech secures or completes the construction of more projects, and operates the plants.
Glossary:
* TOT is Transfer-Operate-Transfer: Company buys the property and operational rights of a facility, and receives his returns through normal business operations within a concession period. At the end of such period, the company transfers the facility to its original owner for no cost.
* BOT is Build-Operate-Transfer: A company finances, designs, constructs, and operates a facility for a specified period of time, after which the ownership is transferred back to the owner. During the operating time, the company charges facility users fees.
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result good also cannot cheong.. i guess waiting for the right time...
if goes to 30cts maybe spread n buy in phases.. if hit 26 buy again.. like that should be fine i guess without using up all ammo
most high growth company will throw most of the money back onto the company.........so it depend wether one look at the prospect of the company....is it worth the wait for the capital growth...or look at it as a D paying company lor.........most high growth company paid little or no D at all......wat is important i think is look at the long term potential lor.....hehehe my view only......
MikeL2009 ( Date: 10-Nov-2009 13:58) Posted:
They don't pay dividend at all. I don't see anything for 2009. Like that how can their stock price move?
They pump all the profits into growing their business or what? Can anybody comment? |
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They don't pay dividend at all. I don't see anything for 2009. Like that how can their stock price move?
They pump all the profits into growing their business or what? Can anybody comment?
What ROCKETED from a low base will usually tumble back from its HIGH BASE.
SUSTAINABILITY is the KEY!
Is this Profit Margin SUSTAINABLE?
Will the Cost and Overhead RISE?
Will the Price Rise and be Competitive?
Is the market SATURATED?
dealer0168 ( Date: 05-Nov-2009 19:38) Posted:
| United Envirotech posts 182.4% rise in net to $3.1 million in 2Q |
Tags: United Envirotech
| Written by The Edge |
| Thursday, 05 November 2009 18:57 |
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Mainboard-listed United Envirotech, the membrane-based water and wastewater treatment solutions provider, says in net profit for the three months ended 30 September 2009 (2QFY2010) rose 182.4% year-on-year to $3.1 million.
The group also recorded a 25.2% y-o-y increase in revenue amounting $11.3 million. The improved set of results in 2QFY2010 was mainly due to higher engineering and recurring income for the period.
In line with a higher proportion of revenue recognised from the design stage of the newly secured contracts as compared to a higher proportion of revenue recognised from the construction and installation of the projects during the previous period, the group recorded a 16.2% y-o-y decrease in materials purchased, consumables used, and subcontractor fees to $4.3 million in 2QFY2010 from $5.1 million in 2QFY2009.
Due to new contracts secured during the period, United Envirotech says the group incurred higher costs associated with design fees and pilot testing. As such, other operating expenses saw a 58.6% y-o-y increase to $1.9 million from $1.2 million in 2QFY2009.
The group turned in a net profit for the period of $3.1 million in 2QFY2010, representing a 182.4% y-o-y increase. Earnings per share correspondingly increased y-o-y by 178.6% to 0.78 cents, as compared to 0.28 cents in 2QFY2009.
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utd is in media spotlight..
price will start moving upwards
