Sound Global

[CityFarmer]

The company chairman WEN YIBO has done another open market purchase today

http://info.sgx.com/webcorannc.nsf/Annou...endocument

3,033,000 share @ $0.565

That bring updated direct holding of 5,907,000 shares (0.4579 %)

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Sound Global started to redeem the CB.

http://info.sgx.com/webcorannc.nsf/Annou...endocument

partially redeemed bonds of an aggregate amount of RMB263 million, out of the total RMB828 million, more than 30% redeemed.

[CityFarmer]

Kim Eng report on Sound Global, but without rating

Key message from report below.

"In our view, Sound Global is a direct beneficiary of China’s much stricter wastewater treatment standards and increasing investment in this sector. Currently, more than half of its BOT (build-operate-transfer) projects are still under construction. Those projects will contribute to revenue once construction is completed over the next few years. Although net profit margins will affected by recent expensive fund raising, we think the steep discount of its share price relative to peers might be excessive given the company’s respectable profit margin and high ROE"

"Sound Global is trading at large discount to peers (6.7x PER vs. an average of 12.8x for its HK-listed peers and Hyflux’s 16.7x). It is relatively low-key in terms of with public relations, and is under-researched by analysts."

[CityFarmer]

The company chairman WEN YIBO has done another open market purchase

http://info.sgx.com/webcorannc.nsf/Annou...endocument

1,931,000 share @ $0.5212
That bring him direct holding of 7,838,000 shares (0.6076 %), deemed holding of 713,289,000 share (55.2937 %)

[CityFarmer]

The company chairman WEN YIBO has done another open market purchase

http://info.sgx.com/webcorannc.nsf/Annou...endocument

2,000,000 share @ $0.5212
That bring him direct holding of 9,838,000 shares (0.7626 %), deemed holding of 713,289,000 share (55.2937 %)

[CityFarmer]

The company chairman WEN YIBO has done another open market purchase

http://info.sgx.com/webcorannc.nsf/Annou...endocument

614,000 share @ $0.5297
That bring him direct holding of 10,452,000 shares (0.8102 %), deemed holding of 713,289,000 share (55.2937 %)

[l0nEr]

Weird.. despite all the insider buying, the stock continues to fall... something wrong?

[CityFarmer]

Weird.. despite all the insider buying, the stock continues to fall... something wrong?

stock falling, then insider buying.

since insider started buying, the stock's price settle down around $0.52-$0.53, which is around the price paid

The price falling might due to recently high-yield note issued IMO.

[CityFarmer]

The company chairman WEN YIBO has done another open market purchase

http://info.sgx.com/webcorannc.nsf/Annou...endocument

1,281,000 share @ $0.5385

Since Wen Yibo started his open market purchases in Sept 2012, total share purchased was close to 10m shares (close to 0.8% of issued share capital)

[CityFarmer]

Sound Global won the bid for the sewage treatment plant network project located in 14 rural areas in Siyang County, Jiangsu Province, the People’s Republic of China on 16 October 2012. The project consists of 14 sewage treatment plants with a total daily capacity of 22,000 tonnes, which is invested, constructed, operated and transferred by Sound Global. The project has a licensed operating term of 30 years with total investments amounting to approximately RMB240 million.The term of construction is around 13 months. It is expected that the construction will be completed and operation will commence by the end of November 2013.

http://info.sgx.com/webcoranncatth.nsf/V...6000CA062/$file/Ann-ProjectSiyang-29Oct12-SGX.pdf?openelement

[CityFarmer]

Another BOT project secured

the Company entered into a licensing agreement for the build, operate and transfer (“BOT”) project relating to municipal wastewater treatment upgrading project in Hancheng City, Shaanxi Province, the People’s Republic of China. The wastewater treatment plant project which requires a total investment of RMB 98 million will be invested, built, operated and transferred as a BOT project

http://info.sgx.com/webcoranncatth.nsf/V...800272EB1/$file/Ann-ProjectShaanxi-31Oct12-SGX.pdf?openelement