Wednesday, September 8, 2010

United Envirotech

United Envirotech: awarded an RMB 30m EPC contract for a 30k cubic m/day wastewater recycling plant in Hegang City, Heilongjiang Province, to supply recycled water to chemical plants in a nearby industrial park. Project to commence immediately and be completed by end Dec 10.
Stock trades at 9.8x PE. Street rates as Buy with targets btwn $0.52-0.53.

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