Hyflux: To negotiate exclusively with potential investor Utico FZC
Hyflux said Friday it will negotiate exclusively with Utico FZC until the developer’s 26 August deadline to reach a definitive agreement for an investment.
Water
China Everbright Water reports 1H19 net profit rose 13 percent
China Everbright Water reported Tuesday its 1H19 net profit rose 13% on-year to HK$420.49M on more higher margin projects.
UPDATE: Singapore stocks to watch Thursday: SIA, SGX, Singtel, Hyflux, Stamford Land, No Signboard
These are Singapore stocks which may be in focus on Thursday, 1 August 2019: SIA, SGX, Hyflux, Singtel, Stamford Land, No Signboard and Soilbuild.
UPDATE: Singapore stocks to watch Wednesday: CRCT, Frasers Hospitality Trust, CapitaLand, Starhill Global REIT
These are Singapore companies which may be in focus on Wednesday, 31 July 2019: CRCT, Frasers Hospitality Trust, CapitaLand, Starhill Global REIT and F&N.
Citic Envirotech reports 2Q19 net profit dropped 66 percent
Citic Envirotech reported Wednesday its 2Q19 net profit dropped 65.6% on-year to S$14.99 million as engineering revenue and membrane system sales fell.
Hyflux clarifies size of potential investment from Utico
Hyflux said Wednesday it sought clarification from Utico after media reports emerged with conflicting valuations for the UAE-based company’s investment.
Koh Brothers Eco JV lands S$668 million contract for Tuas Water Reclamation Plant
A JV between Koh Brothers Eco and China Harbour (Singapore) Engineering has obtained a S$668.2M contract from PUB, the Singapore company said Monday.
Utico and Hyflux reach deal with total S$400 million investment
Troubled water infrastructure player Hyflux said Thursday it reached a deal for Utico FZC to make a S$300 million equity investment and a S$100 million loan.
UPDATE: Singapore stocks to watch Tuesday: SembMarine, Temasek, Frasers Property, Prime US REIT
These are Singapore companies which may be in focus on Tuesday, 9 July 2019: SembMarine, Temasek, Frasers Property and Prime US REIT.
China Everbright Water lands three environmental protection projects
China Everbright Water obtained three environmental protection projects requiring a total investment of around CNY340M, the water infrastructure player said Thursday.
UPDATE: Singapore stocks to watch Monday: Banks, CapitaLand, Temasek, Keppel, SIA, Suntec REIT
These are Singapore companies that may be in focus on Monday, 1 July 2019: Banks, Temasek, Singapore Airlines and Hyflux.
China Everbright Water obtains Haimen waste water project
China Everbright Water said Friday it obtained the Haimen Waste Water Treatment Project and upgrading in Jiangsu province.
Hyflux renegotiates 617 million yuan loan facility with Bank of China
Hyflux said Wednesday it renegotiated a CNY617M loan facility agreement between its wholly owned subsidiary, Tianjin Dagang Newspring, and Bank of China.
Singapore stocks to watch Wednesday: Fund manager survey, Sembcorp, SGX, CapitaLand, Hyflux
These are Singapore companies which may be in focus Wednesday, 19 June 2019: BofA-ML fund manager survey, Sembcorp Industries, SGX, CapitaLand and Hyflux.
Hyflux receives new non-binding offer for potential investment
Hyflux said late Friday it has received another non-binding letter of intent for a potential investment, with preliminary due diligence underway.
China Everbright Water lands two projects in Jiangsu province
China Everbright Water said Thursday it obtained two waste-water treatment projects in Jiangsu province with a total investment of around 503.6M yuan.
UPDATE: Singapore stocks to watch Thursday: Singtel, Swiber, Sembcorp, Frasers Centrepoint, Allied Tech
These are Singapore companies which may be in focus on Thursday, 30 May 2019: Singtel, Swiber, Sembcorp Industries, Frasers Centrepoint and Allied Tech.
Hyflux clarifies meeting with Utico
Hyflux clarified Tuesday that its meeting with last week with potential investor Utico included “no conclusive numbers” or finalised deal.
China Everbright Water obtains Tongxiang drinking water protection project
China Everbright Water landed a drinking-water source project in Zhejiang province, which requires an investment of around 1.253 billion yuan.
UPDATE: Singapore stocks to watch Tuesday: SGX, Keppel REIT, China Everbright Water, Citic Envirotech
These are Singapore companies which may be in focus on Tuesday, 28 May 2019: SGX, Keppel REIT, China Everbright Water and Citic Envirotech.
China Everbright Water lands Nanjing Industrial Waste Water Project Phase II
China Everbright Water said Monday it obtained Nanjing Industrial Waste Water Project Phase II, which requires an investment of around 859 million yuan.
DBS: China Everbright Water’s growth potential is ‘underappreciated’
China Everbright Water’s double-digit pace of earnings growth and attractive valuations signal it is underappreciated by the market, DBS said.
Singapore PUB: Taking over Tuaspring Desalination Plant
Singapore’s national water agency PUB said it will take over Hyflux’s Tuaspring Desalination Plant, after it terminated the water purchase agreement.
China Everbright Water reports 1Q19 net profit rose 16 percent
China Everbright Water reported Wednesday its first quarter net profit increased 16 percent on-year to HK$206.35 million as construction revenue increased.
Hyflux: Potential investor interested in acquiring Algeria and Oman assets
Hyflux said Wednesday it received interest from an investor interested in acquiring certain assets in Algeria and Oman and in the Middle East and North Africa.
Hyflux: Did not enter into binding term sheet with Utico
Hyflux has received a binding offer from UAE-based Utico, but has not accepted or entered into a binding deal, the Singapore water player said Tuesday.
Utico submits binding offer to invest S$400 million in Hyflux: Reuters
Utico provided Hyflux a binding offer for a S$400M investment, Richard Menezes, the CEO of the UAE-based company, said Sunday, Reuters reported.
Hyflux: Oyster Bay Fund weighing investment of up to S$500 million
Hyflux said Friday it received a non-binding letter of intent from Oyster Bay Fund, which proposed an investment of up to S$500 million.
