"We recommend investors to accumulate Moya after the recent share price correction. Thus, we maintain our 'buy' call, with an unchanged DCF-backed target price of 17 cents," says RHB analyst Jarick Seet in a Friday report.
SINGAPORE (Feb 9): RHB recommends investors accumulate water company Moya after the recent share price correction.
With further cost savings, volume expansion, the recovery of its non-revenue water (NRW) providing strong organic growth, as well as additional acquisitions in the pipeline, RHB says the outlook is bright for Moya.
