SINGAPORE (Nov 25): RHB is resuming coverage on the water treatment stocks listed in Singapore with an “overweight” rating.

These China-based companies are seen to benefit from thriving business thanks to favourable government policies that includes a RMB5 trillion ($1.1 trillion) investment by 2020.

Two stocks have been singled out by RHB. The brokerage’s top pick is SIIC Environment Holdings, with a target price of $1.18. This stock, RHB notes, will benefit from low average tariff of RMB 0.90 per tonne.

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