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GSS Energy
11-03-2019, 01:00 AM.
Post: #1
GSS Energy
Did not manage to find a thread on this small cap SGX counter so decided to start one for discussion.

This company’s core business is its precision engineering segment which counts many global MNCs as its customers. It is currently the sole revenue driver and has been constantly producing stable income for the company.

In recent years the company went into the O&G segment in which they explore and dig up old gas wells together with a local partner. The company has met many setbacks in the past couple years with regard to this new business and as a result share price plummeted. However, it seems they are finally poised to monetise the oil wells this year.

Also, recently the PE business struck a joint partnership with GPCC Korea to manufacture and assembly  electric scooters and tuktuks. The partnership will see them introduce a range of high performance electric vehicles under the ISO brand which is owned by Ferruccio Lamborghini (grandson of the founder of the Lamborghini group) through a master license agreement.

Currently it is at a market cap of ~$50M, and market has not included any value to its O&G segment. Would be great If anyone has any insights/pointers to share about this company!

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