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$Alpina Holdings(ZXY.SI) other than the solar projects, the company still have it' s integrated building services which will benefit as more BTO get completed.
https://www.btohq.com/bto-top-tracker
A little too far off from the little red dot, but could this actually be great news for Alpina? https://www.eco-business.com/news/a-us200-billion-opportunity-in-southeast-asia-lies-in-solar-two-wheeler-evs-batteries-mckinsey-report/
A little late to the game but it seems like they' re buying dormitories now? Will really like to see what the game plan is here. Perhaps greener dormitories? https://sbr.com.sg/building-engineering/news/alpina-holdings-take-over-wan-dormitory-24m
$Alpina Holdings(ZXY.SI) there is a struggle for power in US on solar now. Basically Biden allow waiver for business that took panels from SEA companies that fixed these parts tgt will not have tariffs even if parts from China. The house is challenging this now. My view is if the house wins, Alpina benefit from possible lower cost since panels in SEA may get cheaper. If Biden veto and wins, Alpina will not suffer as cost already included.
https://www.reuters.com/world/us/biden-veto-legislation-block-solar-tariff-waivers-officials-2023-04-24/
An oldie, but a goldie. Especially the part about diversification. Doing a ton of research on this field lately and this was one of my best reads. Hopefully my interest in Alpina would be a step in the right direction. https://privatebank.barclays.com/insights/2022/november/global-outlook-2023/case-for-investing-in-clean-energy/
Even more good news for the industry! https://www.globallegalpost.com/news/greenberg-traurig-eyes-asia-renewables-boom-as-firm-opens-in-singapore-447997290
$Alpina Holdings(ZXY.SI) Alpina Holdings services will be much more in demand in the future.
https://www.straitstimes.com/singapore/s-pore-plans-to-upgrade-electricity-grid-amid-rising-energy-demand-increasing-use-of-renewables
https://www.straitstimes.com/singapore/s-pore-plans-to-upgrade-electricity-grid-amid-rising-energy-demand-increasing-use-of-renewables
It' s not just HDBs, but also government buildings now! Imagine if Alpina actually gets those contracts too? https://www.straitstimes.com/singapore/housing/solar-panels-to-be-installed-on-1290-hdb-blocks-by-2025-bringing-total-to-8400-blocks
If I' m not wrong, the SolarNova project (same one that awarded Alpina with this gigantic $117 million contract) has only issued tenders for about 70% of HDBs in Singapore. If Alpina does well for this, it could mean a sustained (and large) source of income for the company.
$Alpina Holdings(ZXY.SI) Awarded a new contract that is worth over $117m! Definitely will significantly to boost their revenue moving forward. Let' s not forget that their revenue only around $50m. This could double their revenue in the coming year!
https://www.theedgesingapore.com/news/contracts/alpina-holdings-clinches-contract-solar-photovoltaic-systems-provisional-contract-sum
This counter is on my radar screen....99% customers are Singapore govt entities, dividend paying, new growth catalysts in Solar Energy.
Recent dorm acquisition is prob to control internal costings and add another layer of revenue flow. Today' s BT article on Centurion highlighted the shortage of dorm in Singapore..clever move by Alpina team. Let' s see how it flow down to their financials.
Pls do your own DD.
Recent dorm acquisition is prob to control internal costings and add another layer of revenue flow. Today' s BT article on Centurion highlighted the shortage of dorm in Singapore..clever move by Alpina team. Let' s see how it flow down to their financials.
Pls do your own DD.
Alpina unit bags S$117 million project to build solar panels
ALPINA ENERGY, a wholly-owned subsidiary of Catalist-listed Alpina Holdings : ZXY 0%, announced on Monday (Apr 3) that it has clinched a contract worth S$117 million to design, install, construct, test and commission solar photovoltaic systems for a Housing and Development Board (HDB) project.
The contract from HDB was jointly awarded to two companies last year. One of them was Digo Corporation, which is a wholly-owned subsidiary of Alpina Holdings, as well as another company known as Terrenus Energy.
The two later set up a joint venture company, Novasix, in a 51:49 ownership and subcontracted the project to Alpina Energy.
The group expects the contract to be completed by end-2024. The contract is also not expected to have a material impact on the group&rsquo s earnings per share and net tangible assets per share for the financial year ending Dec 31, 2023.
It added that the S$117 million provisional contract sum is only an indicative figure and may not be an actual revenue figure that will be recognised.
The final contract sum will depend on the actual energisation capacity at the final design stage, as well as during the implementation phase of the project, said Alpina Holdings in a filing with the Singapore Exchange.
Recent big news from this sleeping beauty...
1. bought a workers dormitary for S$24 million
2. won a S$117m solar energy contract that is targeted to be compelted in 2024..that means about S$55m that can be recognised over 2 years. last 2 years full year revenue is average of S$50million...so the solar energy contract alone will bring in that amount...(pls do your own DD).
Interesting once this sleeping beauty awakes..
1. bought a workers dormitary for S$24 million
2. won a S$117m solar energy contract that is targeted to be compelted in 2024..that means about S$55m that can be recognised over 2 years. last 2 years full year revenue is average of S$50million...so the solar energy contract alone will bring in that amount...(pls do your own DD).
Interesting once this sleeping beauty awakes..
Alpina Awarded Contract in Singapore with a Provisional Contract Sum of Approximately S$117 Million Representing Largest Single Contract Secured by Alpina till Date
- The contract involves the design, installation, construction, testing and commissioning of solar photovoltaic systems for the Project
- The final contract sum under the contract will be dependent on, inter alia, the actual energisation capacity at the final design stage as well as during the implementation phase of the Project
- Barring unforeseen circumstances, the contract is expected to be completed by the end of 2024
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, Alpina Energy Pte. Ltd. (&ldquo Alpina Energy&rdquo ), has been awarded a renewable energy project in Singapore with a contract value of approximately S$117 million.
The renewable energy project is the latest single contract secured by the Group till date and it was awarded by Novasix Pte Ltd, which was incorporated by the Group&rsquo s wholly-owned subsidiary, Digo Corporation Pte Ltd (&ldquo Digo&rdquo ), and Terrenus Energy (&ldquo Terrenus Energy&rdquo ), a renewable energy systems developer and solutions provider based in Singapore.
In March 2022, both Digo and Terrenus Energy were jointly awarded the sixth solar leasing tender under the SolarNova programme (the &ldquo Solarnova Phase 6 Project&rdquo ) by the Housing & Development Board (&ldquo HDB&rdquo ).
The renewable energy project involves the Design, Installation, Construction, Testing and Commissioning for the Solarnova Phase 6 Project, which aims to aggregate public sector demand for the installation of solar panels across 1,198 HDB blocks and 57 government sites. In addition, the Solarnova Phase 6 Project 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.
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.
Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo Together with Terrenus Energy, we are delighted to have reached another key milestone in our renewable energy venture.
For Alpina, it is much more significant as the contract value of S$117 million marks the largest single contract ever secured by the Group.
With Alpina&rsquo s integrated capabilities and focus on operational excellence, we are well-positioned to build up our track record as an enabler for green energy.
Solar energy is pivotal in mainstreaming renewable energy usage in Singapore, hence we look forward to work closely with our partners to bring the Solarnova Phase 6 Project to fruition, generating steady commercial and environmental value in the long run for stakeholders.&rdquo
$Alpina Holdings(ZXY.SI) further evidence that wan dormitory business is a good move.
https://www.straitstimes.com/singapore/foreign-worker-housing-at-full-capacity-with-situation-unlikely-to-ease-soon
https://www.straitstimes.com/singapore/foreign-worker-housing-at-full-capacity-with-situation-unlikely-to-ease-soon
$Alpina Holdings(ZXY.SI) this is great business. Good expansion plan for them.
https://www.businesstimes.com.sg/companies-markets/alpina-holdings-secures-term-sheet-buy-wan-dormitory-s24-million
Alpina Holdings secures term sheet to buy Wan Dormitory for S$24 million
ENGINEERING services company Alpina Holdings has entered into a non-binding term sheet to take over Wan Dormitory for S$24 million.
Back in 2016, the property at 180 Woodlands Industrial Park E5 was disposed of by Oriental Group, which has since delisted, for S$24.2 million to alleviate its financial woes.
On Wednesday (Mar 15), Alpina said it is looking to acquire the property as there is a shortage of dormitories in Singapore, and the group has faced difficulties in expanding its foreign worker strength due to the lack of available dormitories.
&ldquo The group intends to acquire the target as an investment, as well as for the group&rsquo s own use as additional dormitory space for its workers,&rdquo it added.
As of Mar 15, Dacai Pte Ltd, a company involved in the wholesale of fruits and vegetables, owns 99 per cent of the property&rsquo s shares, while Dong Cai, the sole director of Wan Dormitory, owns the remaining 1 per cent. The group noted that Dong, together with his wife, collectively own the entire issued and paid-up share capital of Dacai.
Alpina also said Dacai and Dong are both independent third parties who are unrelated to any of the directors or controlling shareholders of the company.
From now till Sep 12, Alpina and the vendors will work towards negotiating, finalising and entering into definitive agreements, it added.
ENGINEERING services company Alpina Holdings has entered into a non-binding term sheet to take over Wan Dormitory for S$24 million.
Back in 2016, the property at 180 Woodlands Industrial Park E5 was disposed of by Oriental Group, which has since delisted, for S$24.2 million to alleviate its financial woes.
On Wednesday (Mar 15), Alpina said it is looking to acquire the property as there is a shortage of dormitories in Singapore, and the group has faced difficulties in expanding its foreign worker strength due to the lack of available dormitories.
&ldquo The group intends to acquire the target as an investment, as well as for the group&rsquo s own use as additional dormitory space for its workers,&rdquo it added.
As of Mar 15, Dacai Pte Ltd, a company involved in the wholesale of fruits and vegetables, owns 99 per cent of the property&rsquo s shares, while Dong Cai, the sole director of Wan Dormitory, owns the remaining 1 per cent. The group noted that Dong, together with his wife, collectively own the entire issued and paid-up share capital of Dacai.
Alpina also said Dacai and Dong are both independent third parties who are unrelated to any of the directors or controlling shareholders of the company.
From now till Sep 12, Alpina and the vendors will work towards negotiating, finalising and entering into definitive agreements, it added.
https://links.sgx.com/1.0.0/corporate-announcements/7JTJOG3YKISF8HHT/b51a6c4cafb8428612acbd8fa04d5726fcec43a1f74da5d9465a3995ee277b39
1.1 The board of directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Alpina Holdings Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company has on 15 March 2023 entered into a non-binding term sheet (&ldquo Term Sheet&rdquo ) with Dacai Pte. Ltd., a company incorporated in Singapore (&ldquo Dacai&rdquo ), and Mr. Dong Cai (collectively, the &ldquo Vendors&rdquo ) in relation to the proposed acquisition of the entire issued and paid-up share capital (the &ldquo Target Shares&rdquo ) of Wan Dormitory Pte. Ltd. (the &ldquo Target&rdquo ) (the &ldquo Proposed Acquisition&rdquo ). Information on the Target
1.2 As at the date of this announcement, the Target is a company incorporated in Singapore and is the registered owner of the property situated at 180 Woodlands Industrial Park E5, Singapore 757512 (the &ldquo Property&rdquo ). Based on representations by the Vendors, the Target is primarily engaged in the operation of a dormitory situated at the Property. Rationale for the Proposed Acquisition
1.3 The Group notes that there is a shortage of dormitories in Singapore, and the Group has faced difficulties in expanding its foreign worker workforce due to the lack of available dormitories. The Group intends to acquire the Target as an investment, as well as for the Group&rsquo s own use as additional dormitory space for its workers.
1.1 The board of directors (the &ldquo Board&rdquo or &ldquo Directors&rdquo ) of Alpina Holdings Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company has on 15 March 2023 entered into a non-binding term sheet (&ldquo Term Sheet&rdquo ) with Dacai Pte. Ltd., a company incorporated in Singapore (&ldquo Dacai&rdquo ), and Mr. Dong Cai (collectively, the &ldquo Vendors&rdquo ) in relation to the proposed acquisition of the entire issued and paid-up share capital (the &ldquo Target Shares&rdquo ) of Wan Dormitory Pte. Ltd. (the &ldquo Target&rdquo ) (the &ldquo Proposed Acquisition&rdquo ). Information on the Target
1.2 As at the date of this announcement, the Target is a company incorporated in Singapore and is the registered owner of the property situated at 180 Woodlands Industrial Park E5, Singapore 757512 (the &ldquo Property&rdquo ). Based on representations by the Vendors, the Target is primarily engaged in the operation of a dormitory situated at the Property. Rationale for the Proposed Acquisition
1.3 The Group notes that there is a shortage of dormitories in Singapore, and the Group has faced difficulties in expanding its foreign worker workforce due to the lack of available dormitories. The Group intends to acquire the Target as an investment, as well as for the Group&rsquo s own use as additional dormitory space for its workers.
$Alpina Holdings(ZXY.SI) The silver lining for the recent result is that the company was still able to generate FCF of over $885K despite profit dropping significantly (which was due increase in COGS). If the management is able to continue to be manage cost well and get more orders, things will be great in the future.
https://links.sgx.com/1.0.0/corporate-announcements/2XIGRJFLUK34DQP3/5fb567c44a24bacfb2c670245899c9b38679ab46210bed5f4bcb0a1447875c63
Alpina Posts Revenue of S$49.89 Million with Net Profits of S$2.04 Million for FY2022 Total Dividends of 0.5424 Singapore Cents Per Share in FY2022
- Revenue from the A& A business segment jumped 110.8% to S$7.48 million in FY2022, while revenue from its IBS business segment remained relatively stable at S$33.76 million
- The Group&rsquo s three business segments remained operationally profitable although overall gross margin was lower in FY2022, mainly due to increase in labour and subcontracting costs
- With the proposed final dividend of 0.1085 Singapore cents per share, total dividends for FY2022 amounts to 0.5424 Singapore cents per share, compared to total dividends of 0.2712 Singapore cents per share in FY2021
- Dividend payout amount underscores Alpina&rsquo s commitment to recommend and distribute dividends of a minimum of 50% of its profit attributable to equity holders of the Company in respect of FY2022 and FY2023
SGX-listed Alpina Holdings Limited (高 峰 控 股 有 限 公 司 ), 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, has today announced its unaudited results for the financial year ended 31 December 2022 (&ldquo FY2022&rdquo ).
Commenting on the Group&rsquo s FY2022 results, Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 先 生 ), said, &ldquo Committed to the timely delivery of our customers&rsquo projects, we faced higher labour and subcontracting costs in FY2022 due to the persistent labour shortages in the market.
While this has affected our financial results in FY2022, our three business segments remained profitable with positive cash flow generated from our operations.Anchored by our business model as an integrated facilities specialist, we remain focused on operational execution, enhancing our operating margins, and securing new contracts within our operating markets.
In July 2022, the Group obtained the Certified Facilities Management Company certification from the Singapore International Facility Management Association, enabling us to be more wellpositioned to secure new Integrated Facilities Management and IBS projects moving forward.&rdquo
On the dividend payout for FY2022, Mr. Low, said, &ldquo The increase in our total dividends highlights our steadfast commitment to shareholders as stated previously in our Offer Document. With the financial agility from our healthy balance sheet, we remain proactive in pursuing growth opportunities that complements our business model and enhances long-term sustainable value to our shareholders.&rdquo