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DBS thinks the water sector is undervalued compared to HK/China peers. Its top picks are Hyflux, Epure, Asia Env and Hyflux Water Trust.
still holding well between 2.70 to 2.75 (strong support), despite heavy losses in most counters (like SGX)...... extremely low trading volume...... guess investors waiting tonight DOW outcome (Futures aldy in RED of more than 100pts)...... Dun be fooled however, market can turn around anytime depending on the first earnings report & the company's guidance tonight....... Good Luck!!!
interesting nic.. zhang wuji.. reminds me of the movie "condor hero and beauty women". As in that movie.. be careful of falling in love with beautful maidens (stocks)
Hyflux has far more potential than the current stock price it's trading in.....
Rising costs, difficulty in raising capital may have led to 30% year-to-date fall in Singapore's water-related stocks; but growth outlook for these companies remains firmly supported by record orderbooks, buoyant long-term demand, says DBS Vickers. Expects "already robust" orderbooks to continue expanding given companies'' substantial exposure to China''s buoyant water sector, ongoing venture into other high-growth markets like Middle East, North Africa, India. Says stronger players which can better handle cost increases, obtain funding for new projects will still be able to eke out decent growth, despite rising labor, material costs. Picks Epure, Asia Environment, Hyflux, Hyflux Water Trust as favourites, with respective target price of $1.07, $0.64, $3.53, $0.90.
Matthews International Funds reduced its stake in Hyflux from 6.06% To 4.996% on 1/7.
Hyflux said on Fri it had launched a $300 m multi-currency debt programme to raise funds for debt refinancing, expenditure and working capital. The company said in a statement it appointed DBS and Standard Chartered as arrangers and initial dealers of the programme.
US-based Marmon Water LLC said 26/6 it will build a plant in S'pore to manufacture water filtration components that will be integrated with membrane technology produced by Hyflux.
The $24 m facility is slated to began production of carbon blocks used in residential filtration systems by early '09, the companies said. It will be operated by KX Technologies Pte. Ltd., a unit of Marmon Water.
Both companies plan to launch new water treatment products by the end of '08.
In '07, Marmon and Hyflux set up a joint water research and development center in S'pore.
Peer:
Hyflux CurrP:$3.60 P/E(ttm): 49.49 Yield: 0.90%
Epure CurrP:$0.56 P/E(ttm): 20.79 Yield: 1.19%
Asia Env CurrP:$0.51 P/E(ttm): 10.61 Yield: 1.96%
*Industry P/E: 32.05
Hi ktlow08. According to CIMB, Hyflux's FY07 PE is 49.2x and FY08 PE is 28.6x.
Hi Zhuge_Liang, do you know Hyflux's trailing and forward PE? I always like the company but its PE has been rich and that keeps me away.
zhuge_liang ( Date: 23-Apr-2008 11:58) Posted:
Goldman Sachs has raised its share price target to $4.00 from $3.38 while CIMB analyst Jessie Lai kept the firm at "outperform" with a share price target of $3.60 after the contract win.
Hyflux said in a statement the new contract would double its order book to $1.5 billion. |
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Goldman Sachs has raised its share price target to $4.00 from $3.38 while CIMB analyst Jessie Lai kept the firm at "outperform" with a share price target of $3.60 after the contract win.
Hyflux said in a statement the new contract would double its order book to $1.5 billion.
Uncle AK, if buy n contra hyflux 2morrow, beer $$ shud hv.
AK_Francis ( Date: 22-Apr-2008 19:35) Posted:
| Yah man HF transder its business to its Reit, as mentioned during IPO, if not mistaken unless AK read wrongly and bought them with faith. |
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April 22, 2008, 5.31 pm (Singapore time) 
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Last updated 5.52pm
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Hyflux wins bid to build US$468m Algerian water plant
Hyflux
Ltd on Tuesday said it has won its largest job to-date and will build
the world's largest seawater desalination plant in Algeria -- a project
valued at US$468 million (about S$632 million).
Hyflux's wholly owned subsidiary MenaSpring Utility (S) Pte Ltd has
been awarded the contract by Algeria Energy Company (AEC) - the
government company handling power and water privatisation exercise in
Algeria.
The company will build a seawater desalination plant in Magtaa, Oran
region, western Algeria with a capacity of 500,000m3/day using reverse
osmosis membrane technology.
The plant is the world's largest
in terms of volume production. This is also the largest project to be
undertaken by the group to date.
Hyflux said it won the bid
amidst intense competition from five other contenders comprising water
organisations from Spain and other reputable international players from
United Kingdom, Japan and USA.
Hylfux will partner partner with AEC for the project.
A joint venture company will be incorporated for the building of the plant on a design-own-operate-transfer (DBOOT) basis.
The joint venture company is 51 percent owned by MenaSpring (or its nominee) and 49 percent owned by AEC.
Under a 25-year concession agreement, the project company will supply
500,000m3/day of desalinated water to L'Algerienne Des Eaux (ADE), the
state-owned national public water entity of Algeria and Sonatrach SpA,
the national oil company of Algeria on a take-or-pay basis.
Targeted for completion in about 2.5 years from financial close, 70
percent of the project cost will be financed through non-recourse
project financing with local Algerian banks as arranged by AEC. -- BT
Newsroom |
Yah man HF transder its business to its Reit, as mentioned during IPO, if not mistaken unless AK read wrongly and bought them with faith.
Trading halt at 9am. Good news coming?
Any idea when water their dividend ?? I vested too !
But AK wholeheartedly vested leh, its Reit. Now, .605 instead of IPO of 0.78. Dun know why, things may get better if someone got married, he he, joking lah!!!!
good job hyflux. it's going to fly
