Wednesday, November 27, 2013

SIIC

SIIC: Counter had been gaining traction lately after the share placement done at $0.085 apiece. The water purification and wastewater treatment player in China looks forward to obtain more support from its parent company, Shanghai Industrial Holdings to fund its business development and expansion plan. SIIC is poised to benefit from the positive policy directives on the development of the incineration sector in China, with investments in the waste-to-energy industry projected to reach Rmb50b over the next five years from Rmb17b in 2012 and operating income estimated to grow 18% annually over the nexy 10 years.

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