Once a stock is suspended voluntarily, u know they are just buying some time. Nothing good ever comes out from a company doing that. Mark my words.
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one-time highflux is now lowflux - may go belowflux
- Thread starter eatshitndie
- Start date
Olam was in similar situation, crashed by the interests of their debts.
So having CITIC or GIC taking over Hyflux will reverse the situation overnight.
They will take over Hyflux and make existing shares worthless. Is there a rally of shareholders to throw things at the PAP?
Their COO has just resigned today for "personal reasons".
I like the way Olivia tries to spin what is essentially a Chapter 11 bankruptcy reorganization into some sort of strategic vision and business acumen that she has proactively executed to bring Hyflux to greater heights. She spent the first half of the public statement self-praising with irrelevant nonsense like how much "growth" they generated in the past. If the CEO cannot even be straight with creditors and shareholders on the obvious truth that everyone can see, how does she expect anyone to have confidence in her leadership?
Looking at the troubles that Hyflux has gotten into under her stewardship and this sort of face saving denial response in the face of a corporate disaster, I wonder if creditors and shareholders are better off appointing new management while the reorganization is taking place.
I like the way Olivia tries to spin what is essentially a Chapter 11 bankruptcy reorganization into some sort of strategic vision and business acumen that she has proactively executed to bring Hyflux to greater heights. She spent the first half of the public statement self-praising with irrelevant nonsense like how much "growth" they generated in the past. If the CEO cannot even be straight with creditors and shareholders on the obvious truth that everyone can see, how does she expect anyone to have confidence in her leadership?
Looking at the troubles that Hyflux has gotten into under her stewardship and this sort of face saving denial response in the face of a corporate disaster, I wonder if creditors and shareholders are better off appointing new management while the reorganization is taking place.
I lost a lot. But got appx 30000 + CPF nominees die with me,
I must resign to fate.
This COO is useless, company crashed since his tenor a few years ago. I knew him since my manufacturing days when i rubbed shoulders with boss sam, that manufacturer also downsized during his leadership. Good riddance.
As for Olivia, she got too much emotions attached to Hyflux. Tuaspring was her most important baby, but led to her downfall. She couldn't bear to let go earlier. She also can't bear to let go of Tuas WTE (a better project with Mitsubishi).
Hyflux is quite unlike other companies. It is dealing with a strategic resource for Singapore. I don't think Hyflux will become bankrupt. There will be a white knight for the company. Can't say the same for the shareholders though.
He was told to leave. How to let go WTE when it is still in progress?
There have been a string of high profile failures by local CEOs... What's wrong with our top dogs these days? Just wondering.
SMRT, hyflux, nol, sph, kepple all in recent times. Creative crashed and burned long ago. Razer not doing too well since IPO. Breadtalk also consolidating.
Is it the economy doing so badly or our CEOs lagging?
Besides the banks, no one else seems to be thriving.
SMRT, hyflux, nol, sph, kepple all in recent times. Creative crashed and burned long ago. Razer not doing too well since IPO. Breadtalk also consolidating.
Is it the economy doing so badly or our CEOs lagging?
Besides the banks, no one else seems to be thriving.
the problem can be linked to the Sgp Inc. Brand. Investors are avoiding this Brand. correct me if i wrong :(
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Synonymous with the company, its founder and group chief executive Olivia Lum, who is also executive chairman, has over the years built a steady record and propelled the firm to global prominence, with operations and projects spanning the Asia-Pacific, Middle East, Africa and the Americas.
Despite her stellar record, observers have raised questions over whether corporate governance and risk management practices had been adequate.
Assoc Prof Loh, who is director of the NUS Business School's Centre for Governance, Institutions and Organisations, pointed out that Hyflux's risk management committee met only once in the 2017 financial year.
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Then there is also the issue of whether Hyflux's board of directors had asked the right questions and challenged corporate decisions in the face of a dominant figure like Ms Lum, who has "strong ideas and a strong mind", said Assoc Prof Mak.
He noted that in companies helmed by founders, there was the chance that the founders would either fail to listen to the views of their directors or do not have the "right kind of directors" serving on their boards, because they want to push their ideas through.
Hyflux's eight-member board includes two former employees. Non-executive independent director Christopher Murugasu was Hyflux's senior vice-president for corporate services and Mr Gary Kee, a non-executive non-independent director, was its executive director overseeing areas such as corporate finance and information technology.
More at https://www.prolificcrap.com/forum/current-affairs/hyflux-s-fall-from-grace-what-went-wrong
Despite her stellar record, observers have raised questions over whether corporate governance and risk management practices had been adequate.
Assoc Prof Loh, who is director of the NUS Business School's Centre for Governance, Institutions and Organisations, pointed out that Hyflux's risk management committee met only once in the 2017 financial year.
................
Then there is also the issue of whether Hyflux's board of directors had asked the right questions and challenged corporate decisions in the face of a dominant figure like Ms Lum, who has "strong ideas and a strong mind", said Assoc Prof Mak.
He noted that in companies helmed by founders, there was the chance that the founders would either fail to listen to the views of their directors or do not have the "right kind of directors" serving on their boards, because they want to push their ideas through.
Hyflux's eight-member board includes two former employees. Non-executive independent director Christopher Murugasu was Hyflux's senior vice-president for corporate services and Mr Gary Kee, a non-executive non-independent director, was its executive director overseeing areas such as corporate finance and information technology.
More at https://www.prolificcrap.com/forum/current-affairs/hyflux-s-fall-from-grace-what-went-wrong
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why Razer listed in Hk instead of Sgx ???
why Razer listed in Hk instead of Sgx ???
even malaysian bourses are outperforming sgx. truths be known sgx remisiers and dealers are mainly trading overseas exchanges
Never ever buy Singapore stocks. Most are shit.
I rather buy US stocks. At least real market w real demand. Not some faking lame ass shit exchange like Singapore, can suka suka just suspend! Luckily i never buy Sinkie stocks!
I rather buy US stocks. At least real market w real demand. Not some faking lame ass shit exchange like Singapore, can suka suka just suspend! Luckily i never buy Sinkie stocks!
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