Singapore Stock Market News

Hyflux Ltd - Waiting for catalysts

StockFanatic
Publish date: Fri, 12 Sep 2014, 10:00 AM
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Initiate with HOLD. TP at SGD1.07, 25x FY16E P/E, comparable to closest peer, United Envirotech. For sector exposure, we recommend HanKore and SIIC.

■ Long-term bullish on Hyflux's membrane-based desalination. Medium-term earnings weakness.

■ Catalysts are renewed order-win momentum and big-scale asset recycling.
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