Tuesday, September 14, 2010

United Envirotech

United Envirotech: alert. Technical breakout after piercing through $0.45 resistance. If symmetry in chart pattern continues, $0.535 resistance could be tested next.

http://kimengresearch.com/TA/20100914%20UENV.JPG

OCBC maintained Buy with $0.52 target last week, following news that company clinched a RMB30m EPC contract to build a wastewater recycling facility in Hegang City, Heilongjiang Province. Order book now stands at ~S$66m, vs FYMar10 revenue of S$69m. Catalyst to come from successful TDR listing.

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