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Latest contract win locks $1 bil target down for CITIC Envirotech

Michelle Zhu
Michelle Zhu5/19/2017 12:35 PM GMT+08  • 2 min read
Latest contract win locks $1 bil target down for CITIC Envirotech
SINGAPORE (May 19): UOB Kay Hian is keeping its “buy” recommendation on CITIC Envirotech with an unchanged target price of $1.10 on the back of the group’s order win momentum, advanced membrane technology, and China’s continued focus and efforts t
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SINGAPORE (May 19): UOB Kay Hian is keeping its “buy” recommendation on CITIC Envirotech with an unchanged target price of $1.10 on the back of the group’s order win momentum, advanced membrane technology, and China’s continued focus and efforts towards combating environmental pollution.

This comes after Citic Envirotech’s announcement of its latest RM3 billion ($610 million) mega project win in Ningbo, China, which the research house believes further cements it confidence in the group’s $1 billion project win target for the year.

(See also: CITIC Envirotech secures $610 mil river restoration project in China)

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