15 March Stocks to buy - Hyflux
Hyflux has been awarded a $43.8 million contract by Tuas Power Unit to undertake EPC work for Tembusu Seawater desalination Plant on Jurong Island. As of Dec 2009, Hyflux order book is already $1,848 million and the latest win just adds on to the current order book.
Technically, stock need to break $3.66 to reach $4.0. This consolidation zone has been developed since Jan till now for 2 mths. A break above $3.66 would be bullish for the next run.
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