HYFLUX

HYFLUX - 14th April 2016

 Hyflux is a global leader in sustainable solutions, focusing on the areas of water and energy. Headquartered and listed in Singapore, the Group has operations and projects in Southeast Asia, China, India, the Middle East, Africa and the Americas. Hyflux is committed to providing costeffective and innovative solutions that contribute to resource optimisation and sustainable growth for communities and industries. A specialist in water treatment, Hyflux is distinctive in its ability to address the challenges at every point of the entire water value chain. The Group’s track record includes Singapore’s first water recycling plant and some of the world’s largest seawater reverse osmosis desalination plants in Algeria, China and Singapore.

HYFLUX REPORTS NET PROFIT OF S$41.3 MILLION IN 2015

 Construction underway for Qurayyat IWP

 Entry into waste-to-energy market with TuasOne WTE plant

 Develop consumer segment with ELO Water and PT Oasis

Singapore, 18 February 2016 – Hyflux Ltd (or the Group) reported profit after tax and minority interests (PATMI) of S$41.3 million for the full year ended 31 December 2015, 28% decrease from S$57.5 million PATMI recorded in 2014. The lower PATMI was due mainly to lower level of divestment activities in 2015 compared with 2014.

 Group revenue increased by 39% to S$445.2 million in 2015, compared with S$321.4 million in 2014, contributed mainly by the Qurayyat Independent Water Project (IWP) in the Sultanate of Oman. The municipal projects continued to be the main contributor of the Group’s revenue, accounting for about 94% or S$419.1 million of the Group’s revenue. Singapore and China continued to remain as Hyflux’s key markets in Asia, accounting for more than half of the Group’s total revenue, contributing about 38% and 20% respectively. Revenue contributions from the Middle East and North Africa region rose to 39% or S$176.0 million from 7% in 2014, due to contributions from the Qurayyat IWP and a containerised desalination system project to augment the existing Yanbu Desalination Plant in Saudi Arabia.

The Group’s cash position was S$313.7 million and the net gearing ratio at 0.85 times as at 31 December 2015.

The Board of Directors has proposed a final dividend of 1.00 Singapore cent per ordinary share. Together with an interim dividend of 0.70 Singapore cents per ordinary share paid in August 2015, this brings the total dividend for the year to 1.70 Singapore cents per ordinary share.

(http://infopub.sgx.com/FileOpen/Hyflux_FY2015Result_PressRelease.ashx?App=Announcement&FileID=390007)

Outlook for the year 

The 411 MW combined cycle gas turbine power plant co-located with Tuaspring desalination plant has been connected to the national power grid since August 2015.

The Group has started selling electricity to the grid. In the near term, the electricity market in Singapore is expected to be challenging due to the current market landscape.

Revenue contribution from MENA is expected to increase with the on-going construction of the Qurayyat IWP in Oman and the new desalination projects in Saudi Arabia.

New contract secure:

Singapore, 12 April 2016 – Hyflux Ltd (Hyflux or The Group) is pleased to announce that it has received the formal Letter of Award for the Ain Sokhna Integrated Water and Power Project in Egypt by the General Authority for the Suez Canal Economic Zone (SCZone), following the receipt of the letter of intent announced earlier this month. The value of the EPC contract is US$500 million.

The project marks Hyflux’s entry into the Egyptian market and will be the Group’s first integrated water and power project abroad. Under the letter of award, Hyflux will be the engineering, procurement and construction contractor as well as the operations and maintenance service provider over the 25-year concession period. The desalination plant is designed to produce 150,000 cubic metres of water per day. An on-site 457 MW combined cycle gas turbine power plant will be constructed to generate power and supply electricity to the desalination plant, and excess power will be dispatched to the grid.


Recent Share Buy Back : Bought back share prices between 60 to 90 cents.
For actual details please check it out from www.sgx.com/company announcement

Hyflux from TA point of view it seems to be gaining strength to continue to trend higher after hitting the low of 47 cents on 12 Feb 2016. Today closing at 63 cents couple with high volume is generally rather positive.

Both MACD & RSI are showing sign of positive divergence which may provide further catalyst that the share price may continue to head higher.

Short term wise it may continue to trend higher to re-visit 66 cents.
Crossing over of 66 cents with ease that may drive the share price higher towards 71.5 cents  with extension to 83 cents.

(trade base on your own decision)