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Hyflux Ltd (HYFL.SI)

HYFL.SI on Stock Exchange of Singapore

0.56SGD
25 May 2017
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Latest Key Developments (Source: Significant Developments)

Hyflux Ltd provides update on increase in share capital of unit on Qurayyat Independent Water Project
Monday, 3 Apr 2017 05:08am EDT 

Hyflux Ltd : Qurayyat desalination saoc has increased its share capital as part of its project financing requirements in relation to qurayyat independent water project . Injection is not expected to have any material effect on consolidated eps of group for financial year ending 31 dec 2017 . Following injection of omr8.5 million by hyflux utility (oman) pte ltd, group's investment in qurayyat was increased from omr1.3 million to omr9.7 million .Qurayyat desalination increased share capital from omr1.5mln to omr11.5 million through issue of about 10 million shares at omr1 per share for cash.  Full Article

Hyflux to develop three desalination plants in Saudi Arabia
Friday, 24 Feb 2017 04:57am EST 

: Pdf 1: Hyflux Ltd (Hyflux Received Letter Of Award To Develop Three Desalination Plants In The Kingdom Of Saudi Arabia) .Projects are expected to have a material financial impact to group for financial year ending 31 December 2017.  Full Article

Hyflux says FY PATMI declined 91pct to S$4.8 million
Thursday, 23 Feb 2017 04:20am EST 

Hyflux Ltd : PATMI for full year ended 31 december 2016 declined 91% to s$4.8 million . Reported revenue of S$987.0 million in 2016, compared with s$445.2 million in 2015 . Board of directors has proposed a final dividend of 0.25 singapore cents per ordinary share . "2017 is expected to be another challenging year" ."Will be seeking partial divestment of Tuaspring plant".  Full Article

Hyflux Ltd signs MOU with Saline Water Conversion Corporation
Monday, 13 Feb 2017 04:05am EST 

Hyflux Ltd : Signs MOU to develop three desalination plants in the kingdom Of Saudi Arabia . Desalination plants, valued at a combined estimate of SAR 687 million . Signed a memorandum of understanding with state-owned Saline Water Conversion Corporation .Projects are expected to have a material financial impact on HYFLUX pending finalisation of contracts.  Full Article

Hyflux Ltd updates on investments in advanced manufacturing, expansion of Elo business line
Monday, 6 Feb 2017 11:04pm EST 

Hyflux Ltd : Significant Investments In Advanced Mfg, Tech Commercialisation & Expansion Of New Elo Biz Line . Hyflux invested over s$30 million in a new fully-integrated and automated steel structure fabrication processing line at its tuas manufacturing plant . "Investment in robotics and automation will enhance operational productivity by about 25 per cent" . Hyflux is launching its flagship Elo Lab in Central Singapore .Signed a memorandum of understanding with Nanyang Technological University's (Ntu Singapore) Nanyang Environment and Water Research Institute.  Full Article

Hyflux says General Authority for Suez Canal Economic Zone requests change in contract awarded
Monday, 9 Jan 2017 04:51am EST 

Hyflux Ltd : General Authority for Suez Canal Economic Zone requested co to develop Ain Sokhna Iwpp under BOT/BOO structure instead of initial EPC contract awarded .Change in contract not expected to have a material financial impact on hyflux for financial year ending 31 december 2017.  Full Article

Hyflux says group remains cautious on business outlook in near term
Thursday, 3 Nov 2016 05:29am EDT 

Hyflux Ltd : "Group remains cautious on business outlook in near term" . Power market in Singapore continues to face strong headwinds . Elo new consumer line of business is not expected to contribute to group's financial performance in 2016 . Remains optimistic about potential of ELO consumer business and plans to expand ELO business beyond Singapore in near future .Profits generated from higher construction activities in 2016 would be offset by weak Singapore power market and electricity prices in near-term.  Full Article

Singapore exchange issues query regarding trading activity to Hyflux Ltd
Thursday, 18 Aug 2016 11:39pm EDT 

Hyflux Ltd : Query regarding trading activity) . Singapore exchange issues query regarding trading activity to Hyflux Ltd .  Full Article

Hyflux says unit to divest HU WWT-YKG's entire equity interest in Nantong WWTP
Monday, 6 Jun 2016 08:40am EDT 

Hyflux Ltd : Divestment of Hyflux newspring (nantong) wwtp) . Deal for approximately RMB 52 million . Transaction will not have material financial impact to the group for the year ending 31 December 2016 . Unit Hyflux utility wwt entered into an agreement to divest hu wwt-ykg's entire equity interest in its unit Hyflux newspring (nantong) wwtp co . Agreement to divest equity interest in unit to Jiangsu yangkou port holding co., ltd .  Full Article

Hyflux reports Profit after tax and minority interests (PATMI) of S$7.3 mln
Thursday, 12 May 2016 05:18am EDT 

Hyflux Ltd : First quarter results . Profit after tax and minority interests (PATMI) of S$7.3 million for the three months ended 31 March 2016, up 30% . Group revenue for Q1 2016 rose to s$248.3 million from s$60.4 million in Q1 2015 . If the current challenging market landscape of low electricity prices continues, the power plant is expected to incur losses . Remain cautious on the market due to the short-term challenges arising from depressed oil prices and slower economic growth . Says we will continue to pursue projects in the Middle East, Africa, Americas and parts of Asia .  Full Article

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