Hyflux kept at 'hold' with 96 cents fair value by OCBC

Stock Name: Hyflux
Company Name: HYFLUX LTD

Research House: OCBC

Price Call: HOLD

Target Price: 0.96

SINGAPORE (May 21): OCBC Investment Research is maintaining its "hold" call on water company Hyflux with a fair value of 96 cents.

In a report out today, analysts Carey Wong and Andy Wong noted that Hyflux has been appointed the designer and technology provider for a potable water plant at Pun Hlaing Gold Estate in Myanmar.

The project, while small with a treatment capacity of 1,000 cubic metres per day, could open more opportunities for Hyflux and Yoma to cooperate on future projects in Myanmar.

Pun Hlaing Gold Estate is developed by Yoma Strategic Holdings.