“Nevertheless, the stock has gained 35% in the past two months which DBS believes has reflected the positives. Maintain ‘hold’ with 12-month price target,” says analyst Patricia Yeung in a Tuesday report.
SINGAPORE (Feb 14): DBS Group Research likes CITIC Envirotech for achieving breakthroughs in new deals and expects new deal execution to accelerate.
The research house also expects CITIC Envirotech to grab more market share in the water sector, thanks to its leading technology in membrane.
