HYFLUX - Undervalued Gem Near Record Low Price

Congrats Zen on Hyflux and Midas. What else can fly?

Bagged huge desalination project in India with Japanese partners. Home grown company making an impact in the global market.
  info.sgx.com/webcoranncatth.nsf/VwAttach...2012.pdf?openelement    

suggest accumulate wilmar now
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[viviene 04-01-2012]:
Congrats Zen on Hyflux and Midas. What else can fly?

Interesting to see that Hyflux had bought back 2.7 m shares just 6 months ago. I am amazed to see today's announcement that it has cumulatively bought back 27.5 million shares already!

At over $1 a share, Hyflux has paid something like S$30 million in hard cash to buy its own shares. Anyone can understand the rationale?
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[abb 17-12-2011]:

Half price! Hyflux closed at $1.07 --- about 50% lower compared to the start of 2011. Would have been worse if not for their share buyback, totalling  2.7 m shares. It's not small change, as it amounts to nearly S$3 million. Will it continue to support the stock price?