Sino Environment is up 6 cents now. Why?

volume is heavy at 3.7 million shares so far today. was up 9 cents last Friday. anyone knows why this fella cheong? is the market expecting a good set of results from this stock which currently is a long way from analysts\' fair value?

a friend sent me the comments of Sebastian Chong who is enthusiastic about Sino Environment. comments were made last friday: \"Sino-Env up 9 cents today on heavy volume to close at 1.26. Either an announcement of a contract is coming or the results for Q2 and H1 ended 30 June 2008 must be very impressive. Or is this just the beginning of Olympic buying. Virtually all Asian markets down today except for Shanghai and Hong Kong. Might be worth holding on for at least a couple of weeks to see how high it can go in the short term. I leave it to readers to decide when Sino is deemed to be over-valued if it runs up too fast. In the first 5 months of this year, we saw it beaten down to 70 cents and then bought all the way up to $2.03 before coming down to just above $1 a couple of weeks ago. This stock has a bad habit of surging up quickly and then falling just as quickly once market sentiment turns. Take care. It will be nice if it can run up to at least $1.80 in the next few weeks before we take profit? It is really hard to say when is a good time to take profit. If it does not go up to a crazy price, then partial profit taking might be worth considering. What do the rest think?\"

hv just noticed that sino env has shot up another 6 cents today. closed at S$1.43. volume was 4.777 m shares, which is very heavy. last friday closed up 9 cents at S$1.26, so it has come a long way in just the last 3 trading days.

OCBC INVESTMENT RESEARCH JULY 10: Retain BUY with S$2.26 fair value. We continue to like SinoEnv\'s unique proposition as a wastegas treatment company and its ability to ride on the growing environmental awareness in China. Hence we retain our BUY rating and S$2.26 fair value. Furthermore, with the recent market correction, the stock is trading at around 8.9x FY08F PER and 6.8x FY09F PER, a far cry from its 18x average since its April 2006 listing. SinoEnv recently announced that it has successfully bided and won the tender for a desulphurization (DeSOx) project with Xinjiang Tianshan Power Co Ltd. The 12-month long project for the retrofitting of Manasi (6 x 100MW capacity) power plant in Urumuqi, Xinjiang is worth at least RMB120m (actual amount will be finalized upon the completion of technical evaluations) and the construction will start in early 2009. SinoEnv has also submitted a bid for the second phase of the Manasi project for a 2 x 300MW capacity power plant that is potentially worth RMB180m. Management is optimistic that its bid would be successful.

sino env closed up 7 cents today (Friday, Aug at S$1.44. Volume very big at 2,430,000 shares.

analyst Jessie Lai of cimb-gk put out a report on Aug 8 on Sino-Env SINE’s 100%-owned subsidiary, Sino-Environment Clean Power Technology, is paying Rmb288m (S$57.6m) for the balance 40% stake in its dust elimination arm, Fujian Weidong Environmental Protection Technology (Weidong), from the existing management of the company. The deal is expected to be completed within the month. SINE announced in May 08 that it was contemplating a listing of Weidong on Euronext. The buyout of Weidong’s outstanding 40% stake therefore does not come as a surprise. SINE is also negotiating to acquire another dust elimination company specialising in complementing technologies to Weidong’s. We believe it intends to restructure both companies for a listing on Euronext within the next 12 months. Target price raised to S$2.18 from S$1.97. We have lifted our FY08-10 EPS estimates by 10-13% to factor in the elimination of 40% minority interests for Weidong. No other changes have been made, pending SINE’s 2Q08 results announcement on 11 Aug. Following our earnings upgrade, our target price rises to S$2.18 from S$1.97, still based on sum-of-the-parts valuation. Near-term catalysts could come from a good set of 2Q08 results and M&A activities.