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The future is secured - " ...strong order book expansion over the past 2 years provides good visibility for the Group&rsquo s revenue pipeline ahead."
https://www.smallcapasia.com/alpina-holdings-a-rising-star-in-facilities-management-solar-energy/
The likelihood is that these public sector contracts becomes a recurring revenue for the company.
https://links.sgx.com/1.0.0/corporate-announcements/5G9BP5V9X528ZOMB/e51b2a0aac2bb6ddc18187dffaa20de08e11e79127e1541bdfd018351abe86f7
Alpina Secured New Contracts with Aggregate Provisional Contract Sum of Approximately S$16.2 Million during the First Six Months of 2024
- A total of 11 new contracts with an aggregate provisional contract sum of approximately S$16.2 million was added to the Group&rsquo s project pipeline in the first six months of 2024
- Majority of the new contracts are public sector projects, whereby a town council in Singapore, a statutory board of the Singapore Government or a Ministry of the Singapore Government is the project owner
- The contracts have varying completion dates ranging from April 2024 to March 2030
- The Group was also part of a consortium that had participated in the tender of, with the lead member of the consortium being awarded, the contract for the provision of integrated facilities management (&ldquo IFM&rdquo ) services with a provisional contract sum of approximately S$115.7 million
Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo As sustainability gains more momentum in Singapore, we see a growing demand for building maintenance to foster sustainable infrastructure and deliver an improved user experience.
Serving predominantly public sector customers, we are committed to leveraging on our technical expertise in integrated building services to enable our customers' facilities to function more effectively.
Aligned with BCA' s Built Environment Industry Transformation Map for the facilities management sector, Alpina has been proactively expanding our value propositions in the IFM market.
Targeting higher value projects in both public and private sector projects in Singapore, we will continue to expand our value propositions and differentiate more strongly.&rdquo
Alpina Holdings: Consortium awarded $115.7 mil integrated facilities management contract
A wholly-owned subsidiary of Catalist-listed Alpina Holdings ZXY 0.00% has been awarded a contract worth approximately $115.7 million to provide integrated facilities management (IFM) services for a tertiary education institution in Singapore.
In a June 24 bourse filing, Alpina Holdings says its subsidiary Digo Corporation participated in a tender with consortium leader Savills Property Management. Savills, an unrelated third party, is a property and facilities management company based in Singapore.
The contract is expected to commence in January 2025 and complete by December 2028, with an option for the customer to extend the contract for another four years and three months.
Alpina' s board highlights that the provisional contract sum is indicative and may not be an accurate indicator of the actual revenue to be recognised by the group, &ldquo as the final contract sum will depend on the actual work to be undertaken&rdquo .
The contract is not expected to have a material impact on the earnings per share and net tangible assets per share of the group for the current financial year ending Dec 31.
Barring any unforeseen circumstances, the board expects the contract to contribute positively to the group&rsquo s financial performance for the duration of the contract.
Listed in 2022, Alpina is a Singapore-based contractor specialising in providing integrated building services (IBS), mechanical and electrical (M& E) engineering services and alteration and addition (A& A) works.
As renewable energy comes into play, smart metering becomes very important as well, as articulated by this article. Alpina is in both businesses.
https://www.linkedin.com/pulse/why-smart-meters-considered-important-component-energy-internet-myckf/
$Alpina Holdings(ZXY.SI) Found some old 2021 links indicating past awards to Digo Corporation for facilities management from the town council to the subsidiary of Alpina. This meant that the number of HDB flats increase, there is a possibility of having a bigger recurring revenue for the company.
https://www.jrtc.org.sg/category/tender-results/page/9/
$Alpina Holdings(ZXY.SI) This seem to go under the radar - it may seem negative but I actually think this is net positive for the company.
This might actually reduce future capex and increase margin for the company.
https://links.sgx.com/1.0.0/corporate-announcements/NDYP2DGZXHUEWN4E/cabe01b2f93c7d5fa330139e277f14f63fe06cc4c1914ef79f06eb78039b1ec6
$Alpina Holdings(ZXY.SI) Even india is increasing its demand for solar, Solar will be everywhere in the future.
https://www.thehindu.com/business/Industry/the-import-restrictions-on-solar-pv-cells-explained/article68047931.ece
$Alpina Holdings(ZXY.SI) Solar demand will rise in the future - worldwide, no doubt.
https://www.woodmac.com/press-releases/asia-lcoe/
Alpina Holdings completes acquisition of Wan Dormitory for $24.5 million
According to Alpina, the acquisition of the dormitory will give it more space to house more workers needed to support its own business expansion.
The dormitory, located at 180 Woodlands Industrial Park E5, is also meant as an investment for Alpina.
The local construction industry, following the end of the pandemic, faces a shortage of space to house workers.
$Alpina Holdings(ZXY.SI) As singapore continues its investment into Solar infrastructure, this company will eventually be able to obtain another big project.
https://www.straitstimes.com/singapore/transport/s-pore-s-largest-single-site-rooftop-solar-panel-system-to-be-installed-at-changi-airport-by-2025
$Alpina Holdings(ZXY.SI) Company is growing revenue right now and the significant cash expenses was for the growth expansion. If the management right the ship, the company will be much better in the next 3 to 6 months.
https://links.sgx.com/1.0.0/corporate-announcements/T1WMSE0E5LO0B66Q/4b8c871f6db91fb0d1b9ceb0c169defc19f622d5dbca3a2faf8d8e525a71585e
$Alpina Holdings(ZXY.SI) Continue adoption of solar in SG will be beneficial for the company.
https://www.theedgesingapore.com/news/environmental-social-and-governance/keppel-commences-work-singapores-largest-single-site
$Alpina Holdings(ZXY.SI) Seems like there is great future for this company!
https://www.channelnewsasia.com/singapore/singapore-solar-energy-deployment-cop28-grace-fu-parliament-4036886
$Alpina Holdings(ZXY.SI) An oversupply of solar panel is actually positive for the company since there is a possibility that solar panel gets cheaper and more people request to put up solar panels on their houses. This demand will increase the revenue for Alpina.
https://markets.businessinsider.com/news/commodities/solar-panel-oversupply-prices-iea-renewables-production-green-transitions-inventory-2024-1
$Alpina Holdings(ZXY.SI) This is just the start of its growth tajectory for a potential next 6 years till 2030.
" Under Singapore Green Plan 2030, there are concrete targets over the next 10 years as mentioned above that require billions of investments across Singapore and Alpina is well-positioned to capitalise on these opportunities given unique market positioning with our strong our track record serving predominantly public sector customers and our core competencies in IBS, M& E and A& A."
https://dollarsandsense.sg/5-things-alpina-holdings-sgx-code-zxy-company-behind-installation-solar-panels-1100-hdb-blocks-50-government-sites/
$Alpina Holdings(ZXY.SI) Recurring income is probably a very important metric in the investing world. Alpina Integrated Building Services is a form of recurring income with long term contracts.
" With specified contract period that generally ranges from 1 to 4 years, and in certain instances, up to 6 years, our IBS contracts mainly encompass maintenance services (including scheduled maintenance and breakdown maintenance) on the building systems and ancillary A& A works"
https://alpinaholdings.com.sg/integrated-building-service
$Alpina Holdings(ZXY.SI) Although these contracts dwarf in comparison with their previous 200m order book in Jul 23, but this is actually significant because these projects are not solar based work but related to more of public sector meaning their market share in the public sector side is still high!
" On Jan 2, the engineering firm announced an update on its new contracts from the last six months, with a majority coming from the public sector.
The largest of these came from a one term contract for the provision of building services maintenance for a Singapore university with a provisional contract sum of approximately $20 million.
Other significant contracts came from various government statutory boards, with a one term contract for the provision of maintenance and upgrading works of park facilities worth some $3.4 million, two contracts for the provision of mechanical and electrical cyclical improvement works for a multi-storey carpark estimated at $7.7 million and one contract for the replacement of mechanical and electrical system, street and flood lights valued at approximately $1.9 million.."
https://www.theedgesingapore.com/news/contracts/alpina-boosts-project-pipeline-eight-new-contracts-worth-342-mil-2hfy2023
Alpina Secured New Contracts with Aggregate Provisional Contract Sum of Approximately S$34.2 Million during the Second Half of 2023
&bull The Group&rsquo s project pipeline is boosted by a total of 8 new contracts with an aggregate provisional contract sum of approximately S$34.2 million
&bull Majority of the contracts are public sector projects, whereby a town council in Singapore, a statutory board of the Singapore Government or a Ministry of the Singapore Government is the project owner
&bull The contracts have varying completion dates ranging from February 2025 to March 2029
Alpina&rsquo s Executive Chairman and Chief Executive Officer, Mr. Low Siong Yong (刘 常 勇 ), said, &ldquo With the increasing focus on sustainability, coupled with the rising urban density in Singapore, there is a growing need for building maintenance and improvement works to develop sustainable infrastructure.
With a majority of the Contracts being public sector projects, we look forward to supporting the public sector&rsquo s ongoing needs with our deep domain expertise in integrated building services.
Leveraging on our track record, we will continue to tender proactively for public and private sector projects in Singapore to strengthen our project pipeline.&rdquo
Alpina Holdings raises buying price for Wan Dormitory to $24.5 million
Engineering firm Alpina Holdings ZXY 0.00% has signed a new deal to buy Wan Dormitory, paying $24.5 million instead of $24 million.
According to Alpina, the dormitory generated a profit before tax of $0.69 million for the year ended Dec 2022 and $0.49 million for the six months ended June.
Alpina had earlier announced an agreement to buy over the dormitory from one Dong Cai back in March but in September, Dong, according to Alpina, declined to go ahead with the deal.
Alpina filed for arbitration on Oct 16. The arbitration will be withdrawn.
According to Alpina, the acquisition of the dormitory will give it more space to house more workers needed to support its own business expansion.
The dormitory, located at 180 Woodlands Industrial Park E5, is also meant as an investment for Alpina.
See also: Sumitomo Life to buy Singlife stake from TPG for $1.6 billion
The local construction industry, following the end of the pandemic, faces a shortage of space to house workers.