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More upside for SIIC Environment

Zavier Ong
Zavier Ong8/15/2016 01:37 PM GMT+08  • 2 min read
More upside for SIIC Environment
SINGAPORE (Aug 15): RHB is maintaining its “buy” call for waste and environmental services company SIIC Environment Holdings, with a target price of $1.26.
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SINGAPORE (Aug 15): RHB is maintaining its “buy” call for waste and environmental services company SIIC Environment Holdings, with a target price of $1.26.

Share prices of water stocks have been traded down on concerns of receivables risk in China as well as a slowing expansion rate, but RHB analyst Juliana Cai continues to like the company for its exposure to first and second-tier cities in China, as well as its ability to grow organically via expansion and upgrading contracts.

With government policies supporting the upgrading of wastewater treatment standards, Cai expects most of SIIC’s upgrading projects to happen in FY16-17.

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