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Rise in water demand presents growth for Memiontec, but PhillipCapital keeps stock unrated

Nicole Lim
Nicole Lim • 4 min read
Rise in water demand presents growth for Memiontec, but PhillipCapital keeps stock unrated
Memiontec, listed on the SGX in 2020, has seen doubled earnings in two years. Photo: Memiontec
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With earnings that have doubled in two years and new market expansion plans on the horizon, PhillipCapital analysts Paul Chew and Liu Miaomiao believe that Memiontec will ride the wave of growth in the coming years. 

However, the analysts have kept the stock unrated in their May 13 note. 

Memiontec was established in 1992 and operates across Singapore, Indonesia and mainland China. It specialises in water treatment and waste management services, and is able to craft dependable, space-efficient, and innovative water and wastewater treatment solutions, with an emphasis on reliability and cost-effectiveness.

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