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Outlook bright for Moya, says RHB

Stanislaus Jude Chan
Stanislaus Jude Chan11/14/2017 12:16 PM GMT+08  • 2 min read
Outlook bright for Moya, says RHB
SINGAPORE (Nov 14): RHB Research is keeping its “buy” call on water treatment company Moya Holdings Asia with an unchanged target price of 17 cents.
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SINGAPORE (Nov 14): RHB Research is keeping its “buy” call on water treatment company Moya Holdings Asia with an unchanged target price of 17 cents.

This comes after Moya on Monday reported 3Q revenue surged more than ninefold to $45.8 million following the full accretion of its latest acquisition, Aquatico.

Net profit after tax (NPAT) more than doubled to $5.5 million in 3Q17, despite one-off costs related to acquisitions totalling $0.5 million.

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