SIIC Environment Holding Ltd

17 Apr 2021 07:59 #25702 by josephyeo
In addition to the projects announced recently the company as of end 2020 has the following projects. See quote below:

"As of FY2020, the Group hold more than 200 wastewater treatment and water supply projects with a total design capacity of more than 12.89 million tonnes per day."

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17 Apr 2021 08:05 #25703 by josephyeo
Management commented that:

"The projects are expected to contribute positively to the Groups performance going forward."

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02 May 2021 14:41 #25725 by josephyeo

The board of directors of SIIC ENVIRONMENT HOLDINGS LTD.

hereby announces that a meeting of the Board will be held on Monday, 10 May

2021 for the purposes of, amongst other matters, approving the first quarterly

results of the Company and its subsidiaries for the three months ended 31

March 2021 for publication and considering the payment of a dividend, if any.

Mr. Yang Jianwei Executive Directo

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11 May 2021 14:13 #25741 by josephyeo
SIIC Environment reported another set of excellent results with profits improving by

23.1%. At current price it is trading at 1/3 its nta of 70.1 cents. Dividend yield is

4.2% and forward p/e less than 4X.

Vested! Dyodd.

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26 May 2021 23:30 - 26 May 2021 23:32 #25753 by josephyeo

Question 1:
Is there a dividend policy in place at the Company? Will the Company consider
raising the amount of dividends when the company&rsquo s future performance grows, as it has always reported declared the same amount of dividends?

Response to Question 1:
The Chairman expressed his gratitude to the shareholders of the Company for their long-term investment. The Chairman replied that the declaration of the Companys dividend is based on the financial performance, cash flow and business development needs. The declaration of dividends and the amount of dividends declared will be carefully discussed and reviewed by the board at all times. In order to increase shareholder returns, the board has distributed an additional interim dividend of S$0.01 in 2018. The companys three-year
profit gap in 2018, 2019 and 2020 are not very big and it maintains a continuous and stable growth rate of 6% to 11%. We will continue to work hard and expect the companys profits to rise continuously in the future. The board would also consider the suggestion from shareholders into account when determining
the declaration of dividends. As the companys earnings grow, it will further increase the amount of dividends by a certain percentage, giving investors with a level of stable expectations.

Personal notes:
1. from the management response I can sense that the company's financial result is going to improve further.
2. the response also implies that there is a fair chance of an interim dividend.
Above are just my feelings n I could be wrong. Pls dyodd. I am vested so my views could be bias.
Last edit: 26 May 2021 23:32 by josephyeo.

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16 Jun 2021 15:40 #25773 by josephyeo
Some basics datas:

1. trailing p/e - 3.9X
2. dividend yield - 4.9%
3. nta - 72.0 cents
4. current price - 21.0 cents.
5. profit since 2018:
2018 - profits $112.4 mil
2019 - profits $126.0 mil
2020 - profits $131.3 mil

For info only. Dyodd.

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