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medtec cheong ....
let' s aim 60.
positive company and upcoming coverages by various houses. in line with global trends ESG, recycling, gloves, medicine and even a taxi company.
buy today
positive company and upcoming coverages by various houses. in line with global trends ESG, recycling, gloves, medicine and even a taxi company.
buy today
should move soon...
pepperfox ( Date: 21-Oct-2022 08:16) Posted:
|
Buy buy buy.
time to cheong ??
With yesterday?s spike of volume., I think there should be some trading to continue. Fingers crossed.
As mentioned yesterday, this counter was out of the limelight for quite sometime and wondered why, until today.
This also up
CGS-CIMB Research analyst Izabella Tan has taken a closer look into Enviro-Hub Holdings&rsquo prospects in an unrated report dated Oct 11.
In her report, the analyst notes that Enviro-Hub plans to focus on growing its e-waste recycling and healthcare segments, such as gloves and pharmacies for the latter, from FY2022 onwards.
The company&rsquo s FY ends in December.
At its current share price, the company is trading at a 0.9x 2002 price-to-book value ratio (P/BV) compared to its e-waste recycling peers at 1.5x 2002 P/BV and glove peers at 0.8x 2002 P/BV, according to Bloomberg&rsquo s estimates.
In Tan&rsquo s view, Enviro-Hub is a &ldquo mini conglomerate&rdquo with e-waste recycling as its core driver &mdash the four segments it owns are trading, recycling and the refining of e-waste and metals manufacturing and the trading of healthcare products property investments and management and piling contracts, construction, rental and the servicing of machinery.
Worst is &lsquo almost over&rsquo for glove industry
See also: SAC Capital reviews Enviro-Hub&rsquo s diversification into new businesses
In FY2021, Tan notes that the company penetrated the glove manufacturing and healthcare consumable sectors through its 100% acquisition of Pastel Glove Sdn Bhd, a Malaysian glove company.
To the analyst, Enviro-Hub&rsquo s glove business is underpinned by a profit guarantee, as it expects a full year contribution from four fully commissioned production lines. As part of the acquisition agreement dated Aug 5 2021, Pastel Glove founder Law Siau Woei provided a profit guarantee of $23.4 million from FY2022 to FY2024.
In addition, Enviro-Hub&rsquo s glove business is set to benefit from the rising demand in gloves on the back of rising hygiene awareness, an ageing population, as well as the recovery in non-Covid-19 demand.
See also: DBS and Maybank maintain ' buy' calls for ESR-LOGOS REIT with unchanged TPs
According to the Malaysian Rubber Glove Manufacturer&rsquo s Association (MARGMA)&rsquo s industry brief for 2022, the association believes that the worst is almost over for the glove industry as demand normalises.
In its brief, the association forecasted a growth of 12% to 15% in global glove demand in 2022. The brief also projects the export value for Malaysian rubber gloves to grow at a compound annual growth rate (CAGR) of 10% in 2023 to 2030. According to MARGMA, Malaysia currently commands the largest market share of the glove industry at 65% in 2022.
Enviro-Hub&rsquo s pharmaceutical segment not your average pharmacist
In the pharmacy space, the analyst notes that the company opened its first retail pharmacy, R Pharmacy, in April though its 40% owned joint venture (JV). According to Enviro-Hub, it has seven outlets as at Oct 2 and targets to have 25 outlets by April next year and 90 outlets by Dec 2024, with an average capital expenditure (capex) of RM500,000 to RM600,000 ($153,000 to $183,000) per store to be funded internally.
Tan says: &ldquo Enviro-Hub differentiates itself through in-house pharmacists who provide personalised advice and high-quality services to customers. By branding itself as a premium service, Enviro-Hub captures revenue from the sale of pharmaceutical products, as well as from the listing of stock-keeping units (SKUs) and advertisements, such as posters and vending machines in its pharmacies.&rdquo
Enviro-Hub&rsquo s revenue for e-waste recycling could jump 50% y-o-y in FY2022
Meanwhile, its revenue for e-waste recycling could jump 50% y-o-y in FY2022, with its 1HFY2022 revenue for this segment already growing to $16.4 million, a 14.6% y-o-y increase, and making up 71.7% of total group revenue.
For more stories about where money flows, click here for Capital Section
&ldquo Enviro-Hub also expects a 50% y-o-y jump in e-waste recycling revenue in FY2022 from the addition of a new MNC customer, coupled with projects for other new customers in 2022, as per 1H22 slides,&rdquo says Tan. She adds that by 2HFY2022, Enviro-Hub will have expanded its capacity by 40% from 3,600 to 5,100 tonnes per year to cater to a larger volume of e-waste.
Tan also says that the company has improved its net gearing from 1.56x in FY2020 to 0.48x in FY2021 by disposing $63 million worth of investment properties in FY2021 and further lowered its net gearing further to 0.45x in 1HFY2022.
&ldquo We understand that most of its existing debt relates to property loans which will be paid down upon disposal of its properties, according to its 1HFY2022 briefing. However, the management prefers to hold its properties for now in view of the appreciating property market,&rdquo says Tan.
&ldquo Should it successfully dispose of its remaining $60.5 million of investment properties as at 1HFY2022, its net debt position could be reversed to net cash,&rdquo she adds.
As at 1.41pm, shares in Enviro-Hub traded flat at 4.8 cents per share.
From: https://www.theedgesingapore.com/capital/brokers-calls/cgs-cimb-inspects-enviro-hubs-prospects-unrated-report
Noticed this counter also on glove production very quiet for some time. Wonder what has happened when most other similar counters moved up lately?
Probably no coverage from analysts?
Probably no coverage from analysts?
other than gloves, the company EnviroHub has strengthened its financial position by reducing its debt and increasing income streams (taxi, recycling and even pharmactical stores across malaysia).
Very good and defensive company during covid and interest hikes!
Very good and defensive company during covid and interest hikes!
Scientists identify new Covid subvariant that is best yet at beating immune system.
XBB is believed to be more contagious than any previous variant or subvariant'
A new Covid subvariant that is rapidly spreading in Singapore is believed to be the most effective yet at evading human immunity systems, scientists warn, and is not impacted by a wide variety of established drug therapies and vaccines.
The subvariant, dubbed XBB, is reportedly more contagious than previous variants or subvariants and has spread to more than 17 countries, including Australia, Singapore, Denmark and Japan etc.
THE DEMAND OF GLOVES IS COMING BACK?
Enviro-Hub Holdings
On Sep 13, Enviro-Hub Holdings : L23 +15.91% executive chairman Raymond Ng acquired 594,100 shares of the company at 4.4 cents per share. This took his total interest in the environmental management solutions group from 28.20 per cent to 28.24 per cent. His preceding acquisitions included 74,100 shares at 5.1 cents per share on Jul 6, 400,000 shares at 5.0 cents per share on Jun 24 and 922,300 shares at 7.1 cents per share on Feb 25.
On Aug 11, Enviro-Hub Holdings reported a 43.2 per cent year-on-year increase in H1 2022 attributable net profit. This was on the back of a 29.0 per cent rise in revenue and an expansion in gross margins from 17.1 per cent in H1 2021 to 24.1 per cent in H1 2022. The rise in revenue was mainly attributed to the recycling business which grew in sales by 14.6 per cent year-on-year, with consistent sales revenue of S$3.3 million from its healthcare segment following the acquisition of Pastel Glove in October 2021.
The acquisition of the Malaysian glove manufacturer marked Enviro-Hub Holdings&rsquo foray into the glove manufacturing and healthcare consumables sector. The group also noted back in April that it also had plans to further expand the healthcare segment by investing in the synergistic pharmaceutical retail business in Malaysia.
As the executive chairman, Ng is responsible for the group&rsquo s overall management, business development, investment decisions as well as strategic direction and planning. He has accumulated over 35 years of experience in the recycling and e-waste management & recovery business. He is also an accomplished property developer with more than 20 years of industry experience and is spearheading the group&rsquo s new business transformation into an environmental hub.
The group maintains a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining.
Separately, last month, The Business Times reported Ng had acquired taxi firm Premier Taxis through a unit of property development firm BS Capital Group, which he owns. With BS Capital Group subsidiary Carros Project Management purchasing 100 per cent of the shares in Premier Corporation, Ng takes control of Premier Taxis, a holder of a street-hail service operator licence and Class 2 ride-hail service operator licence, along with its other subsidiaries.
has been quiet for a long time
pepperfox ( Date: 24-Aug-2022 15:10) Posted:
|
no volume and the spread is sooooo huge. yawn
Short it down! so low and lower
no dividend :(
https://links.sgx.com/FileOpen/Enviro-Hub%201H2022%20Results%20Press%20Release.ashx?App=Announcement& FileID=728037
1 | P a g e
Press Release
Enviro-Hub Delivers Strong Half Year Performance
&bull Enviro-Hub records a 43.2% increase in net profit attributable to owners of the
Company as revenue rose 29.0% and gross margins expanded to 24.1% in
1H2022
&bull Despite pandemic pressures and rising inflation fears, the Group remains
confident about its long-term prospects as it expands operations in its
healthcare and pharmaceutical segments
SINGAPORE, August 11, 2022&ndash Enviro-Hub Holdings Ltd (SGX: L23) (&ldquo Enviro-Hub&rdquo or the
&ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce its
financial results for the six months ended 30 June 2022 (&ldquo 1H 2022&rdquo ).
1H2022 Financial Highlights
(S$ million) 1H 2022
1H 2021 Year-on-Year Change
(%)
Revenue 22.8 17.7 29.0%
Gross Profit 5.5 3.0 82.1%
Gross Profit Margin 24.1% 17.1%
Net Profit Attributable to
Owners of the Company
0.7 0.5 43.2%
Diluted Earnings per share
(Sing Cents)
0.048 0.042 14.3%
The Group recorded an impressive 43.2% increase in net profit attributable to owners in
1H2022. The substantial results come on the back of a 29.0% rise in revenue and an
expansion in gross margins from 17.1% in 1H2021 to 24.1% in 1H2022. The rise in revenue
is mainly because of the Group&rsquo s recycling business which grew in sales by 14.6% year-onyear
and a consistent sales revenue of S$3.3 million from its healthcare segment since the
acquisition of Pastel Glove Sdn. Bhd. in Oct 2021.
2 | P a g e
Other income decreased 75.1% year-on-year to S$0.9 million in 1H2022 mainly due to a
decrease of disposal of strata units during the same period.
Resultantly of its commendable performance, alongside the expansion of gross profit margins,
the Group continued to strengthen its balance sheet. Net debt1 dropped by 4.5% from 31
December 2021 to S$36.3 million and the net gearing ratio2 improved to 44.6% as of 30 June
2022.
Segmental
Revenue (S$ million)
1H 2022 1H 2021
Year-on-Year Change
(%)
Recycling of e-waste 16.4 14.3 14.6%
Property investments 0.8 1.5 -42.1%
Piling contracts 2.3 1.9 20.4%
Manufacturing and trading of
healthcare products
3.3 - N. M
Total Revenue 22.8 17.7 29.0%
N. M: non-meaningful
Commenting on the results, Executive Chairman of Enviro-Hub, Mr Raymond Ng said,&rdquo We
endeavoured to transform and strengthen our business on the back of a volatile
economic landscape. Despite the slowdown, we achieved a set of commendable results
with a 43.2% increase in net profit attributable to owners of the Company and improved
gross margins of 24.1% in 1H2022. Given our continuing financial strength, we are
optimistic about our expansion strategy for the Group&rsquo s healthcare segment and
believe it will unlock sustainable returns for our shareholders.&rdquo
Business Outlook
The economy remains uncertain as the world grapples with high inflation, high interest rates,
supply chain disruption, new Covid-19 variants and the possibility of a recession.
1Net Debt calculated as Total loans and borrowings- cash & cash equivalents.
2Net gearing ratio calculated as Net Debt/Total equity.
3 | P a g e
Operating in this challenging environment, the Group will continue to manage its cash flow
closely and focus on operational efficiency, including streamlining its core businesses, and
where necessary, restructuring any under-performing business sections.
#End#
Note to media: Please read this press release in conjunction with the Company&rsquo s
announcement released on SGXnet.
About Enviro-Hub
Singapore-listed Enviro-Hub Holdings Ltd (&ldquo Enviro-Hub&rdquo ) has a diverse portfolio that includes trading,
recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery,
property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub diversified
into the healthcare business with its investment in Malaysian glove manufacturer, Pastel Glove, marking the
Group&rsquo s foray into the glove manufacturing and healthcare consumables sectors, which offer robust longterm
prospects.
For more information, please visit us at http://www.enviro-hub.com/
Investor Relations and Media Contact:
Emily Choo
Mobile: +65 9734 6565
Email: [email protected]
Press Release
Enviro-Hub Delivers Strong Half Year Performance
&bull Enviro-Hub records a 43.2% increase in net profit attributable to owners of the
Company as revenue rose 29.0% and gross margins expanded to 24.1% in
1H2022
&bull Despite pandemic pressures and rising inflation fears, the Group remains
confident about its long-term prospects as it expands operations in its
healthcare and pharmaceutical segments
SINGAPORE, August 11, 2022&ndash Enviro-Hub Holdings Ltd (SGX: L23) (&ldquo Enviro-Hub&rdquo or the
&ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) is pleased to announce its
financial results for the six months ended 30 June 2022 (&ldquo 1H 2022&rdquo ).
1H2022 Financial Highlights
(S$ million) 1H 2022
1H 2021 Year-on-Year Change
(%)
Revenue 22.8 17.7 29.0%
Gross Profit 5.5 3.0 82.1%
Gross Profit Margin 24.1% 17.1%
Net Profit Attributable to
Owners of the Company
0.7 0.5 43.2%
Diluted Earnings per share
(Sing Cents)
0.048 0.042 14.3%
The Group recorded an impressive 43.2% increase in net profit attributable to owners in
1H2022. The substantial results come on the back of a 29.0% rise in revenue and an
expansion in gross margins from 17.1% in 1H2021 to 24.1% in 1H2022. The rise in revenue
is mainly because of the Group&rsquo s recycling business which grew in sales by 14.6% year-onyear
and a consistent sales revenue of S$3.3 million from its healthcare segment since the
acquisition of Pastel Glove Sdn. Bhd. in Oct 2021.
2 | P a g e
Other income decreased 75.1% year-on-year to S$0.9 million in 1H2022 mainly due to a
decrease of disposal of strata units during the same period.
Resultantly of its commendable performance, alongside the expansion of gross profit margins,
the Group continued to strengthen its balance sheet. Net debt1 dropped by 4.5% from 31
December 2021 to S$36.3 million and the net gearing ratio2 improved to 44.6% as of 30 June
2022.
Segmental
Revenue (S$ million)
1H 2022 1H 2021
Year-on-Year Change
(%)
Recycling of e-waste 16.4 14.3 14.6%
Property investments 0.8 1.5 -42.1%
Piling contracts 2.3 1.9 20.4%
Manufacturing and trading of
healthcare products
3.3 - N. M
Total Revenue 22.8 17.7 29.0%
N. M: non-meaningful
Commenting on the results, Executive Chairman of Enviro-Hub, Mr Raymond Ng said,&rdquo We
endeavoured to transform and strengthen our business on the back of a volatile
economic landscape. Despite the slowdown, we achieved a set of commendable results
with a 43.2% increase in net profit attributable to owners of the Company and improved
gross margins of 24.1% in 1H2022. Given our continuing financial strength, we are
optimistic about our expansion strategy for the Group&rsquo s healthcare segment and
believe it will unlock sustainable returns for our shareholders.&rdquo
Business Outlook
The economy remains uncertain as the world grapples with high inflation, high interest rates,
supply chain disruption, new Covid-19 variants and the possibility of a recession.
1Net Debt calculated as Total loans and borrowings- cash & cash equivalents.
2Net gearing ratio calculated as Net Debt/Total equity.
3 | P a g e
Operating in this challenging environment, the Group will continue to manage its cash flow
closely and focus on operational efficiency, including streamlining its core businesses, and
where necessary, restructuring any under-performing business sections.
#End#
Note to media: Please read this press release in conjunction with the Company&rsquo s
announcement released on SGXnet.
About Enviro-Hub
Singapore-listed Enviro-Hub Holdings Ltd (&ldquo Enviro-Hub&rdquo ) has a diverse portfolio that includes trading,
recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery,
property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub diversified
into the healthcare business with its investment in Malaysian glove manufacturer, Pastel Glove, marking the
Group&rsquo s foray into the glove manufacturing and healthcare consumables sectors, which offer robust longterm
prospects.
For more information, please visit us at http://www.enviro-hub.com/
Investor Relations and Media Contact:
Emily Choo
Mobile: +65 9734 6565
Email: [email protected]
Enviro-Hub chairman Raymond Ng acquires Premier Taxis
RAYMOND Ng, executive chairman of mainboard-listed Enviro-Hub Holdings, has acquired taxi firm Premier Taxis through a unit of property development firm BS Capital Group, which he owns.
In a statement on Friday (Aug 5), BS Capital Group announced that its subsidiary Carros Project Management has successfully purchased 100 per cent of the shares in Premier Corporation. This means it will take control of Premier Taxis, a holder of a street-hail service operator licence (SSOL) and Class 2 ride-hail service operator licence (RSOL), along with its other subsidiaries.
In 2012, BS Capital Group founded Carros Project Management to expand the group&rsquo s presence. Carros ventured into the motor-vehicle leasing business with the launch of BIS Motoring at the end of 2017.
It now runs a fleet of more than 1,000 private-hire vehicles.
Ng told The Business Times that the group sees &ldquo natural synergies&rdquo of the taxi-leasing business with Carros&rsquo private-hire vehicles, and that the acquisition was part of the group&rsquo s expansion plan in the motoring business.
BS Capital Group operates a portfolio of industrial, commercial, retail and residential assets.
&ldquo With this acquisition, we will be able to take advantage of the economies of scale in terms of hirers, repair and maintenance of the fleets,&rdquo Ng said.
&ldquo We will also be able to leverage both Premier Taxis&rsquo and our network to connect with new and existing customers. We hope that through this acquisition, we will be able to strengthen our foothold in the automotive space.&rdquo
Despite being &ldquo heavily affected&rdquo during the pandemic, the group is confident that point-to-point transport will &ldquo be back to its shape soon&rdquo as Singapore moves back to normalcy, Ng noted.
More information will be shared by the group soon.
&ldquo As we emerge at the tail-end of the pandemic, it&rsquo s important that we take steps well in advance so that we can best position ourselves to capitalise on opportunities that arise. The acquisition of Premier Corporation comes at a time of renewed interest in travel and leisure activities,&rdquo Ng added.