Singapore Stock Market News

Hyflux - Misses estimates and guides low

StockFanatic
Publish date: Fri, 07 Nov 2014, 01:42 PM
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■ 3Q14 the first profitable quarter this year in terms of core earnings, but fell short of our estimate

■ Slower quarters ahead given delays in Tuas grid power connection and slow progress in India; this leads us to widen operating losses in FY14F and expect breakeven in FY15F

Maintain HOLD, TP cut to S$1.10
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