| Latest Forum Topics / China Everbright Last:0.225 -- |
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SingPost
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SmallSmall
Supreme |
20-Feb-2019 13:34
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News Release Everbright Water Announces FY2018 Annual Results (HKD&rsquo 000) FY2018 FY2017 Change Revenue 4,768,318 3,591,633 &uarr 33% Gross profit 1,623,778 1,230,587 &uarr 32% Profit for the year 736,755 580,793 &uarr 27% Profit attributable to shareholders of the Company 676,459 513,356 &uarr 32% Earnings per share (HKD) 0.256 0.196 &uarr 31%  Dividend declared : S$0.005 |
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Sgvale
Supreme |
19-Feb-2019 09:01
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Strong backing for Government water projects | ||||
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lailai
Elite |
12-Feb-2019 11:06
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Continue to cheonging down! Something' s like salah, after dual listing application lapsed.
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johnng
Supreme |
11-Feb-2019 11:33
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CHIONG ARH!!! | ||||
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lailai
Elite |
08-Feb-2019 18:39
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Thanks for the link. You are obviously very in tune to the market. Searched and checked: yeah, it lapsed.  A pity, cos this coy has been making respectable earnings almost yr after yr in the last 10 years or so. Especially in the last few years from FYDec ' 14 it has been making good profits at least 2.5cts per sh. Might hit 4.1ct per sh this year. Am expecting another div in their FY result release on 20th. Think DBS' s TP of 47.5 could be achieved quite easily if dual listing was approved. Cheers anyway, and enjoy your weekend!
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hfjdhy
Member |
08-Feb-2019 17:22
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Search China Everbright Water Limited and check its status from the link below http://www.hkexnews.hk/APP/SEHKYear2018.htm  
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lailai
Elite |
08-Feb-2019 15:59
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Quite surprised that their application has lapsed so soon. The paper by DBS was just released about 3 weeks ago, citing the dual listing: ' Dual listing in Hong Kong.  CEW is seeking a dual listing in Hong Kong through a global offering. Although the timing of the listing remains uncertain, we reckon this would help expand the company&rsquo s shareholder base and improve share liquidity.' Maybe that' s why price is going down instead of going up. ![]()  
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hfjdhy
Member |
08-Feb-2019 11:29
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Their HK dual listing application has lapsed and they did not even announced in SGX, unlike Singapore Kitchen Equipment  
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lailai
Elite |
08-Feb-2019 10:44
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Even DBS is recommending 12 mth target to 47.5cts, that is 36% up from current mkt of 35c. They quoted a lot of positives, winning major projects, dual listing on the way, profits quarter after quarter. Unlike other s-chips, CEW also gives div of 2-3% per year, better than FD. Probably the best potential is when the dual listing takes place, as global investors will be involved. Shares can then be transferred to HK for better price.
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MoonlightFire
Member |
20-Dec-2018 09:32
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Usually if things happen like this, bb are selling because there will be major bad news a few months down the road. But this counter is in down trend for quite a while and we yet to hear any major bad news. Weird.
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lailai
Elite |
17-Dec-2018 08:10
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Another good announcement, but the mkt value continues to drop.![]() Wonder if it' s due to BBs pushing it down to collect more and more? ![]() Refer to announcement made in SGX on 14, for those interested. |
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lailai
Elite |
24-Oct-2018 08:49
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For those who are interested. Ext from morning' s announcement: " THE PROPOSED SEHK LISTING AND THE PROPOSED GLOBAL OFFERING 2.1 The SEHK Listing 2.1.1 SEHK Listing. On 3 August 2018, the Company announced that it proposes to seek the proposed SEHK Listing. The Company had, on the same day, submitted an application to the SEHK in relation to the SEHK Listing. In conjunction with the proposed SEHK Listing, the Company proposes to undertake the proposed Global Offering to allot and issue up to 431,400,000 new Shares (subject to adjustment or re-allocation and the Over-allotment Option of up to 64,710,000 Shares). The Company intends to use the net proceeds raised from the proposed Global Offering for expanding its market share in the PRC water industry and diversifying its project portfolio and creating synergies, enhancing its core technologies through innovative research and development initiatives and acquisitions of advanced technologies, and general working capital. Further details on the use of proceeds are set out in Section 2.2.6 of this Circular. A copy of the announcement made by the Company on 3 August 2018 in relation to the proposed SEHK Listing and the Global Offering is available on the website of the SGX-ST at www.sgx.com. 2.1.2 Dual Primary Listing. In the event that the Company successfully proceeds with the proposed Global Offering and the proposed SEHK Listing, the Company will be concurrently listed on the Mainboard of the SGX-ST and the Main Board of the SEHK. Pursuant to this, the Company will be required to comply with the relevant Bermuda, Singapore and Hong Kong laws, listing rules and regulations, including, inter alia, the takeover requirements in Singapore and Hong Kong, the disclosure requirements and the listing requirements of the SGX-ST and the SEHK. In the event of any confl ict between the listing rules of both the SGX-ST and the SEHK or the requirements of the Singapore Code on Take-overs and Mergers (the &ldquo Singapore Takeover Code&rdquo ) and the Codes on Takeovers and Mergers and Share Buy-backs issued by the SFC, as amended from time to time (the &ldquo HK Takeovers Code&rdquo ), the Company shall comply with the more onerous rule and requirement. Further information relating to, inter alia, the takeover obligations of the Company and the salient provisions of the SGX Listing Manual, the HK Listing Rules and relevant laws and regulations which are applicable to the Company after the proposed SEHK Listing and the proposed Global Offering is set out in Appendix A to this Circular. In addition, Shareholders may switch trading of their Shares from the SGX-ST to the SEHK or from the SEHK to the SGX-ST. Shareholders who wish to do so will need to comply with the relevant procedures for trading and transfer of Shares between the two securities exchanges. The procedures for trading and transfer of Shares from the SGX-ST to the SEHK, and vice versa, are set out in Appendix B to this Circular . "
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Qanghoo
Supreme |
15-Oct-2018 11:49
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This one already keep goind down for more than one yr.  So, doubt if there' s any recent corporate move.
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MoonlightFire
Member |
15-Oct-2018 11:29
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My best guess is the management is going to issue new shares at hong kong exchange. And they know that the issuance price is not going to be high, hence they hold back any major buybacks.
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lailai
Elite |
08-Oct-2018 07:37
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Suspect something seems terribly wrong with this counter.  Price keeps going down to its lowest, yet no buy back by coy. Something or someone in the know is pulling the price down, so it seems. Waiting for bad news announcements, got none, but instead always good ones announced. FA very strong, now with coy sharing profit thru half yearly div. Also got dual proposal plan underway. AIP already received from SGX. Just food for thought on a monday morning blue. ![]()  
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MoonlightFire
Member |
23-Sep-2018 18:54
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Win so many projects lately but shareprice keep go down. Must be got insiders know some bad news which yet to be annouced. | ||||
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lailai
Elite |
07-Aug-2018 13:27
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On top of dual listing application, company is rewarding long time sufferers with another div: " Name of Dividend 1HFY2018 Interim Dividend Dividend Type Cash/Scrip (based on shareholder&rsquo s election) Dividend Amount SGD0.0049 per ordinary share Tax Rate One-Tier Tax Exempt China Everbright Water Limited Scrip Dividend Scheme will be applicable to the 1HFY2018 interim one-tier tax exempt dividend." Looks like long term sufferers don' t have much choice but to continue to hold, as company has begun to enhance shareholders' value.  But if interested to buy more, best to let the shortees suppress to say 40-41c, then scoop bit by bit for long term dual listing advantage, which may take a few months to materialise. Just opinion, not enticing others to get interested in this hibernating stock since the days of David Chen.
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lailai
Elite |
06-Aug-2018 07:49
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" MAINBOARD-LISTED China Everbright Water announced on Friday that it has applied to the Stock Exchange of Hong Kong (SEHK) to seek a dual primary listing on its main board." Announcement should be very positivie in long run after dual listing successful. In short term, shortees will continue to suppress the price for them to pick. Buy here at the cheap and sell there at good profit. So if keen to buy for long term, it' s good to follow the shortees to pick. But don' t follow their shorts, let them do it for your benefit. Just an opinion, no certainty that things will work out as posted.
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lailai
Elite |
27-Jul-2018 08:41
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Agreed with u. So its hard to understand why the company like ' no hew' at the downward spiral of its value since the days that the new management  took over from David Chen of the Hankore days. if David is still at the helm, he would most likely use the buyback mandate to enhance shareholders' value, unlike the current ' no hew' management. The current management like ' no hew' with the shareholders' interest, but only keen in winning major contracts, projects, govt subsidies and whatnot. Pity the shareholders, esp those having huge holdings bought on margin and having to see heavy losses and hefty interest to pay. ![]()
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MoonlightFire
Member |
27-Jul-2018 07:50
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The management had connection with the Chinese Government. If the management decided to screw the small shareholders for their few percentage of shares, I think this will increase distrust toward the Chinese Government and their companies | ||||
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