NRA Capital Pte Ltd

Written by: jinshu

Tuesday 15 Aug 2017

Technical Spotlight - Aug 2017

Moya Holdings Asia Limited

BUY on mix of positive fundamentals and technical outlook. According to the press release, Moya has emerged as one of the leading private players in Indonesia’s water treatment industry with a total water treatment capacity of 13,935 litres per second. If so, Moya may deserve to trade a higher valuation than S$302.5m, especially when forward P/E is unchallenging, ranging from 6.7x to 10.1x. Conversely, downside risk is capped at 0.7 cents to the channel bottom or double bottom of S$0.100.

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