Buy: Sino-Env

Sino-Env's revenue is set to increase, and has been increasing at a very very impressive rate. Net profit as well, and whats most importantly, EPS growth has been at the >%40 rate, and forcasted to grow at +198% in FY2007.

A quick look at their quarterly statement, their revenue has grown 86.9% Quarter on Quarter, and profit before tax grew 90.4%., showing improving margins.

Not only that, their net assets has almost doubled QOQ, showing they have been able to control their liabilities, and will do so in future.

Share issued numbered at 300,312,870, showing a relatively small number of floating shares, with about 9% of their total shares floating around.

"Generally, less floating shares, the better"

"High target achievable, considering the small number of floating shares and high rate of growth in 2007"

BUY Sino-Env target $3.4.

Vested at $2.580 12 Jan 2007 0915H