The reclamation, as Chan notes, is via an alternative method of using polders, which is deemed a breakthrough and is setting the way for how Singapore will reclaim land in the future.
Sanli Environmental has shown its niche expertise in a potentially big industry. Given the trajectory of contracts won, the company might be able to double its earnings in the coming two, or three years, says SAC Capital's Matthias Chan.
In his unrated note on Jan 24, Chan points out that Sanli Environmental (SGX:1E3
) is the only engineering company involved in the engineering, procurement and construction (EPC) of the network of water pumping systems for the land reclamation project at Pulau Tekong.
