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Brokers' take

Moya Holdings Asia | BUY (Initiate coverage)
Target price: S$0.17
Sept 4 price: S$0.115

RHB Research, Sept 4

Moya is the only listed proxy to Indonesia's water treatment sector, and has become the largest water treatment player in terms of capacity after its acquisition of Acuatico.

With its S$60 million cash hoard, we believe it could continue with its acquisition spree to further consolidate Indonesia's private water treatment sector.

With rapid forecasted growth and further cost savings initiatives,...

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