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CITIC Envirotech (CEL)

Results

CITIC Envirotech sinks to 3Q loss of $7.2 mil as engineering revenue dries up

SINGAPORE (Oct 25): Mainboard-listed environmental protection solutions provider CITIC Envirotech (CEL) plunged into the red with losses of $7.2 million for the 3Q19 ended September, from earnings of $21.9 million a year ago.

Markets

British currency takes a pounding as Queen approves Parliament suspension plan

SINGAPORE (Sept 2): The British pound dropped over 1% as newly minted Prime Minister Boris Johnson gained approval from Queen Elizabeth II to suspend Parliament, a move many say will devastate any attempts by members of Parliament to stop a no-deal Brexit

Results

CITIC Envirotech 2Q earnings fall 66% to $15 mil on lower sales

SINGAPORE (July 24): CITIC Envirotech, the provider of environmental engineering services, reported a 65.6% fall in 2Q19 earnings ended June to nearly $15 million from $43.5 million a year ago.

Investing ideas

CITIC Envirotech growth backed by healthy orderbook and project wins

SINGAPORE (July 9): Back in 2014, CITIC Group Corporation, China’s state-owned investment holding company with nearly $1.4 trillion in asset, partnered US private-equity firm KKR, to buy a controlling stake in wastewater treatment firm United Envirotech

Contracts

CITIC Envirotech wins $95 mil industrial waste treatment project in China

SINGAPORE (Feb 18): CITIC Envirotech has secured a RMB 474 million ($95 million) hazardous industrial waste treatment project in Linfen City, Shanxi Province, China.

Results

Citic Envirotech 3Q earnings drop 55.4% to $21 mil on higher expenses

SINGAPORE (Oct 24): Citic Envirotech, the membrane-based integrated environmental solutions provider, reported 3Q18 earnings fell 55.4% to $21.9 million from $49.2 million in 3Q17.

Stocks To Watch

Stocks to watch: RH Petrogas, CITIC Envirotech, Sembcorp

SINGAPORE (June 25): Here are some stocks that could move the market this Monday morning:

CITIC Envirotech wins $515 mil ecological restoration project in Sichuan province

SINGAPORE (June 24): CITIC Envirotech has won an ecological restoration project contract worth RMB 2.5 billion ($515 milion) in Meigu county, Sichuan province, China.

Broker's Calls

Expect a stellar year for this China water stock: UOB

SINGAPORE (June 20): UOB KayHian is maintaining its “buy” on CITIC Envirotech (CEL) given there is no chance of the stock being caught in the crossfire of the escalating US-China trade war.

Results

CITIC Envirotech posts 16.7% rise in FY17 earnings to $115.9 mil on higher revenue

SINGAPORE (Feb 27): Membrane-based integrated environmental solutions provider CITIC Envirotech saw its earnings grow 16.7% to $115.9 million for the FY17 ended December, from $99.3 million a year ago.
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