SINGAPORE (June 5): RHB is maintaining its “buy” call on Moya Holdings with a target price of 14 cents.

In a Monday report, analyst Jarick Seet says, “With lower financing costs, concession extensions and recovery of non-revenue water (NRW) to provide strong organic growth – coupled with additional accretive acquisitions in the pipeline to further boost NPAT – we remain positive on Moya and maintain ‘buy’.”

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