SGX Listed Stock

HYFLUX LTD (SGX:600)


SGD 0.210
0.000 / 0.00%
Share Price as of: 2021-01-18 13:19
Market / ISIN Code: SGX Mainboard / SG1J47889782
Sector / Industry Group / Industry: Utilities / Utilities / Water Utilities


Hyflux Blogger ArticlesHYFLUX LTD Blogger Articles SGX Listed Hyflux (SGX:600) Blogger Articles 600.SI Blogger Articles
SIAS
sias
2021-01-17 20:11:55
The STI regained the 3,000 mark on US stimulus hopes
Markets took their cue from a firm Wall St; Sentiment in US was upbeat despite political upheaval; Main hope was that Biden administration would announce stimulus; US President-elect Biden duly announced plans for a US$1.9tr package; China’s exports beat forecasts, trade surplus with US widened; SIA issued US$500m in bonds; 17 parties have signed NDAs to possibly invest in Hyflux; Quarz said S$1.55 per share offer for Sunningdale is too low; SGX queried iFast for fourth time in six months.   US stimulus hopes continued to underpin market’s strength The local stock market last week continued to benefit from Wall Street’s strength that has over the past two months been derived from hopes of a large stimulus bill to tackle the economic challenges posed by the COVOD-19 pandemic.
SIAS
sias
2021-01-12 12:25:19
Commentary: Hyflux • Hoping for deal with some form of recovery for all parties
First published in Straits Times on 11 January 2021 It’s been a very long wait for the thousands, in fact, 34,000 preference shares and perpetual securities (P&P), and bond holders of Hyflux to see light at the end of the tunnel. It has been some 2.5 years since Hyflux filed for protection in the Singapore courts. It has now been placed under judicial management. While some creditors have welcomed the court’s decision because they are tired of waiting for Hyflux to find a suitable white knight, many retail investors fear the worst – liquidation. One can’t blame them as judicial management often leads to liquidation, leaving the subordinated creditors completely out of money. The senior creditors or the unsecured working group (UWG), who were advised by financia
The Asia Report Bottoms Up Investing
Terence
2021-01-06 11:50:48
Chinese Government Bonds ETF, what is it and should you buy it?
As we wrap up 2020, we revisited some of the most interesting products (including the Airbnb IPO and Lion-OCBC Tech ETF etc) which were listed in 2020 and explored whether they were worth investing. Another product which received keen attention from our readers is the Chinese Government Bond ETFs which were listed on the SGX in 2020. The two key products in this basket includes the ICBC CSOP FTSE Chinese Government Bond Index ETF (“CSOP ETF”) and the NikkoAM-ICBCSG China Bond ETF (“Nikko ETF”). In this article, we explore what Chinese Government Bonds ETF are generally, and compare the differences between the CSOP ETF and Nikko ETF and finally provide a discussion as to which product is more suitable for which investors. What are Chinese Government Bonds? Chinese Government Bonds a
SIAS
sias
2021-01-06 10:03:54
Commentary: Investors should look at how companies are run
First published in Business Times on 22 November 2020 Picking firms with strong governance will reduce risk of loss due to corporate misbehaviour When it comes to choosing stocks, most investors use traditional financial metrics such as earnings, return on equity and net asset value. Some might look at charts while others use a combination of fundamentals and technical indicators. It is about time retail investors looked at another important aspect – the company’s corporate governance. This is because companies that are well governed tend to perform better than those with weak or poor governance. A research paper, “Good governance driving corporate performance?” by Deloitte and Nyenrode Business University, found there is conclusive evidence that good governance var
SIAS
sias
2021-01-03 08:44:08
Monthly wrap for December 2020: A flat month in a weak year
The STI added one point in December to end at 2,843.81; The index’s loss for the year was 11.7%; Over in the US, the S&P 500 finished 2020 at a new all-time high; Banks and Jardine Matheson posted biggest market cap gains in Dec; Top Glove suffered biggest loss in market Cap in Dec; Overall, SGX’s market cap dipped 8.3% year-on-year; SGX highlighted the value of value investing; Global investor confidence rose in Dec A one-point gain and an 11.7% loss STI The Straits Times Index gained just one point at 2,843.81 over December, a month in which news that vaccines are now available for COVID-19 helped boost hopes that the global economy will soon be on the mend. This helped support stock prices, particularly Wall Street, which rose to several record highs that included the Dow Jon
SIAS
sias
2020-11-15 17:45:13
The virus, the vaccine and the victory
The STI’s surge continued in the wake of Joe Biden’s victory; Adding impetus was hopes of a vaccine soon for the virus; SIA issued new convertible bonds at 1.625% coupon; Best World submitted trading resumption proposal; Aspen in play (again) after placement announcement; Hyflux supported SGI’s rescue deal; IPO managers and sponsors to be held to higher standards. Victory for Democrat Joe Biden was the first driver The US election victory by Democrat candidate Joe Biden was one driver of stock prices last week, on hopes that the President-elect would be able to deliver a stimulus package that was larger than previously negotiated or reported. The second and perhaps more important driver were rising hopes of a vaccine to battle the COVID-19 virus that has brought the global economy
SIAS
sias
2020-11-15 17:37:59
Press Statement – Hope for Hyflux P&Ps with improved terms from SGI
As announced by Hyflux on 13 November 2020, SGI issued a non-binding and conditional term-sheet proposing various terms for Hyflux’s creditors.  In SGI’s term-sheet, P&P holders are offered a cash consideration of S$41 million (which represents a 4% recovery) and 10% of newly issued convertible securities (“CS”) in Hyflux. The CS are zero par, zero liquidation value and zero dividend. The CS converts into Class B common equity, which is non-voting, upon performance hurdle based on a liquidity event (e.g., IPO, dividend, recapitalisation, 3rd party equity capital injection, majority sale). The Class B common equity is fully subordinated to Class A common equity. P&P holders are strongly encouraged to refer to Hyflux’s announcement dated 13 November 2020 for the full terms
SIAS
sias
2020-10-22 18:29:28
A strong corporate culture is a valuable asset
First published in Business Times on 13 October 2020 Companies with a robust and ethical culture in place are better equipped to deliver superior performance for their stakeholders and gain the market’s confidence. The Monetary Authority of Singapore (MAS) last month issued its Guidelines on Individual Accountability and Conduct, which contain measures that financial institutions (FIs) should put in place to “promote the individual accountability of senior managers, strengthen oversight over material risk personnel, and reinforce standards of proper conduct among all employees”. This is very welcome as FIs play a crucial role in safeguarding the integrity of the financial system. Indeed, if trust in FIs is eroded, the entire market suffers and this can have dire consequen
SIAS
sias
2020-10-18 20:15:24
A firm finish to a flat week
The STI ended flat for the week at 2,532.02; NODX rose 5.9% in Sep; Economy contracted 7% in Q3; Hyflux gets final extension; Study shows Singapore companies lag Malaysian and Thai peers in integrity; SPH shares sank below $1 after company reported first ever loss; Wilmar’s China unit made solid debut on Shenzhen exchange; World Bank warned of emerging financial crisis A flat week driven by Wall St nervousness, local economic news The Straits Times Index was flat over the five trading days, Friday’s 9.4 points rise to 2,533.02 enabling it to erase all its loss over the previous four days. Those losses came in tandem with some nervousness on Wall Street, where investors were said to be grappling with the likelihood that a stimulus package is still some way from being agreed upon; Fri
SIAS
sias
2020-10-13 17:37:57
Press Statement – SGI’s expression of interest to Hyflux
SIAS refers to the latest announcement by Hyflux regarding the expression of interest (EOI) by Strategic Growth Investments LLC (SGI). The EOI provides for a total of $32m in cash for PnPs and a 10% equity stake in the form of warrants, post restructuring. SGI’s EOI is not binding, subject to due diligence and internal approvals, and there are questions for SGI, like how SGI has determined the value of its Value Creation Plan and the terms of the warrants. Nevertheless, it is worth noting the proposal provides a holistic approach to the Hyflux restructuring and solution to the PnP Holders, and SIAS is prepared to commit time to engage with SGI with a view to developing its EOI into a concrete and binding restructuring plan.   David Gerald Founder, President & CEO SIAS The post P
SIAS
sias
2020-10-04 22:13:02
Rebound stalled after Trump tested positive for COVID-19
The STI was on an uptrend when news of Trump’s infection broke; Index still managed a 1% gain for the week; SGX’s market cap was 2.7% down in Sep at $740b; US economic recovery looks like its stalling; Authorities updated guidelines for conduct of meetings; MAS ordered Ayondo to provide documents for investigation; Best World dropped defamation suit against Bonitas Research Trump’s positive virus test was main talking point The big news last week wasn’t the economy, interest rates or tech stocks; instead it was news on Friday that US President Trump and his wife have contracted COVID-19. The news was initially known in mid-afternoon in Asian trading, leading to a 500 points slide in the Dow futures and bringing the sellers out in force around the region. Here, the Straits Times
DollarsAndSense.sg
Dinesh Dayani
2020-09-15 11:11:43
Complete Guide To Investing In Corporate Bonds In Singapore
This article was first published on 29 October 2018 and been updated to include the latest information. In Singapore, bonds are an important asset class allowing investors to diversify from having just stocks or property investments in their portfolio. Typically, there are two main types of bonds we can invest in – government bonds and corporate bonds. Read Also: Step-By-Step Guide To Bond Investing In Singapore In this article, we will delve deeper into how to start investing in corporate bonds in Singapore. What Are Corporate Bonds? As its name suggests, corporate bonds are issued by corporates or companies. When we invest in corporate bonds, we are lending our money to these companies in exchange for an interest payment. Typically, the riskier the company, the higher the interes
To make money. To build wealth. To preserve wealth.
sgwealthbuilder
2020-08-18 21:25:27
Sembcorp Industries share price to hit $5 after demerger?
Sign up & unlock articles! For the longest time, I hold back writing about the impact of the demerger to Sembcorp Industries (SCI) share price because you never know if the shareholders would do a “Keppel”. Now that 99% of the shareholders had voted for the demerger, I think it is time opportune to pen down the potential long-term impacts on Sembcorp Industries share price. Hyflux to sink or swim with Sembcorp Industries? Sembcorp Industries Ltd When the $2.1 billion recapitalization of Sembcorp Marine was announced on 8 June 2020, I can imagine long-term investors of Sembcorp Industries being overwhelmed with emotions. I can certainly relate to their agony. Indeed, investing in this counter is no fun. Sembcorp Industries share price used to trade at $5.50 in 2014. Then the oi
SIAS
sias
2020-07-30 18:10:51
Press Statement: SIAS does not endorse any deal; calls on Utico to put proposal acceptable to all creditors
We refer to the Business Times article “Utico seeks Sias endorsement as Hyflux judicial management looms” dated 29 July 2020. SIAS wishes to clarify that SIAS’ role is to facilitate communication between the relevant stakeholders and the P&P Holders, and to provide information to P&P Holders on the various offers made so as to enable the P&P Holders to make an informed decision when deciding whether to support any offer made by Utico, or any other potential investor.  It does not intend to endorse Utico’s offer, or any of the other offers made by other potential investors such as Aqua Munda or Pison Investments based on the current terms. In addition, the issues highlighted by SIAS in its Press Release of 19 July 2020 have not been satisfactorily addressed and we urge
SIAS
sias
2020-07-27 18:35:42
Press Statement: Carve out application
SIAS notes the decision of the Court today to allow the UWG’s application for a carve out of the moratorium. This essentially allows the UWG to proceed to make the JM application. This does not necessarily mean JM is inevitable as this will only be decided by the Court at the relevant hearing date for JM. There is still time for serious Offerors to table concrete offers.  In particular, SIAS repeats its call for Aqua Munda and Pison Investments, who have stated that they would make an offer to the P&P Holders to do so on an urgent basis. In addition, Hyflux should confirm as soon as possible whether it will be accepting the revised Utico deal and call a scheme meeting in the near future. Time is of the essence.  As the application for JM is on the horizon, it is important for Hyflu
SIAS
sias
2020-07-27 10:57:10
Commentary: Hyflux’s PnP holders still waiting for concrete terms: Sias
First published in Business Times on 27 July 2020 MORE than two years after water treatment firm Hyflux announced it was in dire financial straits and unable to meet its debt obligations, the market is still no wiser as to what exactly the fate of the company will be. While several white knights have emerged since then, no proposal has progressed to a satisfactory conclusion. The closest was Indonesia’s Salim group, but that deal fell through under a cloud of unresolved issues such as the dispute over a S$39 million deposit. Recently, offers have emerged from Utico, Pison and Aqua Munda. These rescuers are unfamiliar to the local market and, as such, will be subject to close scrutiny. The Middle East investor Utico, which has been in discussions with Hyflux since last year, had table
SIAS
sias
2020-07-22 09:59:43
Press statement: SIAS raises concerns over potential Hyflux offers
Over the past two weeks, Hyflux has made announcements on receipt of letters of interest and/or offers made by new potential investors, namely, Pison Investments Pte Ltd (”Pison”) and Unilegend Investments Pte Ltd. Previously, Aqua Munda Pte Ltd (“Aqua Munda”) had also made an offer to the senior unsecured creditors. In addition, two other potential investors, namely, Longview International Holdings and FCC Aqualia had previously expressed their interest in investing in Hyflux. No offer yet on the table for P&Ps from any of the new potential investors While SIAS has previously met with representatives of Aqua Munda and was informed by Aqua Munda that it will be making an offer to the P&P Holders at the appropriate juncture, SIAS has to-date not received the terms of any off
SIAS
sias
2020-07-22 09:56:09
SIAS clarifies comments made by Mr Johnny Widjaja
I refer to the article “Potential Hyflux investor Johnny Widjaja says funds earmarked for deal; will address PnP holders” SIAS would like to clarify that although it was reported in the article that “Mr Widjaja engaged with SIAS over the subordinated creditors”, SIAS’s meeting with Mr Widjaja was much more in the nature of an introductory courtesy call by Mr Widjaja on SIAS without discussion of detailed terms. Mr Widjaja also did not propose any terms for the P&P holders during the meeting. While SIAS is happy to meet with interested investors, SIAS strongly repeats its earlier call that any proposal by investors must include a firm offer for P&P holders and that the P&P offer terms should be made public as soon as possible for P&P holders’ consideration.  
DollarsAndSense.sg
Sim Kang Heong
2020-07-19 10:55:23
4 Stocks This Week (Recent IPOs) [17 July 2020] Southern Alliance Mining; United Hampshire US REIT; Memiontec; AMTD
News of Initial Public Offerings (IPOs) on SGX is always a welcome occurrence. Investors get more investment opportunities, and it is also a vote of confidence in the Singapore bourse. In this instalment of 4 Stocks This Week, we looks at recent IPOs on SGX, and how they have fared so far. Read Also: Step-By-Step Guide To Subscribing To An IPO (Through Internet Banking) Southern Alliance Mining (SGX: QNS) Headquartered in Pahang, Malaysia, Southern Alliance Mining is principally involved in exploration, mining, processing and sale of high-grade iron ore. The company has monthly production capacity of approximately 60,000 tonnes of iron ore concetrates. The company’s primary operating site is the Chaah Mine, which has total ore reserves of 6.1 million tonnes at 51.2% Fe (as of 31 October
The Asia Report Bottoms Up Investing
Richard (Jun Hao)
2020-07-04 20:36:21
[Last 12 Hours] Watch The Webinar Replay Now!
Just a gentle reminder that our Webinar Replay to Finding Winning Stocks Amid the Panic will be taken down later today at 9:30pm. The replay will be made available only to members of the Bulletproof Value Investing 2020 Course going forward. Members can also watch our previous Webinars such as our Singapore Banks Webinars in May and June. We have members’ only Webinar training that builds on our CORE materials later this month and in August.. details will be released soon!   What Did We Cover During the Bulletproof Value Investing Launch Webinar? During the Webinar, I covered 4 big topics. FIRSTLY – the state of the global economy. I shared with attendees why I don’t see a V-Shape recovery and why I think many people are underestimating the severity of the crisis. W





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