KUALA LUMPUR: CIMB Equities Research is retaining its “neutral” outlook on the water treatment and services sector pending the Aug 10 water deal deadline for the takeover of Syarikat Pengeluar Air Selangor (Splash).
It said while diminishing political risks post-GE14 may prevent water deals from failing, it is too premature to conclude that the valuation range of RM2.5bil to RM2.7bil price tag will be acceptable to the latter’s shareholders.
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