Wei Yuan Holdings (HK.1343)

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
#1
<Posting as an ordinary member>

Came across this HK-listed company, they operate in the cable installations for power grid and telecommunication companies in Singapore with a minor business segment in road surfacing.

Company is turning around and looks set to announce 1HFY2021 net profits of s$1.2 million for the first half, second half's results is likely to be s$1.2 million as well because Singapore has removed border measures and re- started the inflow of foreign workers.

The company tendering record is good as they have been constantly completing projects and reporting profits (pre COVID times they reported s$5-8 million annual profits). Potential growth is the expansion of the building industry as Singapore tries to stimulate the country post-COVID by pushing forward infrastructure projects; I expect profits to be s$5 million in 2022; assuming no change in border policies for foreign workers

Current market cap is s$23.5 million (HKD $135 million).

Management is rather conservative in and it feels like a potential TTJ in the making but in a different segment of Singapore's civil engineering industry

Investor Relation (weiyuanholdings.com)
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)