Stock Name: Hyflux
Company Name: HYFLUX LTD
Company Name: HYFLUX LTD
| Research House: CIMB | Price Call: SELL | Target Price: 1.23 |
CIMB Research downgraded Singapore water treatment firm Hyflux to trading sell from neutral and cut its target price to $1.23 from $1.28.
By 10:46 a.m., shares of Hyflux were 3.8% lower at $1.52, but have gained 26% since the start of the year.
By 10:46 a.m., shares of Hyflux were 3.8% lower at $1.52, but have gained 26% since the start of the year.
Hyflux said on Wednesday its net profit for 2011 fell 40% to $53 million, hurt by lower sales as its projects in the Middle East neared completion and the Arab Spring riots
affected new contracts.
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