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A vote of confidence for Moya

Samantha Chiew
Samantha Chiew6/5/2018 10:43 AM GMT+08  • 3 min read
A vote of confidence for Moya
SINGAPORE (June 5): RHB is maintaining its “buy” call on Moya Holdings with a target price of 14 cents.
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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’.”

However, the analyst has slightly lowered the target price due to additional dilution from the rights issue, which is mitigated by the lowering of its finance costs after paying $68 million of its debt.

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