Hyflux Problems

Hyflux is running into problems because they invested in energy markets, over invested, and they now have serious cashflow problems because not only do they have to bear the investment cost, they also have to use their cash to pay the borrowing costs from building the plant. I am unable to find any disclosed information on Hyflux website or corporate announcements that Tuaspring was required by PUB to treat any other capacity. It also alleged Hyflux was late in disclosing problems in the business, and that the group has been reviewing the allocation of working-capital needs of Hyflux following recent revelation of. But problems started to snowball when Hyflux decided to take on the Tuaspring Deslination project from PUB in 2011. If the funds are doing poorly and there are (gasp) cashflow problems, you might not be able to get your principal back at this point. The first thing we note about Hyflux is its patchy revenue trend. It added in a media statement on Wednesday (17 April) that the termination notice. Hyflux has also decided not to pay S$14. We cover: The key takeaways and learning points of Hyflux; How to think about fixed income issues. "The Government should buy over Hyflux, a key local company with strategic water treatment technology, and appoint a foreign "Jedi Master" who can help it compete globally. Hyflux refuted SM Investments’ comments in a stock exchange filing on Saturday, saying it didn’t withhold material information. In the letter to Business Times about Hyflux, reader Leong Mun Wai suggested Hyflux's financial problems were caused by "an unexpected domestic policy change". No one from DBS Vickers Online will ever ask you for your password(s), whether at Kiosks, by phone, by e-mail, by written request or by any other means. annual balance sheet by MarketWatch. Had the Tuaspring results been excluded, Hyflux would have posted a profit of $23. It will provide an easy way to make alkaline filtered water for your everyday or occasional needs, such as next to the coffee maker o. Hyflux has been the talk of the town lately due to its cash flow problems which triggered a restructuring process. ” In fact, as her competitors fought to keep their businesses, she listed Hyflux at the start of 2001. Includes all sales and other increases in owner's equity. TROUBLED Singapore water treatment firm Hyflux has been rescued by a S$530m (US$384m) investment by an industrial consortium formed by the Salim and Medco groups. 7m and distributions to perp holders of S$62. It is unlikely to have fund houses buying large quantities as it has no credit rating and fund managers cannot overide the mandate of having non investment grade preference shares/bonds in their portfolios. With stories about how retirees placed their entire life savings in Hyflux perpetuals only to watch it go up in smoke, it’s hard to miss this one. I can understand if one invested a lot into Hyflux pref share and finding all kind of ways to get back their money. HYFLUX SAGA. On 14 April 2003, Hyflux was promoted to the SGX mainboard, having met all requirements for a mainboard. Hyflux moved in and soon won a contract to build a water desalination plant in Algeria, the biggest in the world. Amdocs leading software, services provider to communications and media companies, providing innovative solutions, intelligent operations and delivery expertise. [citation needed. In the last crisis, Hyflux touched a low of $1. Hyflux is issuing $300mil perpetual at 6% which will be increased to $500mil if it is oversubscribed. Hyflux is a leader in the seawater desalination industry, ranking among the top ten industry players consistently according to Global Water Intelligence 2017. if hyflux can solve the tuaspring problem , they have a good chance to pull through. The latest extension was announced last week and came courtesy of the Singapore Exchange (SGX), which has granted Hyflux more time to report its. Search the world's information, including webpages, images, videos and more. Hyflux Strategy Hyfluxs vision is to be a world leading water treatment company. UAE-based utilities firm Utico has expressed concern on what it perceives as Hyflux's "delaying ploy" after the embattled water treatment firm made an announcement about six other potential investors and legal-related. Or Hyflux raised equity or debt to fund itself. paid its bond due on April 18 but its parent's problems have cast a shadow. In Hyflux Ltd. Bloomberg quotes Lawrence Loh, director of Centre for Governance, Institutions and. Whois is a protocol that is access to registering information. I've put together a case study trying to distil what I think are the key learning points from Hyflux. Hyflux's woes stemmed solely because they took on TS a Govt Public‐Private‐Partnership(PPP) Project. This would usually not be a direct problem of the company, but the CEO in this case had pledged his own shares in Sino Environment as collateral for the personal loan. In a Scheme of Arrangement, the ailing company is given a chance to kill its debt and carry on its business. But the longer it drags, the more equity gets eroded, they may become insolvent one day. Term Box: Best Hyflux Ltd forecast, HYFXF stock price prediction, HYFXF forecast, Hyflux Ltd finance tips, HYFXF prediction, Hyflux Ltd analyst report, HYFXF stock price predictions 2019, Hyflux Ltd stock forecast, HYFXF forecast tomorrow, Hyflux Ltd technical analysis, HYFXF stock future price, Hyflux Ltd projections, Hyflux Ltd market prognosis, HYFXF expected stock price. We cover: The key takeaways and learning points of Hyflux; How to think about fixed income issues. The pace of work is fast here and I have people say that after working at Hyflux for three months, it feels like three years. com has ranked N/A in N/A and 7,191,184 on the world. This did not offer any comfort because my investment in Hyflux lost 60 cents to a dollar. Water supply and sanitation in Singapore is characterised by a number of achievements in the challenging environment of a densely populated island. All of Hyflux's technological solutions are aimed at making a positive impact on the environment and the community. Hyflux refuted SM Investments' comments in a stock exchange filing on Saturday, saying it didn't withhold material information. See the breakdown of the votes in. Hyflux, Singapore’s largest water treatment company by market value, has closed a S$175 million US$140 million perpetual bond, the first Singapore dollar-denominated perpetual in more than three months and the company’s second this year. She is best known for being the founder, group chief executive officer, and president of the Singapore-based Hyflux Group. Access to water is universal, affordable, efficient and of high quality. But the longer it drags, the more equity gets eroded, they may become insolvent one day. the problems. This extension was rescinded after Hyflux failed to get approval for the scheme of arrangement. Hyflux - Sustainable Solutions That Transform Lives. " The project will address this problem with a combined effort of satellite remote sensing and data collection at proven sites in the Gulf of Mexico. " In fact, as her competitors fought to keep their businesses, she listed Hyflux at the start of 2001. 6 million people that is trying to become less reliant on neighbouring Malaysia for water. We are looking at Hyflux even though Singapore and China are still poor value markets because this company is engaged in solving big problems (purifying water) in two big areas (China and the Middle. He says the company funded growth with debt, and their business plan appears to have faltered. On 14 April 2003, Hyflux was promoted to the SGX mainboard, having met all requirements for a mainboard. Embattled water treatment firm Hyflux has disputed the reasoning from its white knight investor to excuse itself from the proposed S$530 million investment which is expected to save the company from its problems. Repair your Insinkerator Hot Water Dispenser for less. After Hyflux's collapse, Singapore debt buyers scrutinising other firms. I've been talking shit about Hyflux since forever, nicely summarized in this post, where I am *completely shocked* about what happened to them. Hyflux is running into problems because they invested in energy markets, over invested, and they now have serious cashflow problems because not only do they have to bear the investment cost, they also have to use their cash to pay the borrowing costs from building the plant. Designed to deliver the convenience and efficiency of small water treatment system to end users, Hyflux’s Standard Membrane Systems (SMS) are capable of treating water from a wide range of sources for various applications by industries and small communities. It is a far cry from 37K so called mom and pop investors. If that is the case, Hyflux's balance sheet may be burdened with even more debt should it secure the new projects. In line with continuously weak prices in the Singapore electricity market, the Tuaspring Integrated Water and Power Project, which has been classified as a held for sale asset, continued to register losses of $26. Introducing the Five Successful Leaders from Singapore. The Public Utilities Board on Wed issued a takeover notice to Tuaspring to take over the latter’s desalination plant. Hyflux has an energetic culture that is rooted in entrepreneurship. With stories about how retirees placed their entire life savings in Hyflux perpetuals only to watch it go up in smoke, it’s hard to miss this one. 9 million ($11. While a bit obvious, if a lemonade company has sold 30 million. Perhaps the outcome as far as the performance of the company would have been better if Hyflux had developed or adopted more efficient technology. I go the whole nine yards just to shit on them. "Singaporeans get the government they deserve, so I don't want to hear any complaints. Do not share or reveal your passwords to anyone. Hyflux refuted SM Investments' comments in a stock exchange filing on Saturday, saying it didn't withhold material information. Interviewer was friendly and provided a good explanation of the job scope. Hyflux posted a loss in H1-FY2017 due to losses from Tuaspring facility. 0% annual “dividend. com About Hyflux Delivering sustainable solutions for a better tomorrow As a global leader in sustainable solutions, focusing on the areas of water and energy, Hyflux is committed to providing cost-effective and innovative solutions that contribute to resource optimisation and sustainable growth for communities and industries. Some told me that Hyflux would be safer as E-pure was an S-chip. The first thing we note about Hyflux is its patchy revenue trend. The Bonds and Preferreds. 1 m of cash in its operating activities (FY16: S$272. SINGAPORE — The woes of water-treatment company Hyflux, once a market darling and much-vaunted trailblazer in Singapore's entrepreneurial space, have been festering for some time, market watchers and corporate governance experts said on Wednesday (May 23). The process took 1 day. Hyflux Ltd had released its full-year results for 2015 yesterday evening. Government Should Bail Out Hyflux And Don't Put All Your Eggs Into One Basket It was poignant to read from the news that there was a retail investor who risk losing a certain portion of his S$250K of capital investment into Hyflux bond. If we want to go back to history to see if we would get invested or not get invested in these hybrid bonds, we have to take note of when they are issue and the financials during the period. Tan Kin Lian was the main sponsor of this event organised by an investor by the name of Alex. Lippincott Williams & Wilkins (LWW) - an imprint of Wolters Kluwer - publishes scientific, technical, and medical content such as textbooks, reference works, and over 275 scientific journals. 9 million ($11. SINGAPORE — The woes of water-treatment company Hyflux, once a market darling and much-vaunted trailblazer in Singapore's entrepreneurial space, have been festering for some time, market watchers and corporate governance experts said on Wednesday (May 23). To access full PFIe. Hyflux: Strategy and Technology 2691 Words Apr 15, 2013 11 Pages Technology Strategy of a Firm Case Study: Hyflux Company Profile Founded in 1989 by CEO, Ms. After Hyflux's collapse, Singapore debt buyers scrutinising other firms. In my view, Hyflux's troubles should stem from crisis of confidence among its bank creditors. The main headquarter of this company is located in Singapore. com story content you must be a subscriber. Hyflux’s woes stemmed solely because they took on TS a Govt Public‐Private‐Partnership(PPP) Project. Would claim that its the best as I've tried 2 other brands before. EMA also said it was incorrect for Mr Leong to claim that Hyflux's financial problems were caused by "an unexpected domestic policy change". A shareholder voiced his concerns about DBS's role in the Hyflux perpetual bond default. And preference shares are shares (“You die, yr problem”) while the Perpetual Securities could according to Chris K be mistaken for bonds, hence the warnings. Hyflux FerroCep stainless steel tubular membrane is your membrane of choice when handling difficult industrial streams with high viscosity and solid contents under extreme conditions. Anyway, is this a cashflow problem for Hyflux that is temporary and just needs time to heal or a structural one where Hyflux should just be allowed to fail. With stories about how retirees placed their entire life savings in Hyflux perpetuals only to watch it go up in smoke, it’s hard to miss this one. This explains another major reason why Hyflux has been having some problems related to electricity prices. “Hyflux understands the frustration and regrets the dissatisfaction that has caused some stakeholders to protest," the company said in reply to a request for comment. Embattled water treatment company Hyflux has been saved by Indonesia's Salim Group and Medco Group. "Before Hyflux got listed, we concentrated on building up a good track record," she says. UAE-based utilities firm Utico has expressed concern on what it perceives as Hyflux's "delaying ploy" after the embattled water treatment firm made an announcement about six other potential investors and legal-related. Introducing the Five Successful Leaders from Singapore. Hyflux's Tuaspring plant is the largest of three desalination plants in Singapore, an island city of 5. , there are 34,000 of these moms and pops, says the real problem is that while "Singapore's securities market has grown in sophistication and complexity, the Singapore retail. Below Par happens to Oxley and Aspial bonds too. Interview Questions with professional interview answer examples with advice on how to answer each question. “Hyflux understands the frustration and regrets the dissatisfaction that has caused some stakeholders to protest,” the company said in reply to a request for comment. It is produced by Super group also. Welcome! Log into your account. In 2009, Hyflux Ltd (Hyflux) was one of Asia's leading environmental water treatment companies with operations in Singapore, China, the Middle East, North Africa and India. Olivia Lum -- The Hyflux Story Not only is she a good example from Singapore of women who had scaled the corporate ladder successfully to become a CEO (Ho Ching is the other one), this article can also be used for several qns. This extension was rescinded after Hyflux failed to get approval for the scheme of arrangement. While a bit obvious, if a lemonade company has sold 30 million. This report is designed to give readers a highly detailed insight into Hyflux. Anyway, is this a cashflow problem for Hyflux that is temporary and just needs time to heal or a structural one where Hyflux should just be allowed to fail. 1Q08 core net profit of S$0. There have been problems brewing with Hyflux for well over a year now. Singapore is one of the tropical countries in Southeast Asia that is surrounded by water In addition to that, Singapore gets a lot of water volume from the rainfall it experience. Step-up Dividend Rate If not redeemed by Hyflux on 25 April 2018, the dividend rate will step up to 8% per annum Dividend Payment Payable semi-annually when, as and if declared by the Hyflux Board, in arrears on 25 April and 25 October of each year Right to Redeem On any date on or after 25 April 2018 at the option of Hyflux. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. 9m was an improvement over the restated S$4m loss for 1Q07, but was below market and our expectations. We think parties like ACRA, SIAS, Hyflux, Auditors etc have largely done their part with no obvious signs of negligence. Read employee reviews and ratings on Glassdoor to decide if Hyflux is right for you. In fact, Ms Olivia Lum, CEO of Hyflux, sold her apartment and car in order to raise money for her start-up. 946 (Below Par). This content is for Subscribers only. The latest Tweets from Martin Lee @ Sg (@MartinLeeAtSg). paid its bond due on April 18 but its parent's problems have cast a shadow. Obstacles can be overcome; it's how we approach the challenges and solve the problems. Let's not look at the assets Hyflux hold as a national strategic one, but rather through economic lens. “We hope that notwithstanding their disappointment in Hyflux, they will vote on the basis of what is commercially and legally realizable in terms of recovery. We think parties like ACRA, SIAS, Hyflux, Auditors etc have largely done their part with no obvious signs of negligence. "We expect such investors to take a hit as their securities are subordinated. How China's credit tightening may have spooked Hyflux Share price plunged 13. Find Insinkerator Hot Water Dispenser Parts at RepairClinic. Hyflux said the possible injection of S$400 million will be used for equity and working capital purposes and possible urgent interim funding. And this happens when retailers did not do their home work. Hyflux (S$3. I am not an expert and don't wish to be assumed to be one. 04 million in 1Q this year. Some other types of filters that function by micro. Within ten months, Hyflux was trading down at around $2. Hyflux also tried to be Smart Alec, thinking they could undercut others in pricing their water by cross subsidies from selling electricity. [citation needed. To access full PFIe. With its humble beginnings in 1989, Hyflux started as Hydrochem (S) Pte Ltd with $20,000, a 3 person team, and an idealistic dream. “The problem is that investors will be circling these assets in hope of a bargain because they know the situation that Hyflux is in,” said Mr Lizza. if hyflux can solve the tuaspring problem , they have a good chance to pull through. KUALA LUMPUR (May 25): The potential losses to Malayan Banking Bhd (Maybank) from the debt restructuring of Singapore-listed water treatment firm Hyflux Ltd should be limited, says Moody's Investors Service. This was no typical business failure", published in The Business Times on March 26. In 2017, when Hyflux reported losses of $115. This is a problem indirectly created when banks offer near zero interest on your savings. Actually, logically speaking, only 405 pref shareholders (388 + 17) will be seriously hurt by Hyflux. Daimler: Weltweit einmalig! Daimler India Commercial Vehicles (DICV) ist als Tochtergesellschaft der Daimler AG seit einigen Jahren als Nutzfahrzeuganbieter auf dem indischen Markt tätig. Perhaps the outcome as far as the performance of the company would have been better if Hyflux had developed or adopted more efficient technology. Both referring to myself as well as that of Hyflux. hence many old uncle and aunty used cash to buy too. Some told me that Hyflux would be safer as E-pure was an S-chip. Furthermore, drinking too much alkaline water, or drinking water with a high pH, may disrupt the body’s normal pH. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. Problem though, is that these are perpetuals and Hyflux has to buy them back some day, at par value or discount to market price. Last week, the Public Utilities Board issued a notice to its subsidiary Tuaspring to take over its $1. Problem Hyflux problem started with the Tuaspring desalination project. Hyflux Ltd had released its full-year results for 2015 yesterday evening. SINGAPORE: Over the past few months, investors in Hyflux have been anxiously observing the unfolding of events. Google has many special features to help you find exactly what you're looking for. Repair your Insinkerator Hot Water Dispenser for less. Headquartered and listed in Singapore, Hyflux is a water treatment specialist with a track record that includes Singapore’s first water recycling plant and some of the world’s largest seawater reverse osmosis desalination plants in Algeria, China, and Singapore. It was a way for the company to raise funds. In 2017, when Hyflux reported losses of $115. UAE-based utilities firm Utico has expressed concern on what it perceives as Hyflux's "delaying ploy" after the embattled water treatment firm made an announcement about six other potential investors and legal-related. The Figure plots the debt to market equity ratios of Hyflux and its four peers from 2013 to 2018. if hyflux can solve the tuaspring problem , they have a good chance to pull through. 3M™ Residential Water softeners reduce calcium and magnesium minerals in the water to help prevent scale build-up. Earlier in 2013, the company did another round of consent solicitation with details undisclosed. 0m outflow), even before accounting for its interest paid of S$87. Hyflux had built Tuaspring in 2012/2013 when Singapore did not have an overcapacity problem. Noting several disagreements between its investor and itself, Hyflux continued to. Some told me that Hyflux would be safer as E-pure was an S-chip. The group holds the plant at a value of S$1. Patchy Revenue. This process is getting more and more hot after it announced the details of its restructuring plan. Hyflux is running into problems because they invested in energy markets, over invested, and they now have serious cashflow problems because not only do they have to bear the investment cost, they also have to use their cash to pay the borrowing costs from building the plant. Hopefully next year SGX can really lot size to 100 shares. Hyflux’s Tuaspring plant is the largest of three desalination plants in Singapore, an island city of 5. Government Should Bail Out Hyflux And Don't Put All Your Eggs Into One Basket It was poignant to read from the news that there was a retail investor who risk losing a certain portion of his S$250K of capital investment into Hyflux bond. Hi, I installed a Hyflux Alkaline-3 UF Drinking Water System last July, according to the specification it is capable of filtering up to 3000 Litres of water and base on the usage in my household for 3 adults with minimal cooking it should last me 12 to 18 months. Hyflux preference shares (up to $200 million) will be offered to the public at $100 per share giving 6% pa yield. com story content you must be a subscriber. Speaking at the Hyflux protest yesterday, Tan urged the government to take responsibility for its actions and. Hyflux, as well as DBS Bank, one of its creditors, voiced out their concerns over this. It is unlikely to have fund houses buying large quantities as it has no credit rating and fund managers cannot overide the mandate of having non investment grade preference shares/bonds in their portfolios. He says the company funded growth with debt, and their business plan appears to have faltered. Singapore moved to take control of debt-laden Hyflux's key water treatment plant on Wednesday, a day after authorities said they were reviewing the company's disclosures to see if it has breached. 3 billion on its books, and has said it wants to sell its stake at book value. I've been talking shit about Hyflux since forever, nicely summarized in this post, where I am *completely shocked* about what happened to them. View all HYFXF assets, cash, debt, liabilities, shareholder equity and investments. Take a trip to an upgraded, more organised inbox. The gas industry overseer was. Barely two years later, Hyflux moved to the mainboard of the SGX. Enough warning been given by analysts , bloggers on the problems of Hyflux in servicing their loans ( including bonds/ perps / CPS ) due to company's inability to generate enough cash flow to pay for the interest. The company offers a range of water and fluid treatment solutions such as wastewater cleaning, water recycling, water reclamation, raw water purification and ultra pure water production for industrial and municipal clients. Hyflux’s fall from grace: What went wrong. It means that the leverage ratio of Hyflux is way too high and may cause problems for the company. Headquartered and listed in Singapore, Hyflux is a water treatment specialist with a track record that includes Singapore’s first water recycling plant and some of the world’s largest seawater reverse osmosis desalination plants in Algeria, China, and Singapore. Good profitability, good ROE, cash rich and surprisingly, they have so little long term debts. if hyflux can solve the tuaspring problem , they have a good chance to pull through. This was no typical business failure", published in The Business Times on March 26. Hyflux is a global water solutions Hyflux is a global water solutions company operating reverse osmosis desalination plants in countries such as Singapore, China and Algeria. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. Practice 30 Hyflux Ltd. Hyflux's financial woes are a "result of its own commercial decisions" and not down to actions by regulators, the Energy Market Authority (EMA) said yesterday. - Monitor and control the whole system using ICONICS SCADA and arrange the alarm log data, trend log data for application status. The national water agency also terminated its water purchase agreement with financially-strapped Hyflux Ltd. It operates through the Municipal and Industrial business segments. This is because Hyflux is expecting to sell the electricity to generate sufficient cash flow for the loan instalments once in operation. The firm has also set its sights on India. The only problem is the share price is also SUPER high! Even more expensive than Singtel. Water treatment firm Hyflux Ltd (SGX: 600) announced on Tuesday that it will be offering S$300 million worth of perpetual securities that will yield their investors a 6. The company, whose. Hyflux says that its Standard Membrane Systems address the challenges of water shortages and water usage restrictions faced by industries and communities worldwide by providing a reliable, high quality supply of water in a simple, fast and cost-effective way. He added that SMI will have to clean up a lot of problems due to Hyflux’s liquidity crunch, including problems that the consortium will be obligated for. This also tell me there maybe opportunity created by the fearful. 3 billion on its books, and has said it wants to sell its stake at book value. Hyflux has been the talk of the town lately due to its cash flow problems which triggered a restructuring process. UAE-based utilities firm Utico has expressed concern on what it perceives as Hyflux's "delaying ploy" after the embattled water treatment firm made an announcement about six other potential investors and legal-related. Interview experience was okay. Keppel Infrastructure Trust , which has a 70% stake in SingSpring and is building the fourth desalination facility in the country, gave a similar reply. Vertical farms solve land problem - Duration: 2:46. Read employee reviews and ratings on Glassdoor to decide if Hyflux is right for you. Over 8 years, total dividends received were $772. Excluding Tuaspring, Hyflux would have achieved a net profit of S$1. Pumpco has delivered many pumping equipment and solutions to our valued customers; achieving tremendous savings in terms of initial investment, reduction in downtime, energy conservation, etc. El Magtaa desalination plant was until recently the world's largest reverse osmosis desalination plant producing 500K cubic meters of drinking water / day. 00 prices may either explore the merits of having a stop-loss plan (internalise), or start to "run" the company by questioning why Hyflux management took on so much debt, why expand so aggressively, why venture to "risky" countries (on hinsight), etc (externalise). With stories about how retirees placed their entire life savings in Hyflux perpetuals only to watch it go up in smoke, it’s hard to miss this one. Utico is picking up a stake of 88 per cent in Hyflux, setting the way for the restructuring of the Singaporean company, a joint statement by both companies filed on the Singapore Stock Exchange. Chances of a new white knight for Hyflux low, say experts More Related ArticlesEmbattled water desalination company Hyflux, which… by SGSME April 20, 2019 Hyflux racing against time in hunt for new white knightPUB has issued a notice to terminate its water… by The Edge April 17, 2019 PUB issues notice to take over Hyflux's […]. , there are 34,000 of these moms and pops, says the real problem is that while "Singapore's securities market has grown in sophistication and complexity, the Singapore retail. Obstacles can be overcome; it's how we approach the challenges and solve the problems. AsiaOne is a free access news portal delivers latest breaking news and top stories updates in Singapore, Asia Pacific and across the World. “Before Hyflux got listed, we concentrated on building up a good track record,” she says. Hyflux, Singapore's largest water treatment company by market value, has closed a S$175 million US$140 million perpetual bond, the first Singapore dollar-denominated perpetual in more than three months and the company's second this year. Hyflux is the latest in a line of casualties that has unfortunately spilt over to the retail market. • History matters: Some of you recognized that Hyflux’ problems dated from decisions made in 2010-2011 when it decided to go for bigger projects and diversification after its MENA projects dried up and it faced more rivalry in its existing business. Retail investors now face as much as 90%-97% loss of their investment capital with this plan. Government Should Bail Out Hyflux And Don't Put All Your Eggs Into One Basket It was poignant to read from the news that there was a retail investor who risk losing a certain portion of his S$250K of capital investment into Hyflux bond. Hyflux had built Tuaspring in 2012/2013 when Singapore did not have an overcapacity problem. Read more at straitstimes. Barely two years later, Hyflux moved to the mainboard of the SGX. [citation needed. It may indirectly spur you to "invest" in stocks or financial products. Glassdoor has 94 Hyflux reviews submitted anonymously by Hyflux employees. 38, while Veolia Environnement SA and Suez, both listed in Paris, have average debt-to-equity ratios of 1. A former Nominated Member of Singapore Parliament, Olivia Lum is a member of the Singapore-Tianjin Economic & Trade Council and the Singapore-Jiangsu Cooperation Council, as well as the. Hyflux project problems revealed. Low values, however, do not indicate a critical problem. Whatever your interest in Hyflux, as a manager, analyst, investor, shareholder, or competitor, you will not find a more compelling, comprehensive or authoritative report. The money from hefty incentives used to lure foreign firms is better spent on such foreign "Jedi Masters" who can help run our local companies and take them global. Access to water is universal, affordable, efficient and of high quality. Sgwealthbuilder. 0% annual “dividend. In 2017, when Hyflux reported losses of $115. Hyflux is running into problems because they invested in energy markets, over invested, and they now have serious cashflow problems because not only do they have to bear the investment cost, they also have to use their cash to pay the borrowing costs from building the plant. See the breakdown of the votes in. Hyflux, which is developing Singapore’s second and largest desalination plant, ‘is now in advanced discussions with reputable contractors’ to develop the core power portion of the project. Hyflux's net loss was dragged down by the loss-making Tuaspring desalination plant, reported in the media earlier. Domain Services. they can buy cheaper products in other. I am unable to find any disclosed information on Hyflux website or corporate announcements that Tuaspring was required by PUB to treat any other capacity. many of you said hyflux retail bonds is a junk bonds. writing lab testing methods and presenting ( lab safety, chemical handling ). why they rate a junk bonds investable and recommended such bonds to the retailer to invest using cpf/srs ?. Excluding Tuaspring, Hyflux would have achieved a net profit of S$1. CITIC Envirotech, on the other hand, is a SOE backed by the Chinese government and operating in a rosy macro landscape. HYFLUX PETITION The online petition comes as shareholders and investors are asking why Hyflux’s audit firm gave the organisation a clean bill of health in its annual reports over the last decade, instead of flagging the risk that Hyflux would become embroiled in heavy debt By Jewel Stolarchuk - April 17, 2019. SINGAPORE: Troubled water treatment firm Hyflux chalked up a net loss of S$1. Hyflux Ltd: Special Interest Commentary 2Thuurrssddaayy,, 244 MMaayy 22001188 Hyflux Ltd ("HYF") announced that the company and five of its subsidiaries have applied to the High Court of Singapore to commence a court supervised process to reorganise their liabilities and business. Provided by Alexa ranking, hyflux. Hyflux Ltd: Special Interest Commentary 2Thuurrssddaayy,, 244 MMaayy 22001188 Hyflux Ltd (“HYF”) announced that the company and five of its subsidiaries have applied to the High Court of Singapore to commence a court supervised process to reorganise their liabilities and business. 50 respectively. Hyflux retail bonds is rated investable using SRS/CPF. Check the Security Alert; Always safeguard your online password at all times. Hyflux Strategy Hyfluxs vision is to be a world leading water treatment company. - Monitor and control the whole system using ICONICS SCADA and arrange the alarm log data, trend log data for application status. SINGAPORE: Seen as one of Singapore’s most successful business stories, water treatment specialist Hyflux’s recent woes had come as a shock for many and for Mrs Goh, it was something that she. 1% from a high of S$1. After attending the G20 meeting in Osaka, PM Lee said that the world leaders did not make much progress on the challenges facing the world Are prices in NTUC Fairprice cheaper? Are prices in NTUC fairprice cheaper? Many consumers say they are not. My job responsibility is to provide quality of water for public consumer. From traditional to transitional to modern, our faucet styles and designer finishes are made to coordinate with your decor. Utico was hoping to enter a deal with Hyflux, which would allow them to fix the problems at Tuaspring desalination plant that led to PUB's decision to take it over. Fundamental Probability of Default Analysis The analysis of S&P Global Market Intelligence’s one-year Fundamental PD reveals Hyflux had consistent implied credit scores in the bb+/bbb- range over the course of 2016. 9 million ($11. The only way to get out of this situation is to change the terms of the contracts. According to a banker i spoke to recently, investors in Singapore view Perps as a bond and it is supposed to trade like a bond. Whatever your interest in Hyflux, as a manager, analyst, investor, shareholder, or competitor, you will not find a more compelling, comprehensive or authoritative report. The problem is when news was released, the meat to show reduced tremendously and to make $, one have to short before the news is out. On Hyflux's website, Tuaspring's capacity is shown as 318,500 cubic metres a day. Utico wants debt-ridden Hyflux to sign a definitive agreement for a rescue deal by Aug 16, failing which it will walk, the Emirati utilities group said on Friday. Maybe that’s why, while other companies struggled with cashflow problems, we were okay. He added that SMI will have to clean up a lot of problems due to Hyflux’s liquidity crunch, including problems that the consortium will be obligated for. Hyflux - Sustainable Solutions That Transform Lives. But problems started to snowball when Hyflux decided to take on the Tuaspring Deslination project from PUB in 2011. 138 and it is a. The Bonds and Preferreds. It is known to the global community for its expertise. - Monitor and control the whole system using ICONICS SCADA and arrange the alarm log data, trend log data for application status. Called Hyflux Water Trust (HWT), the entity will own 13 plants with a total daily capacity of 445,000 cubic metres. This explains another major reason why Hyflux has been having some problems related to electricity prices. If that is the case, Hyflux’s balance sheet may be burdened with even more debt should it secure the new projects. Unless you've been living under a rock the past few months, you've probably heard about the Hyflux saga. SINGAPORE - Hyflux's restructuring - which may include a combination of haircuts, debt maturity extension, or interest rates adjustments - could lead to financial losses for creditors, Moody's. The national water agency also terminated its water purchase agreement with financially-strapped Hyflux Ltd. She is best known for being the founder, group chief executive officer, and president of the Singapore-based Hyflux Group. of Energy National Energy Technology Laboratory (DOE/NETL) has recently awarded a project entitled HyFlux: "Remote sensing and sea-truth measurements of methane flux to the atmosphere. The money from hefty incentives used to lure foreign firms is better spent on such foreign "Jedi Masters" who can help run our local companies and take them global. Introducing the Five Successful Leaders from Singapore. Enough warning been given by analysts , bloggers on the problems of Hyflux in servicing their loans ( including bonds/ perps / CPS ) due to company's inability to generate enough cash flow to pay for the interest. Tuaspring's power plant is also unattractive, given the poor market conditions, added Prof Loh, who is also the director of the Centre for Governance, Institutions and Organisations. Hyflux's problems could be indicative of a bigger issue within Singapore's S$386 billion credit market. 3 billion on its books, and has said it wants to sell its stake at book value. Hyflux is the latest in a line of casualties that has unfortunately spilt over to the retail market. Read more at straitstimes. then sgx/mas have so many financial expert there. Introduction Hyflux is the first water treatment company to be listed in the Singapore tock exchange in 2001. If Hyflux has good long-term prospects, it may be able to borrow against those prospects to meet current obligations. Hyflux launched a perpetual securities financial product in May 2016 claiming 6 per cent annual return. It may indirectly spur you to "invest" in stocks or financial products. The Bonds and Preferreds. Hyflux says that its Standard Membrane Systems address the challenges of water shortages and water usage restrictions faced by industries and communities worldwide by providing a reliable, high quality supply of water in a simple, fast and cost-effective way. 37 on 10 Jun to a low of S$1. Last week, the Public Utilities Board issued a notice to its subsidiary Tuaspring to take over its $1. But problems started to snowball when Hyflux decided to take on the Tuaspring Deslination project from PUB in 2011. " Of the S$300 million sum, S$230 million is meant for the general public, S$20 million for Hyflux's.