United Envirotech (U19.SG) +1.0% at $0.49, may end on positive note for 3rd straight day, underpinned by China-based wastewater treatment firm's completion of mega underground plant in Guangzhou City, says Dow Jones.

RMB264 million contract to set up plant, largest of its kind in China, secured in November last year, expected to boost UE's earnings from FY10.

"This project is a testament to UE's strong project execution and technological expertise in membrane-based water treatment as it was completed in a short time span of nine months," says DMG, which has Buy call with $0.66 target; "such landmark projects will strengthen UE's track record and put it in good stead to win more similar-sized projects."

Shares expected to meet resistance at 52-week high of $0.525 set last week.