For layman on the street who doesn't know how to read financial statements, how to avoid another Hyflux type of incident? ?

Covered the Hyflux case story and how to avoid the same thing here: https://www.sgbudgetbabe.com/2019/02/how-to-inv...

Hope that helps!

First, you can choose to learn how to read them. Second, diversify your investments so that even if one or two failed, you wont be affected very badly. Third, always do some research before investing. Some lost money in Hyflux because they blindly believe others saying that it was a good investment and just went all in.