Moya Holdings is the only Indonesian water play listed on SGX -- and, according to RHB Research, has a big stock price upside potential. The fundamental story is that Moya will benefit from growth of the water sector in Indonesia which is still at a very early stage of development. |
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Several analysts and NextInsight will make a 2-day trip from tomorrow (1 Feb) to visit some water projects of Moya in Jakarta.
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Moya Holdings |
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Share price: |
Target: 17 c |
We hope to be able to better appreciate its business:
♦ It collects raw water from sources (e.g. river or reservoir) provided by the local government authority,
♦ Pumps it into its treatment plants, and
♦ Delivers clean water through a network of pipelines to homes and businesses.
♦ Bills customers and collect payment
At its website, Moya says of its mission: "Indonesia has one of the lowest % of people with access to CLEAN piped water in Asia. Local governments need HELP. We have the capital to build new treatment plants, expand pipe networks & help SERVE customers."
For more, see: MOYA: Economies of scale from Acuatico merger