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Looks promising.
SIIC Environment provides update on four projects across mainland China
SIIC Environment Holdings, dual-listed in Singapore and Hong Kong, has provided an update on four projects in Heilongjiang, Shandong and Guangxi Zhuang Autonomous Region, with a total capacity of 160,000 tonnes.
According to a July 22 announcement, SIIC Environment has added 85,000-tonne wastewater treatment plant (WWTP) projects, while a 45,000-tonne WWTP project has secured upgrading and a 30,000-tonne WWTP project has commenced commercial operation.
Secured 85,000-tonne WWTP projects
SIIC Environment&rsquo s 75.5% indirectly-owned subsidiary, SIIC Environment Holdings (Weifang), has signed an agreement with Weifang Ruida Municipal Engineering regarding the Weifang City Weicheng District WWTP operations and maintenance (O& M) project.
The O& M period is eight years. The project has a designed capacity of 50,000 tonnes per day with a discharge standard as Quasi Grade IV.
Meanwhile, the company&rsquo s 90% indirectly-owned subsidiary, SIIC Environment Holdings (Beihai), has secured Beihai Daguansha WWTP O& M Project 2nd Phase.
The project has a designed capacity of 35,000 tonnes per day with a discharge standard as Class I Standard A. The O& M period is six months, which could be extended if deemed appropriate depending on the status of cooperation between the two parties.
45,000-tonne WWTP project
In addition, the group' s 45,000-tonne WWTP project has secured upgrading. The Harbin City Pingfang WWTP Improvement Project has a total designed capacity of 150,000 tonnes per day &mdash 75,000 tonnes of which has a discharge standard as Class I Standard A and the other 75,000 tonnes as Class I Standard A.
To control overflow risk during flood seasons, the project was approved to upgrade by 45,000 tonnes with its discharge standard upgraded from Class I Standard B to Class I Standard A.
30,000-tonne WWTP project
Finally, the 30,000-tonne WWTP project has commenced commercial operation. The Hegang City WWTP Project (West Plant Expansion 2nd Phase) commenced commercial operation with retrospective effect to June 30, 2023.
The project has a designed capacity of 30,000 tonnes per day with a discharge standard as Class I Standard A.
According to SIIC Environment, these projects are &ldquo expected to contribute positively&rdquo to the group&rsquo s future performance.
In February, SIIC Environment announced that its revenue and net profit attributable to shareholders in FY2023 ended Dec 31, 2023 fell by 8.8% and 22.6% y-o-y, respectively, to RMB7.573 billion and RMB604 million, respectively.
It does look like with these results Everbright is the better company. Larger, much stronger growth and yet cheaper.
At 16.8 cts ...
p/e - 3.77
dividend yield - 6.55% (based on dividend of 1.1 cts for the full year)
nta - 74.7 cts
Note - its not a popular stock and is highly illiquid. The 4th quarter report,
the profit drop by 90% against previous year same period.
For info only. Vested. Dyodd
p/e - 3.77
dividend yield - 6.55% (based on dividend of 1.1 cts for the full year)
nta - 74.7 cts
Note - its not a popular stock and is highly illiquid. The 4th quarter report,
the profit drop by 90% against previous year same period.
For info only. Vested. Dyodd
What happen to SIIC? Price dropped below 17 cents. Anything not reported?
Share some figures below:
revenue - S$1.36 bil
net profit - S$108.7 mil
earning per share - 4.2 cts
price earning ratio - 4.1 X
dividend - 1H 0.5 cts, 2nd half 0.6 cts, full year 1.1 cts
dividend yield - 6.4 % (on price of 17.3 cts)
nta - 72.4 cts
For info only. Dyodd.
Exchange rate used 1RMB:S$0.18
revenue - S$1.36 bil
net profit - S$108.7 mil
earning per share - 4.2 cts
price earning ratio - 4.1 X
dividend - 1H 0.5 cts, 2nd half 0.6 cts, full year 1.1 cts
dividend yield - 6.4 % (on price of 17.3 cts)
nta - 72.4 cts
For info only. Dyodd.
Exchange rate used 1RMB:S$0.18
So many management changes right ahead of a results announcment? Not a great look.
Better water supply and waste water in China represent massive opportunties for those companies that are well positioned in the space.
Multiple advancements across SIIC Environments&rsquo projects in China
Advancement in SIIC Environment Holdings&rsquo eight projects in China totalling 197,500 tonnes in capacity are well underway.
Among these, three projects with a total capacity of 70,000 tons have successfully secured both upgrading and tariff increases, another three with a combined capacity of 92,500 tons have secured tariff increases, another one project has expanded by 15,000 tons, and the concession period for a 20,000-ton project has also been extended.
Meanwhile, SIIC Environment&rsquo s indirect wholly-owned subsidiary in Beiliu, Guanxi, SIIC Environment Waste Water Treatment, has received approval from the local government for a tariff increase, effective January this year, for Beiliu City urban WWTP project 1st phase and Beiliu City urban WWTP upgrade and expansion project.
Both projects have a designed capacity of 40,000 tons per day, meeting class I standard A discharge standards.
Furthermore, SIIC Environment&rsquo s 75.7% indirectly-owned subsidiary in Yicheng, Shandong, has signed an upgrading and tariff increasing agreement for its Zaozhuang City Yicheng District WWTP center project (Yicheng project) with the government of Yicheng District.
The Yicheng project has a total designed capacity of 40,000 tons per day, and the discharge standards for its phases will be upgraded from class I standard A to quasi grade IV.
SIIC Environment&rsquo s other 98.76% indirectly-owned subsidiary, S.I. United Sewage Treatment, has signed a similar agreement for the Zaozhuang City Yicheng District WWTP expansion project 1st phase. The discharge standard for the Yicheng Expansion Project will be upgraded from class I standard A to quasi grade IV, with an associated tariff increase upon completion.
Meanwhile, the company&rsquo s 60% indirectly-owned subsidiary, Ranhill Xianggang Water, has signed an expansion agreement of its Xiangtang Development Zone WWTP Project with the Urban Management and Law Enforcement Bureau of Nanchang. The expansion project has a designed capacity of 15,000 tons per day with a discharge standard as class I standard A.
Additionally, Anxi Nanfang Water, an indirectly wholly-owned subsidiary, has received government approval for a tariff increase for the Anxi County Longmen Town WWTP BOT Project 1st Phase. The tariff increase, effective as at November 1, 2023, applies to a project with a designed capacity of 12,500 tons per day and class I standard B discharge standards.
Concession period of 20,000-tonne project extended
Finally, SIIC Environment&rsquo s indirectly wholly-owned subsidiary, Kaifa Xinquan Water, has signed a supplementary agreement of the Taizhou Binjiang Industrial Park WWTP Project 1 st Phase with the Medical High-tech Zone Binjiang Industrial Park Management Office of Taizhou.
The extension is for 10 years through Transfer-Operate-Transfer (TOT) upon expiry, for a project with a designed capacity of 20,000 tons per day and class I standard A discharge standards.
These developments are anticipated to have a positive impact on the company&rsquo ' s future performance.
Updates on SIIC Environment&rsquo s 197,500-tonne Projects
This announcement is made voluntarily by SIIC ENVIRONMENT HOLDINGS LTD. (" SIIC Environment" or the " Company" ,
together with its subsidiaries, the " Group" ), a water treatment and environmental protection company listed on the Main
Board of the SGX-ST and the Main Board of the Hong Kong Stock Exchange, to update the shareholders of the Company
and potential investors on its latest business developments.
The Group is pleased to announce the latest progress of its eight projects with total capacity of 197,500 tonnes in the
People&rsquo s Republic of China. Among them, three projects with total capacity of 70,000 tonnes have secured upgrading
and tariff increase, three projects with total capacity of 92,500 tonnes have secured tariff increase, one project has
expanded by 15,000 tonnes, and the concession period of one project with capacity of 20,000 tonnes has been extended.
177,500-tonne Projects secured upgrading, tariff increase and expansion
The Company&rsquo s indirect wholly-owned subsidiary, SIIC Environment (Beiliu) Waste Water Treatment Co., Ltd., has received
approval from the local government regarding tariff increase for Beiliu City Urban WWTP Project 1st Phase
(&ldquo Beiliu Project 1st Phase&rdquo ) and Beiliu City Urban WWTP Upgrade and Expansion Project (&ldquo Beiliu Expansion Project&rdquo ),
and the tariff increase. is effective from January 2024. Beiliu Project 1st Phase has a designed capacity of 40,000 tonnes per day,
and the Beiliu Expansion Project has a designed capacity of 40,000 tonnes per day, with both discharge standards as Class I
Standard A.
The Company&rsquo s 75.7% indirectly-owned subsidiary, SIIC Environment (Zaozhuang Yicheng) Waste Water Treatment Co., Ltd.,
has signed an upgrading and tariff increasing agreement of Zaozhuang City Yicheng District WWTP Center Project
(&ldquo Yicheng Project&rdquo ) with the People&rsquo s Government of Yicheng District, Zaozhuang City. The Yicheng Project, including the
Yicheng Project 1st Phase (&ldquo Yicheng Project 1st Phase&rdquo ) and Yicheng Project 2nd Phase (&ldquo Yicheng Project 2nd Phase&rdquo ), has a
total designed capacity of 40,000 tonnes per day. The agreement states that the discharge standard of the Yicheng Project
1st Phase and the Yicheng Project 2nd Phase are to be upgraded from Class I Standard A to Quasi Grade IV, and the tariff will
increase after the upgrading is completed.
The Company&rsquo s 98.76% indirectly-owned subsidiary, S.I. United (Zaozhuang) Sewage Treatment Co., Ltd., has signed an upgrading
and tariff increasing agreement of Zaozhuang City Yicheng District WWTP Expansion Project 1st Phase (&ldquo Yicheng Expansion Project&rdquo )
with the People&rsquo s Government of Yicheng District, Zaozhuang City. The agreement states that the discharge standard of Yicheng
Expansion Project is to be upgraded from Class I Standard A to Quasi Grade IV, and the tariff will increase after the upgrading is completed.
Yicheng Expansion Project has a designed capacity of 30,000 tonnes per day
The Company&rsquo s indirectly wholly-owned subsidiary, Anxi Nanfang Water Co., Ltd. (安 溪 南 方 水 務 有 限 公 司 ), has recently received
approval from the government on tariff increase of the Anxi County Longmen Town WWTP BOT Project 1st Phase
(&ldquo Longmen Project 1st Phase&rdquo ). The tariff has increased retrospectively since 1 November 2023. The Longmen Project 1st Phase
has a designed capacity of 12,500 tonnes per day and a discharge standard as Class I Standard B, upgrading to be constructed.
Concession period of 20,000-tonne project extended
The Company&rsquo s indirectly wholly-owned subsidiary, Kaifa Xinquan Water (Taizhou) Co., Ltd., has signed a supplementary agreement
of the Taizhou Binjiang Industrial Park WWTP Project 1 st Phase (&ldquo Binjiang Project 1st Phase&rdquo ) with the Medical High-tech Zone (
Gaogang District) Binjiang Industrial Park Management Office of Taizhou. The agreement states that the concession period of
Binjiang Project 1st Phase is to be extended for 10 years by way of TOT upon expiry. The project has a designed capacity of
20,000 tonnes per day with a discharge standard as Class I Standard A.
The above-mentioned projects are expected to contribute positively to the Group&rsquo s future performance.
For investor relations inquiries, please contact [email protected].
By Order of the Board SIIC ENVIRONMENT HOLDINGS LTD.
Executive Director Mr. Zhu Dazhi
Annoucement - 24 Jan 2024
This announcement is made voluntarily by SIIC ENVIRONMENT HOLDINGS LTD. (" SIIC Environment" or the " Company" ,
together with its subsidiaries, the " Group" ), a water treatment and environmental protection company listed on the Main
Board of the SGX-ST and the Main Board of the Hong Kong Stock Exchange, to update the shareholders of the Company
and potential investors on its latest business developments.
The Group is pleased to announce the latest progress of its eight projects with total capacity of 197,500 tonnes in the
People&rsquo s Republic of China. Among them, three projects with total capacity of 70,000 tonnes have secured upgrading
and tariff increase, three projects with total capacity of 92,500 tonnes have secured tariff increase, one project has
expanded by 15,000 tonnes, and the concession period of one project with capacity of 20,000 tonnes has been extended.
177,500-tonne Projects secured upgrading, tariff increase and expansion
The Company&rsquo s indirect wholly-owned subsidiary, SIIC Environment (Beiliu) Waste Water Treatment Co., Ltd., has received
approval from the local government regarding tariff increase for Beiliu City Urban WWTP Project 1st Phase
(&ldquo Beiliu Project 1st Phase&rdquo ) and Beiliu City Urban WWTP Upgrade and Expansion Project (&ldquo Beiliu Expansion Project&rdquo ),
and the tariff increase. is effective from January 2024. Beiliu Project 1st Phase has a designed capacity of 40,000 tonnes per day,
and the Beiliu Expansion Project has a designed capacity of 40,000 tonnes per day, with both discharge standards as Class I
Standard A.
The Company&rsquo s 75.7% indirectly-owned subsidiary, SIIC Environment (Zaozhuang Yicheng) Waste Water Treatment Co., Ltd.,
has signed an upgrading and tariff increasing agreement of Zaozhuang City Yicheng District WWTP Center Project
(&ldquo Yicheng Project&rdquo ) with the People&rsquo s Government of Yicheng District, Zaozhuang City. The Yicheng Project, including the
Yicheng Project 1st Phase (&ldquo Yicheng Project 1st Phase&rdquo ) and Yicheng Project 2nd Phase (&ldquo Yicheng Project 2nd Phase&rdquo ), has a
total designed capacity of 40,000 tonnes per day. The agreement states that the discharge standard of the Yicheng Project
1st Phase and the Yicheng Project 2nd Phase are to be upgraded from Class I Standard A to Quasi Grade IV, and the tariff will
increase after the upgrading is completed.
The Company&rsquo s 98.76% indirectly-owned subsidiary, S.I. United (Zaozhuang) Sewage Treatment Co., Ltd., has signed an upgrading
and tariff increasing agreement of Zaozhuang City Yicheng District WWTP Expansion Project 1st Phase (&ldquo Yicheng Expansion Project&rdquo )
with the People&rsquo s Government of Yicheng District, Zaozhuang City. The agreement states that the discharge standard of Yicheng
Expansion Project is to be upgraded from Class I Standard A to Quasi Grade IV, and the tariff will increase after the upgrading is completed.
Yicheng Expansion Project has a designed capacity of 30,000 tonnes per day
The Company&rsquo s indirectly wholly-owned subsidiary, Anxi Nanfang Water Co., Ltd. (安 溪 南 方 水 務 有 限 公 司 ), has recently received
approval from the government on tariff increase of the Anxi County Longmen Town WWTP BOT Project 1st Phase
(&ldquo Longmen Project 1st Phase&rdquo ). The tariff has increased retrospectively since 1 November 2023. The Longmen Project 1st Phase
has a designed capacity of 12,500 tonnes per day and a discharge standard as Class I Standard B, upgrading to be constructed.
Concession period of 20,000-tonne project extended
The Company&rsquo s indirectly wholly-owned subsidiary, Kaifa Xinquan Water (Taizhou) Co., Ltd., has signed a supplementary agreement
of the Taizhou Binjiang Industrial Park WWTP Project 1 st Phase (&ldquo Binjiang Project 1st Phase&rdquo ) with the Medical High-tech Zone (
Gaogang District) Binjiang Industrial Park Management Office of Taizhou. The agreement states that the concession period of
Binjiang Project 1st Phase is to be extended for 10 years by way of TOT upon expiry. The project has a designed capacity of
20,000 tonnes per day with a discharge standard as Class I Standard A.
The above-mentioned projects are expected to contribute positively to the Group&rsquo s future performance.
For investor relations inquiries, please contact [email protected].
By Order of the Board SIIC ENVIRONMENT HOLDINGS LTD.
Executive Director Mr. Zhu Dazhi
Annoucement - 24 Jan 2024
Well, Everbright Water is larger, less leveraged and yet has a much higher dividend yield at current share prices.
compare China Everbright Water (Singapore' s one), which is better ? can anyone advise, thanks
Results should be out 3rd week of Feb.
Last year full year result was out on 24 Feb 2023
Last year full year result was out on 24 Feb 2023
josephyeo ( Date: 16-Jan-2024 09:58) Posted:
|
Note Company has been consistant in it' s dividend
| Some figures on revenue n net profit | ||||
| yearly | FY' 20 | FY' 21 | Fy' 22 | 9M' 23 |
| revenue (X1000) | 1,250,387 | 1453627 | 1,660,776 | 1,269,791 |
| net profit (X1000) | 127,068 | 141231 | 156,039 | 116,676 |
| dividends | 1.5 cts | 1.5 cts | 1.5 cts | |
| div yield | 7.9 (%) | 7.9 (%) | 7.9 (%) | |
| Note: | 1) company' s revenue has been groowing year after year. See above. | |||
| 2) company has consistently produced profits. See above | ||||
| 3) company has been concictent in it' s dividends | ||||
| Vested. Above for info only. Pls dyodd | ||||
" Start to monitor" ? A weird thing to say given the valuation metrics thy quoted. Not sure what cheaper SGX stocks there are on these metrics. Do they not advise buying shares ever?
SIIC ENVIRONMENT HOLDINGS LTD / SIIC (19.1 cents, up 0.2 cents) a water treatment and environmental protection company listed on the Main Board of the SGX-ST and the Main Board of the Hong Kong Stock Exchange wishes to update the shareholders of the Company and potential investors on its latest business developments.
The Group is pleased to announce that it has won the bid for the Jiguan Project with designed capacity of 50,000 tonnes per day in Heilongjiang, the People&rsquo s Republic of China (&ldquo PRC&rdquo ). It has also signed a tariff increase agreement for its Qingpu Second WWTP Project in Shanghai. Secures a 50,000-tonne WWTP Project. The Company&rsquo s indirect 57.9687% owned subsidiary, Longjiang Environmental Protection Group Co., Ltd., has won the bid for Jixi City Jiguan District WWTP Project 3rd Phase (&ldquo Jiguan 3rd Project&rdquo ) and signed an agreement with Jiguan Housing and Urban-Rural Development Bureau. Jiguan 3rd Project has a designed capacity of 50,000 tonnes per day and the discharge standard is Class I Standard A. The concession period shall last for 30 years.
We believe both SIIC and China Everbright water are benefitting from the China government&rsquo s re-focus on environmental protection, making it a top priority in the next 10 years. Consistent financial performance and also contract wins should support their share prices. Also both companies are not trading at expensive valuations, with SIIC and Everbright water trading at average PE ratio of 3x, price to book of 0.3x and dividend yields averaging between 8-9%. We believe investors should start to keep both companies on their radar for monitoring, especially if both companies continue to dish out such attractive dividends.
Above is a write up by Lim and Tan.
SIIC Environment secures Heilongjiang wastewater treatment plant contract
SIIC Environment Holdings&rsquo BHK -1.05% indirect 57.9%-owned subsidiary, Longjiang Environmental Protection Group, has secured the contract for its bid on the third phase of the Jiguan District Wastewater Treatment Plant (WWTP) Project in Heilongjiang, China.
On Jan 15, the company announced that Longjiang Environmental had signed an agreement with the Jiguan Housing and Urban-Rural Development Bureau for the contract. The Jiguan Project has a designed capacity of 50,000 tonnes per day, with a concession period of 30 years.
Separately, the company has also signed a supplementary water tariff increase agreement with the Shanghai Qingpu Water Authority for the Qingpu Second WWTP Project in Shanghai, China.
The Qingpu Project has a total designed capacity of 240,000 tonnes per day, of which 180,000 tonnes are in operation and the remaining 60,000 tonnes are to be constructed. The agreement has retrospective effect from May 1, 2021.
Both projects are expected to contribute positively to the company&rsquo s future performance.
Some basic figures.
1. trailing p/e - 3.4 X
2. dividend yield - 7.8% based on price of 19.1
3. nta 72.4 against current price of 19.1
I am vested primarily for growth, dividend yield and low valuation.
Vested., Pls dyodd.
1. trailing p/e - 3.4 X
2. dividend yield - 7.8% based on price of 19.1
3. nta 72.4 against current price of 19.1
I am vested primarily for growth, dividend yield and low valuation.
Vested., Pls dyodd.
Dividend history
For year 2021, 2022 and 2023, the dividend declared was 1.5 cts per share.
Based on current price of 19.1, the dividend yield is 7.8%.
For info only. Vested.
| Action Type | Ex Date | Record Date | Payment Date | Details |
|---|---|---|---|---|
| DIVIDEND | 2023-09-12 | 2023-09-13 | 2023-09-28 | SGD 0.005 |
| DIVIDEND | 2023-05-19 | 2023-05-22 | 2023-05-31 | SGD 0.01 |
| DIVIDEND | 2022-08-31 | 2022-09-01 | 2022-09-30 | SGD 0.005 |
| DIVIDEND | 2022-05-19 | 2022-05-20 | 2022-05-31 | SGD 0.01 |
| DIVIDEND | 2021-08-31 | 2021-09-01 | 2021-09-30 | SGD 0.005 |
| DIVIDEND | 2021-05-19 | 2021-05-20 | 2021-05-31 | SGD 0.01 |
For year 2021, 2022 and 2023, the dividend declared was 1.5 cts per share.
Based on current price of 19.1, the dividend yield is 7.8%.
For info only. Vested.