DBS Weigao raised the target price of Tianjin Venture Environmental Protection Co., Ltd. (1065.HK) from HK$3.40 to HK$3.60. Previously, it also raised the company's profit forecast by 3-4%. The bank said that due to rising water prices, the company's net profit increased by 24% in the first half of fiscal year 2014, which was higher than expected. The bank said that considering the slow growth of Tianjin Venture Environmental Protection Co., Ltd. and the increase in orders, the company's overvaluation was unreasonable, and the bank maintained the stock's selling rating.
星展唯高达将天津创业环保目标价上调至3.60港元
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