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Joelton
Supreme |
19-May-2022 10:29
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Alpina: Building resilient, multi-pronged growth
Building engineering and maintenance services veteran Low Siong Yong has come a long way since leaving his hometown in Melaka to seek a better future. From young, Low learnt the principles of hard work and determination from his father, who worked two jobs to make ends meet for the family of nine children.
 
&ldquo To supplement his income as a rubber tapper, my father would wake up at 3am every day to help my mother prepare handmade steamed paus for sale in the coffeeshops, and never once complained about being tired, in order to put food on the table for us,&rdquo recalls Low, the executive chairman and CEO of Singapore Exchange-listed contractor Alpina Holdings.
 
&ldquo It was my father who taught me the importance of developing a strong work ethic, to persevere and work hard to achieve my goals.&rdquo
 
Such experiences helped Low to cultivate a strong entrepreneurial spirit. Watching parents toil to support the family, he developed a clear goal early on to become his own boss, so that he could buy a Mercedes-Benz for his father to enjoy.
 
After completing his O-Level exams, Low became an electrician apprentice. When the opportunity arose, he came to Singapore in 1993, with a few hundred dollars in his pocket, hoping to realise his childhood ambition and build a promising future for himself.
 
The journey was a long and arduous one &mdash he had to start from scratch again because of the different regulations and standards for electrical systems in Singapore.
 
As an apprentice, hierarchy was everything. &ldquo In the lorry, our supervisor is the driver, and his second-in-command would sit in the passenger seat. Because I was just an apprentice, I had to sit in the back, exposed to all the elements &mdash either baking in the hot sun or lashed by cold rain during stormy weather,&rdquo Low recalls.
 
&ldquo I was determined to earn my right to sit in the front passenger seat, and so with a single-minded focus, I put in long hours to learn my trade, never shying away from asking questions, and within eight months, I was finally promoted to be the second-in-charge.&rdquo
 
But Low did not stop there. He continued to upgrade and upskill himself over the next several years, first by obtaining a National Technical Certificate Grade 3 in Electrical Installation and Servicing from the Institute of Technical Education, then a Skills Evaluation Certificate in Electrical Wiring Installation from Singapore&rsquo s Construction Industry Development Board, and finally, a Building Construction Supervisors Safety Course Certificate from the Ministry of Manpower.
 
Following these cumulative efforts, he was eventually promoted to supervisor.
 
&ldquo I&rsquo m a simple person at heart &mdash when I first started out with low qualifications, I realised I needed to put in extra effort to continuously learn and acquire new skills and build up my reputation,&rdquo he recounts. &ldquo However, I also knew that at some point, I would reach a ceiling if I did not chart my own path in the industry.&rdquo
 
From the ground up
 
So Low took the plunge to venture out on his own, setting up a sole proprietorship that handled electrical works, as well as electrical maintenance and installation projects. He later roped in former colleague Tai Yoon On to run the business with him.
 
The road ahead remained bumpy as there were several instances where payments were delayed for months and client receivables started piling up although projects were completed on time. &ldquo Though I was a boss, I didn&rsquo t draw down a fixed salary for a long time when I started the business,&rdquo he recalls.
 
&ldquo In fact, my co-founder Tai and I took on a second job as emergency maintenance service crew, operating from 7pm to 12am, so that we could earn some additional income to sustain our day-to-day business operations.&rdquo
 
With a growing track record, the group&rsquo s business started to expand, but the pair continued to face numerous challenges and hurdles. At the same time, they remain grateful to and encouraged by their benefactors, who have provided them with opportunities and various forms of assistance over the years. &ldquo I believe that when one is willing to learn and has a positive attitude, others will help,&rdquo he added.
 
To stay ahead of Singapore and the region&rsquo s corporate and economic trends, click here for Latest Section
 
Having worked his way up from the bottom, Low places a premium on staff welfare. &ldquo What must come first is the welfare and well-being of my workers, who are usually foreigners,&rdquo he says.
 
&ldquo I also left my hometown at an early age and had to work hard in a new environment to get to where I am today. I understand their struggles and challenges because I&rsquo ve experienced them myself. So no matter how difficult the circumstances are, I will ensure my workers get paid first and promptly,&rdquo he adds.
 
&ldquo And when my workers know their welfare is being taken care of, they will also devote themselves wholeheartedly to our clients&rsquo projects. This is very important in our line of work because our staff are at the frontline, and if projects are not completed to customers&rsquo satisfaction and expectations, our reputation will be at stake. So this is a win-win situation for all of us!&rdquo
 
Indeed, this policy has enabled the company to grow from strength to strength. From its early days as a struggling sole proprietorship, Alpina has now come into its own.
 
Listed on SGX Catalist in January this year, the group has amassed an operating history spanning more than 17 years, specialising in integrated building services (IBS), mechanical and electrical (M& E) engineering services, as well as alteration and addition (A& A) works for both private and public sector projects.
 
The group holds 15 Workhead registrations and two builder licences with the Building and Construction Authority (BCA) as at Dec 20, 2021. Among these, it has attained the highest grading of L6 for its registration under the ME15 (Integrated Building Services) and ME05 (Electrical Engineering) Workheads, which allow the group to undertake projects in the public sector with no tendering limits and no project value limits under the respective Workheads.
 
Serving predominantly public sector customers, Alpina recently achieved a record set of results for FY2021, with revenue increasing by 36.8% to S$51.89 million and net profit surging by 84.0% to S$9.28 million.
 
Looking ahead, Low plans to expand the scale of the group&rsquo s existing businesses &mdash IBS, M& E engineering services as well as A& A works &mdash by boosting manpower and equipment resources, in order to take on more and higher value projects.
 
Alpina has also extended its scope of services and obtained registration of the FM01 (Facilities Management) Workhead Grade M3 in 2020. &ldquo This enables us to tender directly for integrated facilities management [IFM] projects of up to S$10 million from the government or statutory bodies,&rdquo Low adds.
 
In addition, the group is on the hunt for acquisitions &mdash such as in cleaning, landscape, security and pest control services &mdash to improve its portfolio of IFM offerings. This will further enhance its value proposition to customers and boost revenue streams.
 
Diversifying into renewables
 
Renewable energy is another growth driver. Alpina&rsquo s wholly owned subsidiary Digo Corp and Terrenus Energy have been jointly awarded a 70 megawatt-peak (MWp) project to install solar panels across 1,198 HDB blocks and 57 government sites, as well as smart electrical sub-meters at these residential areas to monitor and analyse energy consumption patterns. Installation of the panels is expected to begin in the third quarter of 2022 and complete by the first quarter of 2025.
 
This project is the sixth solar leasing tender under the SolarNova programme, a whole-of-government effort led by the Economic Development Board and Housing Board to accelerate the deployment of solar photovoltaic systems in Singapore.
 
&ldquo Solar energy is the most promising renewable energy source for electricity generation, and serves as an important part of Singapore&rsquo s efforts to de-carbonise its energy usage,&rdquo Low points out.
 
&ldquo Securing this solar leasing tender is a significant milestone for us, and together with our joint venture partner, we&rsquo re pleased to be able to contribute meaningfully to the acceleration of Singapore&rsquo s renewable energy market.&rdquo
 
Building on this momentum, the group is well-positioned to be an enabler for green energy, and aims to develop new capabilities within the renewable energy value chain to meet its environmental, social and governance (ESG) targets, Low adds.
 
Work, naturally, is Low&rsquo s first love. But when the 49-year-old father of two is out of the office, besides spending time with his family, he is focused on his second passion &mdash cycling.
 
&ldquo Running a successful business, and riding a bike, are in fact quite similar. As Albert Einstein once put it: &lsquo To keep your balance, you must keep moving,&rsquo &rdquo he quotes.
 
&ldquo Just get on the bike, experience the journey, learn and pivot from your mistakes, and continue pressing ahead.&rdquo
 
Truly, perseverance is one value that has been ingrained in Low&rsquo s character from youth. &ldquo Because I don&rsquo t have a strong academic background, I need to put in extra effort and work extremely hard as compared to others,&rdquo he says.
 
&ldquo Sometimes it may yield little result, and that can be demoralising, but based on my years of experience, I&rsquo ve learnt that with optimism and determination, demonstrating integrity, resourcefulness and foresight, I am confident of achieving my goals for Alpina by forging ahead together with my team.&rdquo
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WBdisciple
Elite |
19-May-2022 09:45
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Alpina Holdings: Building resilient, multi-pronged growth
https://www.theedgesingapore.com/news/kopi-c-company-brew/alpina-building-resilient-multi-pronged-growth
Building engineering and maintenance services veteran Low Siong Yong has come a long way since leaving his hometown in Melaka to seek a better future. From young, Low learnt the principles of hard work and determination from his father, who worked two jobs to make ends meet for the family of nine children.  
&ldquo To supplement his income as a rubber tapper, my father would wake up at 3am every day to help my mother prepare handmade steamed paus for sale in the coffeeshops, and never once complained about being tired, in order to put food on the table for us,&rdquo recalls Low, the executive chairman and CEO of Singapore Exchange-listed contractor Alpina Holdings.
 
&ldquo It was my father who taught me the importance of developing a strong work ethic, to persevere and work hard to achieve my goals.&rdquo
 
Such experiences helped Low to cultivate a strong entrepreneurial spirit. Watching parents toil to support the family, he developed a clear goal early on to become his own boss, so that he could buy a Mercedes-Benz for his father to enjoy.
 
After completing his O-Level exams, Low became an electrician apprentice. When the opportunity arose, he came to Singapore in 1993, with a few hundred dollars in his pocket, hoping to realise his childhood ambition and build a promising future for himself.
 
The journey was a long and arduous one &mdash he had to start from scratch again because of the different regulations and standards for electrical systems in Singapore.
 
As an apprentice, hierarchy was everything. &ldquo In the lorry, our supervisor is the driver, and his second-in-command would sit in the passenger seat. Because I was just an apprentice, I had to sit in the back, exposed to all the elements &mdash either baking in the hot sun or lashed by cold rain during stormy weather,&rdquo Low recalls.
 
&ldquo I was determined to earn my right to sit in the front passenger seat, and so with a single-minded focus, I put in long hours to learn my trade, never shying away from asking questions, and within eight months, I was finally promoted to be the second-in-charge.&rdquo
 
But Low did not stop there. He continued to upgrade and upskill himself over the next several years, first by obtaining a National Technical Certificate Grade 3 in Electrical Installation and Servicing from the Institute of Technical Education, then a Skills Evaluation Certificate in Electrical Wiring Installation from Singapore&rsquo s Construction Industry Development Board, and finally, a Building Construction Supervisors Safety Course Certificate from the Ministry of Manpower.
 
Following these cumulative efforts, he was eventually promoted to supervisor.
 
&ldquo I&rsquo m a simple person at heart &mdash when I first started out with low qualifications, I realised I needed to put in extra effort to continuously learn and acquire new skills and build up my reputation,&rdquo he recounts. &ldquo However, I also knew that at some point, I would reach a ceiling if I did not chart my own path in the industry.&rdquo
 
From the ground up
 
So Low took the plunge to venture out on his own, setting up a sole proprietorship that handled electrical works, as well as electrical maintenance and installation projects. He later roped in former colleague Tai Yoon On to run the business with him.
 
The road ahead remained bumpy as there were several instances where payments were delayed for months and client receivables started piling up although projects were completed on time. &ldquo Though I was a boss, I didn&rsquo t draw down a fixed salary for a long time when I started the business,&rdquo he recalls.
 
&ldquo In fact, my co-founder Tai and I took on a second job as emergency maintenance service crew, operating from 7pm to 12am, so that we could earn some additional income to sustain our day-to-day business operations.&rdquo
 
With a growing track record, the group&rsquo s business started to expand, but the pair continued to face numerous challenges and hurdles. At the same time, they remain grateful to and encouraged by their benefactors, who have provided them with opportunities and various forms of assistance over the years. &ldquo I believe that when one is willing to learn and has a positive attitude, others will help,&rdquo he added.
 
To stay ahead of Singapore and the region&rsquo s corporate and economic trends, click here for Latest Section
 
Having worked his way up from the bottom, Low places a premium on staff welfare. &ldquo What must come first is the welfare and well-being of my workers, who are usually foreigners,&rdquo he says.
 
&ldquo I also left my hometown at an early age and had to work hard in a new environment to get to where I am today. I understand their struggles and challenges because I&rsquo ve experienced them myself. So no matter how difficult the circumstances are, I will ensure my workers get paid first and promptly,&rdquo he adds.
 
&ldquo And when my workers know their welfare is being taken care of, they will also devote themselves wholeheartedly to our clients&rsquo projects. This is very important in our line of work because our staff are at the frontline, and if projects are not completed to customers&rsquo satisfaction and expectations, our reputation will be at stake. So this is a win-win situation for all of us!&rdquo
 
Indeed, this policy has enabled the company to grow from strength to strength. From its early days as a struggling sole proprietorship, Alpina has now come into its own.
 
Listed on SGX Catalist in January this year, the group has amassed an operating history spanning more than 17 years, specialising in integrated building services (IBS), mechanical and electrical (M& E) engineering services, as well as alteration and addition (A& A) works for both private and public sector projects.
 
The group holds 15 Workhead registrations and two builder licences with the Building and Construction Authority (BCA) as at Dec 20, 2021. Among these, it has attained the highest grading of L6 for its registration under the ME15 (Integrated Building Services) and ME05 (Electrical Engineering) Workheads, which allow the group to undertake projects in the public sector with no tendering limits and no project value limits under the respective Workheads.
 
Serving predominantly public sector customers, Alpina recently achieved a record set of results for FY2021, with revenue increasing by 36.8% to S$51.89 million and net profit surging by 84.0% to S$9.28 million.
 
Looking ahead, Low plans to expand the scale of the group&rsquo s existing businesses &mdash IBS, M& E engineering services as well as A& A works &mdash by boosting manpower and equipment resources, in order to take on more and higher value projects.
 
Alpina has also extended its scope of services and obtained registration of the FM01 (Facilities Management) Workhead Grade M3 in 2020. &ldquo This enables us to tender directly for integrated facilities management [IFM] projects of up to S$10 million from the government or statutory bodies,&rdquo Low adds.
 
In addition, the group is on the hunt for acquisitions &mdash such as in cleaning, landscape, security and pest control services &mdash to improve its portfolio of IFM offerings. This will further enhance its value proposition to customers and boost revenue streams.
 
Diversifying into renewables
 
Renewable energy is another growth driver. Alpina&rsquo s wholly owned subsidiary Digo Corp and Terrenus Energy have been jointly awarded a 70 megawatt-peak (MWp) project to install solar panels across 1,198 HDB blocks and 57 government sites, as well as smart electrical sub-meters at these residential areas to monitor and analyse energy consumption patterns. Installation of the panels is expected to begin in the third quarter of 2022 and complete by the first quarter of 2025.
 
This project is the sixth solar leasing tender under the SolarNova programme, a whole-of-government effort led by the Economic Development Board and Housing Board to accelerate the deployment of solar photovoltaic systems in Singapore.
 
&ldquo Solar energy is the most promising renewable energy source for electricity generation, and serves as an important part of Singapore&rsquo s efforts to de-carbonise its energy usage,&rdquo Low points out.
 
&ldquo Securing this solar leasing tender is a significant milestone for us, and together with our joint venture partner, we&rsquo re pleased to be able to contribute meaningfully to the acceleration of Singapore&rsquo s renewable energy market.&rdquo
 
Building on this momentum, the group is well-positioned to be an enabler for green energy, and aims to develop new capabilities within the renewable energy value chain to meet its environmental, social and governance (ESG) targets, Low adds.
 
Work, naturally, is Low&rsquo s first love. But when the 49-year-old father of two is out of the office, besides spending time with his family, he is focused on his second passion &mdash cycling.
 
&ldquo Running a successful business, and riding a bike, are in fact quite similar. As Albert Einstein once put it: &lsquo To keep your balance, you must keep moving,&rsquo &rdquo he quotes.
 
&ldquo Just get on the bike, experience the journey, learn and pivot from your mistakes, and continue pressing ahead.&rdquo
 
Truly, perseverance is one value that has been ingrained in Low&rsquo s character from youth. &ldquo Because I don&rsquo t have a strong academic background, I need to put in extra effort and work extremely hard as compared to others,&rdquo he says.
 
&ldquo Sometimes it may yield little result, and that can be demoralising, but based on my years of experience, I&rsquo ve learnt that with optimism and determination, demonstrating integrity, resourcefulness and foresight, I am confident of achieving my goals for Alpina by forging ahead together with my team.&rdquo
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tedlim
Veteran |
18-May-2022 08:09
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Alpina looks quite similar to ISO Team  ....customers are mainly govt and have good order book. But Alpina has gross margins of over 20% and their scope is mainly M& E services, while ISO Team is building construction.  ISO Team has enjoyed a good run previously but Alpina has been a laggard. Once their renewable energy projects with HDB is underway and they secure more contracts, i believe the limelight will be shining on them. Keeping in my watchlist   |
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WBdisciple
Elite |
06-May-2022 10:40
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Here is UOB Kay Hian report previously...didnt take into account their Solar Energy venture though as it was not announced yet: https://alphaedgeinvesting.com/wp-content/uploads/2022/03/Alpina_Holdings-_Established_Integrated_Building_Services_Specialist_With_Growing_Orderbook_And_Strong_Presence_In_Singapore39s_Public_Sector.pdf UOB Kay Hian explores Alpina Holdings' potential in unrated report One of the near-term key catalysts for Alpina include its good performance for the 2HFY2021. The Singapore research team at UOB Kay Hian is positive on Catalist-listed Alpina Holdings&rsquo prospects. In an unrated report dated March 16, the team has noted the company&rsquo s strong orderbook of $151 million as at Dec 31, 2021, with the company continuing to proactively tender for new contracts. According to the UOB Kay Hian team, Alpina&rsquo s projects mostly comprise maintenance works in Singapore&rsquo s public sector projects, which are recurring in nature. In addition, the company&rsquo s customers are &ldquo good paymasters&rdquo which include ministries and statutory boards under the Singapore government, notes the team. Furthermore, the company seeks to win more contracts in the space of enhanced facility management solutions. The sector should see heightened demand as more building facilities in Singapore are aging and require better care. There are also rising needs for customised and integrated solutions in redeveloped buildings, adds the team at UOB Kay Hian. &ldquo Alpina has extended its scope of services and obtained registration of the FM01 (Facilities Management) Workhead &ndash Grade M3 in 2020. On the other hand, Alpina is on the lookout for acquisitions (in the areas of cleaning services, landscape services, security services and pest control services, etc) to accelerate the extension of its integrated facilities management (IFM) services to enhance its value propositions to customers and boost its revenue streams,&rdquo it notes. Alpina is an established local-based contractor that provides integrated building services (IBS), mechanical and electrical (M& E) engineering services, as well as alteration and addition (A& A) works. The company launched its initial public offering (IPO) on the Catalist Board of the Singapore Exchange (SGX) in January 2022. Its shares opened on a &ldquo ready&rdquo basis on Jan 28. To the team, Alpina is currently trading at an annualised P/E of 6x for the FY2021, which is deemed attractive. While the company does not have a fixed dividend policy at present, it has indicated in its prospectus, that it intends to distribute dividends of a minimum of 50% of its earnings for FY2022 and FY2023. To this end, near-term key catalysts include Alpina' s stellar performance for the 2HFY2021. &ldquo If Alpina delivers a good set of financial results for 2021, this will reinforce the merits of its business model and build a better track record for the company, which could be a boost in market confidence,&rdquo writes the team. &ldquo Annualising 1HFY2021 earnings of $4.1 million and deducting listing expenses of an estimated $1.2 million will result in 2021 earnings of $7.0 million, representing a 40% y-o-y growth from 2020&rsquo s earnings of $5.0 million,&rdquo it adds. &ldquo To recap, Alpina has delayed the release of its 2021 financial results from February to around May due to a delay in the auditing process, as most of the resources have been directed to the IPO process.&rdquo The winning of more contacts, as well as the successful acquisition of synergistic businesses that are accretive to Alpina&rsquo s earnings, are also key catalysts to the company. |
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For_The_Next_Leg
Master |
06-May-2022 10:24
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$Alpina Holdings(ZXY.SI)
 
What caught my eye in this article is that IBS revenue has hit 35m, which is almost the whole amount of FY2020 revenue and this is much more recurring. If the company execute well further, things looks rosy for them!
 
https://www.investor-one.com/editorial/20632-Deep-Dive-into-an-Established-Integrated-Service-Provider-with-Return-on-Equity-above-50
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For_The_Next_Leg
Master |
27-Apr-2022 10:08
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$Alpina Holdings(ZXY.SI)
 
With the delay in the construction of the BTOs, HDB will probably rush to get most of the past BTO to be out. This meant that Alpina smart facilities segment will have more businesses ahead once these HDB projects are completed.
 
https://www.btohq.com/bto-top-tracker
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For_The_Next_Leg
Master |
11-Apr-2022 15:42
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$Alpina Holdings(ZXY.SI) Actually if we looked at the last 2 years, there have been significant covid related delays in the construction sector. Alpina will definitely been affected.
 
Thus, with Singapore opening up, there is a chance that the company revenue will grow even fast than FY2021.
 
https://links.sgx.com/1.0.0/corporate-announcements/D5X7FT9P4BDOZHVE/241b2293ad6e5a76939c6a61412603284e00cb71ef0575ccf2d9171b17c1b637
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Joelton
Supreme |
11-Apr-2022 10:58
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Alpina Awarded the Sixth Solar Leasing Tender under the SolarNova Programme by HDB
  - The Group&rsquo s wholly-owned subsidiary, Digo Corporation, and Terrenus Energy have been jointly awarded a 70 MWp project for the installation of solar panels across 1,198 HDB blocks and 57 government sites as well as the installation of smart electrical sub-meters at HDB blocks
 
- This project is the sixth solar leasing tender under the SolarNova programme, a Whole-Of-Government effort led by EDB and HDB to accelerate the deployment of solar photovoltaic systems in Singapore 
 
Alpina Holdings Limited (高 峰 控 股 有 限 公 司 )&rsquo s wholly-owned subsidiary, Digo Corporation Pte. Ltd. (&ldquo Digo Corporation&rdquo ), and Terrenus Energy Pte Ltd (&ldquo Terrenus Energy&rdquo ), have been jointly awarded the sixth solar leasing tender under the SolarNova programme (the &ldquo Project&rdquo ) by the Housing & Development Board (&ldquo HDB&rdquo ). Terrenus Energy is a renewable energy systems developer and solutions provider based in Singapore.
 
The Project, with a solar capacity of 70 megawatt-peak (&ldquo MWp&rdquo ), aggregates public sector demand for the installation of solar panels across 1,198 HDB blocks and 57 government sites. The Project also includes the requirement to install smart electrical sub-meters at HDB blocks to monitor and analyse energy consumption patterns and the performance of common services at each HDB block. 
 
Installation of the solar photovoltaic panels is expected to begin in the 3rd quarter of 2022 and complete by the 1st quarter of 2025.
 
Following the award of the Project, Digo Corporation and Terrenus Energy will, inter alia, enter into a joint venture agreement (&ldquo JVA&rdquo ) in relation to be setting up a joint venture company to be incorporated to undertake the Project. As at the date of this press release, the negotiations between Digo Corporation and Terrenus Energy on the JVA are at a preliminary stage.
 
The Group holds 15 Workhead registrations and 2 builder licences with the Building and Construction Authority (&ldquo BCA&rdquo ). Among these, the Group holds a ME03 (Solar PV system integration) Workhead registration, which allows the Group to undertake installation, testing, commissioning, maintenance and repair of ground/ building-mounted grid-connected solar PV systems for electricity generation.
 
The Company&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo Solar energy is the most promising renewable energy source for electricity generation in Singapore, and it serves as an important part of Singapore&rsquo s efforts to decarbonise its energy usage.
 
Securing this solar leasing tender is a significant milestone for us and together with our joint venture partner, we are pleased to contribute meaningfully to the acceleration of the renewable energy market in Singapore. 
 
Building on this momentum, our Group is well positioned to be an enabler for green energy and moving ahead, we aim to develop new capabilities and value propositions within the renewable energy value chain.&rdquo
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For_The_Next_Leg
Master |
08-Apr-2022 14:23
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$Alpina Holdings(ZXY.SI)
 
The company may have some form of smart facilities management services. But it probably need to acquire another firm in this segment to expand its competencies here.
 
That will be a near term catalyst.
 
https://www1.bca.gov.sg/buildsg/facilities-management-fm/smart-facilities-management-fm
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For_The_Next_Leg
Master |
06-Apr-2022 11:22
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$Alpina Holdings(ZXY.SI)
 
I think there are 2 points in the latest presentation slides that are very interesting.
(1) Long term wise - Singapore has been going into the direction of Smart Nation. Thus, engaging and innovating into the Smart FM services is key to future growth and maintaining market share.
 
https://www.smartnation.gov.sg/
 
(2) Short term wise - M& A is something I look forward that I will give a boost to share price as well as business! I do really think they will engage in M& A since it has been explicitly explained.
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For_The_Next_Leg
Master |
01-Apr-2022 13:08
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$Alpina Holdings(ZXY.SI)
 
The interesting stuff about their full year report - note that they are already giving out dividend! So current shareholders will have gotten the dividend.
 
Furthermore, there were cost involved in the listing amounting to around 899k which are 1 time cost. This will not be around next year!
 
Finally with the new solar nova project, profits will definitely improves next year.
 
https://links.sgx.com/1.0.0/corporate-announcements/D5X7FT9P4BDOZHVE/241b2293ad6e5a76939c6a61412603284e00cb71ef0575ccf2d9171b17c1b637
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Joelton
Supreme |
31-Mar-2022 08:06
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Alpina Achieved a Record Set of Results for FY2021 Revenue Increased by 36.8% to S$51.89 Million with Net Profit Surging by 84.0% to S$9.28 Million
 
&bull Record level of revenue and net profit achieved in FY2021 with strong performance from its IBS and M& E business segments as operations normalise
 
&bull Significant increase in net cash generated from operating activities in FY2021 to S$4.66 million as compared to S$1.81 million in FY2020
 
&bull Improved balance sheet as at 31 December 2021 with total equity increasing 41.6% to S$17.98 million and total assets of S$35.16 million as compared to as at 31 December 2020
 
&bull Proposed dividend of 0.2712 cent per share for FY2021
 
With predominantly public sector customers such as government ministries and statutory boards as well as public education institutions, the key contract highlights of the Group&rsquo s business segments are as follows:
 
> IBS - With specified contract period that generally ranges from 1 to 4 years, and in certain instances, up to 6 years.
> M& E - Rendered on specific project basis
> A& A - Term contracts with a fixed contract period ranging from 2 to 4 years
 
Revenue growth of 36.8% with strong performance from IBS and M& E business segments: With business operations normalising in FY2021 as the Singapore authorities embarked on a three-phased approach to resume activities safely after 1 June 2020, the Group&rsquo s IBS business segment contributed revenue of S$35.77 million, representing a growth of 21.5% in FY2021 as compared to FY2020. In addition, revenue from the Group&rsquo s M& E business segment increased substantially by 189.5% to S$12.57 million in FY2021 as there was significant work progress for four of its M& E projects in FY2021. 
 
Despite lower grants received from the Singapore Government to cope with the COVID-19 pandemic in the second half of FY2021, the Group&rsquo s gross profits in FY2021 increased by 18.0% to S$12.87 million, as compared to S$10.91 million in FY2020, as M& E and IBS projects achieved significant work progress in FY2021.
 
The Group' s other income increased by S$3.0 million to S$3.4 million in FY2021 mainly due to a gain on the disposal of a property located at 32 Woodlands Industrial Park E1 (&ldquo 32 Woodlands Property&rdquo ). The Group&rsquo s administrative expenses rose by 30.2% to S$5.03 million in FY2021 mainly due to expenses incurred in connection with the Company&rsquo s listing on the SGX-ST.
 
Overall, the Group&rsquo s net profit attributable to shareholders of the Company surged 84.0% to S$9.28 million in FY2021 as compared to FY2020. 
 
Net increase in cash and cash equivalents as at 31 December 2021: Operationally, the Group
generated a substantial increase in net cash generated from operating activities of S$4.66 million in FY2021 as compared to S$1.81 million in FY2020. 
 
The Group generated net cash generated from investing activities of S$3.47 million in FY2021, which  was mainly due to proceeds from the disposal of the 32 Woodlands Property and the warehouse at  61 Woodlands Industrial Park E9, partially offset by the capitalisation of construction costs of the  Group&rsquo s new office premises at 54 Senoko Road, Woodlands East Industrial Estate.
 
While the Group used net cash of S$7.47 million in financing activities during FY2021, the Group  registered a net increase in cash and cash equivalents of S$0.66 million to S$2.26 million as at 31  December 2021, from a net cash balance of S$1.60 million as at 31 December 2020.
 
Strengthened balance sheet as at 31 December 2021: The Group&rsquo s total assets increased marginally  to S$35.16 million as at 31 December 2021, with current assets of S$24.70 million and non-current  assets of S$10.46 million. Major components of current assets were contract assets of S$14.57 million,  trade and other receivables of S$7.01 million and cash and cash equivalents of S$2.26 million, while  non-current assets comprise mainly of property, plant and equipment of S$9.74 million.
 
As at 31 December 2021, the Group&rsquo s total equity increased to S$17.98 million and there were  reductions in current liabilities and non-current liabilities, which stood at S$12.75 million and S$4.43  million respectively. Major components of current liabilities were trade and other payables of S$8.31
million and borrowings of S$3.41 million, while non-current liabilities comprise mainly of borrowings  of S$3.60 million. 
 
Commenting on the Group&rsquo s FY2021 results, Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo It has been a phenomenal year and the record performance was made possible by our continued focus on operational excellence and diligent cost management.
 
Our organic revenue growth in FY2021 was strong and it showcases the resilience of our value creation business model that focuses on public sector projects in Singapore.
 
With an established track record of strong execution and delivering on our commitments, we aim to build on this momentum to capitalise on the growth opportunities ahead of us.&rdquo
 
Mr. Low added, &ldquo With our successful listing in January 2022, we achieved another key milestone in our strategic roadmap. Moving ahead, we aim to expand our capabilities to offer differentiated offerings to strengthen our business model and develop new revenue streams.&rdquo
 
Awarded the Sixth Solar Leasing Tender under the SolarNova Programme by HDB: The Company recently announced that its wholly-owned subsidiary, Digo Corporation Pte. Ltd. (&ldquo Digo Corporation&rdquo ), and a joint venture partner have been jointly awarded the sixth solar leasing tender under the SolarNova programme (the &ldquo Project&rdquo ) by the Housing & Development Board (&ldquo HDB&rdquo ). The Project, with a solar capacity of 70 megawatt-peak (&ldquo MWp&rdquo ), aggregates public sector demand for the installation of solar panels across 1,198 HDB blocks and 57 government sites. The Project also includes the requirement to install smart electrical sub-meters at HDB blocks to monitor and analyse energy consumption patterns and the performance of common services at each HDB block. Installation of the solar photovoltaic panels is expected to begin in the 3rd quarter of 2022 and complete by the 1st quarter of 2025. 
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WBdisciple
Elite |
30-Mar-2022 23:37
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Commenting on the Group&rsquo s FY2021 results, Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo It has been a phenomenal year and the record performance was made possible by our continued focus on operational excellence and diligent cost management. Our organic revenue growth in FY2021 was strong and it showcases the resilience of our value creation business model that focuses on public sector projects in Singapore. With an established track record of strong execution and delivering on our commitments, we aim to build on this momentum to capitalise on the growth opportunities ahead of us.&rdquo Mr. Low added, &ldquo With our successful listing in January 2022, we achieved another key milestone in our strategic roadmap. Moving ahead, we aim to expand our capabilities to offer differentiated offerings to strengthen our business model and develop new revenue streams.&rdquo Awarded the Sixth Solar Leasing Tender under the SolarNova Programme by HDB: The Company recently announced that its wholly-owned subsidiary, Digo Corporation Pte. Ltd. (&ldquo Digo Corporation&rdquo ), and a joint venture partner have been jointly awarded the sixth solar leasing tender under the SolarNova programme (the &ldquo Project&rdquo ) by the Housing & Development Board (&ldquo HDB&rdquo ). The Project, with a solar capacity of 70 megawatt-peak (&ldquo MWp&rdquo ), aggregates public sector demand for the installation of solar panels across 1,198 HDB blocks and 57 government sites. The Project also includes the requirement to install smart electrical sub-meters at HDB blocks to monitor and analyse energy consumption patterns and the performance of common services at each HDB block. Installation of the solar photovoltaic panels is expected to begin in the 3rd quarter of 2022 and complete by the 1st quarter of 2025. More details of the Project can be found in the Company&rsquo s SGXNet announcement dated 23 March 2022. - |
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YibaoI
Senior |
30-Mar-2022 22:26
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https://www.theedgesingapore.com/capital/results/alpina-holdings-reports-259-higher-earnings-52-mil-2hfy2021 https://links.sgx.com/1.0.0/corporate-announcements/D5X7FT9P4BDOZHVE/ Alpina Achieved a Record Set of Results for FY2021 Revenue Increased by 36.8% to S$51.89 Million with Net Profit Surging by 84.0% to S$9.28 Million &bull Record level of revenue and net profit achieved in FY2021 with strong performance from its IBS and M& E business segments as operations normalise &bull Significant increase in net cash generated from operating activities in FY2021 to S$4.66 million as compared to S$1.81 million in FY2020 &bull Improved balance sheet as at 31 December 2021 with total equity increasing 41.6% to S$17.98 million and total assets of S$35.16 million as compared to as at 31 December 2020 &bull Proposed dividend of 0.2712 cent per share for FY2021 |
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tedlim
Veteran |
28-Mar-2022 13:00
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i like their boring business of providing niche services to Singapore  Govt and the contracts stretch out to a few years...hence there is stablilty and certainty.  Now,  they also have potential to sell carbon credits in the future with their solar venture, which Singapore govt is involved as well. Share price has come down from IPO price of 31 cents for not much reason....good to keep in radar screen. pls do your own DD...  |
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For_The_Next_Leg
Master |
28-Mar-2022 09:48
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One of the stuff not really mentioned in the press release and only if you follow budget - you will know is that building these solar projects can earn the company carbon credits - which is tradable.
 
" The current rate, which will be in place until next year, is $5 per tonne of emissions. But this will go up to $25 in 2024 and 2025, $45 in 2026 and 2027, before reaching $50 to $80 per tonne by 2030" - if the company hodl the credits, the upside is significant.
 
https://www.straitstimes.com/singapore/budget-2022-large-emitters-can-buy-carbon-credits-to-offset-carbon-tax-bill-from-2024
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YibaoI
Senior |
25-Mar-2022 18:45
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Hope that the resuit will be good then more people will invest. |
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WBdisciple
Elite |
25-Mar-2022 10:26
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If AGM is by 29 Jun 2022, then they prob need to announce results 2 months before (i think)...The Board wishes to announce that the Company had on 10 March 2022 received the approval from ACRA for an extension of time for the Company to hold the FY2021 AGM by 29 June 2022 and to file its annual return for FY2021 by 30 July 2022.  |
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tedlim
Veteran |
25-Mar-2022 10:23
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Anyone knows when their FY results coming out?  |
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tedlim
Veteran |
24-Mar-2022 23:25
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Steady revenue and profits from Govt projects..(order book of S$151million) Dividends are committed for FY2022 and FY2023 PLUS POTENTIAL TO BECOME ANOTHER SUNSEAP.... |
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