Singapore O&G

A comparison ... revenue n profits for year 2015 and 2017:

Singapore O&G ......... 2015 ........... 2017 ............ Dif .............. In %
Revenue ................... 16413 .......... 29902 .......... 13489 .......... 82.2
Profit attributable ....... 5341 ............ 8507 ............ 3166 ........... 59.3

As seen from above, revenue is up by 82.2% and profit is up by 59.3%

Just sharing ... vested

Revenue growth higher than profit.
Profit margin dropped?

The net margin is quite consistent and range from 28% to 32%.
There were some acquisitions n upgrading of a clinic which might
have impacts on latest year results. Nonetheless, the overall profit
has been impressive. Current year result is likely to be the best
since its listing in June 2015.

You may want to look at the details in the company's annual report
and the latest quarterly reports for year 2018.

Expressed are only my views and i could be wrong. Pls dyodd.

5 years financial results.

Singapore 0&G... FY'14 ..... FY'15 ..... FY'16 ..... FY'17 ..... Trailing '18
Revenue ............... 13546 ..... 16412 ..... 28674 ..... 29901 ..... 33841
net profit ............... 4248 ...... 5341 ...... 8803 ....... 8507 ....... 11142
np as % of sales ... 31.36 ...... 32.54 ...... 30.7 ....... 28.45 ...... 32.9
. ......................... .............. .............. .............. .............. ..............

From the above, it can be seen clearly that current financial year will SOG's
best of the last 5 years.

Just sharing ... vested

Quarterly performance for the past 5 quarters:

Singapore 0&G .. 3Q-'17 ... 4Q-'17 ... 1Q-'18 ... 2Q-'18 ... 3Q-'18 ...
Revenue ............... 7708 ....... 7945 ....... 8196 ....... 8635 ....... 9062 .......
net profit ............... 2346 ....... 2018 ....... 2475 ....... 3753 ....... 2896 .......
np as % of sales ... 30.4 ........ 25.4 ....... 30.2 ....... 43.5 ........ 32.00
< .......................> .............. .............. .............. .............. ..............

As seen from above, the quarterly performance/trend has been positive for a continuous 5 quarters.
Pls note that 2Q' 18 was an exception as there was a one off profit of S$1.25 mil. On the whole the trends are positive.

Just sharing ... vested.

summary ... why vested.:

1. generous dividend estimated at 1.8 cts annualised. Dividend yield estm at 5.3 % based on last traded price of 33.5 cts.
2. low valuation ... trailing p/e of 14.3, making it among the lowest in the healthcare sector
3. revenue trend - good
4. profit trend - good
5. current year result likely to be it' s best since listing in 2014
6. no debt
7. cash horde of S$18 mil
8. low risk as company has always been profitable since listing, has low valuation, give generous dividend,
trading near historical low of 32 cts, current price is more than 50% below its high of 74 cts 2 years ago, which means most of the risks are already taken up by the market.

Above are just my views and i could be wrong. pls do dyodd.