Monday, September 23, 2013
Hyflux: OCBC Hyflux Ltd has officially launched Singapore’s second and largest reverse osmosis (SWRO) desalination plant on 18 Sep. According to management, the desalination plant is not only a showcase of its membrane technology but also strengthens Hyflux’s international track record in large-scale desalination plants, putting the company in a strong position to provide clean, affordable and sustainable water solutions to meet worldwide demand. During the Tuaspring launch, house also had a short chat with management and it appears that Hyflux is slowing but surely turning its focus back to the MENA region. But until see the award of a sizable contract from any of the above mentioned markets to replenish its order book, opt to maintain HOLD rating and $1.215 fair value.