China Everbright    Last:0.225    +0.005

China Everbright

Bid Bid Vol(K) Ask Ask Vol(K)
0.230 117.4 0.235 100
0.225 432.5 0.240 509
0.220 492 0.245 423
0.215 1,046.3 0.250 146.9
0.210 1,031.7 0.255 4
0.205 489 0.260 25
0.200 953.6 0.265 1
0.199 54 0.275 40
0.198 120 0.350 100
0.197 50 0.370 15



Trade with market depth

 

Maybe management scare that we shareholders will tekan them during agm. Grant them share buyback power every year, but still watch on the sideline when BBs manipulate stock price downwards.

If don't know how to use share buyback power, might as well stop granting them this year. Kanasai betul

Oldschool      ( Date: 08-Jun-2020 09:46) Posted: Finally, starting to go up....

 

Finally, starting to go up....

 

Got big boys manipulate downwards.

Oldschool      ( Date: 03-Jun-2020 10:28) Posted: I cannot understand why this stock remains so undervalued.

 

 

ohhh... i went through your thoughts on cornered

but the volumes since nov 2019 and recently from the fall in march 2020

does it means more cornered?

2.9billion shares with 75% in major holder (means 25% outside)

say 700000 lots which is 700 million shares

that is still very plentiful left for anyone to corner

you need 140 million to corner it further in the lowest price (not 0.195 la using 20 cents)

also others talk about PE and GO privatization

this counter definitely looks too tasty to harvest liao

maybe still dangerous la (cause s chips)

but with the amount of liquidity and delisting of slightly better china firms recently

this one i get in a bit cause see got chance.

lets see if wrong or right

there were rousing on late dividends etc
(many counter also delayed abit)

but this still give and i suppose upcoming maybe have again? (please enlighten)
if so even at 20 cent is still 6.5% (buy higher lower % dividend la)

only time will tell but aside all these reason.
core reason i buy is because water projects is gonna be constant and big in urbanized china
environmental guy here

so envfriendly sometimes i tempted to fight jungle warfare with girls )

 

hello mr cornered speaker

can you please emphasize and contribute

don' t come in with 2 liners

lol can see you are online

 

lol i more interested in the details of cornered.

small vestings

 

Same here, been waiting and waiting, but nothing is happening.

Oldschool      ( Date: 03-Jun-2020 10:28) Posted: I cannot understand why this stock remains so undervalued.

 

I cannot understand why this stock remains so undervalued.

 

0.0067 distribution plus maybe another one in coming in sep oct or nov at ard same amt like got meat leh

good : plus contract wins, strong backing, chart like ok.

bad :but skully s-chip style again. scary. who knows for sure.

[just for learning] really interested to know what corner means] means up? means down? means frozen?

how to see? graphs etc. gam xia liao

 

really don' t understand.

you type very short.

also you are always at yanzijiang there lol suddenly jump here. (it' s forum i respect this) but really type more la.

just like how i threw REAL CAUTION TO EHT, with real facts. please be constructive and contribute.

want to help, help full. don' t half way.
half flack is worse than no flack

arigato

 

don' t understand.

means what?

SAVIORFOREVER      ( Date: 29-May-2020 11:08) Posted: This one is dangerous. Cornered. Trade with no corners

 

This one is dangerous. Cornered.




Trade with no corners

 

China Everbright bags deal to expand Shandong wastewater treatment plant

THU, MAY 28, 2020 - 8:04 PM

CHINA Everbright Water has clinched a contract to expand the Dezhou Lingcheng Wastewater Treatment Project in China&rsquo s Shandong province, the mainboard-listed company announced in a Thursday bourse filing.

It has signed a supplementary agreement with the Lingcheng District Government of Dezhou City for the project, which entails an investment of 130 million yuan (S$26.2 million). 

The project will have a daily waste-water treatment capacity of 30,000 cubic metres (cu m), a daily defluoridation capacity of 60,000 cu m and a sludge-reduction facility. The discharged water will meet at least the national Grade 1A standard, going by the discharge standard of pollutants for municipal wastewater treatment plants, China Everbright said. 

An Xuesong, chief executive of China Everbright, said that the latest project &ldquo shows that the company&rsquo s business strength, quality and brand are well recognised and supported by the local government authorities and the public&rdquo . 

" The company will proactively leverage the economies of scale and synergies from these projects to provide water-treatment services with better quality and higher efficiency. By these means, China Everbright will better fulfill the waste-water treatment demand of Dezhou City, facilitate the improvement of water quality of the river transect of the Hai River basin in the city, and continue improving the quality of the local water environment and living environment,&rdquo he added.  Shares of China Everbright closed at S$0.199 on Thursday, down S$0.001 or 0.5 per cent.
https://www.businesstimes.com.sg/companies-markets/china-everbright-bags-deal-to-expand-shandong-wastewater-treatment-plant
 

 

20 cents looks bottomed

 

CITIC Envirotech was privatised in Dec 2019 and Darco just got a GO as well

shadow11      ( Date: 02-May-2020 09:51) Posted: Tot got a water treatment coy got privatise? Sudden forgotten the name. lailai      ( Date: 02-May-2020 09:10) Posted: This counter is a joke. Funni, as u put it. Before under Hankoh' s David Chen, it was the rage, top vol daily, like the live of sgx mkt.. Now under CEWL' s management, it is absolutely neglected and totally undervalue, as u have correctly observed. Imo, this coy under this grp has no liao for mkt value. Suppose to distribute the div in May(?), but says becoz of covid, cannot give until meeting conducted. Meeting was conveniently postponed. What an excuse!. Other companies can hold their meetings thru Live webcast, but CEWL chose to postpone.  Company has mandate for buyback to enhance its mkt value, as so often being said, but when did it buyback. Wayang show only lah. Talk about dual listing with HK to prop up mkt value, but those investors now can see this is just talk only, probably now regretted believing. When does coy do anything to enhance the share value. No use boasting about won this project, that project, cos these announcements does nothing to boost investors confidence. Even a simple distribution of div can be such a legal task to give. Makes my toe laugh.  No wonder price is so neglected in spite of nav 53.3, cih 12.4cps, pe 4, div 6.439 (pending postpostponed meeting outcome?). Not forgetting making impressive profits year after year. Imo, this kongsi is worth $1-2, but alas what a bunch of unimpressive management from investors' point of view! Understand they have also done away with the qtrly reporting, to keep investors less informed lah.

 

Took a closer look at CEWL and SIIC - appears to be real undervalued. Still remember the days of this being HanKore and market darling together with the other Chinese water stocks but gone were those days. CITIC Envirotech now privatised, Darco also got a GO offer - potentially CEWL and SIIC to be next given such distressed valuations despite being highly profitable?

Can' t quite see how Covid-19 impacts their business if anything, it may be worries on their debt but given their SOE backing and accessibility to relatively cheaper cost of debt, don' t quite see how its an issue. Seems like a rather compelling buying opportunity at current price - question is who else is selling the stock at this level?

 

Actually realised that the hit to valuations is somewhat across the board, Beijing Water Enterprise 371.HK is also trading at just 5.6x PE and trading under book value for the first time in almost a decade. Gotta agree that CEWL' s valuation is way depressed trading at just 0.35x PB and 3.7x PE at 20c

shadow11      ( Date: 02-May-2020 21:47) Posted: At 3x pe. Sure kana taken private by PRC.

 

Very good! Now just wait to Huat.