SINGAPORE (Oct 3): Maybank Kim Eng is overhauling Sembcorp Industries to "hold" from "offer" as it trusts the negatives have been estimated into the stock and wants to sit tight for its plants in India to convey.
In a Monday note, expert Yeak Chee Keong says India is by all accounts the main significant wellspring of profit development for utilities in FY17-18E.
He expects Thermal Powertech Corporation India Limited (TPCIL) to begin conveying from 3Q16 in the wake of determining its specialized issues, enhancing its heap variables and winning long haul bargains.
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