UOB was initially awarded a buy rating of HK $3.65 by 6888.HK, pointing out that Yingda is a service provider of geothermal recycling technology in the asphalt pavement maintenance industry in the mainland, which is the most environmentally friendly and cost-effective technology in the mainland. Thanks to economies of scale, the 12-year net profit of Yingda 2011 is expected to grow by 132% 142%, and the high growth is expected to be sustainable in 14 years, due to increased market share, increased government recognition and the contribution of the joint venture company.

Yingda listed at HK $2.43 a share at the end of June.