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(Post 1 of 70) 04/13/2004.12:36:54 |
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anyone manage to get this?  |
| (Post 2 of 70) 04/13/2004.13:04:04 |
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you mean from GKGoh?
not me... I tried but was too late... |
| (Post 3 of 70) 04/13/2004.13:39:27 |
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got it. 5 lots. i love water stocks! look at asia env and bio. water treatment in china will be one emerging industry with excellent returns to look out for  |
| (Post 4 of 70) 04/13/2004.13:41:22 |
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$$$tree, you have placement? Me have leh... |
| (Post 5 of 70) 04/13/2004.14:01:35 |
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FM, no lah my pte banker not powderful enuff leh >>> must change |
| (Post 6 of 70) 04/13/2004.15:16:22 |
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GKGoh internet placement of 3,000,000 share was snap up within 3 minutes!
Wonder how it will perform on 1st trading day. |
| (Post 7 of 70) 04/13/2004.17:43:31 |
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i got 5 lots also. everything for online application went so smooth that i tot no one wants to apply. target 47x2 = 94cts?
dunno when can go thru PB like $3 and FM. |
| (Post 8 of 70) 04/14/2004.22:37:49 |
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it is so hard to get a placement from gkgoh..  |
| (Post 9 of 70) 04/15/2004.12:55:34 |
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MARKET TALK/SG: Water Stocks Up More On Utd Enviro IPO
10:42 15 April 2004Dow Jones [Dow Jones] Bio-Treat (B22) +3.3% at %1.24, Hyflux (600) +1.3% at $1.52, Sinomem (S14) +0.7% at 69 cents, as investors' focus continues to stay in water stocks after United Envirotech's IPO; offer closes next Tuesday, debut Thursday. |
| (Post 10 of 70) 04/15/2004.13:05:17 |
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me beg to differ, they are up more becos of Bio-Treat buy calls. |
| (Post 11 of 70) 04/16/2004.11:13:50 |
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Nemesis,
Would you like to share which Internet Service Provider you are using? Singnet, Pacific Net, Starhub?  |
| (Post 12 of 70) 04/16/2004.18:43:34 |
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Mkcheng . me using starhub, but fast fingers also another important factor. (note: the above strategy is useless agains epublicoffer.)
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| (Post 13 of 70) 04/16/2004.19:41:41 |
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I wonder what kind of upside will this stck have on opening day.
From the Prospectus, it indicate: expected FY03 revenue $14.6M expected FY03 pre/after-tax profit $8.8M/$8.3M but wonder if such high margin will be eroded in the future due to competition also assuming if the the share trade at offer price (47cents) the co. is valued at $116M the price to revenue looks pretty high at almost 8 times! |
| (Post 14 of 70) 04/17/2004.08:46:07 |
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hi,
altho this is also another water stock but the stage of water treatment for this company is slightly diff from asia env and bio-treat. hence, i dun think the competition is going to erode any future profit margin |
| (Post 15 of 70) 04/17/2004.11:06:20 |
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I hope u r right. Vested interest. |
| (Post 16 of 70) 04/17/2004.12:06:00 |
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are they China-related ?  |
| (Post 17 of 70) 04/17/2004.12:28:04 |
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Nemesis,
Thanks. I agree it all depends on luck if internet connection speed is about the same. Wish you good luck with your 5 lots. |
| (Post 18 of 70) 04/18/2004.09:49:42 |
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read "THE EDGE" section on upcoming UE, feel good about water treatment industry prospects in China. |
| (Post 19 of 70) 04/18/2004.09:51:23 |
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Hong bao
thsts an understatement...china is hot hot redhot in every thing |
| (Post 20 of 70) 04/18/2004.09:53:22 |
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Cyberian, agree.." Made in China " is now seen almost everywhere..
Did u read THE EDGE magazine ? |
| (Post 21 of 70) 04/18/2004.09:54:48 |
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No subscription to the edge..... |
| (Post 22 of 70) 04/18/2004.14:02:50 |
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anyone got placements for this ? 
Now we have quite number of China water stocks; Bio Treat, Asia Environment, and upcoming United Envirotech.
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| (Post 23 of 70) 04/18/2004.14:04:35 |
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Hongbao,
is this another water stock?  |
| (Post 24 of 70) 04/18/2004.14:07:14 |
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Alftan, yes ! it is water treatment business in China. Something like Bio Treat and Asia Environment.
Read in THE EDGE, they said their membrane is a better quality compared to its rivals.. |
| (Post 25 of 70) 04/18/2004.16:23:06 |
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| (Post 26 of 70) 04/18/2004.16:26:23 |
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HB..the B2 bomber does not fly supersonic so how fast and how high will United cheoooong up? Maybe change to SR 71 speeding bullet.. |
| (Post 27 of 70) 04/18/2004.16:43:26 |
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Civic, here's SR 71. |
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| (Post 28 of 70) 04/18/2004.22:33:39 |
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The issue price look expensive.
Issue stats: Issue price = S$0.47 As at 31 Dec 2002, NTA per shs (pre-IPO) = S$0.0097 (premium of 4745%) NTA per shs (post-IPO) = S$0.0674 (premium of 597%) As at 31 Oct 2003 (Latest), NTA per shs (pre-IPO) = S$0.0308 (premium of 1426%) NTA per shs (post-IPO) = S$0.0853 (premium of 451%) EPS Historical based on FY2002 earnings = 0.14 cents (PER 335 times) Forecast based on est FY2003 earnings = 3.83 cents (PER 12.27 times) Pre-IPO share is 210m shares. Post-IPO share is 247.04m shares. Market Cap = S$116m (based on S$0.47 issue price and 247.04m shares) With 37.04m new shares and 27.76m vendor shares, it tell you that vendor is cashing out with S$13.04m gross. Net proceeds to company is S$14.6m Turnover is S$1.258m (FY2000), S$1.896m (FY2001), S$2.936 (FY2002) and S$14.600 (FY2003 Est) while net profit is S$15,000 (FY2000), S$164,000 (FY2001), S$302,000 (FY2002) and S$8,3000,000 (FY2003 Est.). Reliance on single customer (Sinopec accounted for nearly half of its business in last 2 years) is not a given positive factor. |
| (Post 29 of 70) 04/18/2004.23:00:56 |
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My doubts are on the link between the restructuring exercise and the surge in 03 revenue.
Still, this is a water stock where many goodwill have been factored into this category. PER for Hyflux, Asia ENV, Sinomen and Biotreat are in the region of 20X. In this perspect, it may not be as overvalue on profit/revenue terms. Expect it to open high, where investor sentiments take the front stand. To those that got it, congrats. The debut will be better than the previous 2 GKGOH handles, namely New Lakeside and I'M Tech (I am vested in this tech stock). Not vested at the moment. |
| (Post 30 of 70) 04/18/2004.23:03:03 |
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how about FibreChem ? |
| (Post 31 of 70) 04/19/2004.14:34:49 |
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United Envirotech chief to enjoy IPO windfall
APRIL 19, 2004 United Envirotech chief to enjoy IPO windfall Tapping on China's growing water treatment market, Dr Lin Yucheng's company will be worth $116 million By Leong Chan Teik NEARLY 20 years ago, a young man from a small town in China embarked on a journey to make a name for himself in environmental research. Today, Dr Lin Yucheng has not only used his research knowledge to good effect but has also now emerged as a multi-millionaire: United Envirotech, a company he founded last year, is set for a listing on the Singapore Exchange on Thursday. It will command a market value of $116 million based on the initial public offer (IPO) price for its shares. His company joins a handful of others such as Hyflux, Sinomem and Bio-Treat - all stock market darlings - which treat industrial and municipal waste water. This is a burgeoning industry, especially in China, where water pollution and water scarcity are widespread. Dr Lin, the 41-year-old chief executive and chairman of the company, grew up in Fujian province where he shone in physics and mathematics competitions. And he constantly topped his class, he remembers. If he was not No. 1, he was runner-up to his cousin, who subsequently went on to obtain a PhD in the United States. Dr Lin received his Bachelor of Science degree from Nanjing University, one of the top five universities in China. After that, he won a government scholarship to pursue a PhD in applied environmental geochemistry at the Imperial College of Science and Technology in London. He remembers the winter's day in 1985 when he arrived in Beijing all by himself after an 18-hour train ride. Education ministry officials sent him to the airport, and handed him his passport and air ticket. He had practically no money in his pocket. 'When I asked about money, they said don't worry, the Chinese Embassy staff would pick me up at Gatwick airport in Britain, and I could stay at the embassy for three days.' Upon reaching Britain, he discovered that it was an interesting country and not the 'bad' place that Chinese propaganda had made it out to be. Six years on, he had obtained his PhD, married his childhood sweetheart, and embarked on post-doctoral research. He figured he would eventually return to China to be a professor in some university. But one day, he found himself at an interview arranged by Singapore's Economic Development Board. Shortly after, he received two offers to work in Singapore: one from the Nanyang Technological University and the other from the then Singapore Institute of Standards and Industrial Research. He chose the latter, and became a senior research fellow. Two months after arriving in Singapore with his wife, he bought a four-room HDB flat for $100,000. Two years on, he obtained Singapore citizenship. He subsequently became head of the Environmental Technology Centre of the then Productivity and Standards Board (PSB). His move into entrepreneurship came in 1996 when he and PSB set up a joint venture, Novo ETS. He knew that giving up job security was indeed risky but it could be potentially more rewarding. 'I wanted to do big things,' he says. Novo ETS provided environmental consultancy services. 'We had only three consultants. I worked hard, sleeping only three to four hours a night.' Last year, he sold his stake back to PSB and started United Envirotech with Ossia International co-founder Goh Ching Wah. After acquiring two contracts in China, United Envirotech estimated that its total revenue last year was $14.6 million while net profit was $8.3 million. The giant Chinese petrochemical group, Sinopec, accounted for 49 per cent of the revenues. Following the IPO, Dr Lin's pockets will be overflowing: He will collect $5.2 million from the sale of some of his shares. And his remaining 29 per cent stake in his company is valued at $34 million. -------------------------------------------------------------------------------- Copyright @ 2004 Singapore Press Holdings. All rights reserved. |
| (Post 32 of 70) 04/19/2004.14:41:46 |
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China water-treatment firm set for SGX listing (Mar 20, 2004)
Managed to find old articles in BT last month. ____________________________________________________________________ http://business-times.asia1.com.sg/sub/premiumstory/0,4574,111477-BTMarketsIPONews,00.html? Published March 20, 2004 China water-treatment firm set for SGX listing UE lodges initial prospectus, aims to raise at least $11m By ANDREA TAN ANOTHER China water-treatment company is hoping to make a splash on the Singapore Exchange. United Envirotech (UE), an environmental solutions provider, has lodged its preliminary prospectus with the Monetary Authority of Singapore for a mainboard listing. The China-based firm will join seven other water-treatment companies on the local bourse, including Chinese peers Sinomem Technology and Bio-Treat. Analysts reckon that UE will price its IPO below a historical price-earnings ratio of 10 times, taking the cue from Bio-Treat which made its debut last month. The latter had priced its shares at 46 cents or 8.7 times historical PE. Bio-Treat closed at 86.5 cents yesterday, pushing its PE to about 16.5 times. The counter, however, has fallen from its high of $1.15. The industry's average PE is about 17, with Darco Water Technologies having the steepest PE at 29.6 and Eco Water the lowest at 11.4. Hyflux, which was the first water-treatment company to be listed, in 2001, has a PE of 19.5. Like Sinomem, UE also uses membrane technology for treating water. However, UE chairman and CEO Lin Yucheng said: 'What sets UE apart from the competition is our team of specialists who are able to provide environmental engineering and environmental consultancy solutions to meet our customers' needs.' According to its preliminary prospectus, UE intends to offer 63.8 million shares, comprising 37.04 million new shares and 26.76 million vendor shares. UE intends to raise at least $11.1 million in net proceeds. It said it plans to use about $8 million to fund its expansion, another $2.5 million to expand its fabrication workshops in Tianjin and Guangzhou and $600,000 for research and development work with the balance for our general corporate and working capital requirements. UE said it has been providing its services to over 50 units within the China Petrochemicl Corp Group and has an order book of $10.7 million. GK Goh is the manager for the proposed listing. |
| (Post 33 of 70) 04/19/2004.14:43:03 |
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China's United Envirotech offers IPO
Business Times - 13 Apr 2004 China's United Envirotech offers IPO By KENNETH LIM UNITED Envirotech, a China-based water treatment company that boasts low-cost access to advanced membrane technology, is offering 63.8 million IPO shares at 47 cents apiece. United Envirotech - the eighth water-treatment play to list on the Singapore Exchange - is selling 37.04 million new shares and 26.76 million vendor shares for a mainboard listing. There will be 6.3 million public offer shares and 57.5 million placement shares, including three million Internet placement shares. The price is pegged at 335.7 times the company's net profit of $302,000 in the year ended Dec 31, 2002. Against its estimated net profit of $8.3 million in FY2003, the price-earnings ratio is expected to be 11.8 times. Of the other seven water plays, only Malaysia-based Eco Water - at a 12-month trailing PE of 10.6 times as of yesterday's closing price of 28 cents - is more cheaply valued. As at yesterday's close, the seven water stocks were trading at an average PE of 17.9 times, based on figures compiled by Bloomberg. United Envirotech says it has a $10.7 million order book and its net profit for the 10 months ended Oct 31, 2003 was $6.5 million - or 22 times more than the year before. It says the surge resulted from its Novo Envirotech Guangzhou unit starting work last year. Novo Envirotech Guangzhou, a subsidiary of a Singapore company that United Envirotech chairman Lim Yucheng helped found while a senior executive at PSB Corp in 1996, was previously involved in environmental engineering consulting. Mr Lin, a former Chinese national recruited by the Economic Development Board in 1990 to do research in Singapore, left PSB in July last year and sold his entire stake in the company to PSB Corp. In September 2003, after he set up United Envirotech, he bought back the Guangzhou unit. 'I wanted the bigger money,' he said of his move to the private arena. Between his resignation from PSB and the Novo acquisition, Mr Lin entered an arrangement with China's Tianjin Motian Membrane Engineering and Technology Co, which he says is the only company in China capable of producing polyvinylidene fluoride membranes. By buying over Tianjin Motian's engineering division while helping to fund its research arm, United Envirotech gets the more efficient membranes at prices unavailable to other water treatment specialists. United Envirotech hopes to raise $14.6 million in net proceeds from the IPO, of which $8 million will be used for strategic investments and $2.5 million to expand its workshops in Tianjin and Guangzhou. With China's leading petrochemical conglomerate the Sinopec Group accounting for 49 per cent of its sales in the first 10 months of 2003, United Envirotech is looking to expand into other industries like paper and pulp mills and dyestuffs, and into markets outside China via a new regional HQ in Singapore. United Envirotech's offer expires on April 20, and trading is expected to start April 22. Copyright © 2004 Singapore Press Holdings Ltd. All rights reserved. http://business-times.asia1.com.sg/storyprintfriendly/0,4568,113541,00.html? |
| (Post 34 of 70) 04/21/2004.20:24:02 |
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any grey market price for this stock? |
| (Post 35 of 70) 04/21/2004.20:27:31 |
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Hi Prosurf....our liquid man...how goes it for Asia Env? Any calls? |
| (Post 36 of 70) 04/21/2004.20:34:06 |
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| (Post 37 of 70) 04/21/2004.21:11:35 |
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any idea where to find out subscription rate and balloting ratios? |
| (Post 38 of 70) 04/21/2004.21:16:15 |
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Link is here..
Happy trading tomorrow. |
| (Post 39 of 70) 04/21/2004.21:49:18 |
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i got 11 lots
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| (Post 40 of 70) 04/22/2004.09:06:48 |
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dissapointing opening. expect it to be more than 70 cts........ |
| (Post 41 of 70) 04/22/2004.09:56:50 |
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At 62.5c, the Price/NTA is already 7.3 time. Very Pricey. |
| (Post 42 of 70) 04/22/2004.10:16:48 |
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Nemesis, if you got it at IPO price, this is already a good gain for minimal time and effort. |
| (Post 43 of 70) 04/22/2004.10:45:28 |
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true lah. but worst perforing water stock |
| (Post 44 of 70) 04/22/2004.10:48:19 |
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Darco is a forgotten stock already..... |
| (Post 45 of 70) 04/22/2004.11:09:01 |
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very suspicious on the company's IPO issue stats:
A company with revenue of S$2.936m (FY2002) and S$14.600m (FY2003 Est) while the corresponding net profit is S$302,000 (FY2002) and S$8,3000,000 (FY2003 Est.) and it is raising fund with Net proceeds worth S$14.6m to company while the vendor cashed out with $13.04m gross. Can the company bring value to the new shareholders ? Please ponder. |
| (Post 46 of 70) 04/22/2004.11:11:12 |
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This call ipo massage hahahehheh
net margins fro 10% jumpto 50%..ipo massagi rev from 2.9mto 14.6m ...500 % increase..hohoho |
| (Post 47 of 70) 04/22/2004.11:13:29 |
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who cares whether it bring value to the new shareholders. At least it brings value to ex shareholders like me.. |
| (Post 48 of 70) 04/22/2004.11:32:02 |
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At least you know this is a potential con job and jump ship asap. |
| (Post 49 of 70) 04/22/2004.11:35:24 |
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So far, the IPOs GKGOH handles underperform the rest like SBI-E2 and UOB Asia. At least this is much better than the 2 earlier issues. |
| (Post 50 of 70) 04/22/2004.11:55:55 |
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This may end up as another forgotten water stock after today's play. Don't feel comfortable about this counter especially its forecasted FY03 profit and dependence on one major customer. To make it worse, it's handled by GK Goh and have been trading downwards since opening bell. |
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