Brokers' take

Water sector | Overweight

RHB Research, Nov 25

We resume coverage on the wastewater treatment stocks listed in Singapore. China has been notorious for its incredibly high levels of pollution; however, over the last five years, it has taken definitive steps towards a clean revolution. Its Water Action Plan set out in April indicated that the nation would invest about five trillion yuan (S$1.1 trillion) by 2020 to improve its water treatment industry.