waste-to-energy (WTE)

SIIC Environment secures $120 mil WTE concession agreement in Shandong province

SINGAPORE (Jan 18): SIIC Environment Holdings announced that its 92.15%-owned subsidiary, Shanghai Fudan Water Engineering Technology, has signed a build-operate-transfer (BOT) service concession agreement with the Department of Housing and Urban-Rural Development of Shen county in Shandong province.

The agreement is in relation to the construction and development of a RMB 600 million ($120.1 million) waste incineration project that will employ grate incineration technology to convert waste to energy, as well as generate electricity for Shen county.

China Jinjiang's 1Q earnings fall 21% to $21.1 mil; acquires stake in Brazilian WTE firm

SINGAPORE (Apr 23): China Jinjiang Environment reported 1Q18 earnings fell 20.9% to RMB 100.8 million ($21.1 million) from RMB 127.4 million in 1Q17 on lower sales and higher cost of sales and finance costs.

Revenue increased by 35.4% to RMB 754.9 million from RM 557.6 million a year ago mainly due to an increase in revenue from the group’s construction services provided under build-operate-transfer (BOT) concession agreements of 664.3% to RMB 268.3 million from RMB 35.1 million previously, which was due to more construction services of waste-to-energy (WTE) facilities in India.

China Jinjiang Environment an opportunity to tap on fast-growing waste-to-energy market

SINGAPORE (May 26): CIMB Research remains upbeat on China Jinjiang Environment (CJE) amid robust growth in capacity expected ahead.

The research house is keeping its “add” rating on CJE with an unchanged target price of $1.10.

“The construction of its new waste-to-energy (WTE) projects is progressing in line with expectations,” says CIMB analyst Keith Li in a Thursday report.

According to Li, CJE’s management has signalled that more new WTE projects in China are likely to be added this year.

China Jinjiang Environment reports 6.8% earnings growth to $25.8 mil in 1Q

SINGAPORE (May 16): China Jinjiang Environment reported 1Q earnings at RMB127.4 million ($25.8 million), 6.8% higher than a year ago on better margins.

The bottomline growth comes despite a 3.6% decline in revenue to RMB557.6 million as compared to RMB578.4 million in the previous year, primarily due to lower revenue from construction services provided under build-operate-transfer (BOT) concession agreements over the quarter, as well as lower contributions from the group’s project technical and management services and energy management contracting (EMC) business.

Why CIMB thinks China Jinjiang Environment a ‘hidden jewel’ with unjustified low valuation

SINGAPORE (March 22): CIMB is initiating coverage on waste-to-energy (WTE) operator China Jinjiang Environment (CJE) with an “add” recommendation and a target price of $1.10, drawing attention to the counter as an “overlooked WTE leader in China” with low valuations and a high dividend yield.

In a Tuesday report, analyst Keith Li says he reckons CJE is not so well-known to the investing community due to its short listing history, having commenced trading on the SGX Mainboard just last year in July.

Keppel wins $36 mil contract from Shenzhen Energy Environment Engineering

SINGAPORE (Oct 5): Keppel Seghers Belgium NV, a wholly-owned subsidiary of Keppel Corp division Keppel Infrastructure Holdings, on Sept 9 secured a US$26.7 million ($36 million) contract from repeat customer Shenzhen Energy Environment Engineering to provide technology and services to the Baoan waste-to-energy (WTE) plant in Shenzhen, China.

In a Wednesday statement, Keppel Corp says the contract is for the plant’s Phase III expansion by the provision of equipment design and technical services for its furnace and boiler components.

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