Stock Name: LeaderEnv
Company Name: LEADER ENVIRONMENTAL TECH LTD
Research House: DMG
DMG & Partners Securities in an Apr 14 research report says: "Leader Environmental Technologies (LET) has entered into a non-binding Letter of Intent (LoI) with Liaoning Province Lingnan Environmental Protection Hi-tech Industrial Park Development Co Ltd (LEP) to undertake operations and maintenance (O&M) of desulphurisation system of a 360m2 sintering system.
"The work is expected to commence in July 2011 and last for a period of 10 years. Total contract value of the O&M business is RMB245 million. Firm signing involving the O&M contract is expected in May 2011. In view of LET's maiden O&M contract win, we are raising our FY2011F-FY2012F profit after tax and minority interest (PATMI) estimates by 5%-7% respectively. Target price of 56 cents. MAINTAIN BUY."
Company Name: LEADER ENVIRONMENTAL TECH LTD
Research House: DMG
DMG & Partners Securities in an Apr 14 research report says: "Leader Environmental Technologies (LET) has entered into a non-binding Letter of Intent (LoI) with Liaoning Province Lingnan Environmental Protection Hi-tech Industrial Park Development Co Ltd (LEP) to undertake operations and maintenance (O&M) of desulphurisation system of a 360m2 sintering system.
"The work is expected to commence in July 2011 and last for a period of 10 years. Total contract value of the O&M business is RMB245 million. Firm signing involving the O&M contract is expected in May 2011. In view of LET's maiden O&M contract win, we are raising our FY2011F-FY2012F profit after tax and minority interest (PATMI) estimates by 5%-7% respectively. Target price of 56 cents. MAINTAIN BUY."
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