CITIC Envirotech (CEL)

SINGAPORE (Jan 9): UOB Kay Hian expects CITIC Envirotech's recent share placement to help secure the multiple mega projects management is bidding for.

SINGAPORE (Dec 15): UOB KayHian says CITIC Envirotech’s (CEL) recent price correction offers investors a buying opportunity.

SINGAPORE (Nov 7): UOB KayHian is reiterating its “buy” call on CITIC Envirotech with a target price of $1.10 now that the group has delivered on its target to win $1 billion worth of projects, hitting about $1.5 billion.

SINGAPORE (Nov 2): CITIC Envirotech, the membrane-based environmental solutions provider, reported 3Q17 earnings ended Sept more than doubled to $61 million from $23.6 million a year ago.

SINGAPORE (Oct 31): CITIC Envirotech has been awarded its largest project to-date in Lazhou City, the capital of Gansu province in China.

SINGAPORE (Sept 6): CITIC Envirotech is acquiring a 60% stake in CITIC Qingyuan Development Co. in Guangdong province, China, for RMB378 million ($78.2 million).

SINGAPORE (Sept 4): CITIC Envirotech has secured a hazardous waste treatment project in China’s Binzhou City for a total investment of RMB 315 million ($65.2 million).

SINGAPORE (July 26): UOB KayHian expects a “fantastic” 2H17 for CITIC Envirotech (CEL) as the water recycler remains on track to meet its new contract wins target of $1 billion for 2017.

SINGAPORE (July 6): UOB Kay Hian is maintaining its “buy” call on CITIC Envirotech (CEL) with a target price of $1.10, noting that its current share price has reached attractive levels as the group remains on track to delivering record results.

SINGAPORE (April 28): China-based companies in the water and wastewater treatment sector appear to be awash in contracts.