Cyient reiterated its S3 strategy and its transformation into an end-to-end Tier-1 solutions provider. While Cyient 3.0 involves design, build, operate and maintain, Cyient 4.0 would focus on transforming the company into an end-to-end solutions provider by leveraging IPs (developed in-house and through partnership). We remain confident of the growth momentum, factor acquisition of Ansem and increase FY19/20E revenue by 1%/3% and EPS by 2%/4%. We now our forecast of FY18-20E revenue (US$)/EPS CAGR of 15.5%/13.9%. We maintain BUY with new TP of Rs889 based on 18x FY20E (vs. 16x earlier)....