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Alpina Holdings
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For_The_Next_Leg
Veteran |
01-Sep-2024 10:45
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This is my thought process of how this company will change - revenue will increase due to the order book and earnings will follow. Subsequently the investment property will also allow them to reduce operating expenses. Soon, they will be constantly generating operating cashflow which is much higher than the earnings due to the higher depreciation. They will be growing cash and soon dividend will increase.
This will be the track record for the next 2 years.
https://links.sgx.com/1.0.0/corporate-announcements/CCQKN8CTQLB9BE0E/9d087a8c81847a840ed1d5593f593ed95e1575e9129f0b072570d59ad8bed4cf
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For_The_Next_Leg
Veteran |
14-Aug-2024 21:19
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Amazing Results! Operating Cash turnaround from negative 1m to positive 9m! https://links.sgx.com/1.0.0/corporate-announcements/CCQKN8CTQLB9BE0E/9d087a8c81847a840ed1d5593f593ed95e1575e9129f0b072570d59ad8bed4cf |
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Joelton
Supreme |
14-Aug-2024 11:14
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Alpina Achieved Increased Profitability in 1H2024: Posts Revenue Growth of 72.3% with Gross Profits Increasing by 64.4%
- The IBS business segment continues to be the Group&rsquo s main revenue contributor, while the M& E business segment posted strong revenue growth of 466.3% in 1H2024 as compared to 1H2023
- Gross profits increased by 64.4% in 1H2024 with the M& E business segment being the main
contributor
- Generated net cash of S$9.35 million from operating activities in 1H2024
- Healthy balance sheet with total assets of S$83.62 million and total equity of S$28.42 million as at 30 June 2024
- Added a total of 11 new contracts, the majority of which being public sector projects, with an aggregate provisional contract sum of approximately S$16.15 million to project pipeline in 1H2024
- Part of a consortium that secured a contract for the provision of integrated facilities management services for a tertiary education institution in Singapore with a provisional contract sum of approximately S$115.72 million
- Completed the acquisition of Wan Dormitory Pte. Ltd. in March 2024, which holds a property located at 180 Woodlands Industrial Park E5
Commenting on the Group&rsquo s 1H2024 results, Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 先 生 ), said, &ldquo With majority of the pre-COVID contracts completed overthe past two years, our margins have started to normalise with an improvement in operating cash flows and profitability. With our experience from an inflationary environment, the Group will take a more prudent approach in new tenders as we aim to take on larger scale projects ahead.
Our progress so far has been encouraging and we must now continue to intensify our efforts to ensure that the Group is firmly back to profitability with a stronger foundation for long-term growth.&rdquo
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For_The_Next_Leg
Veteran |
23-Jul-2024 14:18
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As per article, " In FY2023, Alpina announced that it has secured a total of 21 contracts with aggregate provisional contract sum of approximately S$251.1 million.
More recently in June 2024, the Group announced that it participated in the tender alongside a consortium and the consortium was successfully awarded a contract worth approximately $115.7 million to provide integrated facilities management (IFM) services for a tertiary education institution in Singapore. This contract is set to commence in January 2025 and is expected to be completed by December 2028, with an option for the customer to extend the contract for an additional 4 years and 3 months.
The strong order book expansion over the past 2 years provides good visibility for the Group&rsquo s revenue pipeline ahead."
The next few years revenue is secured. This will likely push the company to become profitable again. Moving forward in a lower interest rate environment, the company will definitely grow bigger.
https://www.smallcapasia.com/alpina-holdings-a-rising-star-in-facilities-management-solar-energy/
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Joelton
Supreme |
18-Jul-2024 12:40
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Alpina Holdings: A Rising Star in Facilities Management & Solar Energy
As urbanization continues to accelerate and the demand for integrated facilities management (IFM) services grows, a company is quietly carving its mark and standing out among its peers: SGX-listed Alpina Holdings (SGX: ZXY).
In addition, as solar energy adoption gains pace in Singapore, there is a growing trend of zero-energy and energy-plus buildings in Singapore that adopt energy efficiency technologies.
Alpina has positioned itself as a key player in this highly fragmented facilities management industry and solar energy sector in Singapore with strong technical expertise, a solid track record and possession of relevant licenses required in Singapore.
Alpina Holdings&rsquo Corporate Profile
Alpina Holdings, a veteran contractor headquartered in Singapore, excels in delivering comprehensive integrated building services (IBS), along with mechanical and electrical (M& E) engineering services, and alteration and addition (A& A) works, boasting a robust track record of over 20 years.
Their projects are mainly public sector projects, being projects in which the Singapore Government or a public university in Singapore is the project owner.
The company has achieved the prestigious L6 rating in the ME15 (Integrated Building Services) category, representing the apex grading for this classification.
This distinction empowers Alpina Holdings to engage in public sector IBS project tenders without any restrictions on tender or project values under this category.
Financial Performance
Alpina Holdings has consistently achieved revenue growth over the past few years, driven by a combination of organic expansion.
For the financial year ending December 31, 2023, Alpina reported an all-time high revenue of $64.1 million, an increase of 28% compared to the prior year.
However, net profits were down during the same period because the Group had to hire additional manpower and subcontractors, particularly for projects secured prior to the COVID-19 pandemic as a commitment to its customers and to meet project deadlines.
This has impacted the firm&rsquo s financial performance in recent years but are likely to abate once the past projects are completed and the company continues to secure new projects in future.
On a bright note, the company also maintained a healthy balance sheet with current assets representing 83.4% of its total assets and it comprised the following key components:
Cash and cash equivalents of approximately S$9.55 million
Trade and other receivables of approximately S$10.67 million
Contract assets of approximately S$32.38 million
Inventories of approximately S$1.37 million
This prudent financial management enables Alpina to invest in growth opportunities and weather economic uncertainties.
Management Team Experience and Ownership
Alpina Holdings is led by a seasoned and capable management team &ndash Executive Chairman and CEO Mr. Low Siong Yong and Executive Director, Mr. Tai Yoon On, who boasts over 25 years of experience each in providing IBS, M& E engineering services and A& A works.
A quick glance at the shareholder ownership shows that both the CEO (Mr. Low) and Executive Director (Mr. Tai) hold a substantial stake in the company at 44% and 36% respectively.
The management team&rsquo s substantial insider ownership ensures they are well aligned with the interests of minority retail shareholders.
Tapping on Singapore&rsquo s Booming Construction Market
Singapore&rsquo s construction sector is booming, with the Building and Construction Authority (BCA) forecasting total demand to reach a staggering $25 billion to $32 billion annually between 2024 and 2027.
This positive outlook aligns perfectly with Alpina&rsquo s core competencies: Integrated Building Services (IBS), Mechanical and Electrical (M& E) engineering, and Alteration & Addition (A& A) works.
But Alpina&rsquo s potential extends beyond traditional construction. Singapore&rsquo s ambitious plans for a Green and Smart Nation represent a multi-billion dollar opportunity. As the nation strives to improve city services, reduce energy consumption, and optimize infrastructure, Alpina&rsquo s expertise positions them as a key player in these transformative initiatives.
Here&rsquo s why Alpina is uniquely positioned to capitalize on this growth:
Proven Track Record: Alpina boasts a history of successful project execution, particularly for public sector clients like government ministries and educational institutions.
Strategic Expansion: The recent foray into Integrated Facilities Management (IFM) through Digo Corporation demonstrates Alpina&rsquo s commitment to expanding its service offerings and capturing a wider share of the market.
Alignment with National Goals: Alpina&rsquo s solutions directly address the priorities outlined in the Singapore Green Plan 2030, making them a natural partner in the nation&rsquo s green and smart transformation journey.
By leveraging these strengths and the strong tailwinds of Singapore&rsquo s growth, Alpina Holdings presents an attractive proposition for investors seeking exposure to this exciting market.
Alpina&rsquo s Bright Future in Solar Energy
Singapore basks in sunshine year-round, making solar energy a no-brainer for its renewable energy goals. Under the SolarNova programme, the city-state aims for a whopping 2 gigawatts of solar power by 2030, enough to juice up hundreds of thousands of homes.
Amid this green energy revolution, Alpina Holdings Limited is emerging as a significant player with promising prospects in the solar energy sector.
In March 2022, Alpina&rsquo s wholly-owned subsidiary, Digo Corporation Pte. Ltd., in collaboration with Terrenus Energy Pte. Ltd., secured a substantial 70 MWp project. This initiative involves installing solar panels across 1,198 HDB blocks and 57 government sites, alongside implementing smart electrical sub-meters in the HDB blocks.
Subsequently, in April 2023, Alpina Energy Pte. Ltd., another wholly-owned subsidiary, was awarded a contract worth approximately S$117 million related to the sixth solar leasing tender, marking another significant milestone in their growing order book.
Alpina&rsquo s expertise is further validated by its ME03 (Solar PV system integration) Workhead registration. This certification enables the company to undertake comprehensive services, including the installation, testing, commissioning, maintenance, and repair of grid-connected solar PV systems mounted on the ground or buildings.
As solar energy adoption accelerates in Singapore, the demand for maintenance and upgrading of solar systems is expected to rise. Alpina&rsquo s accumulated technical know-how and proven track record position the company to capitalize on these future opportunities.
Beyond installation, Alpina plans to generate and sell solar energy from its photovoltaic panels once operational, potentially creating an additional revenue stream through carbon credits.
Strong Order Book Expansion and Positive Developments
In FY2023, Alpina announced that it has secured a total of 21 contracts with aggregate provisional contract sum of approximately S$251.1 million.
More recently in June 2024, the Group announced that it participated in the tender alongside a consortium and the consortium was successfully awarded a contract worth approximately $115.7 million to provide integrated facilities management (IFM) services for a tertiary education institution in Singapore. This contract is set to commence in January 2025 and is expected to be completed by December 2028, with an option for the customer to extend the contract for an additional 4 years and 3 months.
The strong order book expansion over the past 2 years provides good visibility for the Group&rsquo s revenue pipeline ahead.
In addition, the Group completed the S$24.5 million acquisition of a workers dormitory located at 180 Woodlands Industrial Park E5, Singapore 757512, which will provide them more flexibility to control their operating costs and manage their manpower resources.
Conclusion
In conclusion, Alpina Holdings emerges as a formidable contender in Singapore&rsquo s facilities management sector, poised for sustained growth and profitability.
The recent multi-year contract win, coupled with the company&rsquo s proven track record, experienced management team, and strategic growth plans that aligns with Singapore&rsquo s green city initiatives, paints a bright picture for Alpina&rsquo s future.
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For_The_Next_Leg
Veteran |
17-Jul-2024 21:54
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The future is secured - " ...strong order book expansion over the past 2 years provides good visibility for the Group&rsquo s revenue pipeline ahead."
https://www.smallcapasia.com/alpina-holdings-a-rising-star-in-facilities-management-solar-energy/
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For_The_Next_Leg
Veteran |
10-Jul-2024 21:59
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The likelihood is that these public sector contracts becomes a recurring revenue for the company.
https://links.sgx.com/1.0.0/corporate-announcements/5G9BP5V9X528ZOMB/e51b2a0aac2bb6ddc18187dffaa20de08e11e79127e1541bdfd018351abe86f7
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Joelton
Supreme |
02-Jul-2024 10:36
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Alpina Secured New Contracts with Aggregate Provisional Contract Sum of Approximately S$16.2 Million during the First Six Months of 2024
- A total of 11 new contracts with an aggregate provisional contract sum of approximately S$16.2 million was added to the Group&rsquo s project pipeline in the first six months of 2024
- Majority of the new contracts are public sector projects, whereby a town council in Singapore, a statutory board of the Singapore Government or a Ministry of the Singapore Government is the project owner
- The contracts have varying completion dates ranging from April 2024 to March 2030
- The Group was also part of a consortium that had participated in the tender of, with the lead member of the consortium being awarded, the contract for the provision of integrated facilities management (&ldquo IFM&rdquo ) services with a provisional contract sum of approximately S$115.7 million
Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo As sustainability gains more momentum in Singapore, we see a growing demand for building maintenance to foster sustainable infrastructure and deliver an improved user experience.
Serving predominantly public sector customers, we are committed to leveraging on our technical expertise in integrated building services to enable our customers' facilities to function more effectively.
Aligned with BCA' s Built Environment Industry Transformation Map for the facilities management sector, Alpina has been proactively expanding our value propositions in the IFM market.
Targeting higher value projects in both public and private sector projects in Singapore, we will continue to expand our value propositions and differentiate more strongly.&rdquo
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Joelton
Supreme |
25-Jun-2024 08:03
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Alpina Holdings: Consortium awarded $115.7 mil integrated facilities management contract
A wholly-owned subsidiary of Catalist-listed Alpina Holdings ZXY 0.00% has been awarded a contract worth approximately $115.7 million to provide integrated facilities management (IFM) services for a tertiary education institution in Singapore.
In a June 24 bourse filing, Alpina Holdings says its subsidiary Digo Corporation participated in a tender with consortium leader Savills Property Management. Savills, an unrelated third party, is a property and facilities management company based in Singapore.
The contract is expected to commence in January 2025 and complete by December 2028, with an option for the customer to extend the contract for another four years and three months.
Alpina' s board highlights that the provisional contract sum is indicative and may not be an accurate indicator of the actual revenue to be recognised by the group, &ldquo as the final contract sum will depend on the actual work to be undertaken&rdquo .
The contract is not expected to have a material impact on the earnings per share and net tangible assets per share of the group for the current financial year ending Dec 31.
Barring any unforeseen circumstances, the board expects the contract to contribute positively to the group&rsquo s financial performance for the duration of the contract.
Listed in 2022, Alpina is a Singapore-based contractor specialising in providing integrated building services (IBS), mechanical and electrical (M& E) engineering services and alteration and addition (A& A) works.
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For_The_Next_Leg
Veteran |
20-May-2024 09:07
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As renewable energy comes into play, smart metering becomes very important as well, as articulated by this article. Alpina is in both businesses.
https://www.linkedin.com/pulse/why-smart-meters-considered-important-component-energy-internet-myckf/
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For_The_Next_Leg
Veteran |
03-May-2024 11:28
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$Alpina Holdings(ZXY.SI) Found some old 2021 links indicating past awards to Digo Corporation for facilities management from the town council to the subsidiary of Alpina. This meant that the number of HDB flats increase, there is a possibility of having a bigger recurring revenue for the company.
https://www.jrtc.org.sg/category/tender-results/page/9/
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For_The_Next_Leg
Veteran |
17-Apr-2024 12:20
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$Alpina Holdings(ZXY.SI) This seem to go under the radar - it may seem negative but I actually think this is net positive for the company.
This might actually reduce future capex and increase margin for the company.
https://links.sgx.com/1.0.0/corporate-announcements/NDYP2DGZXHUEWN4E/cabe01b2f93c7d5fa330139e277f14f63fe06cc4c1914ef79f06eb78039b1ec6
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For_The_Next_Leg
Veteran |
12-Apr-2024 08:54
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$Alpina Holdings(ZXY.SI) Even india is increasing its demand for solar, Solar will be everywhere in the future.
https://www.thehindu.com/business/Industry/the-import-restrictions-on-solar-pv-cells-explained/article68047931.ece
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For_The_Next_Leg
Veteran |
03-Apr-2024 10:51
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$Alpina Holdings(ZXY.SI) Solar demand will rise in the future - worldwide, no doubt.
https://www.woodmac.com/press-releases/asia-lcoe/
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Joelton
Supreme |
20-Mar-2024 10:36
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Alpina Holdings completes acquisition of Wan Dormitory for $24.5 million
According to Alpina, the acquisition of the dormitory will give it more space to house more workers needed to support its own business expansion.
The dormitory, located at 180 Woodlands Industrial Park E5, is also meant as an investment for Alpina.
The local construction industry, following the end of the pandemic, faces a shortage of space to house workers.
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For_The_Next_Leg
Veteran |
14-Mar-2024 09:11
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$Alpina Holdings(ZXY.SI) As singapore continues its investment into Solar infrastructure, this company will eventually be able to obtain another big project.
https://www.straitstimes.com/singapore/transport/s-pore-s-largest-single-site-rooftop-solar-panel-system-to-be-installed-at-changi-airport-by-2025
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For_The_Next_Leg
Veteran |
28-Feb-2024 21:25
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$Alpina Holdings(ZXY.SI) Company is growing revenue right now and the significant cash expenses was for the growth expansion. If the management right the ship, the company will be much better in the next 3 to 6 months.
https://links.sgx.com/1.0.0/corporate-announcements/T1WMSE0E5LO0B66Q/4b8c871f6db91fb0d1b9ceb0c169defc19f622d5dbca3a2faf8d8e525a71585e
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For_The_Next_Leg
Veteran |
14-Feb-2024 23:29
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$Alpina Holdings(ZXY.SI) Continue adoption of solar in SG will be beneficial for the company.
https://www.theedgesingapore.com/news/environmental-social-and-governance/keppel-commences-work-singapores-largest-single-site
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For_The_Next_Leg
Veteran |
01-Feb-2024 00:21
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$Alpina Holdings(ZXY.SI) Seems like there is great future for this company!
https://www.channelnewsasia.com/singapore/singapore-solar-energy-deployment-cop28-grace-fu-parliament-4036886
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For_The_Next_Leg
Veteran |
25-Jan-2024 16:34
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$Alpina Holdings(ZXY.SI) An oversupply of solar panel is actually positive for the company since there is a possibility that solar panel gets cheaper and more people request to put up solar panels on their houses. This demand will increase the revenue for Alpina.
https://markets.businessinsider.com/news/commodities/solar-panel-oversupply-prices-iea-renewables-production-green-transitions-inventory-2024-1
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