Singapore Stock Market News

Hyflux - Asset sales offset weak results

StockFanatic
Publish date: Fri, 09 May 2014, 10:53 AM
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• 1Q14 profit boosted by S$54m divestment gains; operations still weak

• Orderbook declined to S$651m but big bidding pipeline and asset recycling provide upside

• FY14F raised to reflect divestment gains offset by delayed recognition of Dahej

Maintain Hold, SOTP fair value raised to S$1.23
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