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HSBC lifts Dynagreen Env (01330) to HK$5.4
HSBC Global  Research lifted its target price
for Dynagreen Environmental (01330) to HK$5.4 from HK$5.3, and reiterated its "buy"
rating.
  The research house continues to like Dynagreen for its strong growth of cash-based 
project operation income as a result of the continuous commencement of new projects. 
Despite construction revenue showing a lower growth rate in 1H 2017, there is still good 
visibility on the company's project pipeline, given only 38% of its contracted capacity is
in operation.
  HSBC said Dynagreen is currently trading at 7x PE and 1x PB for 2018, which is 
attractive compared with other sub-sectors in the utilities space.

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