Wednesday, December 10, 2014

Hyflux

Hyflux: low price is not without reason. Negative NTA means shareholders may not be left with much residual value in a default situation. Also, looking at Bloomberg data, in the nearly five years between 2010 and 9M14, the group has bled $1.15b in cumulative free cash flow , compared to its market cap now of $650m.

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