United Envirotech held at 'buy' with $1.93 target price by Maybank-Kim Eng

Stock Name: United Envtech
Company Name: UNITED ENVIROTECH LTD

Research House: OSK-DMG

Price Call: BUY

Target Price: 1.93

SINGAPORE (Nov 13): OSK-DMG is maintaining its"buy" call for United Envirotech with a target price of $1.93 as it believes CITIC can take United Envirotech's water treatment business to the next level after taking a controlling stake in the latter.

In a Nov 13 report by analyst Wei Bin, investors advised to "hold out and ride its future growth." Its target price of $1.93 is pegged at 27x FY16 estimated EPS, a 10% discount to peer.