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CITIC Envirotech kept at 'hold' by DBS with 80 cents target on need to speed up construction projects

PC Lee
PC Lee12/29/2017 04:07 PM GMT+08  • 2 min read
CITIC Envirotech kept at 'hold' by DBS with 80 cents target on need to speed up construction projects
SINGAPORE (Dec 29): DBS Group Research is maintaining its "hold" rating on CITIC Envirotech with 80 cents target price.
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SINGAPORE (Dec 29): DBS Group Research is maintaining its "hold" rating on CITIC Envirotech with 80 cents target price.

In a Friday report, analyst Patricia Yeung says CITIC Envirotech needs to accelerate construction progress to enhance its earnings growth outlook.

This despite CITIC Envirotech winning more than RMB 10 billion ($2.05 billion) in new contracts year to date with new initiatives in the hazardous waste treatment market.

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