China EnerSave maybe a good consider long term investment.
16/12/2006
China EnerSave can be consider a good investment in small cap stock, now the price had breakdown the 200 days moving average (200D MA) while it cheap for buying. I have Checked the transaction on the 12/15/2006 the directors of China EnerSave went for an open market block purchase the shares at $0.16 per share and that mean $0.16 can be a good support line for China EnerSave, anything that below $0.16 can make a straight purchase from the market and keep for a long term investment (Long term mean more than 6 month and above) that outlook for 2007 singapore stock market is not going to be good as what the most of the analysts said. The one year stock historical movement can tell me that this stock can be a good investment. (The price is able to go up mean there is people think that China EnerSave have it's value.) The company are focusing to reduce the debts, increase the revenue from new renewable power plant that is completed building and able to start generate the electrical power. Also to target more new renewable power plant to be completed building before the scheduled date. The future is projected a good growth for the company as the number of renewable power plant is completed and able to produce electrical power thru out the time. They have more renewable pwer plant to be build, please check it out from the company web site.
Business in renewable Enegry.
China EnerSave is an interesting company that able to get waste from the farmer in China to burn it for getting the heat enegry to drive the stream turbine to generate the electrical power that supply resident or the China's industry to earning the revenue from supplying electircal power. During the buring process the smoke is generate from burning the farm waste and they are able to reburn or reheat the smoke that so called "unburn fuel" to make it cleaner for exhaust the air to the enviroment. After the burning process the ashes is remaining, They are able to used the ashes to make them into the construction bricks that able to sell it to construction industry for an extra income that contribute to company growth. China is in the demand for a cleaner air enviromental as they have rapid used the coal technology. China EnerSave able to reform their enviromental problem to make a better living standard in China. According to Energy Information Administration (EIA) China have about 70% of enegry produce by coal. The China Government are focusing to cut down the usage of coal that produce the waste gas to pollute the enviroment. The China EnerSave is a good choice for an investment to protect the enviroment from pollution.
NOTE:
There is no target price from me, is better to look for what analysts targeted China EnerSave at what price. The block purchase from the directors act could be telling the company may have a good future ahead about 6 months to one year time down the road. Please do your own investment research by obtaining more data in all area to let you think that China EnerSave is more worth to buy in term of economical to you.
BACKGROUND - source from SGX.
The Company was incorporated in Singapore on 27 September 1997 under the name of Enersave Holdings Pte Ltd and adopted the name of Enersave Holdings Limited when it went public on 8th July 1998.
The Company and its subsidiaries were then involved in the sale of its proprietary EnerSave energy-saving electronic ballasts, light fixtures and fittings, subcontract manufacturing of electronic products, provision of mechanical and electrical engineering services and construction. The Group diversified into the Renewable Energy business in China in 2003 as it has identified this as a new core business with strong growth potential. The first project the group undertook was a 600 ton per day waste to energy plant with power output of 12 MW. This renewable energy source is environmentally friendly and enjoys good support from many governments globally. The group's entry into the Renewable Energy business is also expected to provide a synergistic boost to the Engineering Division.
The Group has identified China as the principal focus for the development of its Renewable Energy business. In recognition of this focus, the Company's name was changed to China Enersave Limited on 29 March 2004.
Source Reference:-
China EnerSave web site:-
News on China EnerSave.
Videos on China EnerSave / renewable Enegry / others
