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Hi Leeta, timing is important, miss out on HK when I went ICT, came home and logged in and there was blood everywhere. "handyplast" and waiting for the next good run. We should be holding at about same average price. Al my other water counter are merging, citysprings,Kgreen, United enviro. Looking for good exit point to retire.
look at Utd Env is ok ..dont want to look at SIIC..lol.
lictenau ( Date: 20-Jan-2015 11:38) Posted:
| Fuse lit. Liftoff soon and will be in orbit in 5 months. look at united envirotech and SIIC. |
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Fuse lit. Liftoff soon and will be in orbit in 5 months. look at united envirotech and SIIC.
Remembered RRJ managed by ex Goldman banker bought SIIC at $0.085 in 2013
leeeta ( Date: 20-Jan-2015 08:07) Posted:
CHINA EVERBRIGHT WATER LIMITED
Company Registration No.: 34074
(Incorporated in Bermuda)
ALLOTMENT AND ISSUANCE OF 120,690,957 NEW ORDINARY SHARES IN THE CAPITAL OF
CHINA EVERBRIGHT WATER LIMITED AT AN ISSUE PRICE OF S$0.94 PER SHARE
1. INTRODUCTION
1.1 The board of directors (&ldquo Board&rdquo ) of China Everbright Water Limited (the &ldquo Company&rdquo ) is
pleased to announce that the Company has on 19 January 2015 entered into subscription
agreements (each, a &ldquo Subscription Agreement&rdquo ) with each of International Finance
Corporation (&ldquo IFC&rdquo ) and Dalvey Asset Holding Ltd (&ldquo DAH&rdquo , together with IFC, the &ldquo Investors&rdquo ),
which is a wholly-owned subsidiary of RRJ Capital Master Fund II, L.P. which was established
by RRJ Capital (&ldquo RRJ&rdquo ).
1.2 Pursuant to the Subscription Agreements, the Company has agreed to allot and issue, and
the Investors have agreed to subscribe for, an aggregate of 120,690,957 new ordinary shares
in the capital of the Company (&ldquo Subscription Shares&rdquo ), at an issue price of S$0.94 per
Subscription Share (&ldquo Issue Price&rdquo ), representing gross proceeds of approximately
S$113,449,500 (equivalent to approximately US$85,000,000
1
) (collectively, the
&ldquo Subscriptions&rdquo and each, the &ldquo Subscription&rdquo ).
1.3 The Subscription Shares represent approximately 4.85 per cent. of the existing issued and
paid-up share capital of the Company (excluding treasury shares) as at the date of this
Announcement, and approximately 4.63 per cent. of the enlarged issued and paid-up share
capital of the Company (excluding treasury shares) immediately after completion of the
Subscriptions.
1.4 Each Subscription is not inter-conditional on the other Subscription, and completion under
one Subscrip
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CHINA EVERBRIGHT WATER LIMITED
Company Registration No.: 34074
(Incorporated in Bermuda)
ALLOTMENT AND ISSUANCE OF 120,690,957 NEW ORDINARY SHARES IN THE CAPITAL OF
CHINA EVERBRIGHT WATER LIMITED AT AN ISSUE PRICE OF S$0.94 PER SHARE
1. INTRODUCTION
1.1 The board of directors (&ldquo Board&rdquo ) of China Everbright Water Limited (the &ldquo Company&rdquo ) is
pleased to announce that the Company has on 19 January 2015 entered into subscription
agreements (each, a &ldquo Subscription Agreement&rdquo ) with each of International Finance
Corporation (&ldquo IFC&rdquo ) and Dalvey Asset Holding Ltd (&ldquo DAH&rdquo , together with IFC, the &ldquo Investors&rdquo ),
which is a wholly-owned subsidiary of RRJ Capital Master Fund II, L.P. which was established
by RRJ Capital (&ldquo RRJ&rdquo ).
1.2 Pursuant to the Subscription Agreements, the Company has agreed to allot and issue, and
the Investors have agreed to subscribe for, an aggregate of 120,690,957 new ordinary shares
in the capital of the Company (&ldquo Subscription Shares&rdquo ), at an issue price of S$0.94 per
Subscription Share (&ldquo Issue Price&rdquo ), representing gross proceeds of approximately
S$113,449,500 (equivalent to approximately US$85,000,000
1
) (collectively, the
&ldquo Subscriptions&rdquo and each, the &ldquo Subscription&rdquo ).
1.3 The Subscription Shares represent approximately 4.85 per cent. of the existing issued and
paid-up share capital of the Company (excluding treasury shares) as at the date of this
Announcement, and approximately 4.63 per cent. of the enlarged issued and paid-up share
capital of the Company (excluding treasury shares) immediately after completion of the
Subscriptions.
1.4 Each Subscription is not inter-conditional on the other Subscription, and completion under
one Subscrip
Trading halt since last Thursday.... Something brewing?
30x FY15 PE? The analyst must have made up his mind to call a buy, and then just put a high PE to justify the high target price to support the buy call.
Msport ( Date: 13-Jan-2015 10:27) Posted:
China Everbright Water (BUY S$1.060 Bloomberg: CEWL SP | Reuters: CEWL.SI)
In full swing for M& As
Price Target : 12-Month S$1.20
by Patricia YEUNG (852) 2863 8908 [email protected]
‧ Strong backing from parent to become a top three water player through M& A and securing BOT projects
‧ Expect water portfolio to expand from 3.4m tons/day to > 6m tons by FY16
‧ Robust earnings CAGR of > 30% from FY14 to FY16
‧ Initiate coverage with a BUY and TP of S$1.20
A new leaf. Following the success of the reverse takeover by China Everbright International (257 HK) (CEI), China Everbright Water (CEW) has become CEI' s platform for investments in water operation projects. With backing from its parent, CEW has strong ties to local governments and banks which in turn allow CEW to grow faster and enjoy lower funding rates.
In high gear. Management targets to increase its daily capacity from 3.4m tons currently to 5m tons, and become a top three player in the sector within two to three years. These targets would be achieved through M& As and entering into new related segments, such as water supply. Given CEW' s low net debt-equity ratio of just 20%, it has a strong war chest for acquisitions.
Expect > 30% earnings CAGR. In our view, CEW' s targets are conservative and its daily capacity could reach 5m tons within 12 months. In fact, we expect CEW to acquire 1m tons of operating capacity in each of FY15 and FY16. Coupled with potential new BOT projects from successful tenders, total contracted capacity could reach > 6m tons by FY16. These development plans would result in earnings CAGR of > 30% from FY14 to FY16, which is one of the highest amongst Hong Kong and Singapore water stocks.
Initiate with BUY. As CEW is poised to become a top three player in the China water sector with robust earnings growth, we reckon CEW deserves to trade at a premium to its peers, and set our target price at S$1.20, based on 30x FY15 PE (lower than 1SD from a 2-year historical average).
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I remeber when Hankore go down, all blame Leeta.
One of them, even go to the extend of creating fake nick to rub salt and promote himself as the saviour.
This guy is none other than Hellogoodbye.
Now that Hankore has recovered, can we ask this Hellogoodbye to take up responsbility for what he said back then and apologise?
Aberdeen321
Member |
HanKore Env / News and discussion / Posted: 18-May-2014 23:51  Go to Message |
 x 0
 x 0 |
Bro, thanks for your kind warning back there but don' t worry this has nothing to do with you. Also I am just raising awareness among fellow users here, not doing bo liao stuff.
hellogoodbye ( Date: 18-May-2014 23:35) Posted:
lol bro dun anyhow drag me in..you mention me later they think i anyhow set up account. i where got so bo liao do such stuff one. LOL
Aberdeen321 ( Date: 18-May-2014 22:57) Posted:
Now this is what I call changing the topic. You know what you have done! If not for Bro Hellogoodbye warning, more people could have fell for it. Those are our nesteggs, please have a heart. |
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what is up with the trading halt?
China Everbright Water (BUY S$1.060 Bloomberg: CEWL SP | Reuters: CEWL.SI)
In full swing for M& As
Price Target : 12-Month S$1.20
by Patricia YEUNG (852) 2863 8908
[email protected]
‧ Strong backing from parent to become a top three water player through M& A and securing BOT projects
‧ Expect water portfolio to expand from 3.4m tons/day to > 6m tons by FY16
‧ Robust earnings CAGR of > 30% from FY14 to FY16
‧ Initiate coverage with a BUY and TP of S$1.20
A new leaf. Following the success of the reverse takeover by China Everbright International (257 HK) (CEI), China Everbright Water (CEW) has become CEI' s platform for investments in water operation projects. With backing from its parent, CEW has strong ties to local governments and banks which in turn allow CEW to grow faster and enjoy lower funding rates.
In high gear. Management targets to increase its daily capacity from 3.4m tons currently to 5m tons, and become a top three player in the sector within two to three years. These targets would be achieved through M& As and entering into new related segments, such as water supply. Given CEW' s low net debt-equity ratio of just 20%, it has a strong war chest for acquisitions.
Expect > 30% earnings CAGR. In our view, CEW' s targets are conservative and its daily capacity could reach 5m tons within 12 months. In fact, we expect CEW to acquire 1m tons of operating capacity in each of FY15 and FY16. Coupled with potential new BOT projects from successful tenders, total contracted capacity could reach > 6m tons by FY16. These development plans would result in earnings CAGR of > 30% from FY14 to FY16, which is one of the highest amongst Hong Kong and Singapore water stocks.
Initiate with BUY. As CEW is poised to become a top three player in the China water sector with robust earnings growth, we reckon CEW deserves to trade at a premium to its peers, and set our target price at S$1.20, based on 30x FY15 PE (lower than 1SD from a 2-year historical average).
Leeta,
You have been invested in this counter for a long time since a few threads ago.
Any take on your opinion that it will run ? What price would you be looking to unload?
Patience..this one will run.
Must be careful wor, price currently at previous resistance level. Volume today doesn' t look promising, wait for tomorrow for confirmation to either add on to counter or just unload.
Wait until it rises to 1.20 for true excitement to begin! In the meanwhile, it will be good if some funds come and invest in Everbright Water - potentially a good stock for the mid-to-long term. It is also time for the new CEO to show his mettle ... like announcing some new projects in quick succession. Vested.
1.08 yet this thread is dead!
For the blur ones like me, Hankore has changed it name to China Everbright. Price has rebounded too with the name change.Hope the trend continues.....
come from 8.9% against? They do not like this deal.
Anyone know from which side?
I tot takeover pass liao consider gd news.. weird leh..
