Hankore

MDR may be a better bet.

Buy before it is too late...

Strong accumulation continues today

HanKore has done exceedingly well with the implicit endorsement of Alan Wang of Asdew Acquistions. Mr Wang bought at 5 cents and the stock has climbed to 7.6 cents as of today.



Singapore, 18 July 2013 – HanKore Environment Technology Group, an international group investing and operating in the water environment sector and a leader in the water environment market in China, has today announced that it has entered into a placement agreement with Mr. Wang Yu Huei, Managing Director of Asdew Acquisitions Pte.
Ltd., where he will subscribe for 293,617,000 new ordinary shares at the issue price of S$0.05 per Placement Share of the Group.

Upon completion of the placement exercise, Mr. Wang Yu Huei will hold 6.09% of the enlarged share capital of the Group and emerge as a substantial shareholder of HanKore. The estimated net proceeds from the proposed placement is approximately S$14.7 million. The net proceeds will be
channeled mainly to fund new investment in water treatment projects and working capital.

The Edge's current edition has an article on HanKore and chairman David.


1. David said " we now have six projects to expand." Construction cost for six projects (in addition to the 11 wastewater projects) RMB500M

2. Compared HK to Beijing Enterprises Water Group and Beijing Origin Technology (billion dollar companies listed in HKSE) instead of local water players. David said " we have our strategies" to compete with them.

3. HK is on the hunt for acquisition opportunities. David said " We will be ramping up M & A" .

4. HK moving HQ from Beijing to Singapore, office Shenton Way. The $4.9M for Hankore International Pte Ltd is invested so that David can get his employment pass. (His PR was rejected) He will be moving six senior managers (incl CEO) to Singapore office. Must be for corporate development in the next two years. David already started his integration into Singapore by pursuing an executive MBA at the NUS. What s-chip stigma, local NUS grad soon! Temasek listening? Your new boy is potentially hyflux in china.

5. Capacity of HK's 11 existing projects is planned to grow to 2.47M tonnes per day from the current contracted 1.57M tonnes per day.

6. HK is capable to move up the value chain such as water recycling, sludge management, deodarising plants

7. David said "There will be significant improvement in our earnings this year and in 2015. We have entered a growth stage."

Then The Edge quoted Maybank Kim Eng's Wei Bin who said " The turnaround might be sustainable, given the better earnings visibility and clearner balance sheet." (I think the 3 statements are wonderful testament for HK!!!) and UOBKayhian's Loke Chunying (research on 22 Aug) that HK's PE is 8X compared to peers 22X (I think this is not so relevant).

The Edge's current edition has an article on HanKore and chairman David.


1. David said " we now have six projects to expand." Construction cost for six projects (in addition to the 11 wastewater projects) RMB500M

2. Compared HK to Beijing Enterprises Water Group and Beijing Origin Technology (billion dollar companies listed in HKSE) instead of local water players. David said " we have our strategies" to compete with them.

3. HK is on the hunt for acquisition opportunities. David said " We will be ramping up M & A" .

4. HK moving HQ from Beijing to Singapore, office Shenton Way. The $4.9M for Hankore International Pte Ltd is invested so that David can get his employment pass. (His PR was rejected) He will be moving six senior managers (incl CEO) to Singapore office. Must be for corporate development in the next two years. David already started his integration into Singapore by pursuing an executive MBA at the NUS. What s-chip stigma, local NUS grad soon! Temasek listening? Your new boy is potentially hyflux in china.

5. Capacity of HK's 11 existing projects is planned to grow to 2.47M tonnes per day from the current contracted 1.57M tonnes per day.

6. HK is capable to move up the value chain such as water recycling, sludge management, deodarising plants

7. David said "There will be significant improvement in our earnings this year and in 2015. We have entered a growth stage."

Then The Edge quoted Maybank Kim Eng's Wei Bin who said " The turnaround might be sustainable, given the better earnings visibility and clearner balance sheet." (I think the 3 statements are wonderful testament for HK!!!) and UOBKayhian's Loke Chunying (research on 22 Aug) that HK's PE is 8X compared to peers 22X (I think this is not so relevant).