Sound Investment

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01 Feb 2021 14:06 #25611 by Rock
Replied by Rock on topic Sound Investment
UNION GAS

Union Gas has not yet reach its peak growth potential. It's business supplies three forms of fuel:

Liquid Petroleum Gas (LPG)
Compressed Natural Gas (CNG)
Diesel

It’s customers base are residential and commercial.

Since IPO in 2017 Union Gas had acquired and added new businesses every year:

In April 2018 acquired Semgas supply.
In May 2017 Expanded into commercial business for LPG, mainly to Hawker centres, growing from zero to 45 Hawker centres in just a few years.
January 2018 Union Gas Holdings incorporated Union LPG Pte Ltd to provide fuel for more commercial customers such as coffee shops and central kitchens.
In 2017, it launched the UNIONSG mobile app to help streamline the order process and provide cashless payment options for all its customers.

Union Gas had license to supply and retail pipe natural gas (PNG) and liquid natural gas (LNG) since 2017 but made decision to focus on growing and expanding their existing business to gain momentum to be on the right trajectory of growth.

In November 2020 the Group secured contracts to supply PNG to 4 customers who hail from the packaging, food production, hospitality and waste management industries.

The Group has also signed a letter of intent with a potential fifth customer to conduct technical and feasibility studies to supply LNG to its food production plant.

As Union Gas existing business has since gained sufficient traction are now ready to revisit the plans to offer PNG and LNG and promulgate this gas as a viable, sustainable and environmentally friendly alternative fuel.

Following the entering into the contracts, PNG and LNG form the Group’s fourth fuel product.

Between its financial years ended 31 December 2017 and 2019, Union Gas’ revenue and net profit grew at a compound annual growth rate of 41.8% and 55.6% respectively.

Despite the COVID-19 pandemic situation in 2020, the Group achieved strong performance for the six months ended 30 June 2020 with net profit surging 76.7% year-on-year to S$7.0 million on the back of revenue which rose 27.2% to S$43.2 million.

The Group’s healthy showing in recent years was mainly attributed to strong sales of LPG to domestic customers and its entry into the supply of LPG to commercial customers.

The new PNG and LNG business will fuel its future business growth.

Price @ 53 cents;
PE = below 10x
Yield = about 5% (50% payout)

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09 Mar 2022 12:26 #25941 by Rock
Replied by Rock on topic Sound Investment
Amount the 3 local banks I’m only vested in DBS. DBS had done well, profit had been growing. The bank had increased it quarterly dividend back from 18 cents to 33 cents. The latest quarterly dividend had been increased further to 36 cents. Total yearly dividend will be $1.44.
Share Price @ $31.23,
Dividend yield = 4.6%
PE = 11.7
My holding in DBS reduced from about 40% to 20% as share price increased as high as $37.

PROPNEX
PropNex had done well as compares to APAC in term of profit and share price. The share had crossed its peak of over $2 but had seen corrected to $1.65 before of government property cooling measures.
Share Price @ 1.65
Dividend yield = 7.57%
PE = 10.2
I had taken some profit when share price overruns
The company profit increased more than 100% and dividend. I had bought back to about 10% holding.

APAC
I have sold all my previous shares.
Recently bought back APAC. It’s profit increased over 100% and dividend also increased. APAC is cheaper than PropNex in term of PE and yield.
Share price @ 66 cents
Dividend yield = 11.3%
PE = 6.6
My holding about 10%

Challenger
5% of my holding.
Company business is sound and dividend yield of 4.8%.
PE = 11.5

Singapore O&G
Company business affected by pandemic for the past 2 years.
At price = 25 cent yield = 6.2%.
At offer price 29.5 cents, yield = 5.25% which I believe the offer price is low.
At 35 cents and above should be fairer offer. Yield = 4.4%.
My holding about 5%.

ESR-REIT
Bought this stock last year below 40 cents, dividend yield of about 7%.
As the merger don’t seem to. move smoothly I had reduced my hold from 10% to 5%.

RIVERSTONE
Riverstone is one of the cheapest stock.
PE = 2.5
Dividend yield = 19%.
Profit margin = 45%.
This company had been increasing dividend over the past 10 years.
The last 2 years profit and dividend increased very high.
Share price at it’s peak of over $2 in August 2020 but since then price had been gradually fall to as Low as 60 cents inspire of the super high profit and dividend paid out.
I had accumulated this stock to 10% of my holding.
Ex dividend of about 12 cents on 14/3/2022.

THAKRAL
Company profitable for the past 2 years. Company business had been diversified into properties and other ventures which are profitable.
Share price @ 57.5 cents
PE = 4.6
Yield = 6.95%
Final dividend = 2 cents
My holding about 5%.

SAMUDERA SHIPPING
Bought some @ 56 cents before announcing of final result.
Fy 2021 performance was super high.
CD 13.5 cents
Share price @ 74.5 cents, dividend yield of 18.5%.

UNION GAS & CASH
I had sold all Union Gas shares after company performance not up to expectations.
My cash holding is about 20%.

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26 Mar 2022 16:13 #25959 by Rock
Replied by Rock on topic Sound Investment
STOCKS OF THE SEASON

A-SONIC AEROSPACE
Market Cap = $46.5m
EPS = 13.8 cents
Cash flow = $53.5m
Cash/share = 77 cents
Share Price = 67 cents
P/E = 4.82
Dividend = 5.3 cents
Dividend Yield = 7.9%

RIVERSTONE HOLDING
Market Cap = $1.475b
EPS = 30.8 cents
Cash flow = $505,691m
Share Price = 99.5 cents
P/E = 3.2
Dividend = 15.4 cents
Dividend Yield = 15.45%

SAMUDERA SHIPPING
Market Cap = $492m
EPS = 32.4 cents
Cash flow = US$186m
Share Price = cents = 91.5 cents
P/E = 2.82
Dividend = 13.5 cents
Dividend Yield = 16.9%

GEO ENERGY
Market Cap = $655.2m
EPS = 17.1 cents
Cash flow = US$272m
Share Price = cents
P/E = 2.7
Dividend = 9 cents
Dividend Yield = 19.35%

GLOBAL TESTING
Market Cap = $52.81m
EPS = 36.2 cents
Share Price = $1.50
P/E = 4.14
Dividend = 20 cents
Dividend Yield = 13.33%

REX INTERNATIONAL
Market Cap = $486.7m
EPS = 7 cents
Cash flow = US$86.91m
Share Price = 35.5 cents
P/E = 5.07
Dividend = 0.5 cents
Dividend Yield = 1.4%

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27 Mar 2022 11:39 #25960 by Joes
Replied by Joes on topic Sound Investment
yup A-Sonic is now worthy of being mentioned. With international borders re-opening, logistics will hopefully get back to pre-Covid. A-Sonic is above water now, as far as watchlist criteria is concerned.

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15 Jul 2022 10:37 #25993 by Joom
Replied by Joom on topic Sound Investment
Recovery post-Covid is an interesting theme in which one stock looks good -- KSH Holdings (34 cents). Current FY23 earnings expected to grow double digit, with contribution from Gaobeidian project in China.

Company paid generous 2 cents in FY22, so dividend yield of 5.7% is very decent.
Company has net cash of S$23.2 million.

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