HG Metal
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HG Metal a hidden gem ?
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Don't missed out on this Myanmar play...cement co. has shot up, metal will surely follow! 😊
Pull back for a greater leap ahead? 😉
johnng ( Date: 13-Sep-2013 08:43) Posted:
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another gem waiting to go 10cents?? |
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another gem waiting to go 10cents??
I prefer invest in Sapphire to HG Metal for very long term (eight years holding) huge capital gain!
freeman_5js ( Date: 09-Jan-2013 14:08) Posted:
| huge gain this few days. any idea y? |
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huge gain this few days. any idea y?
This GEM being hovering at around 8 cents, when is it turns to head north.....
HG Metal: Proposed Sale And Leaseback Of 15 Jurong Port Road Singapore 619119.
05 Dec 2012 09:57HG Metal Manufacturing Limited is pleased to announce that the Company has on 4 December 2012 entered into a conditional sale and purchase agreement with RBC Investor Services Trust Singapore Limited, in its capacity as trustee of Cambridge Industrial Trust, in connection with the proposed sale and leaseback arrangements for the whole of Lot 2938P Mukim 6 located at 15 Jurong Port Road Singapore 619119 together with the buildings erected on the Property and the plant, mechanical and electrical equipment, fixtures and fittings relating thereto. The net proceeds from the proposed sale of the Property is about S$42,600,000.00...More information available here.
the stock haven capture much attention.......stil llooking
hg metal........undervalued...........
New investor invest at $0.14.....
OCS and Hanwa Co., Ltd, (“Hanwa”), a company incorporated in Japan, entered into an agreement dated 30 January 2012 pursuant to which OCS sold to Hanwa 32,800,000 ordinary shares (the Shares) in the listed company for cash at a consideration of S$0.14 per share
wow the company must be generating good profit, heard they are holding their annual dinner at MBS...
a gd industry to be in. one of tt top few in SGP
but need to work on its profit n share price. hope tt co is on a better track
Idiot stock. Revive financial result but price dipped.
Personal Assistant
You will provide secretarial support to the management. Your responsibility will include but not limited to handling general correspondence, preparation of presentation and reports, scheduling of meeting, compilation and preparation of management reports, organizing travel and hotel arrangement and any other ad hoc duties as assigned by the Management.
Requirement
Min GCE A level or Polytechnic Diploma holder
Min 2 years experience supporting C-level management
Proficient in Microsoft office (powerpoint, word, excel)
Excellent communication skills
Good attitude and mature
Interested applicants, please forward a detail resume indicating current and expected salary to:
hr@hgmetal.com
Anyone interested!!
China Hongxin Sports and HONGWEI TECHNOLOGIES LIMITED suspended on 28/2/2011. So scary guys, luckily HG Metal is not a S chip
Stock Picks by Asiasons WFG and OCBC Investment Research
February 15, 2011HG Metal Manufacturing Limited
by Asiasons WFG
Financial Review – The group recorded lower revenue and gross profit for 1Q11, compared with 1Q10, following the non-consolidation of the financial performance in BRC Asia Limited (BRC) from December 2009 as BRC ceased to be a subsidiary of the group.
Revenue declined 50 per cent to S$45.4 million, from S$90.7 million, while gross profit decreased 59 per cent to S$5.6 million, from S$13.8 million.
The group recorded a net profit after tax of S$5.4 million in 1Q11, compared with S$11.6 million for 1Q10, which included contributions and disposal gains from BRC.
Excluding the contributions from BRC and fair value gain of S$2.0 million for the outstanding call options and warrants, the group posted a net profit after tax of S$2.8 million in 1Q11 compared with a net loss of S$500,000 in 1Q10.
Industry Review – The outlook for steel in Asia continues to improve in 2011. External events such as the flooding in Australia have impacted supplies of steel-making raw materials, which in turn have led to firmer steel prices. Combined with the comprehensive review and write-down of the slow moving inventories within the company during the financial year ending 30 September 2010, this uptrend consequently places HG Metal in a favourable market position.
Company Review – The group continues to develop its new direct project-based business model. Management had secured its first contract to supply offshore grade steel to an Indian oil and gas project in the period ending 31 December 2010. Going forward, HG Metal will continue to leverage on its strategic links with the new controlling shareholder, Oriental Castle Sdn Bhd, to extend both its geographic reach and product offering.Our View – While HG Metal’s new strategy of supplying steel to projects and end-users to generate direct sales is positive, we feel that what is more interesting for the company in the short term is the fact that global steel prices have been on an uptrend of late. Should this trend continue, we believe that HG Metal would stand to benefit from this phenomenon and that this may be reflected in their 2Q11 profit numbers. Along the same lines, note that any downturn in steel prices would also negatively impact HG Metal (or any other steel stockist, for that matter)
Business overview: HG Metal is one of the
leading stockists in Singapore, offering over
2,000 different types of steel products used in
various industrial and engineering applications.
To differentiate itself from competition, the
company also manufactures customised flat
steel bars and mild steel IP channels. This “onestop
supermarket” strategy enables HG Metal to
meet its customers’ requirements more quickly.
Recent development: Following the entry of the
new controlling shareholder, Oriental Castle Sdn
Bhd (OCS), on 15 November 2010, HG Metal has
recently strengthened its management team to
include Dr Patrick Seil, the former managing
director of Arcelor Mittal, a global steel
The worst may be over. HG Metal has clearly
worked to bounce back from a dismal year in
FY Sept09. Despite the 53% dip in revenue, core
profits from operation has recovered to $2.8m
in 1QFY Sept11 so far, excluding the contribution
from BRC Asia and any fair value gains. GPM also
improved to 12.3% from 8.3% a year ago.
Balance sheet clean‐ up. With the write‐ down
of slow moving inventory purchased at the peak
of the steel cycle, the company is now in a
favourable position to benefit from the rising
steel prices. Bank borrowings also have been
pared down, such that gearing ratio improved to
0.19x from 0.31x a year ago.
New strategic direction. The company
intends to further develop its new direct projectbased
business model. To diversify its revenue
base, management has recently secured its first
contract to supply offshore grade steel to an
Indian oil and gas project.
Clear vision for the future. HG Metal intends
to leverage on its strategic links with OCS to
extend both its geographical reach and product
offering. In particular, it will focus on high grade
steel products like high strength beams and high
strength plates for construction, ship building
and pressure vessels. Currently, this segment
contributes about 12.4% of the total revenue
and HG Metal plans to increase it to 20‐ 30%.
Hot stock
HG Metal (HGM SP, $0.12, NOT RATED) – HG Metal reported a commendable set of 1QFY Sept11 results, which saw its core business returning to the black with a net profit of $2.8m amid rising steel prices and cost savings from better inventory control. The company has recently strengthened its management team following the entry of a new controlling shareholder, Oriental Castle , in November last year. |
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Today top volume - lye liao, cheonging !!!
HG Metal Manufacturing swings back to black in 1Q | WRITTEN BY THE EDGE |
| THURSDAY, 10 FEBRUARY 2011 22:08 |
Steel stockist HG Metal Manufacturing says its core business of trading and manufacturing steel products has returned to black with net profit of $2.8 million for the 3 months ended 31 December 2010 (1Q2011) from a loss of $0.5 million in 1Q2010. The earnings recovery was built upon rising steel prices and cost savings gained from better inventory management of its trading business.
The group recorded 50% lower revenue of $45.4 million for 1Q2011, compared to $90.7 million in 1Q2010, due to the reduction of its stake and non-consolidation of the financial performance in BRC Asia from February 2010. Similarly, gross profit decreased 59% y-o-y to $5.6 million from $13.8 million. |
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