This despite CITIC Envirotech winning more than RMB 10 billion ($2.05 billion) in new contracts year to date with new initiatives in the hazardous waste treatment market.
SINGAPORE (Dec 29): DBS Group Research is maintaining its "hold" rating on CITIC Envirotech with 80 cents target price.
In a Friday report, analyst Patricia Yeung says CITIC Envirotech needs to accelerate construction progress to enhance its earnings growth outlook.
