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Alpina Holdings
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For_The_Next_Leg
Veteran |
19-Sep-2023 13:17
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$Alpina Holdings(ZXY.SI) Solar adoption in Singapore will grow and Alpina will benefit. https://www.ema.gov.sg/news-events/news/feature-stories/sunny-days-ahead-for-solar-adoption-in-singapore |
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Joelton
Supreme |
18-Sep-2023 11:11
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Alpina Holdings' bid to acquire workers' dorm falls through
Alpina Holdings' plans to acquire Dacai Pte Ltd, a company that owns a workers' dormitory, has fallen through.
The planned $24 million acquisition of Dacai was first announced by Alpina.
Dacai, held by one Dong Cai, owns the Wan Dormitory at 180 Woodlands Industrial Park E5.
Alpina, listed back in Jan 2022, was founded in 2003 by and provides construction and engineering services. It is led by executive chairman and CEO, Low Siong Yong, and executive director, Tai Yoon On.
In its Sept 16 announcement, Alpina notes that no definitive agreement has been signed with the seller and upon expiry of the exclusivity period on Sept 15, no agreement has been made between Alpina to extend the exclusivity period.
" The vendors have also informed the company on Sept 15 2023 that they do not wish to proceed with the proposed acquisition," states Alpina.
It is now " considering" its options and rights for recourse against the vendors, including seeking a refund of a deposit already paid.
Back then, Alpina reasons that there was a shortage of dorms in Singapore. By acquiring Dacai, Alpina can house its own workers and also for investment.
On Aug 11, Alpina reported earnings of $140,000 for its 1HFY2023 ended June, down 92.9% y-o-y. Revenue in the same period was up 3.5% y-o-y to $25.56 million.
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For_The_Next_Leg
Veteran |
13-Sep-2023 09:31
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$Alpina Holdings(ZXY.SI) Singapore is buying solar power from indonesia and also you will see that Sun Cable will come back to sell electricity here. The demand is here. Alpina just need to step up their game!
https://solarquarter.com/2023/09/12/singapore-approves-2-gw-of-renewable-electricity-imports-from-indonesia/
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For_The_Next_Leg
Veteran |
30-Aug-2023 10:52
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$Alpina Holdings(ZXY.SI) potentially more business for the company as solar panel gains traction in Singapore!
https://sg.finance.yahoo.com/news/volatile-singapore-power-prices-push-it-to-finally-embrace-solar-045930321.html
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For_The_Next_Leg
Veteran |
18-Aug-2023 15:24
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$Alpina Holdings(ZXY.SI) Company half year results looks bad, but if we look in detail, it was due to the labour cost calculated pre COVID that was much lower then. The actual labour cost is much higher now that cost gross profit to fall drastically. Nevertheless, this is a temporary issue as the new project secured will incorporate higher labour cost, thereby increasing the gross margin in the future!
https://links.sgx.com/1.0.0/corporate-announcements/LR6EXI8BCT0AZ537/b8736a7df5f6c238b307ca3fb21462cc85c5efbbe1e25fc0eb3bc8d60725f5d8
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chinton86
Master |
13-Aug-2023 16:36
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This company feels like another logistics holdings/isoteam. |
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Joelton
Supreme |
12-Aug-2023 14:00
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Alpina Posts Revenue Growth of 3.5% in 1H2023 Profitability Impacted by Higher Labour Costs in 1H2023, Mainly for Contracts Secured Prior to COVID-19
· Revenue from the IBS business segment and A& A business segment increased by 12.8% and 6.0% in 1H2023 as compared to 1H2022 respectively, while revenue from the M& E business segment decreased by 31.1%
· The Group&rsquo s three business segments remained operationally profitable in 1H2023, although overall gross margins were lower, mainly due to an increase in labour and subcontracting costs, particularly for projects that were secured prior to COVID-19 pandemic
· During 1H2023, the Group secured contracts with aggregate provisional contract sum of approximately S$216.9 million, with majority of the contracts being public sector projects with varying completion dates ranging from December 2024 to June 2027
· As at 30 June 2023, the Group had total assets of S$46.35 million with cash and cash balances of S$10.55 million, while total liabilities stood at S$18.34 million
Commenting on the Group&rsquo s 1H2023 results, Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 先 生 ), said, &ldquo The projects that were secured prior to the COVID-19 pandemic generally have a contract period of 1-2 years. Following the easing of the COVID-19 restrictions, these projects required more works as there were minimal maintenance done before we were given access for the servicing.
To meet the project timelines, we had to allocate more resources to these projects, which affected our gross profit margins due to higher labour and subcontracting costs.
During 1H2023, the Group had secured a total of 13 contracts with an aggregate provisional contract sum of approximately S$216.9 million, strengthening our order book and providing visibility for our future.
Looking ahead, we remain focused on executing our strategic plan and we are determined to deliver strong financial performance and create long-term value for our stakeholders.&rdquo
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For_The_Next_Leg
Veteran |
26-Jul-2023 14:52
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$Alpina Holdings(ZXY.SI) As solar gets more important in SG, Alpina will definitely benefit being one of the first mover! https://www.straitstimes.com/asia/se-asia/work-on-indonesia-singapore-floating-solar-farm-in-batam-to-start-next-year |
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For_The_Next_Leg
Veteran |
10-Jul-2023 11:34
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$Alpina Holdings(ZXY.SI) More potential business for Alpina!
" Solar panels are set to be installed at up to 1,075 Housing Board blocks by the third quarter of 2026, as part of Singapore&rsquo s drive to harness more clean energy. This will bring the number of blocks slated to have solar panels to about 9,500."
https://www.straitstimes.com/singapore/solar-panels-to-be-installed-at-1075-hdb-blocks-as-part-of-largest-tender-under-govt-solar-programme
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For_The_Next_Leg
Veteran |
06-Jul-2023 22:04
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$Alpina Holdings(ZXY.SI) Amazing...! More and more contracts! " an aggregate provisional contract sum of approximately S$216.9million" And only at a market cap of 34m!
https://links.sgx.com/1.0.0/corporate-announcements/KCPBVAD25KZF30KO/8c06ebe2869b13eb387e60ff76c2311b9b50446b423f62ee3c2dc06f49cad7ba
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Joelton
Supreme |
04-Jul-2023 10:14
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Alpina Secured Contracts with Aggregate Provisional Contract Sum of Approximately S$216.9 Million during the First Six Months of 2023
&bull Strengthened the Group&rsquo s project pipeline with a total of 13 contracts with an aggregate provisional contract sum of approximately S$216.9 million
&bull Majority of the 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
&bull The contracts have varying completion dates ranging from December 2024 to June 2027
The majority of the 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 Group currently holds 15 Workhead registrations and 2 builder licences with the Building and Construction Authority (&ldquo BCA&rdquo ). 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.
Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said,
&ldquo With a majority of the Contracts being public sector projects, it is another testament to our reputation and strong capabilities in our core industry domains.
Notably, we have also added new contracts from the private sector which will further augment our track record, particularly within the renewable energy sector in Singapore.
The Contracts provide visibility for our future and we will continue to proactively tender for new projects to strengthen our project pipeline.&rdquo
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tedlim
Veteran |
04-Jul-2023 08:24
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Alpina Holdings secures S$216.9m worth of contracts for 6M2023 majority are public sector projects https://www.businesstimes.com.sg/companies-markets/alpina-holdings-secures-s2169m-worth-contracts-q1-majority-are-public-sector https://www.theedgesingapore.com/news/contracts/alpina-secured-contracts-worth-about-2169-mil-1h2023 |
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ahsamtan98
Member |
25-Jun-2023 22:24
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Beyond just the government sector, I believe Alpina will have a growing pool of customers from the private sector too as Singaporeans feel the pinch and look for alternative sources of energy. https://www.energyconnects.com/news/renewables/2023/june/volatile-singapore-power-prices-push-it-to-finally-embrace-solar/ |
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For_The_Next_Leg
Veteran |
23-Jun-2023 00:06
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$Alpina Holdings(ZXY.SI) Solar is one of the major SG future. " Nevertheless, Singapore aims to deploy at least 2 gigawatt-peak of solar energy by 2030. This is equivalent to powering about 350,000 households for a year."
https://www.nccs.gov.sg/singapores-climate-action/singapore-approach-to-alternative-energy/
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For_The_Next_Leg
Veteran |
10-Jun-2023 10:29
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$Alpina Holdings(ZXY.SI) as shared by @Jebus , the newly awarded contract is from MOE. I always thought their business will mainly be with HDB, this meant that their total addressable market is more than what I think.
Go to the website > Check for this project (MOE000ETT22000079)
Mechanical and Electrical Term Contracts for Schools.
TERM CONTRACT FOR PROVISION OF MECHANICAL & ELECTRICAL SYSTEMS MAINTENANCE AND ADDITIONS & ALTERATION WORKS TO SITES FOR A PERIOD OF FORTY-EIGHT (48) MONTHS WITH AN OPTION TO EXTEND FOR TWELVE (12) MONTHS.
https://www.gebiz.gov.sg/ptn/opportunity/opportunityDetails.xhtml
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ahsamtan98
Member |
06-Jun-2023 22:19
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One man&rsquo s trash is another man&rsquo s treasure. Just sounds like more business for Alpina Holdings! https://www.theonlinecitizen.com/2023/06/01/hdb-addresses-long-waiting-times-for-latest-launch-of-bto-flats-yet-applicants-continue-to-flag-various-issues/ |
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ahsamtan98
Member |
27-May-2023 00:57
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Their projects seem to be longer and longer. This might be the government' s own vote of confidence? |
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For_The_Next_Leg
Veteran |
25-May-2023 16:15
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$Alpina Holdings(ZXY.SI) Another 39.6m of order book for 4 years! Amazing! https://www.investingnote.com/posts/2627169 |
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Joelton
Supreme |
23-May-2023 11:14
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Alpina Awarded New Contract with a Provisional Contract Sum of Approximately S$39.6 Million to Provide M& E Maintenance and A& A Works for a Ministry of the Singapore Government
· The contract is expected to commence in June 2023 and complete by June 2027 with an option for the customer to extend the contract for another twelve months
· Barring any unforeseen circumstances or events, the Board expects the contract to contribute positively to the Group&rsquo s financial results and its net tangible assets per share and earnings per share for the duration of the contract
SINGAPORE, 22 May 2023 &ndash Alpina Holdings Limited (高 峰 控 股 有 限 公 司 ) (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), an established Singapore-based specialist in providing integrated building services (&ldquo IBS&rdquo ), mechanical and electrical (&ldquo M& E&rdquo ) engineering services, and alteration and addition (&ldquo A& A&rdquo ) works to public and private sector projects, is pleased to announce that its wholly-owned subsidiary, Digo Corporation Pte. Ltd., has been awarded a forty-eight months term contract to provide M& E maintenance and A& A works (&ldquo Term Contract&rdquo ) for a Ministry of the Singapore Government.
The provisional contract sum of approximately S$39.6 million under the Term Contract is indicative only and may not be an accurate indicator of the actual revenue to be recognised by the Group under the Term Contract as the final contract sum will depend on, inter alia, the actual work to be undertaken by the Group.
Majority of the Group&rsquo s projects are public sector projects of which the Singapore Government or a public university in Singapore is the project owner.
In April 2023, the Group was awarded a contract with a provisional contract sum of approximately S$117 million for the design, installation, construction, testing and commissioning of solar photovoltaic systems in Singapore.
The Group currently holds 15 Workhead registrations and 2 builder licences with the Building and Construction Authority (&ldquo BCA&rdquo ). 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.
Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo We are proud of our strong operational track record in serving government ministries and statutory boards in Singapore and this Term Contract is a strong validation of our commitment to meet the strategic priorities of our customers.
We remain focused on growing our capabilities through a combination of both organic and inorganic growth, while pursuing more higher-margin opportunities in our target markets.&rdquo
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ahsamtan98
Member |
22-May-2023 22:43
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Late to the game! You guys can read the full report here too https://www.theedgesingapore.com/news/contracts/alpina-holdings-wins-contract-me-maintenance-and-aa-works-provisional-sum-396-mil i think all this is great, but Alpina should still leverage on its awesome reputation and break into other countries |
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