Hyflux Ltd – Annual Report 2009

Founded in 1989, Hyflux is a water solutions company that builds and constructs desalination, water recycling projects particularly in China, India and the Middle East and North Africa (MENA) region. For 2009, it ended the year with an order book of $1.8 billion, which was 20% higher than at the start of the year.

 

The following key indicators were extracted from the annual report of Hyflux Ltd for the year ended 31 December 2009.

 

 

2009

Change over 2008

Turnover

$524m

-5%

Profit to shareholders

$75 m

+27%

Earnings per share

14.26¢

+27%

Dividend per share

+46%

Dividend yield

1.4%

 

Return on equity (ROE)

20.5%

 

Net Gearing ratio (times)

0.6

 

Net Assets per share

69.10¢

+22%

Price to Book ratio

5.13

 

Share Price at 31/12/09

$3.55

+96%

 

On the whole the company achieved good positive results with profits attributable to shareholders increasing by 27 per cent last year. The order book for the future operations increased by 20 per cent to $1.8 billion. As a growth company, shareholders were willing to pay more than 5 times the net asset per share as at end of 2009. Shares of Hyflux had been steadily increasing since the end of 2008 when the global financial crisis started to hit nations worldwide. By the end of last year, the share price had nearly doubled.

 

Copyright © 2010, the author known as LKT in Singapore.

 

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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