Singapore water firm Hyflux (HYFL.SI) said on Tuesday it has signed three concession agreements with the government of China's Chongqing City to develop three water projects in the city's Hechuan Industrial Park.
Hyflux will invest approximately US$45 million ($58.3 million) in these three Build-Own-Transfer projects and maintain the plants over a concession period of 30 years, the firm said in a statement to the Singapore Exchange.
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You should not say that...
This kind of attitude is being disrespectful of the market..
As far as the market is concerned, itself is the only thing that is " zhun" .
All humans are just betting, nothing more...
SweePrincess ( Date: 02-Mar-2011 15:57) Posted:
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Several explosions in Libya ... caused panic. But apparently the explosions came from a fuel truck and not war associated.
Okay at least a target and will see if u chun :-) But why the sudden dip har?
I should think 1.72 will a reasonable price to buy...
But it may or may not go there...
In stocks, nothing can be certain...
SupremeA ( Date: 02-Mar-2011 15:52) Posted:
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Buy when the px is low.
SweePrincess ( Date: 02-Mar-2011 15:42) Posted:
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Anyone out there know what happened to Hyflux? Today price dip to 1.84... seems dropping somemore... good entry level? Any Sifu out there to give guidance to Newbie here?
*[error for prev post]
Hyflux: Positive 4Q10 results maintain BUY
Summary: Hyflux Ltd posted a very positive set of 4Q10 results last evening, with revenue up 8.5% YoY and 38.6% QoQ to S$190.5m, while reported net profit jumped 38.4% YoY and 88.7% QoQ to S$35.8m and if we exclude forex and exceptional items, core pre-tax profit would have doubled both YoY and QoQ). FY10 revenue rose 8.6% to S$569.7m, or 2.1% above our forecast, while reported net profit added 18.0% to S$88.5m, or 17.9% above forecast.
Hyflux also declared a final dividend of S$0.03/share, bringing the total payout to S$0.042 versus S$0.033 in FY09 (adjusted for 1-for-2 bonus issue). We remain confident that Hyflux can continue to deliver in 2011 and we are maintaining our FY11 revenue forecast and raise our core earnings estimate by 6%. But in view of the lower risk appetite, we take a 10% haircut on our valuation, which eases our fair value slightly from S$2.70 to S$2.41 (based on 22.5x FY11F PER). In view of the 22% upside from here and its positive long-term prospects, we maintain our BUY rating. (Carey Wong) iocbc
krisluke ( Date: 24-Feb-2011 20:45) Posted:
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Rotary Engineering: FY10 results surpass expectations
Summary: Rotary Engineering (Rotary) reported its FY10 results this morning with revenue growing 28% to S$704.2m and net profit increasing 18% to S$63.7m, surpassing our S$55.4m estimate. For its 4Q10, revenue grew 9% YoY and 3% QoQ to S$159.6m, gross profit increased 6% YoY and 25% QoQ to S$48.3m, and net profit improved by 4% YoY and 164% QoQ to S$27.1m. Gross profit margin held steady at 30.2% (vs. 31.1% in 4Q09), while net profit margin came in at 17.0% (vs. 17.8% in 4Q09).
For the full year, gross profit margin declined from 23.5% in FY09 to 22.3% in FY10, but still surpassed management’s 15%-20% guidance. Net profit margin contracted by 0.7ppt to 9.1%. A final dividend of 3.8 S cents has been declared. We will have more updates after the analyst briefing later today. For now, we put our BUY rating and S$1.22 fair value estimate under review. (Lee Wen Ching) iocbc
I take profit from here, I 'll switch buying to Midas. As far as I know, fundamentally its business prospect is not changing, on the contrary, more and more contracts work secured lately!
Hyflux Ltd announced that it has been awarded a concession by the People’s Government of Zunyi City pursuant to an open bid to develop a wastewater treatment plant to treat up 150,000m3 of domestic wastewater per day for Zunyi City in north Guizhou province, China. Hyflux, will develop the project on a Build-Own-Transfer (“BOT”) arrangement. Besides undertaking the design and engineering, procurement and construction works, Hyflux will operate and maintain the plant on a 30-year concession. The Project is scheduled to complete construction in the second half of 2012. The project’s investment cost is estimated at approximately RMB 200 million. Hyflux will fund the investment through internal resources.
Feb 22 (Reuters) - Shares of Singapore water firm Hyflux
J.P. Morgan said Hyflux is still in negotiations with the government in Libya on two seawater desalination plants, and the firm has also won a $100 million engineering, procurement and construction contract for another desalination plant. " We see risks that these contracts might not be honored if there is a change in government given these projects are co-owned with the existing government," the brokerage said in a report. " If there is no change in government, we would still expect further delays for these contracts before work can begin," it added. J.P. Morgan downgraded Hyflux to neutral from overweight and lowered its target price to S$1.90 from S$2.33.
Ic tks! New contract secured.
HYFLUX TO DEVELOP WASTEWATER TREATMENT PLANT IN ZUNYI, GUIZHOU,
CHINA. Tmr may see its prices goes up ....
Hyflux monitoring Libya after winning contract in November: Update
Hyflux, Singapore’s biggest provider of water-treatment services, said it’s monitoring developments in Libya after winning a contract in November. The stock dropped the most in two months.
Hyflux said Nov. 15 it won a US$100 million ($127.4 million) government contract for a seawater desalination plant in the northeastern city of Tobruk, the company’s first project in Libya. Hyflux will also operate the plant for three years, it said.
“Hyflux has yet to commence construction works,” it said in an e-mailed response to a query. “We are closely monitoring the situation in Libya.”
Libya, holder of the largest crude oil reserves on the African continent, has become the focal point of region-wide protests ignited by the ouster of Tunisia’s president last month and energized by the fall of Egypt’s President Hosni Mubarak on Feb. 11. Violence has flared in Yemen, Djibouti and Bahrain as governments have sought to crack down on calls for reform.
Muammar Qaddafi’s son called on protesters in Libya to engage in dialogue or face a civil war that risks the country’s oil wealth, as the widening revolt posed the most serious challenge to his father’s 41 years of rule.
Hyflux fell 3.6% to $2.13 as of 4:29 p.m. in Singapore, the biggest decline since Dec. 20. The Singapore benchmark Straits Times Index lost 0.6%.
The contract would help boost Hyflux’s presence in North Africa beyond Algeria, Chief Executive Officer Olivia Lum said in the Nov. 15 statement. The plant will produce 40,000 cubic meters of water a day when it’s built, according to the statement.
Any idea why this counter down 5 cents today at $2.16? Is it a Buy call ?
Credit Suisse maintains BUY recommendation with Target Price at $2.80
● Hyflux announced it has signed agreements to develop three
water proejcts in Chongqing, China. It will invest US$45 mn (S$59
mn) in these Build-Own-Transfer (BOT) projects, and will operate
and maintain the plants over 30 years. The contracts will achieve
around 10% of our FY11 contract win forecast of S$600 mn.
● We believe this contract win is significant, as it is the first in China
for Hyflux in 32 months, and will allay concerns that it is losing its
competitiveness against local players. It will also be the first for
Hyflux in Chongqing, reflecting Hyflux’s ability to participate in
infrastructure investment growth in western provinces.
● In our note, 2011 could be a record year for orders dated 6
January, we highlighted that contract wins for Hyflux could recover
strongly this year. With the JV with Mitsui and delisting of HWT,
we believe Hyflux is financially ready to take on new projects.
● We maintain our OUTPERFORM rating and target price of
S$2.80. Further catalysts could come from contract wins for
desalination plants in Singapore and MENA, as well as more
municipal water treatment projects in China.
Life Is Great
| TUESDAY, 11 JANUARY 2011 19:00 |
Credit Suisse recommends BUY with Target Price at $2.80
● Hyflux has risen 16% since 31 August 2010, outperforming the
STI by 8%. We expect its share price outperformance to continue,
driven by a recovery in orders, with potential contracts for
desalination plants in Singapore and MENA, as well as municipal
water treatment projects in China.
● Consistent with its strategy to position itself well to take on new
projects, Hyflux has made new appointments, which will further
strengthen its management team.
● The key risk to earnings in 2011 is from strengthening of the SGD
versus the USD, as well as rising wage costs. Against this
backdrop, management remains committed to maintaining gross
margin at 40%, net margins at 14% and ROE at 20%.
● We believe that following a period of reorganisation, Hyflux is
financially and operationally well positioned to take on new
projects. As such, we raise our recurring order forecasts to S$600
mn (from S$500 mn), and our SOTP-based target price to S$2.80
(from S$2.53). We maintain an OUTPERFORM.
Life Is Great
Today is a Good Day to Buy Hyflux.
Business: Water Treatment Systems; In Singapore, Malaysia, Indonesia, China, Middle East, North Africa and India.
Now Trading at $2.33.
1. Price sitting just above its support level at $2.30.
2. Fibonacci shows that price could reach a Potential High of $2.70.
3. MACD is in the mist of reversing upwards.
4. Stochastic still in Oversold Region.
5. Company gives regular Dividends.
6. Revenue, Profit and Cash Flow all increase QoQ.
7. Debt has reduced from last year.
Grade: 8.
Target Price: $2.70.
More on my Blog at Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck to all.
Bonus shares,,, ,,, is it a good news ? ?
Depending on which price you bought before XB... it is a good/better profit sold at higher range this morning.