HYFLUX - Undervalued Gem Near Record Low Price

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12 years 4 months ago #7879 by Val
Congrats Zen on Hyflux and Midas. What else can fly?

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12 years 1 month ago #8591 by relaxing
Replied by relaxing on topic Re:HYFLUX
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    

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12 years 1 month ago #8594 by ZEN
suggest accumulate wilmar now
[hr]
[viviene 04-01-2012]:
Congrats Zen on Hyflux and Midas. What else can fly?

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  • Norton
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11 years 10 months ago #9536 by Norton
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? 
 

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