Jupiter2017
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Starting a new thread since cannot find existing thread.
CITIC Envirotech *Official* (SGX: CEE)
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Jupiter2017
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http://www.businesstimes.com.sg/companies-markets/citic-envirotech-secures-46b-yuan-china-project
Tue, Oct 31, 2017 - 6:15 PM
Citic Envirotech secures 4.6b yuan China project
CITIC Envirotech (CEL) bagged its largest project to date in Lanzhou City, China worth 4.6 billion yuan consisting of a public-private partnership project for wastewater treatment and an engineering procurement and construction project for land remediation.
The wastewater treatment project involves the investment, upgrading and expansion of an existing conventional 200,000 cubic metres/day municipal wastewater treatment plant (WWTP) into a 400,000 cu m/day underground WWTP using CEL's proprietary Membrane Bioreactor technology.
The land remediation project involves the provision of land clean-up services as well as the planning, designing and implementation of an ecological environmental system for about 124,000 sq m of land located in Anning District of Lanzhou City.
The project will commence immediately, and is expected to be completed within two years. The capital injection of the above project is from internal resources and bank financing, and has no material effect on the net tangible assets per share or earnings per share of the company for the financial year ending Dec 31, 2017.
Lin Yucheng, group CEO and executive director of CEL, said: "We are seeing the trend for more big scale PPP (public-private partnership) projects in China to package various environmental aspects such as wastewater treatment and recycling, river restoration, land remediation and waste management into a single project to deliver a holistic solution."
In addition to its membrane technology for water treatment, he added, CEL is also expanding its technology footprint into waste management, river restoration and ecological remediation to tap into the "huge business potential" in this area.
Tue, Oct 31, 2017 - 6:15 PM
Citic Envirotech secures 4.6b yuan China project
CITIC Envirotech (CEL) bagged its largest project to date in Lanzhou City, China worth 4.6 billion yuan consisting of a public-private partnership project for wastewater treatment and an engineering procurement and construction project for land remediation.
The wastewater treatment project involves the investment, upgrading and expansion of an existing conventional 200,000 cubic metres/day municipal wastewater treatment plant (WWTP) into a 400,000 cu m/day underground WWTP using CEL's proprietary Membrane Bioreactor technology.
The land remediation project involves the provision of land clean-up services as well as the planning, designing and implementation of an ecological environmental system for about 124,000 sq m of land located in Anning District of Lanzhou City.
The project will commence immediately, and is expected to be completed within two years. The capital injection of the above project is from internal resources and bank financing, and has no material effect on the net tangible assets per share or earnings per share of the company for the financial year ending Dec 31, 2017.
Lin Yucheng, group CEO and executive director of CEL, said: "We are seeing the trend for more big scale PPP (public-private partnership) projects in China to package various environmental aspects such as wastewater treatment and recycling, river restoration, land remediation and waste management into a single project to deliver a holistic solution."
In addition to its membrane technology for water treatment, he added, CEL is also expanding its technology footprint into waste management, river restoration and ecological remediation to tap into the "huge business potential" in this area.
Jupiter2017
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http://www.businesstimes.com.sg/companies-markets/citic-envirotechs-q3-net-profit-jumps-154
Thu, Nov 02, 2017 - 6:23 PM
Citic Envirotech's Q3 net profit jumps 154%
INTEGRATED environmental solutions provider Citic Envirotech reported a 154 per cent jump in net profit for the three months ended Sept 30, 2017.
Its net profit attributable to shareholders climbed to S$58.8 million for Q3 2017, from S$23.1 million the year before.
Its revenue doubled year-on-year to S$273.9 million, from S$137.1 million. Citic Envirotech said that this was due mainly to the increased takings by its engineering business.
Its earnings per share was 2.50 Singapore cents, compared to 0.98 Singapore cent last year.
Looking ahead, Citic Envirotech said that it has gained significant traction in securing more projects in its water investment and engineering businesses. It has also been providing more comprehensive environmental services in river restoration, hazardous waste, sludge management and integrated environmental services.
"With the Chinese government's push towards protecting the environment, we anticipate that these new business segments will form the next growth driver and contribute positively to the revenue for the group in the coming year," its press release said.
Citic Envirotech's shares closed Thursday one Singapore cent down to 78 Singapore cents.
Thu, Nov 02, 2017 - 6:23 PM
Citic Envirotech's Q3 net profit jumps 154%
INTEGRATED environmental solutions provider Citic Envirotech reported a 154 per cent jump in net profit for the three months ended Sept 30, 2017.
Its net profit attributable to shareholders climbed to S$58.8 million for Q3 2017, from S$23.1 million the year before.
Its revenue doubled year-on-year to S$273.9 million, from S$137.1 million. Citic Envirotech said that this was due mainly to the increased takings by its engineering business.
Its earnings per share was 2.50 Singapore cents, compared to 0.98 Singapore cent last year.
Looking ahead, Citic Envirotech said that it has gained significant traction in securing more projects in its water investment and engineering businesses. It has also been providing more comprehensive environmental services in river restoration, hazardous waste, sludge management and integrated environmental services.
"With the Chinese government's push towards protecting the environment, we anticipate that these new business segments will form the next growth driver and contribute positively to the revenue for the group in the coming year," its press release said.
Citic Envirotech's shares closed Thursday one Singapore cent down to 78 Singapore cents.
Jupiter2017
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http://www.businesstimes.com.sg/com...secures-130m-yuan-contract-from-fujian-haixia
Citic Envirotech secures 130m yuan contract from Fujian Haixia
MON, DEC 18, 2017 - 6:40 PM NAVIN SREGANTAN navinsre@sph.com.sg
WASTEWATER treatment firm Citic Envirotech Ltd (CEL) on Monday revealed that it has secured an engineering, procurement and construction contract worth 130 million yuan (S$26.55 million) for the upgrading and expansion of a wastewater treatment plant in China's Xiangban City.
The project, awarded to Citic by Fujian Haixia Environmental Protection Group (Fujian Haixia), will see Fujian Haixia's existing 80,000 cubic metre/day conventional wastewater treatment plant expand to a 90,000 cubic metre/day plant using CEL's membrane bioreactor technology.
As a result of the proposed expansion, the treated water quality will improve from Grade 1B to Grade 1A discharge standard.
The project will commence immediately and is expected to be completed by June 30, 2018, the Mainboard-listed company said in a filing after the market closed.
CEL shares ended S$0.005 or 0.7 per cent higher at S$0.735 on Monday.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CEE.SI
Citic Envirotech secures 130m yuan contract from Fujian Haixia
MON, DEC 18, 2017 - 6:40 PM NAVIN SREGANTAN navinsre@sph.com.sg
WASTEWATER treatment firm Citic Envirotech Ltd (CEL) on Monday revealed that it has secured an engineering, procurement and construction contract worth 130 million yuan (S$26.55 million) for the upgrading and expansion of a wastewater treatment plant in China's Xiangban City.
The project, awarded to Citic by Fujian Haixia Environmental Protection Group (Fujian Haixia), will see Fujian Haixia's existing 80,000 cubic metre/day conventional wastewater treatment plant expand to a 90,000 cubic metre/day plant using CEL's membrane bioreactor technology.
As a result of the proposed expansion, the treated water quality will improve from Grade 1B to Grade 1A discharge standard.
The project will commence immediately and is expected to be completed by June 30, 2018, the Mainboard-listed company said in a filing after the market closed.
CEL shares ended S$0.005 or 0.7 per cent higher at S$0.735 on Monday.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CEE.SI
Jupiter2017
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http://www.businesstimes.com.sg/com...l-15-stake-in-united-envirotech-water-changyi
Citic Envirotech acquires additional 15% stake in United Envirotech Water (Changyi)
THU, JAN 04, 2018 - 7:39 PM CHIA YAN MIN chiaym@sph.com.sg
CITIC Envirotech (CEL) will acquire an additional 15 per cent stake in its subsidiary, United Envirotech Water (Changyi) Co, from an existing minority shareholder for 32.5 million yuan (S$6.6 million).
CEL will have full ownership of Changyi Co post-acquisition.
Changyi Co runs five industrial wastewater treatment plants in Changyi City, Shandong province, with a total design capacity of 200,000 cu m per day.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CEE.SI
Citic Envirotech acquires additional 15% stake in United Envirotech Water (Changyi)
THU, JAN 04, 2018 - 7:39 PM CHIA YAN MIN chiaym@sph.com.sg
CITIC Envirotech (CEL) will acquire an additional 15 per cent stake in its subsidiary, United Envirotech Water (Changyi) Co, from an existing minority shareholder for 32.5 million yuan (S$6.6 million).
CEL will have full ownership of Changyi Co post-acquisition.
Changyi Co runs five industrial wastewater treatment plants in Changyi City, Shandong province, with a total design capacity of 200,000 cu m per day.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CEE.SI
endlssorrow
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I heard many review BUY for this
Layers
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This stock is quite a disappointment....heavily manipulated since the FA are very strong but there is no reaction at all in prices....Basically SG market is too small and very controlled....doesn't matter if the stock is a gem, as long as the BBs are not interested in pushing it up, then it's useless...Very sianz...
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