CITIC Envirotech

SINGAPORE (April 26): CITIC Envirotech, the membrane-based water treatment solutions provider, announced earnings of $17 million for the first quarter ended March 31, 41.2% up from $12 million a year ago.

SINGAPORE (April 24): CITIC Envirotech has won two projects in China with a total investment value of RMB 434 million ($88 million).

SINGAPORE (April 10): CITIC Envirotech, the membrane technology-based integrated environmental solutions provider, has secured credit facilities of up to RMB20 billion ($4.1 billion) for five years to finance projects in the water and environmental sector

SINGAPORE (March 29): UOB KayHian is starting coverage on CITIC Envirotech with a “buy” recommendation and target price of $1.10 given the group has a proven track record in water treatment offering superior technological know-how.

SINGAPORE (March 2): DBS Research has upgraded CITIC Envirotech to “buy” with 92 cents target price as it expects the faster pace of deal execution to lead to stronger earnings growth.

SINGAPORE (March 1): CITIC Envirotech posted full-year earnings of $99.3 million, more than double of earnings of $48.3 million recorded a year ago.

SINGAPORE (Feb 14): DBS Group Research likes CITIC Envirotech for achieving breakthroughs in new deals and expects new deal execution to accelerate.

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SINGAPORE (Jan 9): CITIC Envirotech on Monday announced that it has secured its first river restoration project in Jiangsu, China worth RMB 650 million ($135 million).

SINGAPORE (Jan 5): RHB is maintaining its “overweight” call for China's water sector.