While DBS is maintaining its “buy” call with a slightly higher target price of 65 cents from 64 cents previously, Phillip Capital has upgraded its rating on the stock to “buy” from “accumulate” and raised its price target to 61 cents from 57 cents.
SINGAPORE (Aug 10): The research houses of DBS and Phillip Capital are positive on China Everbright Water after the environmental protection company on Monday reported a strong set of 1H17 results, with earnings for the half year up 41% at $44.4 million on higher revenue.
