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141-151 of 151
Lets see what happens these few days. Its near its 52 week low now.
allantanhc - You are right. Hyflux captured my attention at 11.00am and I kept track of this counter and noticed that the "invincible hands" were at work. I manage to get only 10 lots although I waited to buy more on weakness but was unsuccessful.
I believe anyone who picked up today is likely to see profits tomorrow.
singaporegal - I think you are right. I concur with you that the price of this counter is going to break out and heading north. This was clearly seen by the price action.
In my opinion, this counter's price had fallen very badly for some time and it would appear that a reversal is in sight. Good luck to all vested!
Hyflux may be undergoing reversal now. Price looks to be heading north. Wait for few days for trend to clarify.
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17:05:07
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2.270
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1,000
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Pre-Close Trade
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16:59:36
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2.270
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7,000
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Sold to Buyer
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16:59:14
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2.280
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5,000
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Bought from Seller
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16:59:03
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2.280
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2,000
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Bought from Seller
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16:59:02
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2.270
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9,000
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Sold to Buyer
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16:58:34
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2.280
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2,000
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Bought from Seller
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16:58:33
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2.270
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1,000
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Sold to Buyer
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16:58:32
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2.270
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5,000
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Sold to Buyer
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16:58:32
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2.280
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205,000
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Bought from Seller
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16:58:25
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2.270
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3,000
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Sold to Buyer
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16:57:08
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2.280
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23,000
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Bought from Seller
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16:56:43
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2.270
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3,000
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Sold to Buyer
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16:53:52
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2.270
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2,000
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Sold to Buyer
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16:53:38
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2.280
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3,000
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Bought from Seller
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16:53:21
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2.270
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2,000
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Sold to Buyer
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16:51:45
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2.270
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10,000
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Sold to Buyer
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16:51:30
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2.270
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1,000
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Sold to Buyer
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16:49:31
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2.270
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174,000
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Bought from Seller
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Hyflux has come alive today. Just look at the trades done during the last 10 minutes. Some big players are buying up the stock. Very promising.
Just broke its resistance at $2.23 this morning. Breaking this resistance is significant as it is a breakout from a double bottom formation. The stock should now move up to $2.39 as an immediate target. Is anyone holding this stock?
Its near 52 week low now!
Yesterday's darling??
Yesterday's darling??
A number of downgrades with price targets ranging from $2.04-$2.16.
I believe Hyflux is a good buy for long term basis due to our contineous water shortage problem .... and when Malaysia threatens to turn the tap off on us in future. For short term ... avoid this stock.
Hyflux posted a weak first half yesterday. Though revenue increased by 65%, profit was down by 45%. Company explained the drop due to presence of one-time gain last year. Taking the one-time gain out, core business actually grew 114%.
However, on a q-to-q basis, profit was also lower. Earning per share for first half was 2.44 cents but only 0.58 cents came from second quarter. This means first quarter's contribution was 1.86 cents.
Though company is confident on the stronger performance in the second half. It is likely that the counter will come under sell pressure.
From TA charts, the trend looks uncertain. But if I were to hazard a guess... its slightly more likely to go down than up.
Though contract value is small, it is a breakthrough and it opens up many possible opportunities for the company in this new market.
Incidentally, Hyflux's results are due tomorrow. Don't know how well it is doing? The counter has been hammered down quite badly this year. I think it is about time for it to turn around. Anyone in this forum has an interest in this counter? A good time to accumulate?