Can anyone tell me why does Hyflux’s share prices, with all its growth and profits are heading down instead of up ?

Seriously, this has been puzzling me for the past 1 week. The share prices of Hyflux on the SGX keeps going down from over $3.00 down to $2.72 and counting. Why is this so?

With 83% rise in net profits, expanding business influence in China and the Middle East and a healthy cash flow aren’t these signs of a good company? or is there more then beats the eye

Does anyone has the answer and are willing to share ?

Hyflux Information
SGX (Singapore Stock Exchange)