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EGP ENERGY CORP
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IPO $0.51
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Joelton
Supreme |
02-Sep-2026 10:51
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EGP Energy unit secures transmission and distribution project valued at S$6.2 million [SINGAPORE] A wholly owned subsidiary of electrical infrastructure solutions and service provider EGP Energy : EGX +2.16% on Tuesday secured a project with an aggregate value of about S$6.2 million. Subsidiary EGP Smart Energy bagged the contract, which concerns a &ldquo key infrastructure customer&rdquo of the group, bringing EGP Energy&rsquo s order book to about S$305.1 million as at Tuesday (Sep 1). This is the group&rsquo s third contract announcement since its trading debut on the mainboard of the Singapore Exchange (SGX) on Jul 29. On its SGX mainboard debut, the company&rsquo s shares closed 21.6 per cent higher than the initial public offering (IPO) price of S$0.51 per share. Earnings per share based on the group&rsquo s share capital after the IPO stood at S$0.0269 for the half-year, up from S$0.0096 in year prior. The group posted a 179.7 per cent surge in net profit to S$6.1 million for the first half of the year ended Jun 30, from S$2.2 million for the previous corresponding period, on the back of revenue growth in its key operating segments. Shares of EGP Energy ended 2.2 per cent or S$0.015 higher at S$0.71 prior to the news. |
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Joelton
Supreme |
15-Aug-2026 16:00
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EGP Energy H1 net profit rises 179.7% to S$6.1 million on strong revenue growth [SINGAPORE] EGP Energy Corp : EGX +0.65% posted a 179.7 per cent rise in net profit to S$6.1 million for the first half of the year ended Jun 30, 2026, from S$2.2 million in the previous corresponding period. This was driven by revenue growth across both its key operating segments, the mainboard-listed electrical infrastructure solutions provider said in a regulatory filing on Thursday (Aug 13). Revenue for H1 surged 157.4 per cent to S$30.7 million, from S$11.9 million a year earlier. This was due to higher revenue recognised from new transmission and distribution projects that commenced during the period, as well as new projects and ad-hoc service contributions under its maintenance and services segment. The group made its listing debut on the Singapore Exchange (SGX) on Jul 29, 2026. Earnings per share based on the share capital after its initial public offering stood at S$0.0269 for the half-year, up from S$0.0096 in the previous year. No interim dividend was declared for the half-year. Shares of EGP Energy rose S$0.01 or 1.3 per cent to S$0.78 at Friday&rsquo s midday break, after the results were announced. |
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Joelton
Supreme |
14-Aug-2026 09:46
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EGP Energy 1HFY2026 net profit soars 180% y-o-y to $6.07 mil in maiden results For 1HFY2026 ended June 30, newly-listed EGP Energy Corporation reported 180% y-o-y rise in patmi to $6.07 million, on revenue of $30.7 million, which is a 157% increase from the previous corresponding period. No interim dividend was declared. Gross profit rose 227% y-o-y to $10.1 million, outpacing growth in cost of sales which rose 133% y-o-y to $20.6 million. The stronger performance was attributed to higher revenue from the transmission and distribution (T& D) and maintenance and services (M& S) segments. Segmentally, the T& D segment recorded half-year revenue of $20.8 million, up 156% y-o-y. This was mainly due to revenue recognised from new T& D projects that commenced during 1HFY2026 as well as from projects that commenced in late FY2025 and progressed substantially during 1HFY2026. Meanwhile, the M& S segment saw its revenue grow nearly 160% y-o-y to $9.9 million due to the commencement of a new project during 1HFY2026 and an increase of approximately $2.0 million from the provision of ad-hoc services during the six months under review. As at June 30, cash and bank balances stood at $27.1 million and the company had zero bank borrowings. Net asset value is 25.08 cents. As of Aug 13, EGP Energy&rsquo s order book stood at $296.2 million, with projects are slated for progressive completion through 2031, providing revenue visibility. The company is &ldquo optimistic&rdquo about its business prospects over the next 12 months. Its growing order book, established customer relationships, experienced management team and strengthened balance sheet following the successful completion of its IPO, which raised net proceeds of $27.4 million, supports its outlook. &ldquo Backed by our track record, longstanding customer relationships and experienced project team, we will continue to pursue tender opportunities that play to our technical strengths and meet our targeted returns,&rdquo says CEO Frankie Fan. &ldquo With the funds raised from our recent IPO, we are well-positioned to accelerate our growth plans, including strategic partnerships, joint ventures and acquisitions, and to expand into selected regional markets where our expertise gives us a clear edge.&rdquo Shares in EGP Energy dipped 0.5 cents, or 0.7%, to close at 77 cents on Aug 13. Since joining the Mainboard of the Singapore stock exchange on July 29, the stock has surged 51% from its IPO price of 51 cents. |
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SmallSmall
Supreme |
06-Aug-2026 10:55
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Looks like it may go for the $1 level after the profit guidance...$0.845 +$0.055
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spursfan
Supreme |
06-Aug-2026 09:46
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still going strong after ipo with this positive profit guidance for 1h26 ' the Group is expected to report a substantial increase in revenue and net profit for HY2026 as compared with the corresponding period ended 30 June 2025, mainly driven by the commencement of new projects and the continued progress of projects secured in the preceding financial year' https://links.sgx.com/1.0.0/corporate-announcements/5Y32MBVW5NTL7L34/898741_20260805%20-%20EGPEC%20-%20Profit%20Guidance%20Ann%20HY2026.pdf |
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SmallSmall
Supreme |
04-Aug-2026 22:40
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Closed $0.79. A good stock moves quietly without fanfare. Time to move on as the risks invreases with the gaps...
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SmallSmall
Supreme |
04-Aug-2026 15:52
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$0.72 +$0.05...otw to $0.75 then $0.80 ....
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SmallSmall
Supreme |
04-Aug-2026 10:48
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Uncharted liao $0.69 +$0.02
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SmallSmall
Supreme |
03-Aug-2026 11:26
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$0.67...+0.035 new high | ||||
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SmallSmall
Supreme |
31-Jul-2026 09:04
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Ginko-AGT Global Growth Fund crosses 5% | ||||
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Joelton
Supreme |
30-Jul-2026 10:06
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EGP Energy wins $1.1 mil contract, brings order book to $302.4 mil EGP Energy Corporation, which ended its trading debut at more than a fifth above its IPO price, announced that it has won a $1.1 million contract. The company, which priced its IPO at 51 cents, now has an order book worth $302.4 million, to be fulfilled progressively to 2031. EGP says the newly-won contract is for a 66kV switchgear for a battery energy storage system in Singapore. The contract was awarded by a Singapore-based engineering company providing mechanical and electrical engineering services, technical manpower supply, and equipment and spare parts sourcing to industries. EGP' s executive chairman and CEO Frankie Fan says this project underscores the company&rsquo s capability in delivering high-voltage electrical infrastructure for Singapore' s energy sector. He notes that the order book now is around 7.8 times the company' s FY2025 revenue of $39 million. " This reflects the broader momentum in Singapore' s electrical infrastructure sector, as investment continues to flow in to meet growing energy demand from data centres, semiconductor manufacturing, and electrification. " With over three decades in the T& D industry, we are well-positioned to capture these growth opportunities," he adds. EGP shares ended the day at 62 cents, after hitting as high as 66 cents earlier in the day. EGP Energy shares rise 23.5% above IPO price on trading debut [SINGAPORE] Shares of electrical infrastructure solutions and service provider EGP Energy Corporation rose on Wednesday (Jul 29) morning on its trading debut on the Singapore Exchange (SGX). The counter began trading at S$0.55, up 7.8 per cent from its initial public offering price of S$0.51. It later rose further to S$0.63 &ndash 23.5 per cent up from the IPO price &ndash at midday. EGP Energy is the fourth company to list on the SGX mainboard this year, following the listings of Foundation Healthcare, JustCo and UI Boustead Reit. It now has an issued share capital of nearly 225.5 million shares, with a market capitalisation of about S$115 million based on the offering price. &ldquo This listing strengthens our financial position and gives us the platform to deepen our capabilities, grow with the demands of Singapore&rsquo s evolving electrical infrastructure, and extend our track record into new markets across the region,&rdquo said Frankie Fan, executive chairman and CEO of EGP Energy. Expansion planned EGP Energy provides end-to-end engineering, construction and maintenance services for major power grid projects, ranging from medium-voltage local networks to extra-high-voltage transmission lines. Its IPO comprised about 18.8 million offering shares priced at S$0.51 each. Of these, about 17.8 million shares were offered through an international placement to institutional and other investors in Singapore, as well as selected institutional and other investors outside the US. One million shares were offered to the public in Singapore. The Singapore shares offered were 17.6 times subscribed by the close of the public offer at noon on Monday, with 651 valid applications for the offer shares. These applicants applied for an aggregate of 17.6 million shares, with about S$9 million received in application monies, said EGP Energy. The company expected to raise total gross proceeds of about S$30.6 million and net proceeds of about S$27.4 million through the IPO and cornerstone subscription agreements. These agreements were expected to raise about S$21 million in gross proceeds across about 41.2 million new shares. The company said it intends to use the proceeds primarily to expand its product offerings and customer base, strengthen its maintenance services capabilities, invest in digitalisation and intelligent technologies, and support its expansion into Malaysia and Indonesia. While EGP Energy said it does not have a defined dividend policy, it previously said it intends to recommend and distribute dividends of up to 40 per cent of its net profit after tax for 2026 and 2027. |
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SmallSmall
Supreme |
29-Jul-2026 10:29
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EGP Energy Corporation shares debuted on the Singapore stock market on July 29 at 55 cents, four cents or 8% higher than the offer price. EGP Energy is an established electrical infrastructure solutions and service provider in Singapore&rsquo s power transmission and distribution (T& D) industry. The company provides end-to-end engineering, construction and maintenance services for major power grid projects, ranging from medium-voltage local networks to extra-high-voltage transmission lines. Holding Singapore&rsquo s top industry credential, the Building and Construction Authority&rsquo s (BCA) SY04 L6 qualification, EGP Energy has unlimited bidding capacity to take on public and private grid projects of any size. EGP Energy executive director Nicholas Fan says: &ldquo Since our inception over 30 years ago, our group' s mission has been to enable safe, reliable, and high-quality engineering solutions for Singapore' s power transmission and distribution infrastructure. We have grown alongside Singapore' s energy infrastructure, and as Singapore continues its transition towards a more electrified future, we' re excited by the opportunities ahead.&rdquo Pol de Win, head of global sales and origination, SGX Group, says that EGP Energy&rsquo s listing is about helping Singapore companies grow their international footprint. &ldquo This listing is about scale. It gives a proven Singaporean engineering firm the capital to expand across Southeast Asia and take on major grid projects in new markets. It is a compelling infrastructure story, and it shows how public markets can help established, local companies fund their next phase of regional growth.&rdquo The company' s IPO was 1.7 times subscribed, with the public tranche of one million shares 17.6 times subscribed. |
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SmallSmall
Supreme |
29-Jul-2026 10:01
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Any target price? Now $0.64 +$0.13 volume 5.3 mil ! $1 ? |
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huattuatua
Elite |
29-Jul-2026 09:14
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wow 8 cts premium leh.:))))
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SmallSmall
Supreme |
29-Jul-2026 09:10
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I wouldn' t short this one. Once in a blue lagoon there will be one that will catch the shorts naked. $0.58 now vs IPO $0.51 |
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