Home Capital Broker's Calls

Sanli Environmental kept at 'buy' for potential PUB contract wins

Michelle Zhu
Michelle Zhu5/25/2018 11:30 AM GMT+08  • 2 min read
Sanli Environmental kept at 'buy' for potential PUB contract wins
SINGAPORE (May 25): SAC Advisors is maintaining its “buy” call on Sanli Environmental with an unchanged target price of 36 cents, even after the environmental engineering company reported lower FY18 earnings of $3.1 million, down 40.7% from $5.2 milli
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 25): SAC Advisors is maintaining its “buy” call on Sanli Environmental with an unchanged target price of 36 cents, even after the environmental engineering company reported lower FY18 earnings of $3.1 million, down 40.7% from $5.2 million a year ago despite higher revenue.


See: Sanli Environmental posts 40.7% lower FY18 earnings of $3.1 mil; announces 0.25 cent dividend

This comes on a potential $6.5 billion worth of contracts to be rolled out by the Public Utilities Board (PUB) by end-2018 and over 2019 for Phase 2 of its Deep Tunnel Sewerage System project, for which Sanli’s management guided it intended to bid for 12 out of the 14 contracts to be offered.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now