OCBC Investment Research has ceased coverage on water and energy solutions provider Hyflux.
"Due to the still muted medium-term prospects as well as a reshuffling of internal resources, we are ceasing coverage on the company," says OCBC lead analyst Carey Wong in a report on Aug 5.
In 2Q, Hyflux's net profit after tax (NPAT) dived 90% y-o-y to $2.6 million.
"After adjusting for perpetual securities dividend, it would have posted a net loss of 1.6 cent per share, versus an EPS of 1.7 cent in 2Q15," Wong says.
More Update - [b]Equities Trading Signals , Equities Trading Tips & Equity Recommendations . .
"Due to the still muted medium-term prospects as well as a reshuffling of internal resources, we are ceasing coverage on the company," says OCBC lead analyst Carey Wong in a report on Aug 5.
In 2Q, Hyflux's net profit after tax (NPAT) dived 90% y-o-y to $2.6 million.
"After adjusting for perpetual securities dividend, it would have posted a net loss of 1.6 cent per share, versus an EPS of 1.7 cent in 2Q15," Wong says.
More Update - [b]Equities Trading Signals , Equities Trading Tips & Equity Recommendations . .
Singapore Stocks Market Update : OCBC ends coverage of Hyflux as prospects dry up
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