Memiontec - Phillip Securities 2024-05-13: Fully Integrated Water Infrastructure Provider

• Memiontec’s net profit has doubled over the past two years from new water projects in Singapore and Indonesia. Recurrent revenue is also building up from their five water projects ain Indonesia.
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• Memiontec's business model is to capture the entire value chain and profit pool from a water infrastructure project. The company completes the entire design, fabrication of equipment, and construction. Upon completion of the project, Memiontec will have two other sources of income. It will have a stake in the water sales to the municipalities and the long-term maintenance contract of the water plant.
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Memiontec - Company Background

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Above is an excerpt from a report by Phillip Securities Research.
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