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SIIC Environment signs projects involving a total investment of RMB750 mil
Mainboard-listed SIIC Environment Holdings has signed projects in Jiaxing City in the Zhejiang Province comprised of the 80,000 tonnes Wastewater Treatment Plant (WWTP) project, 30,000 tonnes Reclaimed Water Plant project and 50,000 tonnes Pre-treatment project.
The company&rsquo s indirect 92.15%-owned subsidiary, Pinghu Dushan Wastewater Treatment, on April 7, signed a supplemental agreement on the Pinghu City Eastern WWTP project with Pinghu City Water Affairs Management Center, which involves a total investment of RMB750 million ($153.3 million).
The amount includes the expansion of the first stage of the third phase, new reclaimed water plant project as well as new pre-treatment facilities for a concession period from April 7 to Dec 31, 2046.
The Pinghu City Eastern project has a total designed capacity of 220,000 tonnes per day. Its first and second phases with a total designed daily capacity of 85,000 tonnes have already commenced commercial operation.
The third phase has a total designed daily capacity of 135,000 tonnes.
According to SIIC, the signing of the agreement is expected to contribute positively to its performance.
In addition to the projects announced recently the company as of end 2020 has the following projects.
See quote below:
" As of FY2020, the Group hold more than 200 wastewater treatment and water supply projects with
a total design capacity of more than 12.89 million tonnes per day."
- end of quote -
See quote below:
" As of FY2020, the Group hold more than 200 wastewater treatment and water supply projects with
a total design capacity of more than 12.89 million tonnes per day."
- end of quote -
josephyeo ( Date: 16-Apr-2021 19:51) Posted:
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1st Target 23/23.5. Test back recent high first.
2nd Target 27/28. Buy when it low. Huat all 🙏 🏻
2nd Target 27/28. Buy when it low. Huat all 🙏 🏻
josephyeo ( Date: 16-Apr-2021 19:55) Posted:
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The projects are expected to contribute positively to the Group&rsquo s performance going forward.
josephyeo ( Date: 16-Apr-2021 19:51) Posted:
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Source: SGXNet
For info only
20.5 good px.
if get 20, 5% dividend. Best. 😊
if get 20, 5% dividend. Best. 😊
wavesurfer ( Date: 15-Apr-2021 19:43) Posted:
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The company seems no momentum after company stops buying.
Price history:
1 year high - 23.5 cents
2 year high - 34.5 cents
5 year high - 76.5 cents
Current price - 21.0 cents which is more than 70% below the 5 year high.
All time low is 17.2 cents.
For info only. Dyodd.
1 year high - 23.5 cents
2 year high - 34.5 cents
5 year high - 76.5 cents
Current price - 21.0 cents which is more than 70% below the 5 year high.
All time low is 17.2 cents.
For info only. Dyodd.
Profit for SIIC Environment has been growing since 2018. See below:
2018 profit - S$112.4 mil
2019 profit - S$126.0 mil
2020 profit - S$131.3 mil
For info only. Vested
2018 profit - S$112.4 mil
2019 profit - S$126.0 mil
2020 profit - S$131.3 mil
For info only. Vested
It seems no share buy back these two days?
good sharing. 👍 🏻 Huat all.
josephyeo ( Date: 28-Mar-2021 16:50) Posted:
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Power. 0.30 May. Nice. Good foresight. Better than hindsight later.
Continue Watch show.
Continue Watch show.
wavesurfer ( Date: 06-Apr-2021 21:00) Posted:
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If that happen, they will offer to buy back your shares
PhillipTan ( Date: 30-Mar-2021 09:05) Posted:
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Enter for value investing
This become my highest holding now. Hope it reaches $0.3 by May 2021
Share buy back today:
06 April - 500,000
05 April - 1,386,500
01 April - 1,962,500
31 March - 1,000,000
30 March - 884,500
29 March - 1,200,000
24 March - 1,206,000
18 March - 2,000,000
16 March - 3,000,000
Just sharing
06 April - 500,000
05 April - 1,386,500
01 April - 1,962,500
31 March - 1,000,000
30 March - 884,500
29 March - 1,200,000
24 March - 1,206,000
18 March - 2,000,000
16 March - 3,000,000
Just sharing
josephyeo ( Date: 06-Apr-2021 20:18) Posted:
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Update
Main reasons for being vested:
1. high revenue -
above S$1 billion per year since 2018
2. high profit -
above S$100 million per year since 2017
3. high dividend yield -
4.5% (dividend 1.0 per year since 2017, current price 20.5 cents)
4. nta of 69.0 cents.
current price 22.0 cents
5. share buy back
6. low p/e
p/e 4.4 on current price of 22.0 cents - under valued
Dyodd.
Main reasons for being vested:
1. high revenue -
above S$1 billion per year since 2018
2. high profit -
above S$100 million per year since 2017
3. high dividend yield -
4.5% (dividend 1.0 per year since 2017, current price 20.5 cents)
4. nta of 69.0 cents.
current price 22.0 cents
5. share buy back
6. low p/e
p/e 4.4 on current price of 22.0 cents - under valued
Dyodd.
Some info on SIIC.:
Headquartered in Singapore and listed on the Mainboard of SGX-ST, the Company successfully
launched on the Mainboard of HKEX in 2018. The controlling shareholder, SIIC Environment,
Shanghai Industrial Holdings Limited (" SIHL" , HKEX stock code: 363.HK), was established in 1996,
with infrastructure, real estate and consumer products as the core business. The important strategic
investor of the Company, China Energy Conservation and Environmental Protection Group (CECEP),
is a state-owned enterprise mainly engaged in energy conservation and environmental protection,
which was reorganized and established in 2010 with the approval of the state council.
For info only
Headquartered in Singapore and listed on the Mainboard of SGX-ST, the Company successfully
launched on the Mainboard of HKEX in 2018. The controlling shareholder, SIIC Environment,
Shanghai Industrial Holdings Limited (" SIHL" , HKEX stock code: 363.HK), was established in 1996,
with infrastructure, real estate and consumer products as the core business. The important strategic
investor of the Company, China Energy Conservation and Environmental Protection Group (CECEP),
is a state-owned enterprise mainly engaged in energy conservation and environmental protection,
which was reorganized and established in 2010 with the approval of the state council.
For info only
A quote from the company' s press release on 26 Feb 2021:
SIIC Environment Reports a 4.9% Rise to RMB6.25 billion in Revenue,
Net Profit Attributable to Shareholders Up 5.8% YOY to RMB635.3 Million in FY2020
The Groups revenue amounted to RMB6.25 billion, an increase of 4.9% year-on-year (YOY)
The Groups net profit attributable to shareholders amounted to RMB635.3 million, an increase of 5.8% YOY
Operating and maintenance income and financial income from service concession arrangements amounted to
RMB3.77 billion in FY2020, a 12.7% increase YOY
Gross profit margin increased by 2.5% to 34.9% in FY2020 mainly due to the higher contribution from operating gross profit
The increase of operating and maintenance income was due to a 5.3% increase in wastewater treatment volume
and a 5.8% increase in the volume of O& M projects
In terms of projects, 16 new wins of wastewater treatment projects, with a total design capacity of 401,300 tonnes
per day 24 new wins o f expansion and upgrading projects, with a total design capacity of 1,547,500 tonnes per day
18 wastewater treatment projects, expansion and upgrading projects and under construction projects have completed
and have commenced commercial operation, with a total design capacity of 720,000 tonnes per day
As of FY2020, the Group hold more than 200 wastewater treatment and water supply projects with total design capacity
more than 12.89 million tonnes per day
End of quote.
SIIC Environment Reports a 4.9% Rise to RMB6.25 billion in Revenue,
Net Profit Attributable to Shareholders Up 5.8% YOY to RMB635.3 Million in FY2020
The Groups revenue amounted to RMB6.25 billion, an increase of 4.9% year-on-year (YOY)
The Groups net profit attributable to shareholders amounted to RMB635.3 million, an increase of 5.8% YOY
Operating and maintenance income and financial income from service concession arrangements amounted to
RMB3.77 billion in FY2020, a 12.7% increase YOY
Gross profit margin increased by 2.5% to 34.9% in FY2020 mainly due to the higher contribution from operating gross profit
The increase of operating and maintenance income was due to a 5.3% increase in wastewater treatment volume
and a 5.8% increase in the volume of O& M projects
In terms of projects, 16 new wins of wastewater treatment projects, with a total design capacity of 401,300 tonnes
per day 24 new wins o f expansion and upgrading projects, with a total design capacity of 1,547,500 tonnes per day
18 wastewater treatment projects, expansion and upgrading projects and under construction projects have completed
and have commenced commercial operation, with a total design capacity of 720,000 tonnes per day
As of FY2020, the Group hold more than 200 wastewater treatment and water supply projects with total design capacity
more than 12.89 million tonnes per day
End of quote.