United Envirotech

United Envirotech

Postby winston » Wed May 28, 2008 12:03 pm

Singapore Hot Stocks-United Envirotech jumps on share sale

SINGAPORE, May 28 (Reuters) - Water treatment firm United Envirotech soared more than 26 percent to a four-month high of S$0.285 with over 6.6 million shares traded after it raised funds from a new shares sale to a business tycoon.

The company sold 66.4 million new shares to Oei Hong Leong Foundation and its partly-owned consumer retailer Novena Holdings at S$0.21 a share -- a 6.7 percent discount of its last closing price of S$0.225.

"This is a low profile counter but it is in the water treatment sector, which is quite attractive. Oei Hong Leong is quite a savvy investor. When he buys, other investors follow," a dealer said.
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Re: United Envirotech

Postby littlecupid » Wed May 28, 2008 1:45 pm

Had a 1 bagger on this 2 years back. Bought it ard 14 cents and within a month flew to 27 cents+.

It has some propriety membrane technology used in petrochemical industries. Gestation period for bidding for projects seems quite long. According to some research, it has some unique technology and barrieers of entry for those customer seems quite high.

Currently have a small position in Darco which has a very big order book.

On my experience, though they may be in a "sexy" industry, these water treatment companies are rather unpredictable. Project delays, project unsuccessful, municipal delay of payment, sufficient cash to raise for big projects etc are some risk to be considered.
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Re: United Envirotech

Postby tinpeng » Wed May 28, 2008 4:20 pm

I damn lucky... bought at 25c last week today contra at 28c... bought back at 25.5c contra at 26.5c...

I read in the sgx announcements that its Membrane Bioreactor is the future of NeWater... Co is quite confident on its technology... heard that the chairman is a techie... my friend who is from private equity bought into the co last year...
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Re: United Envirotech

Postby helios » Thu Jun 12, 2008 11:25 am

Proposed Subscription of Shares by Novena Holdings and Oei Hong Leong Foundation

Further to the announcement made on 27 May 2008 in relation to the proposed subscription (the
“Subscription”) of an aggregate of 66,266,000 new ordinary shares in the capital of the Company (the “New Shares”), the Board of Directors wishes to announce that the Singapore Exchange Securities Trading Limited (“SGX-ST”) has granted its in-principle approval (the “In-Principle Approval”) for the listing and quotation of the New Shares on the Official List of the SGX-ST.
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
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Re: United Envirotech

Postby helios » Fri Sep 26, 2008 9:40 pm

Increase in Investment in Novo Envirotech (Guangzhou) Co. Ltd

26-Sept - the Company has increased its investment in the paid-up capital of its wholly-owned subsidiary, Novo Envirotech (Guangzhou) Co. Ltd by an additional US$2million. Subsequent to the increase, the total paid up capital of Novo Envirotech (Guangzhou) Co. Ltd is US$3.2 million.

The additional investment of US$2million in the capital of Novo Envirotech (Guangzhou) Co. Ltd is to finance the engineering, procurement and construction of our upgrading project in our Xintai plant and was funded by the proceeds from the last share placement during February 2007.

Source: http://unitedenvirotech.listedcompany.c ... 819D.1.pdf
[Finance disclaimer: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought regarding investing of any stocks/ funds and/or whatsoever. The author has no vested interest in the mentioned stock at the time of writing.
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Re: United Envirotech

Postby winston » Mon Sep 28, 2009 7:21 pm

United Envirotech wins RMB245m BOT water treatment deal By ANGELA TAN

SINGAPORE - United Envirotech Ltd said on Monday that it has secured a contract of RMB245 million (US$36 million) to build and operate a 200,000 m3 per day drinking supply and wastewater treatment plant under a Build-Operate-Transfer (BOT) arrangement in Liaoyang City, Liaoning Province, PRC for a concessionary period of 30 years.

The project is expected to bring in an estimated revenue of RMB1.4 billion over the concession period.

Source: Business Times Singapore
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Re: United Envirotech

Postby winston » Tue Sep 21, 2010 8:51 am

Not vested

RESEARCH ALERT-DMG ups United Envirotech target to S$0.66

SINGAPORE, Sept 21 (Reuters) - DMG & Partners has upgraded its target price for Singapore-listed Chinese waste water treatment firm United Envirotech to S$0.66 from S$0.53 and kept its "buy" rating.

DMG & Partners has raised its 2011 earnings forecast for United Envirotech by 25.2 percent to S$24 million on the back of its latest project win, which is expected to boost its engineering, procurement and construction order book to S$140 million.

The firm won a contract worth 200 million yuan to build a wastewater treatment plant in Neijiang, China. [ID:nSNZdJmyG] "Macro outlook of the wastewater treatment industry in China remains bright," said DMG in a report.

Shares of United Envirotech have gained 57 percent so far this year to close at S$0.495 on Monday.

Source: Charmian Kok; Reuters
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Re: United Envirotech

Postby winston » Mon Oct 18, 2010 6:58 pm

Not vested.

United Envirotech, the first water company to list TDR has priced its TDR at an equivalent price of 53 cents or 8% premium to SGX last traded price of 49 cents.

The first day premium is in line with that of the other TDR candidates.

However, moving forward, the company fundamentals would play a more significant role in
helping Singapore investors decide if its valuations should be closer to its TDR's valuations.

For example, Yangzijiang has narrowed its SGX equivalent price discount to only 3% compared to Oceanus whose SGX price discount is a significant 35% while China Taisan is 32%. Super's price discount is about 14%.

Source: Lim & Tan
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Re: United Envirotech

Postby winston » Fri Oct 22, 2010 7:09 pm

Not vested. From DMG:-

TDRs trading at 46% premium to Spore shares

United Envirotech's (UE) Taiwan Depository Receipts (TDRs) had a strong start on the Taiwan Stock Exchange, trading up 6.7% on its opening. This is equivalent to a significant 46% premium over its Singapore shares.

The stock has also performed well since our initiation in Jul, leaping up by 28%. With a positive macro outlook and a strong pipeline of projects, we maintain BUY, with a new TP of S$0.635 (previously S$0.66), due to mild dilution from the issue of new shares.

http://www.remisiers.org/cms_images/22O ... rotech.pdf
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Re: United Envirotech

Postby winston » Mon Aug 01, 2011 10:06 am

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UPDATE 1-KKR invests $114 mln in United Envirotech convertible bonds

* KKR bets on China's fast-growing waste-water treatment industry
* KKR's conversion price at 29% premium to UEL's Friday close
* UEL shares jump 8.6 pct (Adds details of deal, background, UEL shares)

HONG KONG, Aug 1 (Reuters) - Kohlberg Kravis Roberts has agreed to invest $113.8 million in convertible bonds of Singapore-listed Chinese water treatment firm United Envirotech (UEL) , as the U.S. private equity fund seeks to tap the mainland's fast-growing water treatment industry.

The 2.5 percent coupon convertible bond investment will have a five-year tenure and could be converted into equity shares at a conversion price of S$0.450 per share, a 29 percent premium to UEL's Friday close.

UEL shares jumped 8.6 percent on the news.

UEL, with a market value of $139 million, provides engineering services using membrane technology to municipal and industrial waste-water treatment projects in China. It also operates a portfolio of waste-water treatment plants across China.

China provides huge potential for growth in water-related business, as the per capita water resources in China are less than one third of the world's average, according to the latest World Bank statistics, the companies said in a joint statement.

"In addition to bringing in capital to support our growth, KKR's global network, strong operational capabilities and extensive local knowledge will add significant value to our future development," Lin Yucheng, Chairman and CEO of UEL, said in the statement.

KKR's planned investment in UEL comes at a time when several overseas listed Chinese companies have come under intense scrutiny due to alleged accountancy-related frauds. As a result, shares in some of these companies have taken a beating, making them attractive to potential buyouts, banking sources say.

By applying advanced membrane technology in waste-water treatment and recycling, companies like UEL provide a viable solution to water shortage and pollution problems, supporting sustainable and environmentally friendly development of the economy, the statement said.

Stirling Coleman Capital Limited is the arranger for the transaction and Credit Suisse (Singapore) Limited is the financial adviser of KKR.

Source: Reuters
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