Singapore Stock Market News

United Envirotech - Growing a little slower

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Publish date: Wed, 07 Aug 2013, 01:12 AM
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• Sales in line, but net profit fell short due to lower Treatment margin

• Capacity utilization on track to meet full year expectation, but EPC wins are behind target

• Cut FY14/15F earnings by 13%/15% to reflect lower Treatment margin and EPC revenues

• Maintain HOLD rating, nudged down TP to S$0.90
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