Stock Name: C&G EP
Company Name: C&G ENV PROTECT HLDGS LTD
SIAS Research in a Nov 28 research report says: "We like C&G exposure to the growing China waste to energy (WTE) industry which will benefit from rising waste generation per capita, rapid urbanization, limited land space around cities and energy shortage.
"Coupled with more upcoming projects over the next four years and preferential treatments such as better electricity tariff and tax reduction, the company is poised to benefit from these favorable industry developments. The company is merely trading at a FY12F P/B of 0.43X, which is significantly lower than its peers and does not reflect the industry's defensive nature.
"The company had also announced its intention to reward shareholders by distributing at least 20% of operating net profit between 2011 and 2013. Intrinsic value of 21 cents per share, upside of 61.5%. INCREASE EXPOSURE.
Company Name: C&G ENV PROTECT HLDGS LTD
| Research House: SIAS | Price Call: BUY | Target Price: 0.21 |
SIAS Research in a Nov 28 research report says: "We like C&G exposure to the growing China waste to energy (WTE) industry which will benefit from rising waste generation per capita, rapid urbanization, limited land space around cities and energy shortage.
"Coupled with more upcoming projects over the next four years and preferential treatments such as better electricity tariff and tax reduction, the company is poised to benefit from these favorable industry developments. The company is merely trading at a FY12F P/B of 0.43X, which is significantly lower than its peers and does not reflect the industry's defensive nature.
"The company had also announced its intention to reward shareholders by distributing at least 20% of operating net profit between 2011 and 2013. Intrinsic value of 21 cents per share, upside of 61.5%. INCREASE EXPOSURE.
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