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Positive profit trend:
Profit has been growing from a low of S$33.6 millions per quarter to a high of S$41.0 million.
Its likely that the trend will continue.
For info only. vested. Dyodd.
| SIIC x S$1000 | 1Q' 21 | 2Q' 21 | 3Q' 21 | 4Q' 21 | 1Q' 22 | 2Q' 22 | 3Q' 22 |
| net profit | 33,624 | 36,251 | 38,022 | 38,471 | 35,164 | 38,038 | 41,000 |
Profit has been growing from a low of S$33.6 millions per quarter to a high of S$41.0 million.
Its likely that the trend will continue.
For info only. vested. Dyodd.
Positive revenue trend :
Revenue has been growing from S$340 millions to a high of S$439 millions (4Q' 21).
Present trend looks positive and current year is likely to be it' s best year in the last 5 years.
For info only, Vested. Dyodd.
| SIIC x S$1000 | 1Q' 21 | 2Q' 21 | 3Q' 21 | 4Q' 21 | 1Q' 22 | 2Q' 22 | 3Q' 22 |
| revenue | 340,581 | 352,420 | 372,038 | 439,103 | 356,975 | 380,399 | 420,184 |
Revenue has been growing from S$340 millions to a high of S$439 millions (4Q' 21).
Present trend looks positive and current year is likely to be it' s best year in the last 5 years.
For info only, Vested. Dyodd.
| Very low price earning ratios (p/e) | ||
| profit 9M' 22 (S$mil) | 114 mil | |
| number of shares | 2,575,666 | |
| earnings per share | 44.2 cts | |
| current price | 17.1 cts | |
| p/e (price earning ratio) | 3.9 X | |
| trailing p/e | 2.8 X | |
For info only. Vested. Dyodd.
| Price history |
|
| 52 weeks low - | 14.7 |
| 52 weeks high - | 27.0 |
| 5 year high - | 56.0 |
| today' s price | 17.1 |
Current price near 5 year low.
For info only. Vested. Dyodd!
Trading far below its nav:
nav - 74.88 cts
current price - 17.1
current price is only 22.8% of nav.
for info only. Vested!
nav - 74.88 cts
current price - 17.1
current price is only 22.8% of nav.
for info only. Vested!
Excellent dividend yield.
last traded price - 17.1 cts
dividend - 1.5 (based on last year full year}
dividend yield - 8.8%
for info only. vested!
last traded price - 17.1 cts
dividend - 1.5 (based on last year full year}
dividend yield - 8.8%
for info only. vested!
Yes, ignore the noise, focus on the fundamental. Good PE. Good PBV. Good growth. Good industry
This set of good quarterly results truly put my mind at ease that SIIC is doing quite excellently during this somewhat " uncertain period" in China. Hope that share price will return to the 20s when the macro environment is better. I invest in this and China Everbright Water more for the dividends. Looks like they can continue to give good dividends!
josephyeo ( Date: 12-Nov-2022 16:56) Posted:
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Below are some quarterly datas for info:
From above datas, it can be seen that the quarterly revenues and profit have been improving.
Given the current trend, current financial year is likely to be the company' s since listing in 2005.
Below are the yearly datas:
From above its quite clear that current year will be it' s best in the past 4 years.
Above are for sharing only. Its not a buy/sell call.
Personally i am vested. Dyodd.
| SIIC x S$1000 | 1Q' 21 | 2Q' 21 | 3Q' 21 | 4Q' 21 | 1Q' 22 | 2Q' 22 | 3Q' 22 |
| revenue | 340,581 | 352,420 | 372,038 | 439,103 | 356,975 | 380,399 | 420,184 |
| net profit | 33,624 | 36,251 | 38,022 | 38,471 | 35,164 | 38,038 | 41,000 |
From above datas, it can be seen that the quarterly revenues and profit have been improving.
Given the current trend, current financial year is likely to be the company' s since listing in 2005.
Below are the yearly datas:
| SIIC x S$1000 | fy' 19 | FY' 20 | FY' 21 | 9M' 22 |
| revenue | 1251499 | 1,312,907 | 1,453,427 | 1,157,559 |
| net profit | 126052 | 133,422 | 141,231 | 114,202 |
From above its quite clear that current year will be it' s best in the past 4 years.
Above are for sharing only. Its not a buy/sell call.
Personally i am vested. Dyodd.
SIIC Environment to acquire Yun Shui Technology for S$57.4m
MAINBOARD-LISTED SIIC Environment : BHK +0.65% announced on Thursday (Nov 3) that its wholly owned subsidiary has entered into a sale and purchase agreement to acquire investment holding company Yun Shui Technology at a consideration of 296.2 million yuan (S$57.4 million).
Yun Shui Technology, a wholly owned subsidiary of Yunnan Water (Hong Kong), was listed for bidding with a price of 296.2 million yuan, according to the applicable laws in the People&rsquo s Republic of China.
Together with the listing price, the bidding price was also determined with reference to the enterprise value of 297.9 million yuan as at Dec 31, 2021 &ndash the entire value of the shareholders&rsquo equity in the company &ndash the group noted in a bourse filing the same day.
The consideration amount will be funded by internal resources of the group and will be remitted to Yunnan Water (Hong Kong) in one lump sum within three business days from the agreement.
Assuming the acquisition effected on Jan 1, 2021, the pro forma net profit for SIIC Environment would have rose by 1.4 per cent to RMB716 million as compared to RMB706.2 million before the acquisition, whereas pro forma earnings per share would slightly decrease to RMB27.73 cents, as compared to RMB27.35 cents previously.
Yun Shui Technology currently holds three wastewater treatment plant projects and one water supply plant project in the Yangtze Delta region, with a total designed treatment capacity of 160,000 tonnes. The unaudited book value and net tangible asset value of the company both stood at RMB150.1 million as at Jun 30, 2022.
&ldquo The acquisition will enable the group to expand its wastewater treatment capacity in the Yangtze Delta region and generate returns for the group,&rdquo the filing said.
SIIC touched $0.146 today. Thankfully volumes during this decline (from $0.27 in Jan' 22) have not been too heavy.
Am not very sure what is the impact of Xi Jinping' s third term going to have on the fortunes of SIIC. China needs lots of clean water for its people and that is what SIIC has been delivering consistently for decades.
The main negative is the huge amounts of debt that they have. So investing in SIIC is an individuals call on whether a state backed enterprise will be able to keep going in a rising rates environment (globally). However to the best of my knowledge it is quiet a different interest rates scenario in China...
Any inputs from fellow shareholders will be most welcome.
Am not very sure what is the impact of Xi Jinping' s third term going to have on the fortunes of SIIC. China needs lots of clean water for its people and that is what SIIC has been delivering consistently for decades.
The main negative is the huge amounts of debt that they have. So investing in SIIC is an individuals call on whether a state backed enterprise will be able to keep going in a rising rates environment (globally). However to the best of my knowledge it is quiet a different interest rates scenario in China...
Any inputs from fellow shareholders will be most welcome.
josephyeo ( Date: 10-Oct-2022 14:40) Posted:
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| Figures on revenue n profits | ||||
| SIIC - S$ | 2019 | 2020 | 2021 | HY' 2022 |
| revenue (X1000) | 1251499 | 1312907 | 1453427 | 737375 |
| profit - (X1000) | 126053 | 133422 | 141231 | 73202 |
Profit at half time is already S$73.2 millions. Fair to look forward to another good year.
Vested. Above for info only. Dyodd.
there are two sides of a coin, for china, the interest rate is super low compare to other countries, so might be an opportunity. Also 20 big will be on 16th oct. Might see huge fireworks
bechaotic ( Date: 09-Oct-2022 11:24) Posted:
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Same for China Everbright too!
bechaotic ( Date: 09-Oct-2022 11:24) Posted:
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I think the main concern on this counter is its huge debt at 17B vs 3B cash!
There are current risks associated with investing in SIIC (and China Everbright Water) shares. Both are doing well in their water businesses. Presently, the Chinese reminbi is weakening (Reminbi:S$ is probably about 5:1 presently, as against 4.6:1 a yr or two ago), short-term operation costs has increased (due to electricity prices etc) and the worst is whether the Chinese CCP will come up with any unwelcoming regulations (so far none). But I think the payment of 1.5 Singapore cents (and for Everbright, 2.0 to 2.2 Singapore cents) annual dividend will stay. Will have to ride through short-term uncertainties. Hopefully, investors will come to realise the value of SIIC (and China Everbright Water) as reliable dividend stocks trading at low P/E ratios. Vested.
josephyeo ( Date: 08-Oct-2022 17:29) Posted:
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I have many encounters with shares having this characteristic. One example is Excelpoint.
There was hardly any interest for 2 to 3 years despite its low p/e and high dividend.
I held on to it and was eventually rewarded w a multi bagger. There were other shares that i bought
with the same characteristics and and by and large they had done very well. Pls note that I am not
encouraging anyone to buy SIIC or other companies w same characteristic. I am just sharing my
experience. To hold to such shares one needs conviction and patient. And so long as the storyline
didnt change i will continue to hold on to it. In the meantime i am collecting an excellent amount
of dividends while waiting.
Pls note, if the storyline change to negative then what i say will not hold.
There was hardly any interest for 2 to 3 years despite its low p/e and high dividend.
I held on to it and was eventually rewarded w a multi bagger. There were other shares that i bought
with the same characteristics and and by and large they had done very well. Pls note that I am not
encouraging anyone to buy SIIC or other companies w same characteristic. I am just sharing my
experience. To hold to such shares one needs conviction and patient. And so long as the storyline
didnt change i will continue to hold on to it. In the meantime i am collecting an excellent amount
of dividends while waiting.
Pls note, if the storyline change to negative then what i say will not hold.
AttasBoss ( Date: 08-Oct-2022 17:04) Posted:
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Any idea such a financially sounds but no one love baby
Some figures on SIIC:
Price history.
1. Current price - 17.5 cts
2. 52 weeks low 17.2 cts
3. 52 weeks high 27.0 cts
Dividends
!. Dividend for year 2021 - 1.5 cts
@. Current price - 17.5
3. Dividend yield - 8.5%
NTA
1.,NTA 77.8 cts
2. current price - 17.5
3. Current price is only 25% of nta
P/E
1. trailing p/e - 2.85 on price of 17.5 cts
Latest results:
1. Revenue - up
2. Profits - up
3. Dividends - up
Above are for info only.
Pls dyodd. Vested!
Price history.
1. Current price - 17.5 cts
2. 52 weeks low 17.2 cts
3. 52 weeks high 27.0 cts
Dividends
!. Dividend for year 2021 - 1.5 cts
@. Current price - 17.5
3. Dividend yield - 8.5%
NTA
1.,NTA 77.8 cts
2. current price - 17.5
3. Current price is only 25% of nta
P/E
1. trailing p/e - 2.85 on price of 17.5 cts
Latest results:
1. Revenue - up
2. Profits - up
3. Dividends - up
Above are for info only.
Pls dyodd. Vested!
Wonder why SIIC is quite an ignore stock ? It a stable n growing environmental stock with good earning n dividends payout twice per yr (total 7.14%) n also its forwards around PE of 21/(2.89c x2)= 3.63 with an NAV of 76.2c.
Looking at the numbers above this stock is grossly under value. On the business expect, it doesn' t affect by covid or recession if any.
Looking at the numbers above this stock is grossly under value. On the business expect, it doesn' t affect by covid or recession if any.