The pride & joy of Singapore's world class water treatment industry. Landmark project is NEWater, Singapore first seawater desalination plant as the government seek to decrease our water-dependency from external soources for very strategic reasons.
It created a hype back then when Singapore is having some 'technical difficulity' over negotiating the renewal of our purchase of water source from malaysia. Probably to most Singaporean's pleasant surprise, the govt announced that we are ready to rely on our NEWater project (which was kept in secret for strategic reasons) as a new water source.
Water, indeed clean water, has been and will significantly be an important commodity in the future. China, in its preparation for Beijing 2008 Olympics, are expected to spend a fortune on cleaning up its backyard and front porch. This will significantly boost the biz of water/environmental treatment industries' pie that bio-treat,hyflux,darco,sino-environment, just to name a few, are fighting to get a slice of.
Recently, Hyflux entered the oil and solvent recycling business, after the acquisition of 51 percent equity in SK Oilchem Management Pte Ltd, (a Singapore-incorporated private exempt company licensed to collect and process new and used oil in Singapore).
Recently, Hyflux entered the oil and solvent recycling business, after the acquisition of 51 percent equity in SK Oilchem Management Pte Ltd, (a Singapore-incorporated private exempt company licensed to collect and process new and used oil in Singapore).
Hyflux will invest up to S$70 million in supplying a proprietary membrane plant for used oil recovery. Investment return is expected to exceed 20 percent. Hyflux really has to be commended for always seeking out venues to addon values to its current biz. 
Technically, since hyflux doubled its price from $1.80 to $3.98 within 3 months last year, it has completed a double top and has never look back ever since, doing a one year long decline that knows no bottom. That is, until today, Hyflux has reached a critical point which will determine its revival. If it bounces up from 2.04 and exceed 2.20 in the coming weeks, a double bottom formation would give it momentum to seek out 2.38 and beyond. Will it once again regain its status as a market darling in the minds of investors? Hyflux - It's So Clear ..
Technically, since hyflux doubled its price from $1.80 to $3.98 within 3 months last year, it has completed a double top and has never look back ever since, doing a one year long decline that knows no bottom. That is, until today, Hyflux has reached a critical point which will determine its revival. If it bounces up from 2.04 and exceed 2.20 in the coming weeks, a double bottom formation would give it momentum to seek out 2.38 and beyond. Will it once again regain its status as a market darling in the minds of investors? Hyflux - It's So Clear ..
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