by: Tam Ging Wien
– Years of Profits Did Not Translate to Cash Flows
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This week, we decided to take a look at a company which hasn’t really been on investor’s radar lately. We have noted a general absence of coverage of Hyflux Ltd (Hyflux, SGX:600) in the media and decided to break the media silence regarding this well know company.
Source: Hyflux Ltd Annual Reports
The first thing we note about Hyflux is its patchy revenue trend. This is understandable …