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Chansenghoe1971 Elite	08-Nov-2023 14:56        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I do not disagree with your views. From analysts or insti pov, they always wish to have a plain vanilla business model. Look at Yzj sb, they spin off fh due to this issue. Popular had a problem with the brick and mortar book and then they whacked in property. How about this chasen? Logistics plus a series of mixtures of business condiments such as engineering. The latters are basically trading way below nav. My views. Not always right but not always wrong. grateful      ( Date: 08-Nov-2023 14:20) Posted: Don' t think UG has a problem, it is just people of different views and chose not to appreciate the business strategies the mgmt has taken, and the OBM business foundation they have built.  Being frugal is good especially when we are aware of the global uncertainties and hard times ahead. Did not declare dividends when it made losses in FY2023. If they declared dividends, the family who is the majority shareholder will benefit most. Did not waste money to do share buybacks to support share price - please look at TG' s cash position now after the massive share buybacks in the past few years.    Insti is unlikely to look at PPE industry as the current situation of lower raw materials cost, stabilised ASP and demand will only flow through maybe in another three to six months time. Example Harta reported profit in Q2, but 1H still in losses. But the news created trading opportunity.    Chansenghoe1971      ( Date: 08-Nov-2023 13:21) Posted: A few problems of UG which may make insti procrastinates: 1) Confusing Business Model (Ppe or Old age home?) the latter is not proven yet. 2) Company has always been frugal in dividends declaration and buy backs. This may explain why this has not run up when other ppe have gone ahead. No insti is keen in a salad business model
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grateful Senior	08-Nov-2023 14:20        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Don' t think UG has a problem, it is just people of different views and chose not to appreciate the business strategies the mgmt has taken, and the OBM business foundation they have built.  Being frugal is good especially when we are aware of the global uncertainties and hard times ahead. Did not declare dividends when it made losses in FY2023. If they declared dividends, the family who is the majority shareholder will benefit most. Did not waste money to do share buybacks to support share price - please look at TG' s cash position now after the massive share buybacks in the past few years.    Insti is unlikely to look at PPE industry as the current situation of lower raw materials cost, stabilised ASP and demand will only flow through maybe in another three to six months time. Example Harta reported profit in Q2, but 1H still in losses. But the news created trading opportunity.    Chansenghoe1971      ( Date: 08-Nov-2023 13:21) Posted: A few problems of UG which may make insti procrastinates: 1) Confusing Business Model (Ppe or Old age home?) the latter is not proven yet. 2) Company has always been frugal in dividends declaration and buy backs. This may explain why this has not run up when other ppe have gone ahead. No insti is keen in a salad business model
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Chansenghoe1971 Elite	08-Nov-2023 13:21        Chansenghoe1971 About Contact  Quote this Post!
x 0   x 0  Alert Admin	A few problems of UG which may make insti procrastinates: 1) Confusing Business Model (Ppe or Old age home?) the latter is not proven yet. 2) Company has always been frugal in dividends declaration and buy backs. This may explain why this has not run up when other ppe have gone ahead. No insti is keen in a salad business model
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eddyeddy Master	08-Nov-2023 09:45        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Glove counters in BURSA Malaysia all running up a lot now.
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eddyeddy Master	08-Nov-2023 07:31        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Riverstone confirmed raw materials prices are going down also. This is advantage to glove makers. Most glove makers are trading at a premium except UGH of which NTA is at SD0.28 .
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tonytony Veteran	07-Nov-2023 19:53        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks grateful ! So the finance director is optimistic in the biz of UGH going forward . grateful      ( Date: 07-Nov-2023 19:14) Posted: Sorry I did not recall the Finance Director said that FY2024 could see small losses only or may even breakeven. Can wait for the AGM minutes to be published on SGX.  But the Finance Director did say that the situation has stabilised. The ASP of disposable gloves had stabilsed and they will be commissioning the third manufacturing facility which is more efficient.  Also, heard that their new reusable gloves contributed 5% of the revenue in FY2023, and they continue to have the flexibility to outsource their orders to glove manufacturers who can produce more cost effectively in their proprietary brand. Guess these are pointing to improvement in the results.  Hartalega returns to the black in 2Q after three quarters of losses > > > hopefully, more glove companies will return to the black.  tonytony      ( Date: 04-Nov-2023 09:58) Posted: Hello grateful, one friend who is more than 75 yos , has some hearing difficulty attended the AGM , he said ( he was not too sure ) that the CFO said FY2024 could see small losses only, or may even break even ,. Did the CFO say that ? Thanks for your clarification .
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grateful Senior	07-Nov-2023 19:14        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry I did not recall the Finance Director said that FY2024 could see small losses only or may even breakeven. Can wait for the AGM minutes to be published on SGX.  But the Finance Director did say that the situation has stabilised. The ASP of disposable gloves had stabilsed and they will be commissioning the third manufacturing facility which is more efficient.  Also, heard that their new reusable gloves contributed 5% of the revenue in FY2023, and they continue to have the flexibility to outsource their orders to glove manufacturers who can produce more cost effectively in their proprietary brand. Guess these are pointing to improvement in the results.  Hartalega returns to the black in 2Q after three quarters of losses > > > hopefully, more glove companies will return to the black.  tonytony      ( Date: 04-Nov-2023 09:58) Posted: Hello grateful, one friend who is more than 75 yos , has some hearing difficulty attended the AGM , he said ( he was not too sure ) that the CFO said FY2024 could see small losses only, or may even break even ,. Did the CFO say that ? Thanks for your clarification .
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eddyeddy Master	07-Nov-2023 19:11        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Most glove makers trade at premium of NTA , but NTA of UGH is S$0.29 but share price only 0.099/ 0.1 . Net cash 9f 60m .
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eddyeddy Master	07-Nov-2023 16:23        eddyeddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Harta announced a turn around today , made profit in last Q profit . The worst is over for glove makers .
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tonytony Veteran	04-Nov-2023 09:58        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello grateful, one friend who is more than 75 yos , has some hearing difficulty attended the AGM , he said ( he was not too sure ) that the CFO said FY2024 could see small losses only, or may even break even ,. Did the CFO say that ? Thanks for your clarification .
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tonytony Veteran	03-Nov-2023 05:13        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not for trading but for investment. TraderBen      ( Date: 02-Nov-2023 21:55) Posted: Forget about healthcare stocks until the next pandemic guys.. it?s gonna get lower and lower and stays there for a few years tonytony      ( Date: 02-Nov-2023 21:15) Posted: --- Post Removed by User ---
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TraderBen Supreme	02-Nov-2023 21:55        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Forget about healthcare stocks until the next pandemic guys.. it?s gonna get lower and lower and stays there for a few years tonytony      ( Date: 02-Nov-2023 21:15) Posted: --- Post Removed by User ---
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grateful Senior	02-Nov-2023 13:45        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, the mgmt said that the project is progressing well and they will make announcement on it. For property development projects usually take some time to get approvals from authorities before they can start construction.  Desaru is accessible from Singapore by ferry or driving, can pop by to see for ourselves.    tonytony      ( Date: 02-Nov-2023 13:13) Posted: --- Post Removed by User ---
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grateful Senior	02-Nov-2023 12:27        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, but maybe it is of a similar concept as our 99 year land sale in Singapore, where property developers purchase the land to use for a number of years, developed into shopping malls and condos. Also, those companies that purchase land from JTC and develop their factories. The companies do not own the land and yet have to develop their premises to conduct business operations.  MRL could be viewed similarly, do let me know if I am incorrect.  Also, the investment amount from UG to lend to the consortium to purchase such a big area with seafront view is a bit too low, if it is freehold. Don' t you think so? We should wait for their development plans and find out what is the potential returns on the project.    tonytony      ( Date: 01-Nov-2023 18:14) Posted: --- Post Removed by User ---
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grateful Senior	01-Nov-2023 12:43        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Management mentioned that concerns on the MRL have been legally addressed at the recent AGM.  You can also read about the MRL on page 12 of the Cirular that they announced on 23 November 2022. The management has proven to be very careful with their investments and cash resources all these years. Don' t think they will go into projects recklessly. The mgmt said the project is progressing well and will provide updates when appropriate. Guess we have to be patient tonytony      ( Date: 31-Oct-2023 17:56) Posted: --- Post Removed by User ---
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grateful Senior	31-Oct-2023 14:06        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	The glove industry is undergoing tremendous adjustments after the supernormal profits during the pandemic years, but UG' s mgmt has been very prudent and cautious. Never go into aggressive expansion during the last few years, so hopefully recover faster and better than the other glove players who built new big factories and capex. Share price is depressed below NAV and cash value per share, may be a good time to accumulate and keep for better days ahead. At least they started to diversify business early and may see returns from the active retirement homes project in the next few years in addition to the glove business.    Refer to the annual report page on Financial Highlights: UG Healthcare recorded a total profit of S$168.96 million from FY2020 to FY2022, less off the loss in FY23 of S$20.73 million, they still made S$143.23 million net profit from FY2020 to FY2023. Their net profit in FY2019 before Covid was S$2.5 million only. They are still in strong net cash position.  just sharing my thoughts, do your own dd   marco69      ( Date: 31-Oct-2023 13:30) Posted: For a lost making company it about right ba. ETHunter      ( Date: 06-Oct-2023 11:24) Posted: AGM soon. Those who attending can ask mgtm. Trading at 9.5c is a third of NAV and market cap below cash on hand now, Wow... Dyodd
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marco69 Senior	31-Oct-2023 13:30        marco69 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For a lost making company it about right ba. ETHunter      ( Date: 06-Oct-2023 11:24) Posted: AGM soon. Those who attending can ask mgtm. Trading at 9.5c is a third of NAV and market cap below cash on hand now, Wow... Dyodd
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Sgvale Supreme	07-Oct-2023 14:17        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	0.065 then consider
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ETHunter Master	06-Oct-2023 11:24        ETHunter About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	AGM soon. Those who attending can ask mgtm. Trading at 9.5c is a third of NAV and market cap below cash on hand now, Wow... Dyodd
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tonytony Veteran	23-Sep-2023 13:07        tonytony About Contact  Quote this Post!
x 0   x 0  Alert Admin	YTL group bought many big pieces of land in Johor , guess they know this before announcement .
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