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Memiontec Hldgs(TWL.SI) - new ticker, new leg!
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For_The_Next_Leg
Veteran |
20-Dec-2022 14:05
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$Memiontec Hldgs(TWL.SI) " These transactions take the Catalist-listed company&rsquo s order book to S$113 million as at Dec 16, most of which is expected to be undertaken over the next two years, the company said in a bourse filing." Revenue is 34m. Thus the order book could create at least 55m of revenue each year - which could lead to over 60% growth! https://www.businesstimes.com.sg/companies-markets/memiontec-holdings-bags-contracts-totalling-about-s14-million |
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Joelton
Supreme |
20-Dec-2022 09:21
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Memiontec Secures New Contracts in Indonesia and Singapore with a Total Value of S$13 Million
&bull As at 16 December 2022, the Group' s order book stood at approximately S$113 million, including the New Contracts
&bull Majority of the order book is expected to be undertaken in 2023 and 2024
&bull These new contracts are expected to contribute positively to the Group&rsquo s financial results for the duration of the contracts
Memiontec Holdings Ltd (&ldquo Memiontec&rdquo or &ldquo 明 泰 控 股 &rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), a total water solutions provider, is pleased to announce that the Group has secured approximately S$13 million of new contracts in Indonesia and Singapore (&ldquo New Contracts&rdquo ).
The Group secured approximately S$10 million in new contracts in Indonesia, primarily in total solutions with engineering, procurement and construction (&ldquo TSEPC&rdquo ) projects. In addition, the
Group secured a contract (with an approximate value of S$3.6 million) for the replacement of membranes at the Kranji NEWater Factory in Singapore.
As at 16 December 2022, including the New Contracts, the Group&rsquo s order book is approximately S$113 million, most of which is expected to be undertaken over the next two years.
Subject to any unforeseen, unexpected or unplanned circumstances or events, the Board expects the New Contracts to contribute positively both the Group&rsquo s financial results as well as to its net tangible assets per share and earnings per share for the duration of the New Contracts.
While the Group continue to build a growing recurring income base via Build-own-operatetransfer (BOOT) water projects in Indonesia, it is also proactively targeting new projects to increase its order book within existing and new markets. The Group has identified Vietnam as a potential new market for expansion in South East Asia. On 27 October 2022, the Group incorporated a wholly-owned subsidiary in Vietnam, Memiontec Company Limited, to expand its business presence in the country.
Indonesia continues to be a key growth market for Memiontec and the Group has built up a growing team of water solutions professionals in the country since 2004.
With some 20 years of experience in Indonesia, Memiontec has developed strong working relationships with both public and private sector customers domestically such as PDAM (national water agency of Indonesia), PT Jakpro (Jakarta state-owned infrastructure developer), PT PP, PT Abipraya Brantas, Sinarmas, Lippo and others etc.
Memiontec&rsquo s Executive Director and CEO, Mr Tay Kiat Seng (郑 吉 成 ), said, &ldquo Our new contracts awards shows the region&rsquo s sustained demand for water treatment solutions. We continue to adapt to the evolving market by securing new clients.
We are also well positioned to deploy our expertise and operational capabilities to help deliver cost-effective, pragmatic water solutions, particularly as countries in ASEAN look to enhance and improve their water systems and infrastructure for greater water security.&rdquo
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UltraBoy
Member |
06-Dec-2022 11:53
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Nothing new! Look at othe counters in Indonesia. Better run faster. |
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For_The_Next_Leg
Veteran |
06-Dec-2022 11:16
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$Memiontec Hldgs(TWL.SI)
Their focus on indonesia will allow the company to move forward. The lack of clean water in indonesia and the recently indonesia 1billion fund set up by government that is set up will push their business to new heights.
https://www.circleofblue.org/2022/hotspots/hotspots-h2o-polluted-rivers-scarce-water-sinking-capital-report-warns-of-dire-water-threats-facing-indonesia/
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tedlim
Veteran |
24-Nov-2022 07:20
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Why sustainable food and water is a worthwhile investment theme
Around US$30 trillion needs to be spent across different food and water value chains by 2050, creating the potential for new sources of growth in companies in mature sectors
SINCE the beginning of 2022, financial markets have been experiencing heightened volatility against a backdrop of rising interest rates, inflation and peaking economic growth. As at end-July 2022, the MSCI All-Country World Equity Index has recorded a 15.5 per cent drop, with the Bloomberg Barclays Global Aggregate Bond Index also down by 2.7 per cent.
While the persistent supply-chain bottlenecks and the Russia-Ukraine conflict aren' t in any way helping to ease inflationary pressures, we believe that themes that can withstand the impact of these headwinds are likely to gain traction. In fact, some quality companies present interesting opportunities for investors after the global equity and bond sell-off seen in recent months. Investors who are taking a thematic approach may find themselves inspired by structural trends and may look beyond traditional geographies and sectors for opportunities.
ESG (environmental, social and governance) has been a crucial investment theme for some time, and food and water are a core component. The system alone is responsible for around 25 per cent of global greenhouse-gas emissions, and 65 per cent of freshwater usage, according to United Nations data. It also accounts for about 60 per cent of the two billion tonnes of waste produced globally each year, directly or indirectly.
We are also closely watching the energy transition investment theme. The sharp rise in gas prices in the aftermath of the Russia-Ukraine conflict and the relatively lower cost of other viable power sources has made renewable energy even more attractive to end-users and investors. Investors recognise the need for vigorous action to mitigate the risk of climate change immense opportunities can emerge from across the green value chain.
Nordic seafood companies, for example, have demonstrated their tenacity in the unprecedentedly challenging environment we face today. Despite supply-chain disruptions stemming from geopolitical factors, the stock prices of many of these companies continued to surge as investors shifted from growth to value in 2022.
It is estimated that US$30 trillion needs to be spent across the different food and water value chains by 2050 in order to make our current system sustainable. The imperative to achieve this goal creates the potential for new sources of growth in companies from mature sectors that many investors may have written off as old economy.
Shift in consumer behaviour
Consumers today do care about whether food producers and stores are sustainable in the ways they produce, package and sell products.
As consumers become increasingly aware of their impact on the environment, the likes of bamboo straws and paper takeaway boxes have become more and more common in our day-to-day food purchases, while single-use plastic is becoming less so. This is creating a huge demand for companies that focus on sustainable food packaging.
The food packaging industry is expected to grow from US$338.3 billion in 2021 to US$478.1 billion in 2028. Looking back at the sector' s performance in 2022, we noticed that some leading companies in this niche market actually performed extremely well. We believe those that are able to address sustainability-related issues could well be riding on the expected rapid growth.
Three key characteristics
Market volatility and uncertainty will likely continue in the near term. However, some investments can still generate positive return and, more importantly, have a positive impact on the environment. Investors may discover these hidden gems by focusing on companies that are (1) attractively valued, (2) relatively resilient and (3) can combat inflation, as they relatively have more value due to being a consumer staple or positively correlated to commodities prices.
When viewed alongside the anticipated structural shifts - higher yields and efficiency, dietary changes, and reduced waste/emissions - there is a wealth of opportunities across the food and water value chain.
Moreover, the food and water system is an area where problem-solving technology is becoming more widely available consumers are more aware of health and the environment and governments are starting to focus on food sustainability, not simply food security.
Brought together, these factors indicate a food and water system on the cusp of dramatic change. As equity investors, we see the potential for attractive returns to be made by investing in companies with the products and technologies to make this change happen.
Many of these companies generate good cash flows but have suffered price declines because investors perceive the space as " old economy" and unexciting, rather than a growth opportunity. This is partly a result of low food prices, which means there has been little investment.
We think that' s going to change as the imperative to make food and water sustainable creates opportunities for new sources of growth in companies that investors may have written off as old economy in mature sectors.
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Joelton
Supreme |
21-Nov-2022 08:55
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Memiontec eyes doubling market cap by 2026 with sights set on regional expansion
Memiontec&rsquo s chief executive Tay Kiat Seng said the group is looking to hit a market capitalisation of S$500 million by 2026.
WATER treatment company Memiontec : TWL +9.38%had a rough start as a listed company, launching its initial public offering (IPO) on the Singapore Exchange in February 2020 &ndash just as the Covid-19 pandemic was unravelling.
In a recent interview with The Business Times, Memiontec&rsquo s chief executive Tay Kiat Seng recalled how the company had to cut its public float and settle for a lower price-to-earnings ratio because of poor market conditions and cautious investor sentiment. The group had also been hoping for a public float of 20 to 25 per cent, but was forced to trim this to 17 to 20 per cent.
Tay said the company &ldquo bit the bullet&rdquo and forged ahead with the listing anyway. But its problems did not end there, as the company&rsquo s order book and demand for its offerings were hit.
Although Memiontec was classified as an &ldquo essential&rdquo service in Singapore and operations were largely uninterrupted during the pandemic, Tay said the company&rsquo s order book would have been stronger if not for the pandemic. Margins and earnings would have been better too, he added, as the pandemic brought about a slew of problems, including higher costs and labour shortages.
More than two years after the company&rsquo s listing, with the pandemic&rsquo s effects gradually unwinding, Tay is hoping to catch a second wind.
The stock has gained 44.6 per cent this year, with most of the gains coming immediately following a 3-for-1 stock split in May. The company also managed to land a S$56.6 million contract from the Public Utilities Board for the installation of membrane bioreactor equipment in the second phase of the Changi Water Reclamation Plant. Announced in March, this is its largest contract to date.
Tay said he has specific plans to grow Memiontec. &ldquo We have a clear, concise business strategy that was developed together with global consulting firm McKinsey,&rdquo he said, adding that Memiontec is also exploring various fundraising opportunities using bonds, convertibles or share placements for its projects.
With this strategy in place, Tay is targeting a market capitalisation of S$500 million for Memiontec by 2026 &ndash roughly double the company&rsquo s current value of S$231.3 million, based on its close on Friday (Nov 18) at S$0.35 per share.
Diversified player
Memiontec has close to 30 years of experience in water and wastewater management services in Singapore, Indonesia and China. The company began with TSEPC (total solutions with engineering, procurement and construction) projects, but Tay said the income from these projects was often &ldquo lumpy&rdquo in nature &ndash meaning the group would only earn revenue on a per-project basis.
In search of recurring revenue streams, the group diversified into other areas.
To TSEPC, Memiontec has added three other segments: the operation, maintenance and service (OMS) of water treatment plants the sale, distribution and trading of water treatment systems and what it calls &ldquo sales of water&rdquo , which comprises build-operate-own-transfer and transfer-operate-own-transfer projects in Indonesia.
For transfer-operate-own-transfer projects, existing water treatment plants &ndash along with ownership and operational rights &ndash are transferred to Memiontec for up to 20 years. The asset is then transferred back to the owner, usually a government.
For build-operate-own-transfer projects, Memiontec is in charge of the construction of new water treatment plants. The ownership and operational rights are left to Memiontec for up to 25 years before being transferred to a new asset owner.
For the first half of 2022 ended June, Memiontec reported earnings of S$1.1 million &ndash more than double the S$0.5 million in the corresponding year-ago period. This increase came despite a 39.8 per cent decline in revenue to S$16.2 million, and was attributed to higher margins from its TSEPC projects in Indonesia.
As at end-June, the group&rsquo s order book stood at S$121 million. The majority of these projects are expected to be substantially completed within the next two years.
Tay said demand for Memiontec&rsquo s services is expected to grow as countries such as Singapore and Indonesia continue to invest in water security and access to clean water.
Revised growth pillars, strategy
Memiontec&rsquo s revised strategy will see the group making strategic investments for recurring income in the sales of water segment, Tay said.
The company also has its eye on new markets, among them Vietnam. Tay reckons Vietnam will be a &ldquo big market&rdquo for the group, and said the company will look at merger and acquisition opportunities there.
&ldquo (Memiontec) is looking at Vietnam to acquire some build-operate-own-transfer projects, or to start work with some agents to do some of these projects,&rdquo he said.
Memiontec will also scale up project sizes and increase its footprints in Singapore and Indonesia, even as it looks to cut its overhead costs in Singapore. The company will also strengthen its sales distribution network in China, and identify and work with distributors in the region.
Tay believes Memiontec&rsquo s advantage over its competitors lies in the company&rsquo s presence along the entire value chain. While other companies can usually only provide solutions for water or wastewater, Tay added, Memiontec can do both.
In Vietnam, for instance, Tay noted that many companies in the water treatment industry do not have the relevant technology to convert seawater into drinking water. Such gaps in markets present opportunities for Memiontec, he said.
Although the economic environment is currently laced with uncertainty on the back of higher interest rates and rising inflation, Tay said he is confident that the demand for water treatment solutions will be strong in the near to mid term. The company will, however, remain &ldquo prudent&rdquo and not overspend on activities like hiring, he added.
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For_The_Next_Leg
Veteran |
18-Nov-2022 10:30
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$Memiontec Hldgs(TWL.SI)
Opportunities coming for the company. https://en.antaranews.com/news/256249/expediting-distribution-of-clean-water-services
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UltraBoy
Member |
08-Nov-2022 12:11
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This counter is ALL BS. |
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For_The_Next_Leg
Veteran |
07-Nov-2022 13:33
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$Memiontec Hldgs(TWL.SI) More details on the fund. " The new fund will help the government improve clean water access without increasing the burden on the state budget, said Soerono. Only 20% of Indonesians have access to clean water, he said. Many citizens, including those living in the capital of Jakarta, have to rely on pricier deliveries of water in jerrycans, as they lack piped water. " https://www.theedgemarkets.com/article/indonesia-forms-us1-bil-fund-improve-clean-water-access |
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tedlim
Veteran |
01-Nov-2022 18:29
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BlackRock Fund Puts Rich-World Water Crisis on Investing Agenda With hurricanes, floods and other extreme weather, water security is no longer a problem just for the developing world. Inside the world&rsquo s biggest asset manager, there' s an investment strategy that reflects the idea that the rich world will increasingly face a lack of clean water. &ldquo Historically, we often thought of water as being a developing-country problem, but it goes much deeper than that,&rdquo Omar Moufti, product strategist for thematic and sector exchange-traded funds at BlackRock Inc., said in an interview. Moufti said it&rsquo s hard to overstate the long-term risks tied to water scarcity. He also said that &ldquo more severe and frequent droughts and floods across the globe have highlighted&rdquo how urgent the threat is. Britain&rsquo s Victorian-era water works buckled under the pressure of floods in recent months, leaving the UK to deal with sewage spewing into its clean water. In France, over 100 municipalities were without drinking water over the summer, leading the government to ban farmers from irrigating their crops. In central Europe, drought left the Danube and Rhine rivers almost un-navigable, while the Po in Italy dried up. In the US, regional restrictions were enforced on the amount of water municipalities could pump, as water levels in key reservoirs dropped to record lows. And in states such as Mississippi, locals lost access to clean water altogether. Scientists predict that extreme weather events behind such disruptions will become more frequent and intense. &ldquo We need to mitigate those risks,&rdquo Moufti said. The BlackRock fund&mdash the iShares Global Water ETF (ticker DH20@LN)&mdash invests in everything from water utilities and pump manufacturers to companies that improve water efficiency. The top five holdings in the $2 billion exchange-traded fund include American Water Works Co., Xylem Inc., Essential Utilities Inc., Ferguson Plc and Geberit AG. Moufti said the fund reflects the growing concerns about water scarcity in the world&rsquo s richest economies&mdash and it' s a danger that may not be fully priced into the market. It&rsquo s about &ldquo investing in water equipment like pumps, or improving piping to reduce water losses or enhancing waste water treatment,&rdquo Moufti said. So far this year, the BlackRock ETF has dropped 28%, slightly less than the S& P Global Water Net Total Return Index. The fund advanced at an annual rate of 8.3% over the past 10 years. &ldquo Thematic investment is long term, and the rationale behind setting up this fund is that we see it as a long-term structural growth opportunity,&rdquo Moufti said. &ldquo We have an increase in population and water demand, but limited resources. And positive developments on regulations and funding will continue to support this sector.&rdquo |
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tedlim
Veteran |
01-Nov-2022 18:26
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Why sustainable food and water is a worthwhile investment theme Around US$30 trillion needs to be spent across different food and water value chains by 2050, creating the potential for new sources of growth in companies in mature sectors TUE, NOV 01, 2022 - 4:04 PM UPDATED TUE, NOV 01, 2022 - 4:31 PM SINCE the beginning of 2022, financial markets have been experiencing heightened volatility against a backdrop of rising interest rates, inflation and peaking economic growth. As at end-July 2022, the MSCI All-Country World Equity Index has recorded a 15.5 per cent drop, with the Bloomberg Barclays Global Aggregate Bond Index also down by 2.7 per cent. While the persistent supply-chain bottlenecks and the Russia-Ukraine conflict aren&rsquo t in any way helping to ease inflationary pressures, we believe that themes that can withstand the impact of these headwinds are likely to gain traction. In fact, some quality companies present interesting opportunities for investors after the global equity and bond sell-off seen in recent months. Investors who are taking a thematic approach may find themselves inspired by structural trends and may look beyond traditional geographies and sectors for opportunities. ESG (environmental, social and governance) has been a crucial investment theme for some time, and food and water are a core component. The system alone is responsible for around 25 per cent of global greenhouse-gas emissions, and 65 per cent of freshwater usage, according to United Nations data. It also accounts for about 60 per cent of the two billion tonnes of waste produced globally each year, directly or indirectly. We are also closely watching the energy transition investment theme. The sharp rise in gas prices in the aftermath of the Russia-Ukraine conflict and the relatively lower cost of other viable power sources has made renewable energy even more attractive to end-users and investors. Investors recognise the need for vigorous action to mitigate the risk of climate change immense opportunities can emerge from across the green value chain. Nordic seafood companies, for example, have demonstrated their tenacity in the unprecedentedly challenging environment we face today. Despite supply-chain disruptions stemming from geopolitical factors, the stock prices of many of these companies continued to surge as investors shifted from growth to value in 2022. It is estimated that US$30 trillion needs to be spent across the different food and water value chains by 2050 in order to make our current system sustainable. The imperative to achieve this goal creates the potential for new sources of growth in companies from mature sectors that many investors may have written off as old economy. Shift in consumer behaviour Consumers today do care about whether food producers and stores are sustainable in the ways they produce, package and sell products. As consumers become increasingly aware of their impact on the environment, the likes of bamboo straws and paper takeaway boxes have become more and more common in our day-to-day food purchases, while single-use plastic is becoming less so. This is creating a huge demand for companies that focus on sustainable food packaging. The food packaging industry is expected to grow from US$338.3 billion in 2021 to US$478.1 billion in 2028. Looking back at the sector&rsquo s performance in 2022, we noticed that some leading companies in this niche market actually performed extremely well. We believe those that are able to address sustainability-related issues could well be riding on the expected rapid growth. Three key characteristics Market volatility and uncertainty will likely continue in the near term. However, some investments can still generate positive return and, more importantly, have a positive impact on the environment. Investors may discover these hidden gems by focusing on companies that are (1) attractively valued, (2) relatively resilient and (3) can combat inflation, as they relatively have more value due to being a consumer staple or positively correlated to commodities prices. When viewed alongside the anticipated structural shifts &ndash higher yields and efficiency, dietary changes, and reduced waste/emissions &ndash there is a wealth of opportunities across the food and water value chain. Moreover, the food and water system is an area where problem-solving technology is becoming more widely available consumers are more aware of health and the environment and governments are starting to focus on food sustainability, not simply food security. Brought together, these factors indicate a food and water system on the cusp of dramatic change. As equity investors, we see the potential for attractive returns to be made by investing in companies with the products and technologies to make this change happen. Many of these companies generate good cash flows but have suffered price declines because investors perceive the space as &ldquo old economy&rdquo and unexciting, rather than a growth opportunity. This is partly a result of low food prices, which means there has been little investment. We think that&rsquo s going to change as the imperative to make food and water sustainable creates opportunities for new sources of growth in companies that investors may have written off as old economy in mature sectors. |
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For_The_Next_Leg
Veteran |
25-Oct-2022 14:31
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$Memiontec Hldgs(TWL.SI) Somehow I believe the company will benefit from this Fund.
https://www.bloomberg.com/news/articles/2022-10-17/indonesia-forms-1-billion-fund-to-improve-clean-water-access
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Skyeng
Member |
18-Oct-2022 10:57
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Hi All, any news to shares on Memiontec? Heard the BOOT is very successful and kick off selling water in Indo. |
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For_The_Next_Leg
Veteran |
10-Oct-2022 15:40
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$Memiontec Hldgs(TWL.SI) May 22 news but still relevant. Clean water in Indonesia only reaches 11%. Market still huge for memiontec. https://en.antaranews.com/news/230017/safe-drinking-water-access-in-indonesia-reaches-11-percent-vp |
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For_The_Next_Leg
Veteran |
07-Sep-2022 13:45
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$Memiontec Hldgs(TWL.SI) Relooking at the financials: higher gross profit is the main result of higher net profit despite a drop of 40% in revenue. Reason being there is more construction revenue recognize in Indonesia. SG margins are lower. So if they continue to get projects in Indonesia, their margins and net profit will continue to improve. https://links.sgx.com/1.0.0/corporate-announcements/AF8E9XI9QEQFF1CS/95c8a6c624cd6d79e3d8a94e985a7505c8d0244295d13ff886ccc6edfac60037 |
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WBdisciple
Master |
30-Aug-2022 09:49
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Singapore is blessed...our neighbours have a lot more to catch up and Memiontec will be a key beneficiary especially with their strong presence in INdonesia: Indonesian capital Jakarta struggles as climate change disrupts water balance INDONESIA Sunday, 28 Aug 2022 https://www.thestar.com.my/aseanplus/aseanplus-news/2022/08/28/indonesian-capital-jakarta-struggles-as-climate-change-disrupts-water-balance Water vendors fill the blue plastic jerry cans with tap water from city company pipes in a neighborhood just outside of Muara Angke passenger port, in the coastal municipality of North Jakarta on Aug. 6 . Each can contains up to 20 liters of water to be sold for at least Rp 5,000 (US$ 0.34). - Jakarta Post/ANN JAKARTA, Aug 28 (Jakarta Post/ANN): Jakartans - especially those living in areas unreached by the city&rsquo s pipe network - are still struggling to access clean potable water as scientists predict that climate change will disrupt water balance and a harsher El Niñ o can potentially spell problems for the city&rsquo s water resources. With Jakarta&rsquo s pipe network managed by the city-owned PAM Jaya only covering 64 percent of the city, several areas have to contend with using groundwater and even buy water delivered in blue plastic barrels. Muhadi, 43, the head of neighborhood unit (RT) 10 in Pluit, Penjaringan, North Jakarta near the Muara Angke Passenger Port, is among those whose area has not been reached by piping access from PAM Jaya. For his household, Muhadi relies on groundwater pumped from a nearby well, occasionally buying blue plastic jerry cans of water from wandering carts. Every day, he has to buy around five to six 20-liter cans of water, priced at minimum Rp 5,000 (US$0.34) each. Muhadi said that some households would need as many as 15 cans if they are a large household or if they run a small business like a warteg (rice and side dishes stall). &ldquo Some people also dig shallow wells, but the water is often dirty,&rdquo Muhadi said early this month. Several houses in Muara Angke have wells less than two meters deep. Because the neighborhood is near the coast and does not have a proper sewage system, wastewater often seeps into the ground and back into the wells. He added that water is usually available all year round, with scarcity usually happening around the fasting month of Ramadhan and Idul Fitri, which falls between June and September in the 2010s and between April and July in early 2020s, as lots of water was used to prepare for the festivities. He said that the residents had asked the city water company to install pipes, but were told that installing pipes there was not possible due to the unclear legal status of the houses in Muara Angke. Jakarta&rsquo s supply water even for those with pipes could be vulnerable to climate change, especially during the El Niñ o period. The National Research and Innovation Agency (BRIN) professor of meteorology and climatology Edvin Aldrian said that Jakarta and its surrounding areas naturally have access to water because of relatively short rivers running from the mountains to the relatively flat coast. He said that based on geography alone, Jakarta has an abundance of water and might not suffer from a long-term water crisis. &ldquo The problem related to water here is seasonal. Our concern is mainly the dry season which, if prolonged, could cause water shortages,&rdquo Edvin said on Aug. 2. He said that the Intergovernmental Panel on Climate Change (IPCC) reports had indicated that the climate in the future would be more El Niñ o-like due to global warming, while El Niñ o events will also increase in intensity and frequency. However, he pointed out that El Niñ o doesn' t usually last until December, and even a relatively short rainy season should be enough to replenish the north coast of Java near Jakarta. Java island would experience a worsening water deficit until 2070 according to a research by the Indonesian Institute of Sciences (LIPI) &ndash the precursor institute of BRIN &ndash a geotechnology center based on modeling using the MAGICC/SCENGEN regional climate scenario generator in 2005 and in 2018 on the impact of climate change on water balance. Meanwhile, a study by the National Development Planning Agency (Bappenas) in 2019 predicted that, by 2045 about 9.6 percent of the Java, Bali and Nusa Tenggara regions would experience a water crisis, an increase from 6 percent in 2000. Firdaus Ali, hydrologist and founder of Indonesia Water Institute, said that Jakarta already had a myriad of problems that affect clean water access, and climate change would also exacerbate such problems. He said that pipe water leakage in the existing supply system is at 46 percent, when ideally it should be less than 25 percent. Actual service coverage by PAM Jaya might actually be less than 64 percent of piping coverage as the latter only counted official residents of Jakarta while discounting impacts of leakages and disturbances in the piping system. &ldquo Before we even talk about climate change, Jakarta is already struggling to provide clean water,&rdquo Firdaus said. He stressed that the problem of water sourcing is also crucial because even though there are 13 rivers running through the city, they cannot be used as sources of potable water due to pollution. Instead, Jakarta relies on sources outside the city such as Jatiluhur Dam in West Java, where Jakarta gets 81 percent of its piped water. PAM Jaya has aimed for Jakarta to provide a 100 percent coverage of the drinking water system by 2030, as quoted by Antara. The water company President Director Arief Nasrudin said it is important to do so because continued extraction of water could worsen Jakarta&rsquo s environmental problems, such as land subsidence. The capital&rsquo s effort to increase piping coverage also comes as its 25-year contract with private water companies Aetra and Palyja are due to expire by next year. In late July, PAM Jaya Service Director Syahrul Hasan said that the company was committed to ending water privatization in the city, with the transition period starting from August 2022 until January 31, 2023. - The Jakarta Post/ANN |
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LowLow12
Elite |
24-Aug-2022 08:34
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Wonder how is their trade with caution BBs?
It has been about a year the case Should be under investigation now |
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tedlim
Veteran |
24-Aug-2022 08:14
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https://www.investor-one.com/editorial/21475-Stocki1-Memiontec-Holdings-Limited-Post-Result-Announcement
Management OutlookBased on the management outlook, Memiontec highlighted that over the next 12 months in Singapore, there are prospects from larger scale public tenders relating to membrane processes and Mechanical, Electrical, Instrument, Control and Automation works for the Tuas Water Reclamation Plant and other water works which are expected to be awarded by the PUB in various contract packages. In Indonesia, the need for clean water and wastewater treatment continues to be a priority. The National Medium Term Development Plan 2020-24 in Indonesia targets to achieve 100% access to safe water supply and 90% access to sanitation for Indonesian households by 2024. This means additional opportunities in TSEPC contracts and BOOT projects for the Group. As disclosed in the Company&rsquo s annual report for FY2021, the Group has identified Vietnam as a potential new market for expansion in Southeast Asia. The Group sees strong demand for water and wastewater treatment projects in Vietnam as Vietnam has an ambitious plan to upgrade its wastewater treatment capacity. With the positive momentum for water treatment demand in the region, the Group will continue to participate in public and private tenders to increase its revenue and earnings in the TSEPC and OMS business segments, as well as broaden its participation in BOOT projects. |
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WBdisciple
Master |
24-Aug-2022 07:34
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As drought risks rise, investors eye thirsty companies, solutions
AS droughts worsen across the world, investors are turning up the heat on companies wasting water and trying to pick winners from a sparse crowd of specialist listed companies looking to address the problem.
From Kenya to California and nearly half of Europe, a shortage of fresh water has grabbed the attention of policymakers and given millions of citizens a fresh window into the stressed state of the planet.
Against that backdrop, a group of investors managing nearly US$10 trillion on Aug 16 said they planned to step up efforts to pressure boards to better manage the critical resource and could vote against directors of laggard firms.
The vested interest in doing so is clear: analysis from environmental disclosure platform CDP and Planet Tracker in May showed listed companies could face losses of at least US$225 billion from risks related to water.
&ldquo These are no longer far-off events they are happening right now,&rdquo said Dexter Galvin, CDP&rsquo s global director of corporations and supply chains.
Last week, for example, Toyota suspended production at a plant in China&rsquo s Sichuan province amid a drought-induced power shortage.
Awareness of how fraught the situation is - with 2.3 billion people currently living in water-stressed countries, according to the United Nations - has led a number of asset managers to launch equity funds to tap growing interest among investors to help find a solution.
Global data from Morningstar Direct shared with Reuters shows 23 water funds launched over the last 5 years, with a collective US$8 billion in assets at the end of July.
David Grumhaus, Jr, portfolio manager for the US$812 million Virtus Duff & Phelps Water Fund, said there has been a &ldquo spillover effect&rdquo as water crises have worsened.
&ldquo When the top news story is that boats can&rsquo t make it through the Rhine River and Germans aren&rsquo t going to get all their supplies, it does definitely make people think about water and our fund,&rdquo he said.
WATERED DOWN?
Despite their name, water equity funds do not directly own water rights, which are highly localised and regulated, and instead invest in companies with business exposure to water, according to Morningstar senior manager research analyst Bobby Blue.
Common holdings include utility American Water Works Company, water technologist Xylem, and the Swiss industrial firm Georg Fischer, which works on the safe transportation of water.
The number of listed companies exclusively focused on this commodity, so-called pure plays, is small, fund managers and analysts said.
Simon Gottelier, co-manager of the US$282 million Thematics Water Fund, estimated that there are around 25 to 30 investable water utilities globally, as well as a &ldquo handful&rdquo of water technology businesses.
&ldquo Everyone wants to do something about water, but it&rsquo s just difficult to do so through public equities,&rdquo said Morningstar&rsquo s Blue.
Managers therefore turn to a larger pool of companies which have water segments alongside other business units. Many of these focus on desalination, smart irrigation, and pollution prevention.
Cedric Lecamp, manager of the US$9.2 billion Pictet-Water Strategy, said his firm has identified 360 companies with a &ldquo meaningful exposure to the water theme.&rdquo
His fund&rsquo s largest position at the end of July was Danaher Corporation, which owns water quality businesses but derives most of its revenue from the life sciences and diagnostics sectors, according to company filings.
Water fund managers called this diversification beyond pure-play utilities not only necessary, but a potential asset given the range of companies working on water solutions.
&ldquo There hasn&rsquo t been a massive explosion of new companies who are providing solutions in the water space,&rdquo said Justin Winter, co-manager of the US$7.3 billion Impax Water Strategy.
&ldquo But the outlook for the existing companies basically has never been better.&rdquo
Xylem senior vice president Albert Cho said it forecasts revenue growth around 5 per cent through 2025 as customers look to boost water efficiency. That&rsquo s not a high growth rate for a technology company, but Cho called it significant for the water sector, where buyers often are underfunded local utilities.
Many see digitizing their infrastructure as a powerful tool to boost efficiency such as by spotting underground pipe losses. With the right equipment, &ldquo you know where your water is and where it&rsquo s leaking and can do something about it,&rdquo Cho said.
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Joelton
Supreme |
11-Aug-2022 09:20
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Memiontec&rsquo s Gross Profit Jumped 34.2% with Net Profit Surging 123.3% in 1H2022
&bull Indonesia accounted for 57.2% of the Group&rsquo s revenue in 1H2022 as more total solutions with engineering, procurement and construction (or TSEPC) projects in Indonesia were completed during the period under review
&bull Despite lower revenue registered in 1H2022, the Group&rsquo s gross profit jumped 34.2% to S$3.6 million as its Indonesia&rsquo s TSEPC activities commanded higher margins
&bull Resilient balance sheet
&bull Order book of approximately S$121 million as at 30 June 2022, with majority of these
projects expected to be substantially completed within the next two years
&bull The Group&rsquo s 3 Build-Operate-Own-Transfer (or BOOT) / Transfer-Operate-Own-Transfer (or TOOT) projects in Indonesia continued to supply and sell water to
consumers at capacity as in accordance to the 25 years contractual concession
Memiontec Holdings Ltd. (&ldquo Memiontec&rdquo or &ldquo 明 泰 控 股 &rdquo ， the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce that it has achieved a strong bottom line for the half year ended 30 June 2022 (&ldquo 1H2022&rdquo ) with net profit attributable to owners of the Company surging 123.3% to approximately S$1.1 million.
Commenting on the 1H2022 results, Memiontec&rsquo s Executive Director and CEO, Mr Tay Kiat Seng (郑 吉 成 ), said, &ldquo Our performance reflects the robustness of our business model, enabling diversification and creating positive momentum towards our 2026 vision of achieving growth in profit and increase in market capitalisation.
We completed a significant part of the work for the replacement of a membrane filtration system at Tuas South Desalination Plant in 1H2021, while majority of the works relating to our largest contract to date of S$56.6 million, C22C Contract, is scheduled to commence from the second half of 2022.
For 1H2022, our Indonesia&rsquo s TSEPC activities have been a key contributor to our performance as we remain focused in our delivery of quality water treatment plants to our customers.&rdquo
Mr Tay continued, &ldquo With our growth strategies towards our vision for 2026, we aim to scale up our BOOT portfolio and secure larger TSEPC and OMS contracts in the region.&rdquo
Indonesia contributed 57.2% or S$9.3 million of total revenue in 1H2022: The Group registered revenue of S$16.2 million in 1H2022 as compared to revenue of S$26.9 million in 1H2021.
This was mainly due to lower volume of scheduled works from the TSEPC segment in Singapore, following the completion of a significant part of the project for the design, engineering, procurement, construction and plant proofing works for the replacement of a membrane filtration system at Tuas South Desalination Plant, the largest desalination plant in Singapore and South East Asia. This project was awarded to the Group by Public Utilities Board of Singapore (&ldquo PUB&rdquo ) in September 2019 and was issued the Certificate of Substantial Completion in September 2021.
The Group secured its largest contract to date following the award of a S$56.6 million contract (the &ldquo C22C Contract&rdquo ) by PUB in March 2022. The C22C Contract involves the installation of membrane bioreactor equipment, which has a treatment capacity of 22 million gallons per day for the Changi Water Reclamation Plant Phase 2. The work under the C22C Contract commenced in May 2022 and the contract duration is estimated to be about 23 months.
The Group&rsquo s revenue from Indonesia increased significantly to S$9.3 million, accounting for 57.2% of the Group&rsquo s total revenue in 1H2022 (1H2021: S$5.3 million). The revenue contribution from Indonesia grew with the resumption of work following improvements in the COVID-19 pandemic situation in 1H2022.
Revenue from the Group&rsquo s operation, maintenance and service (or OMS) business segment decreased to S$1.7 million in 1H2022 as compared to S$2.0 million in 1H2021, mainly due to the completion of certain higher value OMS contracts in the financial year ended 31 December 2021 (&ldquo FY2021&rdquo ), partially offset by new contracts secured and commenced in 1H2022. The Group continues to proactively participate in the tendering of new OMS projects in both Singapore and Indonesia.
The Group&rsquo s sales and distribution of water treatment systems and trading (or SDS) business segment achieved strong revenue growth in 1H2022 due to higher sales volume during the period under review.
Notably, revenue from the Group&rsquo s sales of water (or SOW) business segment increased by 14.8% in 1H2022 as its jointly operated water treatment plant in Indonesia was able to sell a higher volume of treated water in 1H2022.
The Group&rsquo s, gross profit margin increased by 12.4 percentage points to 22.4% in 1H2022 as the Group&rsquo s operations in Indonesia, which commanded higher margins.
Correspondingly, the Group&rsquo s gross profit increased by 34.2% to S$3.6 million in 1H2022 (1H2021: S$2.7 million).
Net profit attributable to owners of the Company increased 123.3% to S$1.1 million in 1H2022: Overall, Memiontec recorded net profit attributable to owners of the Company of S$1.1 million in 1H2022 (1H2021: S$0.5 million). For FY2021, Memiontec registered net profit attributable to owners of the Company of S$1.5 million.
Order book: As at 30 June 2022, the Group has an order book of approximately S$121 million, with majority of these projects expected to be substantially completed within the next two years.
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