Singapore Stock Market News

United Envirotech - Takeover offer from CITIC

StockFanatic
Publish date: Thu, 13 Nov 2014, 10:48 AM
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■ CITIC taking controlling stake in UENV at SGD1.65/share or 33.6x FY15E EPS, big premium over peers.

■ Believe CITIC can take UENV to next level.

■ Investors advised to hold out and ride its future growth. Maintain BUY & SGD1.93 TP, at 27x FY3/16E EPS.
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