UtdEnvirotech - United Envirotech rated 'buy' by OCBC

Stock Name: UtdEnvirotech
Company Name: UNITED ENVIROTECH LTD
Research House: OCBC

OCBC Investment Research in a Feb 2 research report says: "United Envirotech Ltd (UEL) posted slightly lumpy 3Q11 results, where revenue fell 31.8% y-o-y and 44.4% q-o-q to $12.8 million, with management citing lower engineering income for the period due to the lumpy nature of its projects.

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