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Tomorrow can Short Hyflux. If market permits.
Entry: $1.385
Stop-Loss: $1.475
More on my Blog at Alex Trades.
Good luck.
thIs bUsIness sectOr
eArns
peAnUt mArgIns
Price seems attractive but seems like it is moving on a down trend. Pharoah what's your view on this counter?
pharoah88 ( Date: 27-Sep-2011 10:02) Posted:
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Hyflux: Paring fair value to S$1.81 – Maintain BUY
Summary:
Summary:
Since reporting a slightly muted set of 1H11 results in early Aug, Hyflux Ltd’s share price has taken quite a tumble, falling some 23% to hit a low of S$1.50 yesterday, effectively pricing it at 13.6x forward PER.
We believe that the sell-down over the past few weeks has been slightly overdone.
Although Hyflux saw its forward PER drop to around 10x during the global financial crisis, we note that the situation is slightly different now.
For one, the company’s order book has improved significantly since then.
Secondly, the demand for clean, potable water is likely to increase in China and MENA, raising the need for more water treatment and desalination facilities.
Hence even in a downturn, we believe that the water industry should continue to be quite resilient, given that clean water is an essential commodity.
That said, due to the lower overall market, we still see the need to pare our valuation peg from 22.5x to 18x (-0.5 SD from mean) blended FY11/FY12F EPS, bringing our fair value lower from S$2.26 to S$1.81. Maintain BUY. (Carey Wong)
For more information on the above, visit www.ocbcresearch.comfor the detailed report.
For more information on the above, visit www.ocbcresearch.comfor the detailed report.
Hyflux: Paring fair value to S$1.81 – Maintain BUY
Summary: Since reporting a slightly muted set of 1H11 results in early Aug, Hyflux Ltd’s share price has taken quite a tumble, falling some 23% to hit a low of S$1.50 yesterday, effectively pricing it at 13.6x forward PER. We believe that the sell-down over the past few weeks has been slightly overdone. Although Hyflux saw its forward PER drop to around 10x during the global financial crisis, we note that the situation is slightly different now. For one, the company’s order book has improved significantly since then. Secondly, the demand for clean, potable water is likely to increase in China and MENA, raising the need for more water treatment and desalination facilities. Hence even in a downturn, we believe that the water industry should continue to be quite resilient, given that clean water is an essential commodity. That said, due to the lower overall market, we still see the need to pare our valuation peg from 22.5x to 18x (-0.5 SD from mean) blended FY11/FY12F EPS, bringing our fair value lower from S$2.26 to S$1.81. Maintain BUY. (Carey Wong)
For more information on the above, visit www.ocbcresearch.comfor the detailed report.
Our pivot point stands at 1.92.
Our preference: the downside prevails as long as 1.92 is resistance.
Alternative scenario: the upside breakout of 1.92 would call for 2.01 and2.06.
Comment: the RSI is below 30. It could either mean that the stock is in alasting downtrend or just oversold and therefore bound to retrace (look forbullish divergence in this case). The MACD is negative and below its signalline. The configuration is negative. Moreover, the stock is trading under bothits 20 and 50 day MA (standing respectively at 1.92 and 1.98).
Supports and resistances: 2.01 *1.92 **1.89 1.83 last 1.73 1.68 **1.63 *
Short Hyflux also.
Stop-Loss at $1.860.
T.P. is $1.375.
seow liao
DOW down more than 240 points after 2359 on 5 Aug 2011.........
Hyflux had come down to fill the gap at $1.88 finally .
Bintang ( Date: 15-Mar-2011 12:15) Posted:
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Hyflux: Buy but with lower S$2.26 fair value
Summary:
Summary:
Hyflux Ltd reported 2Q11 revenue falling 20.9% YoY to S$111.1m, though up 28.0% QoQ.
Net profit tumbled 46.7% YoY to S$14.5m although it was up 96.8% from its seasonally weaker 1Q11. 1H11 revenue fell 18% to S$197.9m, and only met 30.6% of our FY11 forecast.
Net profit, which fell 35% to S$21.9m, made up just 23.4% of our full-year estimate. Hyflux has proposed to pay out an interim dividend of S$0.0067/share, unchanged from 1H10.
To reflect the muted 1H11 showing and expected delay following the fire at its Magtaa desalination project, we see the need to pare our FY11 revenue estimate by 8.0% and earnings by 15% (FY12F by 8.1% and 14.4% as well).
This in turn lowers our fair value from S$2.41 to S$2.26. But as we remain positive on the waste-water sector, and believe that Hyflux offers the best proxy to ride on sector, we maintain our BUY rating. (Carey Wong)
Water Management is lOw tEch bUsIness
whIch bIg cOrps are UNinterested
becAUse Of dIre mArgIn ? ? ? ?
3 CENTS DROPPED IS BECAUSE FIRE AT WAREHOUSE OF SEAWATER DESALINATION PLANT OF 500,000M³/DAY AT MAGTAA, WILAYA OF ORAN, WESTERN ALGERIA. For more info, please check the link below: -
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/8099CC88743DD09B482578DB002C541D?opendocument
Oops ..... with DJIA downed another 100 points on last Friday (29 Jul), it will ugly on next Monday.
- http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/8099CC88743DD09B482578DB002C541D?opendocument
what happen to this counter? dropped 3 cents this morning (29 Jul)
Kim Eng Report
http://kfc1973-stock.blogspot.com/2011/07/hyflux-still-oasis-of-opportunities-ke.html
Kim Eng Securities has raised its target price for Singapore's wastewater treatment firm Hyflux
STATEMENT: Kim Eng has increased its earnings estimates for Hyflux in 2011 and 2012 by 6-10 percent as it expects its S$890 million ($729 million) plant in Singapore, Tuas SingSpring, to start contributing to its earnings this year.
Hyflux's ultra-filtration membrane, Kristal, is currently the top seller in the world and is used in about 40 percent of water desalination globally, Kim Eng said. The brokerage also added that Hyflux is taking steps to achieve new technological developments and applications in order to combat becoming obsolete and other lower-cost producers.
At 0148 GMT, Hyflux shares were unchanged at S$2.09 but have fallen 9.91 percent since the start of the year. ($1 = 1.221 Singapore Dollars)
Hyflux Ltd together with PUB, the national water agency of Singapore, marked the ground-breaking for the country’s second and largest seawater reverse osmosis.
http://sgsharemarket.com/home/2011/07/singapore-company-highlights-06072011/?=Hyflux
Hyflux Ltd is pleased to announce that its wholly-owned subsidiary, Tuaspring Pte Ltd, has secured financing of S$150 million to fund the desalination facility of the Tuaspring Desalination Plant.
http://sgsharemarket.com/home/2011/07/singapore-company-highlights-05072011/?=Hyflux
Our pivot point stands at 2.04.
Our preference: the downside prevails as long as 2.04 is resistance.
Alternative scenario: the upside breakout of 2.04 would call for 2.09 and2.11.
Comment: the RSI is below 50. The MACD is negative and below its signal line.The configuration is negative.
Moreover, the stock is trading under both its20 and 50 day MA (standing respectively at 2.02 and 2.08).
Supports and resistances: 2.09 *2.04 **2.02 1.98 last 1.92 1.89 **1.87 *