Singapore Stock Market News

United Envirotech - Weaker than expected rebound

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Publish date: Mon, 13 Oct 2014, 11:39 AM
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■ Rmb1.5bn contract win is positive but significantly weaker Membrane & higher finance costs offset earnings growth prospects

FY15/16F cut by 27-30%, TP revised down to S$1.23

■ Near term operational weakness could cap share price; downgrade to Hold on limited upside

■ Successful M&A is an upside risk
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