Back from my overseas trip and a quick update for Hyflux.
A possible swing trade back to the $3.20-$3.40 area with a cut loss below the $3 mark.
Valuation wise, it is trading at EV/EBITDA of 17.6x and PE of 21.3x for FY2010F and EV/EBITDA 13.1x and PE of 18.7x for FY 2011F at today’s closing price. Not exactly cheap.
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