Hyflux    Last:0.21   -

Hyflux

HYFLUX SECURES AN ESTIMATED RMB 377 MILLION WORTH OF

WATER PROJECTS IN CHINA

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0CA4C603E9AA3BAD4825742C003F25F3/$file/Hyflux_Misc_Gong_Chang_Ling_Minguang_Xiajing_15April08.pdf?openelement

 

This counter goes up fast, goes down also fast. I closed my position today le.

 

This stock has been taken out of sti blue chip list now. means vol will fall i suppose.

 

well..this hyflux still hv much room for down trend...applying general trend of the majority of other stocks leh..

hee..

 

Vested today to support Olivia.Really admire her!

 

i just know it was not hit while everybody kena sell down.. so, these two days drops are just compensate with the whole market overall selldown..

 

market view is that hyflux is way overvalued for too long leow... don't know why it manage to stay sky high for so long. think it still has more downsides coming...

 

Thank you, DnApeh.

 

Credit Suisse downgrade to neutral TP 3.14 from 3.60

 

Why is this counter in the red despite rally for most other counters?

 

Hmm... had Hyflux a few yrs ago.. throw already.. y? Cos the divy sux.. the stock doesnt really run much up.. also very volatile.. management dont really care about giving back to shareholders when its a bull market.. least to say a bear..

Just my opinion who used to own Hyflux shares for many yrs...

 

 

Hyflux expects its China revenue to grow by 30% this year over last year in the fast-growing market, a senior executive said.

China, plagued by water shortages and worsening pollution, is thirsty for more clean water to feed its breakneck economic growth. Hyflux also expects its order book for China to grow by 30% annually over the next several years, Sam Ong, Hyflux's chief financial officer, said.

China is expected to make up around 65% of the company's total revenue in 2008, compared with 81% of its $192.8m in revenue in 2007, as its rapidly growing Algeria operations take on a bigger chunk.

Hyflux said last year it had invested in a joint venture to build a desalination plant in Algeria, which is expected to make up 20% of revenue this year, he added.

Hyflux had an order book worth $863 million in 2007. Hyflux, which has 39 plants in China, competes for projects with Chinese water firms such as China Everbright and Tianjin Capital Environmental, and foreign rivals including Darco Water, Bio-Treat Technology and Suez SA.

 

NEWS RELEASE

HYFLUX POSTS FY2007 NET EARNINGS OF S$32.9 MILLION ON REVENUE

OF S$192.8 MILLION

Key Highlights:

?

millionProfit After Tax and Minority Interest (PATMI) is 113% higher at S$32.9

? Earnings per share is 111% higher at 6.32 cents

? Proposed dividend is 40% higher at 1.89 cents

? Order book is 98% higher at S$863 million

?

water trustSuccessful IPO of Hyflux Water Trust, Asia?s first pure-play global

?

AlgeriaSuccessful joint venture for the largest plant for Hyflux to date in

 

Highly geared counter. Cash flow is tight. PE is high. In terms of valuation, it is far too expensive as compared to the other water treatment and environment companies.

A no no for investors. Unless you are looking at the long term. But the barrier to entry in this market is no longer that difficult as compared to a couple of years ago. Many new players have the technology and know how and many companies have overtaken Hyflux. It is losing its competitive advantage.

SELL

 

This counter's TA charts still look the same. It has been downtrending since my last post.

 

Singaporegal,

Thanks. Current turmoil is making my head dizzy. Going to stay away from it for a while.

 

Hi Lazyhorse,

I don't really use Target prices. Just follow the trend.

From the charts, this counter's still looking somewhat bearish. Acc/Dist and Chaikin are heading southwards.

 

It slow moving as most of its projects had been materialised unless there is new project or post coy good result announced later.

It up 4 cents to 3.01 todate. It was at 3.11 on 8 Jan 08. Its history high is 3.72 and low is 2.04. PE is rather bad at 94.82.

My  view is don't touch it at this voletile moment, unless it goes down below 3.00 again. Cheers.

 

Singaporegal,

Any price in mind to go in at ? Thanks.

I made quite a far bit going in and out of this counter. But now stuck with Hyflux Water Trust. Retribution..... : ))

 

Last post on Hyflux was 1 month ago. Looks like TA charts have not changed. Still bearish looking.