Citic Envirotech   

CITIC Envirotech

Definitely will

There is call TP for 0.93

Company been buying back shares at 79-80c

 

I hope this stellar results will finally be reflected in jump of share price.

 

Sorry my bad $0.01 div only

 

Superb results
Final div $0.075 + special $0.025
$0.10 total

Yield over 10%

http://citicenvirotech.listedcompany.com/news.html/id/572320

 

CITIC Envirotech Led Consortium Won The Tender For A RMB 3.2 BILLION PPP Project In Shantou CITY, Guangdong Province, China

The Board of Directors of CITIC Envirotech Ltd. (&ldquo CEL&rdquo or &ldquo Company&rdquo or collectively with its subsidiaries, &ldquo Group&rdquo ) is pleased to announce that a consortium comprising CEL, Guangdong Keying Zhiran Environmental Co., Ltd (&ldquo Guangdong KZ&rdquo ) and Zhongsheng Technology (Jiangsu) Co., Ltd (&ldquo Zhongsheng&rdquo ) was awarded a RMB 3.2 billion PublicPrivate-Partnership (PPP) project in Shantou Chaonan, Guangdong Province, China.  

 

Citic Envirtech not moving at all, despite some positive notes lately in OCBC report :

" The company reported a 67% increase in revenue to $140 million on a y-o-y basis in 2Q16, boosted by increases in engineering, membrane and treatment. (...)  In the sludge treatment sector, the company is in the midst of building its first BOT sludge treatment project in Weifang City, Shadong Province for RMB220 million ($44.6 million).  The company also recently opened its new $25 million innovation centre and membrane production facility in Singapore, thus allowing the company to double the production capacity of its patented third generation Thermally Induced Phase Separation (3G-TIPS) membranes to 10 million sqm per year.   (...) CITIC&rsquo s share price has jumped to $1.83 from its IPO price of 38 cents since it initiated coverage on the company in June 2010. 

Thinking of accumulating, anyone any views on this one ?

 

 

Some shopping coming up?

CITIC ENVIROTECH LTD
(Company Registration Number: 200306466G)
===============================================================
ESTABLISHMENT OF US$750,000,000 MULTICURRENCY PERPETUAL
SECURITIES ISSUANCE PROGRAMME
________________________________________________________________________
The Board of Directors of CITIC Envirotech Ltd. (the " Issuer" ) is pleased to announce that it has
established a US$750,000,000 Multicurrency Perpetual Securities Issuance Programme (the
" Programme" ). In connection therewith, the Issuer has appointed DBS Bank Ltd. to act as the
sole arranger and the dealer of the Programme.
Under the Programme, the Issuer may, subject to compliance with all relevant laws, regulations
and directives, from time to time issue perpetual securities (the " Perpetual Securities" ) in series
or tranches in United States dollars, Singapore dollars and/or any other currency as may be
agreed between the relevant dealer of the Programme and the Issuer. The Perpetual Securities
will be offered by the Issuer pursuant to exemptions invoked under Sections 274 and/or 275 of
the Securities and Futures Act (Chapter 289 of Singapore). Each series of the Perpetual
Securities may be issued in various amounts and may bear fixed or floating rates of distribution.
The senior Perpetual Securities and the coupons relating to them will constitute direct,
unconditional, unsubordinated and unsecured obligations of the Issuer and shall at all times rank
pari passu, without any preference or priority among themselves, and pari passu with all other
present and future unsecured obligations (other than subordinated obligations and priorities
created by law) of the Issuer. The subordinated Perpetual Securities and the coupons relating to
them will constitute direct, unconditional, subordinated and unsecured obligations of the Issuer
and shall at all times rank pari passu, without any preference or priority among themselves, and
pari passu with any Parity Obligations (as defined in the terms and conditions of the Perpetual
Securities) of the Issuer.
The net proceeds arising from each issue of the Perpetual Securities under the Programme (after
deducting issue expenses) will be used by the Issuer and/or its subsidiaries for general corporate
purposes, including but not limited to the refinancing of existing borrowings, making investments
and/or acquisitions, general working capital and corporate purposes.
Application has been made to the Singapore Exchange Securities Trading Limited (the " SGX-ST" )
for permission to deal in and quotation for any Perpetual Securities which are agreed at the time
of issue thereof to be so listed on the SGX-ST. Such permission will be granted when such
Perpetual Securities have been admitted to the Official List of the SGX-ST. The SGX-ST
assumes no responsibility for the correctness of any of the statements made or opinions
expressed or reports contained herein or in the information memorandum dated 14 November
2015 relating to the Programme. Admission to the Official List of, and quotation of any Perpetual
Securities on the SGX-ST is not to be taken as an indication of the merits of the Issuer, its
subsidiaries, its associated companies (if any), its joint venture companies (if any), the
Programme or such Perpetual Securities.

 

The not so good news

Singapore, 28 October 2015 &ndash Mainboard-listed CITIC Envirotech Ltd, a leading membrane-based
water treatment solutions provider reported a 28.9% increase year-on-year (yoy) in its recurring water
treatment revenue of S$7.3 million to S$32.6 million for the second quarter ended 30 September 2015. Its
membrane sales revenue also increased 96.3% yoy from S$5.2 million to S$10.6 million for the same
period.
In addition, gross profit margin for the engineering and membrane sales has increased from 29.2% to 37.6%
due to the increase in membrane sales which has a higher margin for the current period.
However, its total revenue was S$70.9 million, which was S$34.5 million or 32.7% lower than the last
corresponding period ended 30 September 2014 of S$105.4 million. This was mainly due to the decrease
in engineering business, which is lumpy, from S$74.7 million to S$27.7 million, representing a decrease of
S$47.0 million or 62.9%.

 

CITIC Envirotech Ltd recorded increases in Treatment
Revenue and Membrane Revenue by 28.9% and 96.3%
respectively for the second quarter
&bull Recurring water treatment revenue up by S$7.3 million to S$32.6 million
&bull Membrane sales increased by S$5.2 million to S$10.6 million

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content& B=AnnouncementLast12Months& F=SC4UFLC9MPY4LF62& H=a7a4c181dd9345087b7f1fdf0fe6f9efe3b563b999b81f1c5b4a954fb1f5a243

 

Rekindling an old favourite.

 

INCORPORATION OF A SUBSIDIARY
________________________________________________________________________
The Board of Directors of CITIC Envirotech Ltd (&ldquo the Company&rdquo ) wishes to announce
that the Company&rsquo s wholly-owned subsidiary, United Envirotech Water Resource Pte Ltd
has incorporated a subsidiary in Jakarta, Indonesia.
The 70% owned subsidiary, known as PT CITIC Envirotech Indonesia (&ldquo PT CEI&rdquo ), has
an initial paid up capital of USD 600,000. PT CEI will be the main vehicle for the
Company&rsquo s water business in Indonesia.
The capital injection is funded by the Company&rsquo s internal resources.
That above investment has no material effect on the net tangible assets per share or
earnings per share of the Company for the financial year ending 31 December 2015.
None of the directors or substantial shareholders of the Company has an interest, direct or
indirect in the above investment.