Karoon Turbocharged March 28, 2019 Share March 28, 2019 I think this Hyflux episode taught a lot of people that even a star company can also close shop if one or two decisions doesn't go their way. From corporate management perspective, one lesson learned is to keep your business to your core expertise. The thing about Tuaspring project is that they have the idea of bidding really low (to win the project) , and then selling the excess power from the power plant to cover the low water selling price to PUB. It was a brilliant idea, only problem is, they are no expert in power plant business. As such, they fail to realise that energy business is a cyclical one, and that energy prices can fall and affect their overall profitability especially when their low water price is dependent on the energy prices to give it a "lift". In short, by structuring their bid that way, Hyflux has indirectly entered NOT into water business (which they are great at) but into a power plant business (which they are not good at). It was really an episode of over-confident, over-sight and losing focus of their core competency. What surprise me however is that there are many parties involved in this....from auditors, bankers, regulators, board of directors, and Hyflux management. Nobody saw the cyclical nature of energy business and analyse the worst case scenario of possible energy prices and ask if that can cover the low selling price of water? ok u guys ready for the truth? whose fault is this? can u handle the truth? its YOUR fault. All u guys who kpkb about a 10m population. All you forummers and internet characters. because hyflux build the plant with the conviction that a 10m population, as per the white paper, would sustain demand. but u guys screwed it all up. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
Karoon Turbocharged March 28, 2019 Share March 28, 2019 (edited) double post Edited March 28, 2019 by Karoon Link to post Share on other sites More sharing options...
PSP415 Supersonic March 28, 2019 Share March 28, 2019 ok u guys ready for the truth? whose fault is this? can u handle the truth? its YOUR fault. All u guys who kpkb about a 10m population. All you forummers and internet characters. because hyflux build the plant with the conviction that a 10m population, as per the white paper, would sustain demand. but u guys screwed it all up. Walau like that oso can ah. Cannot be lah. All beri clear signs got many many many many many coming in, some say very very very very very quietly, somemore 3 Link to post Share on other sites More sharing options...
Icedbs Turbocharged March 28, 2019 Share March 28, 2019 ok u guys ready for the truth? whose fault is this? can u handle the truth? its YOUR fault. All u guys who kpkb about a 10m population. All you forummers and internet characters. because hyflux build the plant with the conviction that a 10m population, as per the white paper, would sustain demand. but u guys screwed it all up. Yes, Sir.... SMRT also our fault because we overload the trains during peak hours causing rapid wear and tear 2 Link to post Share on other sites More sharing options...
Loki Supersonic March 28, 2019 Share March 28, 2019 When Hyflux issued the perps, my then idiot RM asked me to buy. I told him to F*** off and asked the bank for a new RM, 4 Link to post Share on other sites More sharing options...
1fast1 Supersonic March 28, 2019 Share March 28, 2019 Yes, Sir.... SMRT also our fault because we overload the trains during peak hours causing rapid wear and tear Of course! You donno meh? As sinkie peasants, it's our duty to stand aside and let the honoured FTs enjoy the fruits of our fathers' and grandfathers' labour. We mustn't overcrowd the world class MRT, giving FTs priority. If the MRT breaks down it must be our fault since neither the godly FTs nor our whiter than white masters can ever do any wrong. We should all just quietly serve NS without complaint and also offer them our jobs too since they honour us by even glancing at our derisory offerings and daft, ungrateful faces. All hail the FTs! All hail the whiter than whites!! 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic March 28, 2019 Share March 28, 2019 You must be joking [laugh] I also know unlikely to happen ..... but I think many poor small investors (retirees) kana bite. 7 Link to post Share on other sites More sharing options...
Ender Hypersonic March 28, 2019 Share March 28, 2019 (edited) I think this Hyflux episode taught a lot of people that even a star company can also close shop if one or two decisions doesn't go their way. From corporate management perspective, one lesson learned is to keep your business to your core expertise. The thing about Tuaspring project is that they have the idea of bidding really low (to win the project) , and then selling the excess power from the power plant to cover the low water selling price to PUB. It was a brilliant idea, only problem is, they are no expert in power plant business. As such, they fail to realise that energy business is a cyclical one, and that energy prices can fall and affect their overall profitability especially when their low water price is dependent on the energy prices to give it a "lift". In short, by structuring their bid that way, Hyflux has indirectly entered NOT into water business (which they are great at) but into a power plant business (which they are not good at). It was really an episode of over-confident, over-sight and losing focus of their core competency. What surprise me however is that there are many parties involved in this....from auditors, bankers, regulators, board of directors, and Hyflux management. Nobody saw the cyclical nature of energy business and analyse the worst case scenario of possible energy prices and ask if that can cover the low selling price of water? I just read that they screwed up their water plant too by not meeting the both quality and quality. That is the main reason PUB wants to take back the plant. Meeting the quality and quantity is essential part of our survival. So it seems that they are not good in water business either. Edited March 28, 2019 by Ender 2 Link to post Share on other sites More sharing options...
Pocy Hypersonic March 28, 2019 Share March 28, 2019 How come so much confidence in the company then? The CEO’s success story is like fairy tale leh I read. Any link or connection? 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic March 28, 2019 Share March 28, 2019 When Hyflux issued the perps, my then idiot RM asked me to buy. I told him to F*** off and asked the bank for a new RM, I bo RM, so didn't even have chance to be conned.... 2 Link to post Share on other sites More sharing options...
BenTong Turbocharged March 28, 2019 Share March 28, 2019 Met a rather passionate fellow today who blames the gov for sabotaging the company. That this Sat protest is damn day Chi.. I asked him you got $$$ invested huh? He responded .. nope.. I pity the CEO and the company kena played.. and gov must compensate the shareholders.. Many ppl many perspectives many agenda.. all I can say.. 1 Link to post Share on other sites More sharing options...
Soya Supersonic March 28, 2019 Share March 28, 2019 I bo RM, so didn't even have chance to be conned.... Lucky u. I siam my RM coz always suggest buy this buy that. The good RM serve the ultra HNW clients like T2 so i probably get the all the freshies or part timers Link to post Share on other sites More sharing options...
Volvobrick Supersonic March 28, 2019 Share March 28, 2019 How come so much confidence in the company then? The CEO’s success story is like fairy tale leh I read. Any link or connection? Always be careful when "market darling" is used to describe a counter, or its CEOs. Hyflux is just the latest one, before that there were Accord Customer Care, Citiraya... Just stick to normal human "darlings", won't lose your pants. (or rather you can put them back on...) 2 Link to post Share on other sites More sharing options...
Karoon Turbocharged March 28, 2019 Share March 28, 2019 Of course! You donno meh? As sinkie peasants, it's our duty to stand aside and let the honoured FTs enjoy the fruits of our fathers' and grandfathers' labour. We mustn't overcrowd the world class MRT, giving FTs priority. If the MRT breaks down it must be our fault since neither the godly FTs nor our whiter than white masters can ever do any wrong. We should all just quietly serve NS without complaint and also offer them our jobs too since they honour us by even glancing at our derisory offerings and daft, ungrateful faces. All hail the FTs! All hail the whiter than whites!! went to pick up my wife the other day. i was early so waited at her building lobby.Saw her came out of lift, she's the only one different surrounded by FTs, male and female, of the same skin tone. She said these are all new colleagues. Her company (like many) going big on digital so recruit all this kind. And this is not at cbp or mbfc... 1 Link to post Share on other sites More sharing options...
Enye Hypersonic March 28, 2019 Share March 28, 2019 I bo RM, so didn't even have chance to be conned.... i also don't have....then again i am just a peasant storeman got one day i heard a chairman of a listed company complained.....that his xmm rm parked her much more luxurious car beside his company car and carried $20k hermes bag to meet him he didnt dare put much money with the rm naturally 1 Link to post Share on other sites More sharing options...
Pocy Hypersonic March 28, 2019 Share March 28, 2019 i also don't have....then again i am just a peasant storeman got one day i heard a chairman of a listed company complained.....that his xmm rm parked her much more luxurious car beside his company car and carried $20k hermes bag to meet him he didnt dare put much money with the rm naturally Hi Chairman ......... 6 Link to post Share on other sites More sharing options...
Ichibawa 5th Gear March 28, 2019 Share March 28, 2019 My work place is opposite Hyflux and I keep seeing expensive and new cars coming out from its car park and kept wondering why are they still paying their workers so well when the coy is in deep shit. Maybe it is from other offices that rents the same building. I don't know but there are a lot of expensive car in their car park. 1 Link to post Share on other sites More sharing options...
Carbon82 Moderator March 28, 2019 Share March 28, 2019 I bo RM, so didn't even have chance to be conned.... Why you have no RM? I still have 700 RM (~S$233.33) ↡ Advertisement 10 Link to post Share on other sites More sharing options...
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