Below is the chart analysis:
If you havent already noticed. The lowest it went in 2008 was $0.732. This is for me the last support level which if crossed, panic will set in to hyflux shareholders. What is the company doing wrongly? Is its ability to win water projects in the region totally diminished? Are they getting too comfortable and used to low performance level of the company/stock/management, dare i say it, lack of expansion? Are they not able to cope with the cumulative preference shares which they issued @ 6% back in Apr 2011?? Their dividend pay-out has also taken a hit. These are questions that pop into any rational persons mind who has interest in this counter.
It is time to do fundamental analysis on Hyflux again to warrant further investment. Or it is time to accept your losses. We will just have to wait and see where it goes by end of this year, touching close to $0.732 region is "inevitable", just a matter of WHEN and not IF.
