Hyflux

[winston]

Hyflux reports big jump in Q2 earnings
By EMILYN YAP

Water firm Hyflux Ltd on Wednesday reported net earnings of $22.6 million for the second quarter ended June 30, 2008 - a 311 per cent jump from the same period last year.

Group revenue registered a 139 per cent increase from Q207 to reach $108.1 million in Q208.

China and Middle East and Africa (MENA) were the main growth drivers for the group, said Hyflux. China contributed 61 per cent of total revenue for the second quarter, while MENA contributed 34 per cent.

Hyflux's earnings per share was 4.3 cents in Q208, more than four times that in the year-ago period.

For the first half ended June 30, 2008, net earnings was $28.3 million, 326 per cent higher than in H107.

Revenue rose 215 per cent to $197.7 million in H108.

[winston]

Not vested.

Nomura Singapore analysts upgraded Hyflux's rating to a "buy" with a target price of S$3.18 on reviewed valuations.

Nomura said it had raised its 2008 forecast earnings for Hyflux to reflect marginal changes to core operating earnings which saw its net profit forecast excluding disposals rise to S$55.1 million ($38.9 million) from S$59.91 million; and expected a divestment gain of about S$35 million in the fourth quarter of 2008 via the sale of nine mainland water assets to Hyflux Water Trust .

[iam802]

Hyflux... itchy time again.

1. After moving up till 18 Aug to Sept 2, it hit the kumo where it seems to face some kind of resistant (dipping a bit).

2. Lehman event (some time around Sept 10 to Sept 15). Tenkan sen cuts kijun sen inside kumo.

3. Price fall below kumo

4. Moving forward, there is a gap at $2.5 from where it falls. Gap is not covered as of today.

5. Also, there is a huge kumo above it. Tenkan sen now below kijun sen.

6. Moving forward, should the tenkan sen cuts kijun sen with price going upward, we would probably see a transition period as it tries to exit the kumo.

7. A 'probe' may be placed when lines cross and confirmation will be through its exit from the kumo (on the other side).

Made sense?

[blid2def]

Well, I'm not looking to go long in this rally (not yet) but still, let's talk through this.

Usually, I rely first and foremost on the Chikou/price cross as a confirmation. However, looking at the picture, whether you'll get that soon depends on how quickly price/Tenkan rises to cut the Kijun. If price goes up at a 45 degrees incline, you'll only see the cut in mid-October.

So, okay, assuming you've a bigger risk appetite and don't wish to wait for the Chikou confirmation signal, then watch for the thick kumo, which means we're running into a fog of resistances... I went to look at the chart in ChartNexus... 2.6, 2.7, 2.76, 2.82, 2.9 (all these formed with 2 or more Chikou peaks/troughs).

If you use conventional trend lines and patterns - you'll see two things:
(1) You have a resistance trend line coming down from Jun 08 that the price will meet on its way up.
(2) The trendline from (1) combines with the flat support line that you can draw through 2.4 to form a descending triangle. So you get:
downtrend -> descending triangle... -> ??? This looks like a bearish continuation pattern to me.

Sorry, I don't like this chart at all and I wouldn't trade it. Of course, if I'm wrong then LL.

[iam802]

Thanks GR.

So, the thick kumo is bascially a huge collection of resistant lines.

[winston]

OK, you all can continue discussing the Itchy Mushrooms on this thread, not that I understand the discussion

[blid2def]

Thanks GR.

So, the thick kumo is bascially a huge collection of resistant lines.

Yes. This is one of the key things about ichimoku - the kumo cloud thickness is supposed to show the amount of SRs that the price faces. So if you're trading up, you want a thin kumo to cross over. Then you want a thick kumo to form below you to cushion your fall.

That is also the reason the kumo is the "no trend" zone... because it keeps getting bumped around by the resistances and supports. Of course, you do get charts where price slices through thick kumos like a hot knife through butter sometimes.

For those interested, here's the Ichimoku system explained (this is the best reference I can find on the web so far, and the one I rely on):

http://www.kumotrader.com/ichimoku_wiki ... =Main_Page

Note: I'm a newbie in this as well; sorry if I can't explain why certain things work the way it works. Hahaha...

[helios]

something like this?

i won't trade this because the candles are trusting on-the-neck; do not know if 2.5 short-term target is met or not?

& the last trough-to-peak takes 1.5months - practically.

MA14 = 2.7 which was the previous support in July. (No room left?)

*Hyflux should be more on FA ...

AOR.



- Chart reviewed on 19-Sept'08.

[blid2def]

Well, I'm not too good in candlesticks, other than one or two patterns (and only because I like their names hahahaha), but overall, I just think if the chart isn't convincing enough, then move on and find something else (yes, pay money to learn this, over and over and over again... doh).

Not sure about the Hyflux FA, as in dunno how to read or value. Haha.

[winston]

Not vested.

Asia's largest seawater desalination plant to be completed

Sep. 25, 2008 (China Knowledge) - The Tianjin Dagang Newspring Desalination Plant, the largest desalination plant in Asia, is expected to be completed in July 2009, according to a company official.

The project was invested by Singapore-based Hyflux Ltd, with a total investment of RMB 750 million.

Located in the petrochemical industrial park in Dagang district, the desalination plant will mainly provide industrial water use to the enterprises within the park.

The first phase of the plant is set to provide 100,000 tons of desalinated water each day and the output is to be increased to150, 000 tons.

As one of the pioneering Chinese cities in seawater desalination, Tianjin has a capacity of producing 5 million tons of desalinated seawater annually.