Below is an extra ticket from it's CEO teport for your reference:
Despite the near-term challenges in the Singapore power market, Tuaspring IWPP is still a world-class project with a 25-year service concession up to 2038. The largest asset on our balance sheet, Tuaspring IWPP was funded through a mix of project financing and corporate f inancing, including the 6% Cumulative Perpetual Class A Preference Shares (Preference Shares) which is due for f irst call date redemption in April 2018. While the process has taken longer than initially expected, we remain committed to the partial divestment of Tuaspring IWPP at an acceptable price. In light of the delay in divestment, the Group is unlikely to complete anydivestment deal ahead of the first call date in April 2018 for redemption of its Preference Shares. Consequently, it is likely that redemption of the Preference Shares will be deferred until divestment of Tuaspring IWPP is concluded, with the coupon yield for the Preference Shares stepping up from 6% to 8% in the meantime, at an additional S$8.0 million per annum. At the end of 2017, the Group has a total cash balance of S$314.2 million, excluding another S$77.2 million of cash reported under Assets held for sale. In addition, we will be able to progressively draw down on unutilised committed project finance loans of approximately S$400 million to support completion of our ongoing projects. We are also due to collect some receivables for our EPC work done in the Middle East North Africa (MENA) region.
Opportunities in the Water Business Some 1.1 billion people worldwide lack access to water, and a total of 2.7 billion find water scarce for at least one month of the year according to World Wildlife Fund (WWF organisation). Inadequate sanitation is also a problem for 2.4 billion people, who are exposed to diseases such as cholera, typhoid and other water-borne illnesses. Two million people, mostly children, die each year from diarrheal diseases alone. The situation will only get worse. With pollution, climate change and population growth, two-thirds of the world’s population may face water shortages by 2025. Hyflux’s vision has always been to make clean water accessible and affordable to Besides gaining stronger foothold in Singapore, the Group has also expanded our ELO business line into Australia, China, Hong Kong, Malaysia and will be looking at South Korea and Taiwan next. all. As one of the few water companies with a proven track record in seawater desalination, we hope to leverage our strength in water treatment solutions to address the global water shortages. Global Water Intelligence reported in 2017 that the MENA region will remain the largest desalination market in the world due to severe water scarcity. This region has been a strategic priority for Hyflux, and through the years, we have worked hard to establish a strong track record. Apart from water projects in Algeria, Oman and Saudi Arabia, Hyflux will continue to actively pursue other projects in the region. Contract negotiations for the Ain Sokhna IWPP in Egypt, which is converting from an EPC structure to a Build, Operate and
Transfer (BOT) structure, is in progress. Strengthening our track record in landmark projects Over the years, Hyflux has built an impressive track record of landmark projects in its target markets. In an industry where track record is the key to pre-qualification for municipal project ue to work hard on adding good projects to our portfolio. Tuaspring IWPP is a significant technological achievement for the Group despite the short term challenges in the Singapore power market. As the Group’s first integrated water and power project, Tuaspring IWPP is a world-class asset with stateof-the-art technology, paving the way for new integrated water and power project wins such as the Ain Sokhna IWPP in Egypt.
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementToday&F=K6YDRYU22LX6ZRCO&H=22898d632a538aebe158699492a1884dffc4c9fdcbfefc9325de9cce7e9206ec
Today market reacted positively with a beautiful white soldier as appear on the chart . A long wide thrust bar couple with high volume this is rather positive and bullish !
The price has crossed the 20, 50 & 100 days Moving Average. This is rather impressive and may likely continue to trend higher.
Short term wise, I think it may move up to test 35 cents then 40 cents which is also coincide with it's 200 days MOviMo Average.
Not a call to buy or sell.
Please do your own due diligence.
Trade/invest base on your own decision .
The company has reported the Loss for FY 2017 .For past 4 years , from 2013 to 2016 they are profitable.
Please take note that their debt/equity ratio is very high.
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