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521-540 of 788
Slowly but surely
friend of mine advice to buy n hold tis stock..he sell most of the share n buy tis share..ok..lah..buy 5 lots at 2.50....
Weekly charts very nice.
broke high of 2.53 but on low vol
not so convincing..
y?so bull..it go up alot today?update?
Too high to buy now?
http://www.rmao.net/forum/viewtopic.php?f=5&t=435
what you think?
sembamcorp had also entered agreement with China why the share price no jump like Hyflux.
It is just a agreement.
ashy08 ( Date: 25-Jun-2009 10:52) Posted:
Hyflux had entered the agreement. So any one any advise on this. |
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OCBC analyst update:
Hyflux: Getting a foothold in Libya
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By Carey Wong
Thu, 25 Jun 2009, 08:39:05 SGT
Hyflux Ltd has just announced a new MOA (Memorandum of Agreement) with the General Desalination Company (GDC) – the commercial arm of the Ministry of Utilities in Libya to for a number of JV companies to develop two seawater desalination plants – they will have a combined minimum design capacity of 900k m3/day. We believe that the latest geographical expansion into Libya is an important milestone for Hyflux and would further serve to showcase its technologies to the rest of the world, and should result in more project wins. Meanwhile, we are keeping our FY09 and FY10 estimates unchanged until we get better clarity on the two projects. Nevertheless, due to the latest positive development and the recent re-rating of the equity market, we raise our valuation from 18x FY09F EPS to 20x blended FY09/10 EPS and our fair value from S$$2.11 to S$2.52. Maintain BUY.
Expands into Libya. Hyflux Ltd has just announced a new MOA (Memorandum of Agreement) with the General Desalination Company (GDC) – the commercial arm of the Ministry of Utilities in Libya to for a number of JV companies to develop two seawater desalination plants. The first would be a plant with a minimum design capacity of 500k m3/day in east of Tripoli – possibly the largest membrane-based plant in the world; the second will have a minimum design capacity of 400k m3/day in Benghazi. We understand that the MOA was a result of nearly nine months of talks between Hyflux and GDC and Hyflux was selected due to its technological edge as well as value proposition.
No immediate financial impact. Although Hyflux has provided a brief outline of the likely JV – which is pretty similar to the one adopted for its projects in Algeria, other details (including the project value) are still sketchy at this stage. As it may take several months before the actual agreement is signed, we do not expect the Libyan projects to have any immediate financial impact. But we estimate that the project value of the two projects should easily exceed S$1b (to as much as S$1.5b) and would bump up Hyflux’s order book for the next three years.
Awards US$28m contract for Magtaa. Earlier, Hyflux awarded a contract worth US$28m to ABB for it to supply electrical equipment for its Magtaa project in Algeria – currently the world’s largest membrane-based reverse-osmosis seawater desalination plant. According to reports, ABB will set up a 220kV outdoor substation to provide power to the facility and it will also supply power transformers, medium-voltage drives and medium and low-voltage switchgear. Separately, Hyflux has also signed a MOU with ABB to collaborate on energy efficiency technologies and solutions.
Raising fair value to S$2.52. We believe that the latest geographical expansion into Libya is an important milestone for Hyflux and would further serve to showcase its technologies to the rest of the world, and should result in more project wins. Meanwhile, we are keeping our FY09 and FY10 estimates unchanged until we get better clarity on the two projects. Nevertheless, due to the positive development and the recent re-rating of the equity market, we raise our valuation from 18x FY09F EPS to 20x blended FY09/10 EPS and our fair value from S$$2.11 to S$2.52. Maintain BUY.
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KE has a TP of $2.63 for this counter in its review on 16 Jun. Looks like this is going to be achieved soon with this new project announcement.
personally , i feel that it's a potential counter just that it's not suitable for contra player dur to volume.
Near term hope it moved up & break strong resistance at 2.32. It's time this counter edge upward. Not vested thou, don't have funds to hold :(
Hyflux had entered the agreement. So any one any advise on this.
Hyflux Ltd (“Hyflux”) is pleased to announce that it has today entered into a Memorandum of Agreement
(“MoA”) with the General Desalination Company (“GDC”), the commercial arm of the Ministry of
Utilities of the Great Socialist People's Libyan Arab Jamahiriya.
Pursuant to the terms of the MoA, Hyflux and GDC undertake to each other to conclude negotiations and
reach agreement for the establishment of a number of joint venture companies (“JVCOs”) to develop two
seawater desalination plants (“Plants”) as follows:
1. One seawater desalination plant with a minimum designed capacity of 500,000 m3/day in the east
of Tripoli; and
2. One seawater desalination plant with a minimum designed capacity of 400,000 m3/day in
Benghazi.
Similar to the seawater desalination plants under current construction by Hyflux, the Plants in Libya
would use Hyflux’s ultra filtration membranes and process technology in the production of the reverse
osmosis water. Subject to execution of definitive joint venture agreements, it is anticipated that JVCOs
would develop the Plants on a design, build, own, operate and transfer basis, Hyflux’s wholly-owned
subsidiaries would undertake the initial engineering, procurement and construction works for the Plants,
and joint venture companies would undertake the operation and maintenance works upon testing and
commissioning of the Plants throughout the concession period.
Hyflux shall provide further details with respect to the GDC partnership in subsequent announcements
upon further developments of a material nature.
The project is not expected to have a positive material impact on the Hyflux Group’s earnings per share
for the financial year ending 31December 2009. None of the Directors or substantial shareholders of the
Company has any interest, direct or indirect, in the above transaction, save for their shareholdings in
Hyflux.
BY ORDER OF THE BOARD
HYFLUX LTD
Sam Ong, Deputy CEO, CFO
Submitted on 24 June 2009 to SGX - ST
The Edge last few weeks put Hyflux as one of the counter that might raise right shares for capitals.. so, let's see if they are right..
They also call for SC Gloabl to raise right shares...
taybc1071 ( Date: 24-Jun-2009 13:00) Posted:
| Hyflux halted pending announcement. Any idea of the announcement? |
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Hyflux halted pending announcement. Any idea of the announcement?
Can't see the inverted H&S leh. More like double bottom to me. Watch ADX.
Bintang ( Date: 31-May-2009 10:02) Posted:
| Hyflux broke the neckline of the inverted head n shoulder pattern at $ 1.97 recently , it may advance to $ 2.61 . |
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Hyflux broke the neckline of the inverted head n shoulder pattern at $ 1.97 recently , it may advance to $ 2.61 .
Breakout of the 200MA. look at the chart, resistance seems to be around 2.4-2.56 region.
attempting to breakout of the 2.00 resistance...
Time for Hyflux to catch up.
Hyflux -080509-DBS Vickers
$1.84 | Hold
DBS Vickers downgrades from “Buy” but raises target price to $2.05 from $1.96, based on 17 times FY09 earnings to align valuation to sector average. Brokerage says it doesn’t expect a rebound in contract flow in the near-term given limited funding resources and lowers the FY09 forecast for new orders to $160 million from $300 million.
