Asia Environment Hldgs

Asia Environment Hldgs: issues PROFIT WARNING for 2Q10 net earnings as it expects figures to be lower yoy. Nevertheless, it expects to remain overall profitable for 1H10. The decrease in profitability for 2Q10 was attributed to the decreasing profitability and margins of its projects and a rise in interest cost arising from higher borrowings. DBSV has a Fully Valued rating on the company, with $0.15 target.