United Envirotech stock has turned out to be a 3-bagger over the past 52 weeks. Chart: BloombergUNITED ENVIROTECH stock touched a record high of $1.005 yesterday, ahead of the release of its full-year results (ending March 31).A leading membrane-based water treatment solutions provider, United Envirotech had a record year with a 196.2% jump in net profit to S$31.0 million for FY2013.
The surge in net profit came on the back of a 116.9% year-on-year rise in revenue to S$185.0 million.
There was a 131.9% increase in engineering business segment revenue to S$144.5 million and a 76.5% increase in treatment business segment revenue to S$40.6 million.
Operating profit from recurring treatment business segment increased to S$17.4 million.
There was a 131.9% increase in engineering business segment revenue to S$144.5 million and a 76.5% increase in treatment business segment revenue to S$40.6 million.
Operating profit from recurring treatment business segment increased to S$17.4 million.
The company proposed a final dividend of 0.5 cent a share, up from 0.3 cent in FY2012.
Dr Lin Yucheng, chairman & CEO. NextInsight file photoManagement continues to see growing demand for membrane-based water and waste-water treatment services, especially in China, mainly arising from stricter discharge limits imposed by the Chinese government and the shortage of water supply in various parts of the mainland.
Dr Lin Yucheng, chairman & CEO. NextInsight file photoManagement continues to see growing demand for membrane-based water and waste-water treatment services, especially in China, mainly arising from stricter discharge limits imposed by the Chinese government and the shortage of water supply in various parts of the mainland.Dr Lin Yucheng, the Chairman and CEO, said: "We will continue to invest in more recurring income projects, particularly industrial wastewater treatment projects, as such projects capitalise on our technological advantage and generate higher margin.”
CHASEN HOLDINGS has just reported achieving 7 project wins worth a total of S$19.3 million.
The group’s wholly-owned subsidiary in Shanghai secured three projects for a total of RMB14.6 million (approximately S$2.9 million).
The projects consist of:
(i) move-in of equipment and related services for an 8.5G TFT/LCD manufacturer in Beijing, PRC;
(ii) move-in of equipment and related services for an 8.5G TFT/LCD manufacturer plant extension in Shenzhen, PRC and
(iii) move-in of equipment and related services for a 6.5G TFT/LCD manufacturer in Xiamen, PRC.
(i) move-in of equipment and related services for an 8.5G TFT/LCD manufacturer in Beijing, PRC;
(ii) move-in of equipment and related services for an 8.5G TFT/LCD manufacturer plant extension in Shenzhen, PRC and
(iii) move-in of equipment and related services for a 6.5G TFT/LCD manufacturer in Xiamen, PRC.
These projects started this month (May) and collectively end by October 2013.
These project wins come hot on the heels of a similar project in Anhui Province, announced earlier this month, and greatly increases Chasen’s recognition as a quality relocation specialist in China.
These project wins come hot on the heels of a similar project in Anhui Province, announced earlier this month, and greatly increases Chasen’s recognition as a quality relocation specialist in China.
Specialist relocation services provided by Chasen involve the movement of sensitive high-tech equipment. Picture (right): NextInsight file photo The Group has also secured four project wins in Singapore and Malaysia for S$16.4 million.
The nature of these projects vary widely, ranging from
(i) the cyclical replacement of chilled water AHU/CRAUs and fabrication and installation of base frames for ACMV equipment for communication centers and underground rail stations in Singapore;
(ii) the construction, completion and maintenance of structural redevelopment works of a key government complex and HQ building in Changi, Singapore;
(iii) the fabrication and supply of metal form curve beams and planter boxes for a general hospital and community hospital in Jurong and
(iv) the construction of 3-storey terrace houses and semi-detached houses in Klang, Selangor, Malaysia.
These projects will be carried out with different durations, ranging from three months to 16 months. They commenced from April 2013 and would collectively end by August 2014.
Recent story: CHASEN: Upgrades to Mainboard from Catalist
(i) the cyclical replacement of chilled water AHU/CRAUs and fabrication and installation of base frames for ACMV equipment for communication centers and underground rail stations in Singapore;
(ii) the construction, completion and maintenance of structural redevelopment works of a key government complex and HQ building in Changi, Singapore;
(iii) the fabrication and supply of metal form curve beams and planter boxes for a general hospital and community hospital in Jurong and
(iv) the construction of 3-storey terrace houses and semi-detached houses in Klang, Selangor, Malaysia.
These projects will be carried out with different durations, ranging from three months to 16 months. They commenced from April 2013 and would collectively end by August 2014.
Recent story: CHASEN: Upgrades to Mainboard from Catalist
