DBS maintained the New Environmental Energy (3989.HK) purchase rating and reduced the target price from HK$3.11 to HK$2.10. Previously, DBS also lowered the company's profit forecasts for FY2010 and FY2011 by 45% and 55%, respectively, because it is expected that there will not be many other projects in the pipeline until the Shanghai project is fully put into operation in early FY2011. To reflect the high implementation risk of new environmentally friendly energy, DBS set the new target price at a 30% discount on its estimated net asset value. DBS said that although the bank is dissatisfied with the preparation and execution of the new environmentally friendly energy project, it believes that the stock has been oversold. The trading of New Environmental Energy was still suspended. Before the suspension, it reported HK$0.83.