CT Environmental Group (1363)

CT Environmental Group (1363)

Postby winston » Tue Jul 28, 2015 7:53 am

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Last year, it earned a net profit of HK$425 million, up 89.3 percent from 2013.

Credit Suisse in a report raised its 2015-17 earnings forecast for CTEG by 6 to 9 percent to reflect the company's recent accelerated new projects.

CTEG's target price was raised to HK$11.50, and it was given an outperform rating.

Source: Dr Check, The Standard HK
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Re: CT Environmental Group (1363)

Postby winston » Wed May 18, 2016 9:44 pm

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CT Environmental (1363 HK)

CT Environmental Group (CTEG) is a leading wastewater treatment company in China.

It previously focused on the industrial wastewater treatment market, specializing in treating textile wastewater for industrial parks, but is now actively expanding into other environmental market areas such as sludge treatment and hazardous waste treatment.

We are positive on CTEG’s growth outlook as it is well positioned in the fast growing market and has robust capacity growth.

Source: UOBKH
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Re: CT Environmental Group (1363)

Postby winston » Wed Oct 19, 2016 9:02 pm

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CT Environment 中滔環保 (1363 HK)

CT Environment has 3 major businesses – industrial waste water treatment, sludge, solid waste segment and hazardous waste treatment.

The company has a number of new projects under construction, including industrial waste water treatment of 230,000 cubic metre/day and solid waste of 3394 tonnes/day capacity, representing 23% and 60% of its current capacity respectively.

The above projects in pipeline are expected to support solid earnings growth in the long term.

http://en.chongto.com/

Source: UOBKH
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CT Environmental (1363)

Postby winston » Wed Nov 23, 2016 3:01 pm

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CT Environmental Tumbles From Short Seller Attack

By Shuli Ren

CT Environmental (1363.Hong Kong) tumbled 12.6% after Glaucus Research issued a short seller report saying the Chinese water treatment company is “simply uninvestable”.

Glaucus estimates CT Environment is worth only 0.38 Hong Kong dollars a share. This stock was trading at HK$1.87 recently.

According to Glaucus, CT Environmental grossly exaggerated its capacity utilization rate at its main factory during 2012 and 2014:

Because wastewater treatment is a highly regulated business, the Ministry of Environmental Protection (“MEP”) publishes an annual list of the volume of wastewater processed at key facilities in China.

This data directly contradicts the Company’s reported figures for the utilization of two key facilities.


Readers can access the entire report at https://glaucusresearch.com/.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... er-attack/
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Re: CT Environmental Group (1363)

Postby winston » Thu Nov 24, 2016 12:54 pm

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Credit Suisse Defends CT Environmental After Short Seller Attack

By Shuli Ren

Glaucus also questioned how CT Environmental manages to obtain abnormal returns on assets and still needed to raise 4.4 billion of capital since 2008. Credit Suisse did not address that concern.


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... er-attack/
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Re: CT Environmental Group (1363)

Postby winston » Fri Dec 02, 2016 7:55 am

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CT takes hit

by Esther Yu

Shares of CT Environmental Group (1363) dived 22 percent to HK$1.46 after resuming trading yesterday, after short seller Glaucus Research posted a second report blasting its clarification.

Glaucus released the first report on CT Environmental, which primarily engages in industrial wastewater treatment and hazardous waste disposal in China, on November 23, accusing the firm of exaggerating its reported revenues and profitability. CT Environmental had halted trading since that.

CT Environmental then in a filing yesterday said Glaucus' report applied incorrect data; made incorrect assumptions and had failed to understand the company's business model.

But Glaucus fought back: "It attempts to rebut black-and-white data with assertions unsubstantiated by any documentary evidence," it said.

"Where CTEG has no answer to the damning evidence presented in our report, [it] simply misconstrues our argument in a misguided attempt to confuse investors. Where CTEG is not trying to confuse, it wholly ignores inconvenient facts and evidence."

Source: The Standard
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