The research house said that the Splash
PETALING JAYA: The quantum of reduction in the cost of treated water for Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) post-acquisition by the Selangor state government is a “negative surprise”, according to CIMB Research.
The research house said that the Splash’s cost of treated water or bulk supply rate (BSR) will be cut by almost 67.9% to 69.3%, and this could lead towards less lucrative post-restructuring operations and maintenance (O&M) contracts.
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