Singapore Stock Market News

CITIC Envirotech - Optimising capital structure

StockFanatic
Publish date: Fri, 20 Nov 2015, 12:01 PM
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■ CEL announced a US$750m perpetual securities issuance programme. According to Bloomberg, there are also talks for a S$192m dividend recapitalization facility.

■ The company is close to clinching Rmb1bn (S$225m) new water projects, which would drive future earnings growth.

■ We keep our FY15-17 EPS and DCF-based target price. Reiterate Add.
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