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Qian Hu
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Joelton
Supreme |
11-Aug-2026 09:23
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Singapore-listed Qian Hu sets up Timor-Leste subsidiary to tap aquaculture potential [DILI] Ornamental fish and aquarium products company Qian Hu : BCV 0% is making its debut in Timor-Leste, a half-island nation home to one of the world&rsquo s most biodiverse waters, to get an early foothold in its nascent but promising aquaculture industry. Incorporated in June, Timor Aquahub International was established to undertake Qian Hu&rsquo s aquaculture business in Timor-Leste, including the development of sustainable lobster farming and seafood-processing operations. Qian Hu owns a majority stake of 55 per cent in Timor Aquahub, while former Timorese secretary of state for electricity, water and urbanisation Januario Pereira has a 25 per cent stake. The remaining 20 per cent is owned by Singaporean Roger Koh, the subsidiary&rsquo s managing director and a veteran in Indonesia&rsquo s fishery scene. The first phase of its operations involves the establishment of an operational base in the country&rsquo s capital, Dili. At a tour of the facility in July, Koh told The Business Times that it will serve as a domestic distribution hub supplying live seafood to supermarkets, restaurants and other customers in Timor-Leste and also as an export hub serving international markets. The base houses an office space a seafood processing and packing area cold-storage facilities as well as backup generators. It also has a quarantine centre to store lobsters and mud crabs for export, and fish for wholesale, said Koh. The centre holds 60 tanks, which can altogether store up to 3,000 kg of lobsters at any one time, and use Qian Hu&rsquo s proprietary recirculation aquaculture system, he noted. Investing in the future Koh told BT that some US$500,000 has been invested in the facility thus far. The figure is expected to double to US$1 million to complete the buildout of the property. Renovation is expected to end by September. The goal is to develop a sustainable aquaculture and marine fisheries ecosystem, he said. &ldquo In Singapore, the problem is labour. Over here, it&rsquo s not about labour but the cost of the feed,&rdquo he explained. Generally, feed makes up some 30 per cent of product costs labour accounts for another 20 to 30 per cent and seed stock is another five to 10 per cent. To lower costs to an optimal 50 per cent of the product price, Timor Aquahub plans to work with local Timorese fisherfolk. It intends to bring in specialists to train, and loan equipment &ndash such as boats, specialised traps and cold-chain solutions &ndash to locals keen on selling their catch or farming fish for the company. These initiatives are expected to enhance catch volumes, product quality, post-harvest handling while generating greater efficiencies and cost savings in the long run, Koh said. Over the next six months, the company intends to engage more than 200 fisherfolk across Timor-Leste, by conservative estimates, Koh told BT. It already has boots on the ground in the southern coastal city of Suai, and intends to venture eastward to Betano village, before expanding its presence across the entire southern coast of the country. &ldquo We need to produce a proper ecosystem,&rdquo said Koh. &ldquo Right now, there&rsquo s no fishing industry here (except for) a very small, localised one,&rdquo he said. Timor-Leste&rsquo s fishing industry is almost entirely made up of small-scale fisheries and traditional fisherfolk, most of whom engage in the trade for subsistence. Local fisherfolk sell their catch in makeshift markets or by hawking in the streets. By growing the industry, the company hopes for Timor-Leste to become a destination for the production, transit and export of high-value marine products, said Koh. This includes lobsters, mud crabs and other high-end commodities such as sea cucumbers. &ldquo We are not here to steal from (locals). We are hoping to come and transfer our technology and skills... That&rsquo s the only way we can keep a long-running business (and) a constant channel of good stock that is also sustainable.&rdquo Sea of opportunities As Timor-Leste accelerates efforts to diversify from petroleum amid dwindling reserves, the government formally established in February the blue economy as a central pillar of national development &ndash with the priority areas of marine ecotourism, aquaculture and fisheries. While nascent, the nation&rsquo s growing aquaculture industry has vast potential, thanks to natural geographic advantages. It is one of six countries that sit in the Coral Triangle &ndash an ocean region between South-east Asia and the Pacific known as the &ldquo Amazon of the Seas&rdquo , and is home to some of the world&rsquo s most biodiverse waters. It has a coastline of more than 700 km, nearly four times that of Singapore&rsquo s. On the drawing board The next phase of Timor Aquahub&rsquo s operations in Timor-Leste involves the production of marketable seafood, beginning with the stocking and cultivation of eggs, juvenile fish, lobsters and crabs, among other marine species, said Koh. This includes the construction of a second facility in Dili: a seaside hatchery, by a mangrove area, estimated to cost some US$2 million to develop. Koh told BT that the Timorese government has committed land to the project, and that Timor Aquahub is targeting completion in some three years. The development&rsquo s expansion will be phased, so profits from its capital injection can be ploughed back to the company&rsquo s subsequent growth, he noted. Koh has been in the fishery industry for more than two decades, mainly in Indonesia. He started out as a fisherman, moved on to farming, became a hatchery technician, trader and now focuses on business development. Qian Hu was established in 1998 and listed on the Singapore Exchange in 2000. It is engaged in the distribution of more than 1,000 types of ornamental fish, as well as the manufacturing and distribution of aquarium accessories and pet products. It is also in the aquaculture business, having ventured into fish farming, seafood trading and technology-driven farming solutions. &ldquo Full potential is on the horizon,&rdquo Koh concluded. &ldquo You just need to look for it because it is the land of opportunity here. Singapore could start off with nothing, but you can start off with many things here.&rdquo |
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Joelton
Supreme |
08-Jan-2026 09:57
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Qian Hu Corp guides for net loss for FY2025 from lack of one-off compensation income
The net loss is also attributable to a net change in fair value on certain financial assets recognised in FY2025.
Qian Hu&rsquo s board wishes to highlight that the group&rsquo s working capital position remains healthy.
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Joelton
Supreme |
08-Oct-2024 12:56
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Qian Hu jumps 24% to 7-year high after news of leadership changes
Kenny Yap to step down as executive chairman at the end of the year and will be replaced by his nephew, chief executive Yap Kok Cheng
SHARES of Qian Hu : BCV -4.73% rose on Monday (Oct 7) to reach a seven-year high after the company announced last week that its executive chairman Kenny Yap will retire at the end of the year.
The counter rose S$0.036 or 24.3 per cent to S$0.184 after 11,000 shares changed hands shortly after the market opened. This is higher than the stock&rsquo s average volume of 2,807 securities.
The last time the counter had reached such levels was in March 2017, when it traded above S$0.18.
By 10.38 am, the counter was still up 24.3 per cent or S$0.036, with 14,000 securities having changed hands. No married deals were recorded in early trade, ShareInvestor data indicated.
Last Thursday, the ornamental fish service provider said in a regulatory filing that executive chairman Kenny Yap will step down from his directorial role at the end of the year, and chief executive Yap Kok Cheng will assume the post.
Kenny Yap, 59, has agreed to be an adviser to the board of directors without remuneration. He has been at the helm of the company since 1998 and led it to a listing on the Singapore Exchange.
&ldquo In 2005, some five years after Qian Hu listed, we started a management trainee programme with the aim of identifying a succession team by the time I reach the age of 55. However, in 2020, when I turned 55, we were in the midst of the pandemic, so I waited another year to announce my successor,&rdquo Kenny Yap said.
As executive chairman, Kenny Yap focused on mentoring Yap Kok Cheng, who assumed the CEO role in 2021, and on strengthening diversity within the company&rsquo s board. He also worked on improving the company&rsquo s environmental, social and corporate governance.
Kenny Yap had once vowed to bring the company&rsquo s revenue past the S$100 million mark, but the company struggled, reported The Business Times in 2020.
It posted a 10.2 per cent drop in 2019 revenue to S$76.9 million. Net profit did increase 128.9 per cent. But for the first half of this year, Qian Hu reported a net loss of S$525,000. Yap attributed the losses to unprecedented supply chain disruptions related to Covid-19.
In its latest financials, the fish vendor sunk into the red with a net loss of S$9.3 million for the second half ended Dec 31, 2023. This was in contrast to a net profit of S$584,299 in the year-ago period.
The loss was largely due to a S$7.4 million loss on the disposal of a substantial portion of its Asian arowana &ndash also known as dragon fish &ndash broodstock.
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Joelton
Supreme |
04-Oct-2024 12:25
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Qian Hu&rsquo s executive chairman Kenny Yap to retire end-FY2024
Mainboard-listed Qian Hu Corporation BCV &rsquo s executive chairman Kenny Yap will retire on Dec 31. He will be replaced by CEO Yap Kok Cheng, with effect from Jan 1, 2025, under the designation of executive chairman and CEO.
Following his retirement, Kenny has accepted the request of Qian Hu&rsquo s board to take on the role of advisor to the group on a pro bono basis.
According to the group, Kenny has been &ldquo at the helm of Qian Hu since 1998 and through his leadership, vision and passion for the industry, he led the company through over two decades of growth and transformation&rdquo .
Under Kenny&rsquo s tenure, the group has since grown from a family-owned fish farm into an integrated global player in ornamental fish, aquaculture, aquarium and pet accessories, with a market reach of over 80 countries and cities.
Kenny says: &ldquo In 2005, some 5 years after Qian Hu had listed, we started a management trainee programme with the aim of identifying a succession team by the time I reached the age of 55. However, that year we were in the midst of the pandemic, so I waited another year to announce my successor &ndash that was in 2021. I had also intended to fully retire by the time I reached 60 &ndash and that will be in 2025.&rdquo
&ldquo I am now looking forward to my retirement, knowing full well that wherever I may be in the world, I have peace of mind that Qian Hu is in safe, capable hands. I believe that my succession team will be able to build an even stronger and bigger Qian Hu in the years ahead,&rdquo adds Kenny.
Kok Cheng, his successor, first joined the group in January 2005 as a management trainee. He was subsequently appointed general manager of China operations in 2016, which focused on business development in China as well as driving the group&rsquo s new aquaculture business.
Kok Cheng took on the role of CEO from Jan 1, 2021.
Kok Cheng says: &ldquo My vision for Qian Hu going forward is to ensure that we collaborate with the industry, connect with our stakeholders and create innovative solutions to meet the needs of our customers.&rdquo
He adds: &ldquo With Kenny as our advisor amidst an evolving business landscape, I am confident that we can take Qian Hu to greater heights.&rdquo
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Joelton
Supreme |
13-Mar-2024 09:43
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Qian Hu proposes acquisition of Selangor property for RM14.5 mil
Qian Hu Development, a wholly-owned subsidiary of Qian Hu Corporation BCV 0.00% , has proposed the acquisition of a property in Selangor, Malaysia for a purchase consideration of RM14.5 million ($4.1 million).
On March 12, Qian Hu announced that the subsidiary had entered into a sale and purchase agreement with Magnum Concept for property, which consists of a 3,695 sqm plot of freehold land and a two-storey warehouse in construction on the land.
Qian Hu intends to relocate and consolidate its wholesale and distribution business activities in Malaysia at the property to increase operational synergies and improve efficiencies, compared to the current leasehold premises from which it operates.
The proposed acquisition is also part of the group&rsquo s plan to expand its pet accessories business in Malaysia, and will enable the group to have more control over the future of its commercial space to generate potential long-term cost savings.
The purchase consideration will be financed by internally generated funds and bank borrowings.
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ThroneKingdom
Senior |
29-Dec-2023 09:38
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Brother, why you buy this stock ? The BB not simple one wantt o see profit need to wait quite long unless you are loaded. During the IPO time he took so much money and buy whole stretch of bunglow at this place ThXXXXX.
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Joelton
Supreme |
29-Dec-2023 08:38
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Qian Hu issues FY2023 profit warning
In a bourse filing on SGX on Dec 28, the company says the expected FY2023 net loss is due mainly to streamlining and the transformation of certain business activities.
Qian Hu will report its earnings for FY2023 on Jan 12.
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vicloo
Supreme |
01-Aug-2023 18:41
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Only 29.7k profit.... barely enough to pay its ceo 1-2 month salary jialat indeed. Better watch and see 1st.
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reformazi
Member |
01-Aug-2023 18:24
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Another disappointing results. Hope the new CEO, Yap Kok Cheng, can turn the business around by 3Q or 4Q this year!
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Joelton
Supreme |
19-Jul-2023 11:59
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Qian Hu posts 96.4% decline in 1HFY2023 earnings to $29,749
Mainboard-listed integrated fish service provider Qian Hu Corporation BCV 0.00% has reported net profit attributable to shareholders for 1HFY2023 ended June of $29,749, down 96.4% y-o-y.
This was on the back of a 9.9% decline in group revenue to $34.3 million, as it continues to be impacted by the Russia-Ukraine conflict and geopolitical landscape which dampened demand for its fish segment.
Meanwhile, its accessories business was affected by the weakening and conservative purchasing sentiments experienced globally. The group&rsquo s customers grew to be more vigilant in their procurement requirements due to trade disruptions, geopolitical tensions and economic uncertainties during the current period.
However, this was mitigated by the resumption of airfreight capacity since June 2022 and reopening of borders during the year, which helped to boost the group&rsquo s aquaculture exports from Hainan, China.
As at June 30, 2023, the group&rsquo s cash and cash equivalents stood at $15.9 million.
For 1HFY2023, the group&rsquo s earnings per share was 0.03 cent while net asset value per share was maintained at 43.03 cents, down slightly from the year-ago period.
It is not within the group&rsquo s practice to recommend an interim dividend and will declare annually together with its full-year results. It has said that it will be conserving cash for the first half period.
Yap Kok Cheng, Qian Hu&rsquo s CEO, says: &ldquo The outlook for the rest of the year continues to be extremely challenging. Notwithstanding, we remain focused on strengthening our balance sheet by decreasing bank loans, prioritising cash flow and reducing inventory. Building resilience in our core businesses continues to be a top priority while we take our relatively new Aquaculture business beyond gestation. We have much to do to expand the trading of our seafood products as well as distribution of pets products in Southeast Asia.&rdquo
The group is cautiously optimistic that it will be able to overcome the adverse impact that the global environment has on its businesses. It will persist in seizing opportunities for growth, developing new capabilities while raising its competitiveness, and remaining focused on its core strengths and long-term prospects.
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Joelton
Supreme |
21-Dec-2021 09:56
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Qian Hu invests $1 mil in aquaculture technology
MAINBOARD-listed Qian HuQian Hu: BCV 0% on Monday (Dec 20) announced that it has entered into a S$1 million unsecured convertible loan agreement with AquaEasy, a unit of the Bosch Group, in a strategic aquaculture tie-up.
In a press statement, the fish service provider mentioned that the agreement with AquaEasy will help enhance features and proliferation of AquaEasy' s artificial intelligence (AI) and Internet of Things (IoT) solutions and services.
The 2 companies have entered into a 5-year memorandum of understanding for collaboration on Monday.
" With AquaEasy, our aquaculture processes can achieve higher productivity and profitability with its revolutionary intelligent feeding systems using IoT technology," said Qian Hu' s chief executive officer Yap Kok Cheng.
" This partnership will enhance the capability of the growing Asia' s aquaculture industry with cutting edge AI and IoT-technologies, transforming a traditional aquaculture industry into one that is smart, predictable and sustainable," he added.
Both companies have been collaborating since 2020 to build a sustainable shrimp farming system at its farm in Choa Chu Kang by using real-time data analysis on water quality, feeding optimisation and harvest predictions, as well as Qian Hu' s proprietary Hydropure filtration system to boost water quality.
Qian Hu also sees more strategic collaborations with AquaEasy in the pipeline as they collaborate in the development of solutions in new market areas such as research and development, commercial go-to market and development and platform, the statement added.
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Octavia
Supreme |
16-Apr-2014 11:17
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Qian Hu Q1 net profit surges 86% CONTINUED recovery in dragon fish revenue boosted ornamental fish seller Qian Hu' s results for its first quarter ended March 31, 2014. Net profit was up 86 per cent at S$115,000 from a year ago. Revenue was up 2.4 per cent at S$20.7 million. Qian Hu was hit by an oversupply of the mass market variety of the auspicious dragon fish in 2012. Since the first half of 2013, prices have stabilised, the company said. It managed to sell more dragon fish since the second half of 2013 mainly to North-east Asia, especially China. 
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skyletacer
Member |
16-Dec-2013 10:05
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QianHu seems like a underdog. With your current price it looks pretty attractive! Let's revive this thread!!! | ||
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