Tuesday, May 31, 2011

China Env

China Env: Has secured eight contracts totalling Rmb105.6m. DMG maintains Buy, with TP $0.28, tipping latest wins to account for 18% of FY11 estimates. Believe CENV is able to achieve more contract wins to meet estimates of Rmb580-620m in FY11-12 on the back of Chinese government’s determination to tackle air and water pollution.

No comments:

Post a Comment