On May 9, Federal International (2000) : BDU +3.57% substantial shareholder Yafin Tandiono Tan acquired 1,178,300 shares at an average price of S$0.17 apiece. This increased his direct interest from 11.24 to 12.08 per cent. It closely follows Tan&rsquo s interest in the integrated service provider and procurement specialist in the oil and gas, and energy industries, surpassing the 10 per cent threshold on May 2.

 

Director filings across financials, real estate and Singapore&rsquo s largest private dental group

Back on Feb 28, Federal International (2000) highlighted that it remains cautiously positive about the outlook of its businesses as regional oil and gas activities stay resilient despite global geopolitical and macroeconomic uncertainties. The group added that will continue to forge strategic collaborations in the region to build up the order book for engineering, procurement, fabrication and construction, installation and commissioning (EPCIC) of offshore oil and gas platforms.

 

In FY 2024 (ended Dec 31), the group actively implemented consolidation plans by divesting less profitable businesses and markets to focus on growing trading activities, particularly in the regional distribution of flowline control products and fire detection systems. These were among the strategic moves that enabled the group to turn around and reverse its FY 2023 attributable net loss of S$18.0 million to return to the black with FY 2024 attributable net profit of S$3.9 million.

 

This was also despite revenue for FY 2024 declining 12 per cent from FY 2023 to S$44.3 million. This decline was due to lower sales in China following the disposal of Federal International (Shanghai) in Q1 FY2024 and the end of charter income from an Indonesia land drilling rig in December 2023. These were partially offset by higher revenue attained through equipment rental in Vietnam and trading business in Thailand. The group also has plans to expand into the high growth Vietnam and Thailand markets for its flowline control products and procurement businesses.

On Dec 29, Federal International (2000) : BDU 0% executive chairman and CEO Koh Kian Kiong acquired 149,600 shares for a consideration of S$18,452. At an average price of S$0.123 per share, this took his total interest from 20.51 per cent to 20.61 per cent. His preceding acquisition was back in December 2021, with 200,000 shares acquired at S$0.109 per share. Koh is one of the founders of the group and has more than 47 years of experience in the oil and gas industry. He oversees the formulation of the group&rsquo s corporate strategies and business expansion plans and continues to be instrumental to the group&rsquo s continued success and growth.

 

For its FY22 (ended Dec 30), the oil, gas, and energy integrated service provider and procurement specialist reported revenue surged 126 per cent to S$135 million from FY21, mainly due to improved sales from the trading business, which was contributed by a project with PT Gunanusa Utama Fabricators (PTG) in Indonesia. For its H1FY23, the group revenue of S$29 million was lower than the S$91 million revenue in H1FY22 because of lower sales from the trading segment in Indonesia after the completion of the project with PTG in FY22.

 

This was partially offset by higher sales from the trading segment in Thailand. According to Federal International (2000), its trading segment provides a range of products and services in the areas of oil and gas, power, petrochemical, and pharmaceutical industries. These include assembly and distribution of flowline control products, distribution of oilfield drilling equipment for use on onshore and offshore rigs and drilling platforms, provision of complete fire protection and detection systems, as well as electrical products. The company highlighted that while the H1FY23 gross profit of S$7.9 million was lower than the H1FY22 gross profit of S$11.6 million, in line with the lower sales recorded in H1FY23, its gross profit margin was higher at 27.6 per cent in H1FY23, compared to 12.7 per cent in H1FY22.

 

On Dec 6, Federal International (2000) Federal Int: BDU -0.92% (Federal) executive chairman and CEO Koh Kian Kiong acquired 200,000 shares of the listed company for a consideration of S$21,800.

 

At an average price of 10.9 cents per share, this took his total interest in Federal from 20.37 per cent to 20.51 per cent.

 

This was Koh' s first filed acquisition of Federal shares since Oct 21, 2020.

 

He is one of the founders of the group and has more than 46 years of experience in the oil and gas industry.

 

On Nov 11, Federal International (2000) Federal Int: BDU -6.09% executive director Maggie Koh acquired 100,000 shares of the company at 11.5 cents per share.

 

With a consideration of S$11,500, the acquisition took her direct interest in the integrated service provider and procurement specialist in the O& G and energy industries, from 0.3 per cent to 0.4 per cent.

 

On Oct 7, Federal International (2000) (Federal) executive chairman and CEO Koh Kian Kiong acquired 207,200 shares of the listed company for a consideration of S$32,738.

 

At an average price of 15.80 cents per share, this took his total interest in Federal from 20.04 per cent to 20.19 per cent.

 

Mr Koh' s total interest in Federal has gradually increased from 15.77 per cent at the beginning of 2016.

 

Mr Koh is one of the founders of the group and has more than 45 years of experience in the oil and gas industry.

 

He oversees the formulation of the group' s corporate strategies and expansion plans.

 

Between Aug 27 and 28, Federal International (2000) (Federal) executive chairman and CEO Koh Kian Kiong acquired 285,000 shares of the listed company for a consideration of S$46,413.

 

At an average price of 16.29 cents per share, this took his total interest in Federal from 19.84 per cent to 20.04 per cent.

 

His total interest in Federal has gradually increased from 15.77 per cent at the beginning of 2016.

 

Mr Koh is one of the founders of the group and has more than 45 years of experience in the oil and gas industry.

 

He oversees the formulation of the group' s corporate strategies and expansion plans and holds directorships in various subsidiaries and associated companies of the group.

 

Between July 2 and July 7, Federal International (2000) executive chairman and CEO Koh Kian Kiong acquired 74,700 shares of the listed company for a consideration of S$12,700. At an average price of 17 cents per share, this took Mr Koh' s total interest in Federal from 19.78 per cent to 19.83 per cent. Mr Koh' s total interest in Federal has gradually increased from 15.77 per cent at the beginning of 2016.

 

Mr Koh is one of the founders of the group and has more than 45 years of experience in the oil and gas industry. Mr. Koh oversees the formulation of the group' s corporate strategies and expansion plans and holds directorships in various subsidiaries and associated companies of the Group.

Federal International (2000)

 

Between May 28 and June 2, Federal International (2000) (Federal) executive chairman and chief executive Koh Kian Kiong acquired 34,900 shares of the listed company for a consideration of S$6,431.

 

At an average price of 18.4 cents per share, this took his total interest in Federal from 19.73 per cent to 19.76 per cent.

 

His total interest in Federal has gradually increased from 15.77 per cent at the beginning of 2016.

 

Mr Koh is one of the founders of the group and has more than 45 years of experience in the oil and gas industry. He oversees the formulation of the group' s corporate strategies and expansion plans and holds directorships in various subsidiaries and associated companies of the group.