Singapore Stock Market News

United Envirotech - Growth delayed to FY15

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Publish date: Thu, 28 Nov 2013, 12:40 PM
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• Recurring income model remains intact but escalating costs need monitoring

• Earnings catalysts: EPC wins, higher than expected accretion from Memstar

• Cut FY14/15F earnings on higher costs and slow EPC execution

Downgrade to Hold on limited upside to reduced TP of S$0.91
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