SIIC Environment Holding Ltd

16 Jun 2021 22:20 - 16 Jun 2021 22:21 #25775 by ngcheeki

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.

Hi josephyeo

   Thanks for your generous sharing.

   1. Though the NAV (Net Asset Value) of SIIC is around S$0.72, it has large amount of intangible and goodwill amounting to RMB$7,057,832.00.. Hence, for conservative purpose if we assign 0 to the intangibles, the NTA  (Net Tangible Asset) is 16 S cents.

   2. Another issues with SIIC, is the net gearing ratio is high. Based on the net gearing ratio of (16.9 - 3.7)/9.05 or %146,  the gearing level is quite high and guess it is one of the reasons of why the share price is relatively low.  The issuing of rnm10b bond, however may reduce the interest rate expense and hopefully increase the company margin. Hope that the company put in more effort is reducing the gearing.

   3. The PE is pretty low at 4X and the yield of 5% is respectable though.

Last edit: 16 Jun 2021 22:21 by ngcheeki.

Please Log in or Create an account to join the conversation.

17 Jun 2021 15:11 #25777 by josephyeo
Hi ngcheeki. tks for sharing. Points noted.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings4.030-0.020
Avi-Tech Electronics0.405-
BH Global0.295-
China Sunsine0.5000.005
Food Empire0.8550.005
Fortress Minerals0.640-
Golden Energy0.385-
GSS Energy0.0670.001
ISDN Holdings0.725-
IX Biopharma0.2350.005
KSH Holdings0.370-
Leader Env0.0760.002
Medtecs Intl0.810-
Moya Asia0.067-
Nordic Group0.315-
Oxley Holdings0.2300.010
REX International0.2100.005
Southern Alliance Mining0.990-
Sri Trang Agro1.560-
Straco Corp.0.530-
Sunpower Group0.6900.010
The Trendlines0.102-
UG Healthcare0.575-
Uni-Asia Group0.9850.020
Wilmar Intl4.4900.030
Yangzijiang Shipbldg1.4200.040
Yinda Infocomm0.230-

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1669 guests and one member online

  • Lionel Lim