Hyflux

[kennynah]

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

for some one who doesnt know how to read, u sure write well....

[winston]

Singapore Hot Stocks-Hyflux climbs on positive broker note

SINGAPORE, Oct 22 (Reuters) - Shares of Hyflux Ltd , a water-treatment company, gained up to 9 percent on Wednesday after Credit Suisse more than doubled the stock's target price.

Credit Suisse analyst Clarice Khoo maintained an "outperform" rating on the company, and raised its target price 153 percent, from S$1.42 to S$3.60.

[winston]

ADVISORY-Reports on Singapore's Hyflux withdrawn, corrected

Please be advised that the report "Singapore Hot Stocks-Hyflux climbs on positive broker note" issued on Oct. 22, is incorrect and is withdrawn. The reference to Credit Suisse raising its target price for Hyflux was incorrect, as there was no change.

[millionairemind]

This must be a joke..

News agency mistake boosts Hyflux shares

By CHEW XIANG

THE shares of water treatment company Hyflux jumped more than 10 per cent in a falling market yesterday as a news agency mistakenly reported that a Credit Suisse analyst had more than doubled her target price for the stock.

The Reuters report said Credit Suisse analyst Clarice Khoo had yesterday raised her target 153 per cent from $1.42 to $3.60, while maintaining an 'outperform' rating on the company.

But no such report was issued and Hyflux made no announcement yesterday. According to Bloomberg data, Hyflux climbed as high as $1.68 at 4.20pm, up 18 per cent from Tuesday's closing price of $1.42. It closed yesterday at $1.57, up 15 cents or 10.6 per cent.

The surge was stark against a selldown in the broader market. The Straits Times Index lost almost 100 points, ending 5.2 per cent lower at 1,821.13 - its lowest since Aug 18, 2004.

The last note from Credit Suisse on Hyflux was released on Aug 7 after the company reported its Q2 results. Ms Khoo said then she was maintaining her forecasts and target price for the stock, with potential upside from asset injections into Hyflux's listed water trust and better-than-expected new orders this year.

Yesterday, other water plays such as Sino Environment, Asia Environment and Hyflux's Water Trust lost between 2 and 8 per cent. Hyflux has lost more than half of its value from its year-high of $3.71 in May.

For its second quarter to June 30, Hyflux quadrupled net profit to $22.6 million as revenue rose 139 per cent to a record $108.1 million.

Deputy chief executive officer Sam Ong said recently that in the worst-case scenario, the company could still grow its orders 10-20 per cent next year.

Earlier this month, shares of Cosco Corp slumped 16.7 per cent in one day after Credit Suisse analyst Haider Ali more than halved his target price on the company to 55 cents from $1.20.

[winston]

Hyflux Q3 net profit surges 159%
By LYNETTE KHOO

SINGAPOE - Hyflux said on Tuesday its net profit for the third quarter ended Sept 30 jumped more than two-fold to $17.33 million from $6.68 million a year ago on the back of robust growth in municipal sales and earnings stream from its water infrastructure programs.

It posted a record quarterly revenue of $177.4 million, a 177 per cent surge from a year ago, thanks largely to the key growth areas of China and the Middle East and North Africa (MENA), which accounted for 98 per cent of the group's revenue.

Total operating and finance expenses also surged 174 per cent to $154 million in the third quarter, while cash and equivalents grew 38 per cent year-on-year to $94 million as at end-September.

'We have managed costs and executed projects well in China and Algeria. Our total operating costs, including raw materials and consumables, are in line with the group's increased sales volumes,' said Hyflux CEO, president and managing director Olivia Lum.

She added that the group will continue to focus on its key markets in China, India, Southeast Asia and the MENA.

By market close, Hyflux shares rose 9.3 per cent or 14 cents to $1.65.

[winston]

The One Investment That Is Soaring Right Now By Tom Dyson

Less than nine weeks ago, I was in Singapore, at the headquarters of one of the fastest-growing, best-managed companies in the world.

This company is the world leader in water treatment and purification systems. It helped turn Singapore into the Silicon Valley of the world's water industry. Now, it does business across Asia, the Middle East, and Africa, solving water shortages. The name of this company is Hyflux. It trades on the Singapore stock exchange under the ticker number 600.

I had just had a meeting with senior management. The CFO told me his company was on course to make 300 million Singapore dollars (SG$) in earnings over the next five years. He told me his order book is so full, the company is turning business away.

The only problem was, I wasn't the only person who had figured out what a great company Hyflux was. The stock price – at around SG$2.75 – implied the company was worth more than SG$1 billion. I would never spend $1 billion to get $300 million in earnings over five years, even on this superb company.

"If only this stock was 50% cheaper..." I thought to myself as I left the company, feeling a little deflated. "Maybe someday..."

Now... after stocks have experienced one of the worst crashes in history, Hyflux is 35% cheaper than it was during my visit. It's amazing it's not down more. International stock markets have been destroyed. Ireland fell 80% during the crash. Russia fell 79%, China fell 74%, Brazil fell 72%, India fell 71%, and Korea was down 70%. In all, 43 stock markets have suffered even greater declines than the U.S. market, and only three did better (Switzerland, Israel, and Jordan).

These stupendous declines tell me we're now living in a different world. This isn't just a standard bull-market correction like the crash of 1987. This is something bigger. Like a child who touched a hot stove, investors won't make the same mistake twice. I see a return to thrift and caution all over the world. Saving trumps speculation. Prudence trumps risk. And unfortunately, with this sentiment, it's going to be a long time before emerging-market stocks embark on a new bull market.

For example, even though Hyflux's stock has fallen in value, I'm still not willing to consider it. In this new world, no one's going to embark on the ambitious projects Hyflux is known for.

In light of all this, I'm making cash the focus of my portfolio. Let me explain...

First, the crisis we're heading into will have strong deflationary forces. Deflationary means prices fall. I expect we'll see a wave of bankruptcies, defaults, forced selling, and unemployment. Cash will be the most valuable asset around. It already buys double the real estate, the stock, and the natural resources it bought six months ago.

I expect cash will be even more powerful in the years to come. I want to own Swiss francs, New Zealand dollars, and U.S. dollars. I also want a large position in physical gold. Gold is also cash. At a minimum, make sure you own a couple ounces of gold and enough dollars to cover several months of living expenses.

I'll also be buying safe stocks that generate lots of cash. I'll look to buy a stock like McDonald's or Wal-Mart instead of something like Ruth's Chris or Saks. I'll buy companies with long records of raising dividends and companies with high dividend yields. Dividends act like ballast in a bear market. They prevent stocks from falling too far. Dividends also attract safety-conscious investors... and investors looking for income to supplement their day-to-day standard of living. I believe cash-producing stocks may be the next darlings of the market.

The crisis will also have strong inflationary force, as governments furiously pump in cash to revive the economy. These inflationary pressures could generate some spectacular "ripples" in the market. In a few years, we could see the rate of inflation get much higher.

I'm personally excited about the coming few years. What most investors don't know is these kinds of situations produce much bigger investment and speculative opportunities than a "Goldilocks" situation. They produce opportunities to buy a dollar's worth of assets for 30 cents.

[iam802]

I expect cash will be even more powerful in the years to come. I want to own [b]Swiss francs, New Zealand dollars, and U.S. dollars. I also want a large position in physical gold.

I'm curious. Why is he choosing New Zealand dollars among so many others?

[kennynah]

at first, when i saw 802's post above...i tot winston said he wanted to ownSwiss francs, New Zealand dollars, and U.S. dollars. I also want a large position in physical gold....hahaha

i was surprised ...then i discovered...that this was a quote from another writer...

in fact, i dun wana own any of his suggested assets

[winston]

Hyflux Set to Benefit From China's Stimulus Package, Ong Says

By Jake Lloyd-Smith and Susan Li

Nov. 11 (Bloomberg) -- Hyflux Ltd., a water-treatment company that gets about 90 percent of sales from government contracts, expects to gain from China's 4 trillion yuan ($586 billion) stimulus plan.

``The stimulus package is going to help to unblock the current projects that is stalled and create new ones,'' Deputy Chief Executive Officer Sam Ong said today in an interview. ``Hyflux, in the area of water, will benefit.''

China's stimulus package, announced on Nov. 9, targets rural infrastructure, railways, power grids, and social welfare to raise incomes and boost growth in the world's fourth-largest economy. Singapore-based Hyflux builds water-treatment plants in provincial Chinese cities as well as the Middle East.

About ``90 percent of our revenue comes from the government and half of that comes from China,'' Ong told Bloomberg Television. ``We believe the stimulus plan is going to help in the area of water infrastructure development.''

Hyflux added as much as 5.5 percent to S$2.10, the highest intraday price since Oct. 7, extending an 8.2 percent climb yesterday as Asian equities and commodity prices rallied after the spending plan was unveiled. The shares were 3 percent higher at S$2.05 at 11:52 a.m. in Singapore, while the Straits Times Index declined 1.4 percent at the same time.

[helios]

Sam Ong Says Hyflux Will Benefit From China's Stimulus Plan November 11 (Bloomberg) -

Source: http://www.bloomberg.com/tvradio/ceo.html