Stock Buy Call: Epure with target price of 1.08 by DBS Vickers

DBS Vickers says it has started covering Epure International Ltd with "buy" rating and a target price of 1.08 sgd."Epure is well poised to capitalize on the opportunities in the waste water treatment sector, underpinned by China's growing awareness on [sic] environment protection," the brokerage said in a note. "With its proven track record, strong management team and reputable brand name, we believe that Epure can differentiate itself by focussing on larger-scale and greater-technical-complexity projects," it said. It said that Epure's orders, worth 419 mln yuan at the end of the third quarter, provided clear earnings visibility for this year. At 9.18 am, Epure was up 0.055 sgd or 6.75 pct at 0.87, on volume of 4.42 mln shares.