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DBS  RHB Research

CITIC Envirotech

Share placement at a premium


• Share placement of 83.2m new shares at 14.8% premium • New shareholder helps broaden financing channels • Net debt to equity ratio remains in the single digit • Maintain HOLD with TP unchanged at S$0.80.

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Mapletree Logistics Trust

We are ceasing coverage on Mapletree Logistics due to a redistribution of internal resources. Our last recommendation was NEUTRAL, with a TP of SGD0.89.

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LionelLim8.16Check out our compilation of Target Prices