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Latest Forum Topics / Nordic    Last:0.565    -0.005  Post Reply
Nordic Group - Multibagger GEM?
Newlearner
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29-Jun-2023 14:03     
 
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 Alert Admin 		The order book in the same quarter last year was $258m, presently stood at $205m. The balloned order book mostly came from the acquisition of STARBURST, partly from the pent up demand from covid recovery. It still remain to be seen if they can continue to win new orders from STARBURST, especailly after the alleged corruption saga......

Joelton      ( Date: 28-Jun-2023 09:19) Posted:

Nordic Group reports 1QFY2023 earnings of $5.8 million, up 11% y-o-y
 
Nordic Group reported earnings of $5.8 million for 1QFY2023, up 11% y-o-y. Revenue in the same period ended March was up 15% to $46.2 million, says the company in a business update on June 27.
 
For the three months, the company, led by executive chairman Chang Yeh Hong, was able to maintain its net margins at 13%.
 
As at March 31, the company has built up an order book of $205.2 million. Out of which, orders for maintenance work, which gives better revenue stability, constituted $134.4 million, or around two-thirds of the total. The smaller proportion came from project-based orders, which are typically lumpier in nature.
 
Over the years, the company has been actively diversifying its customer base, so as to reduce industry-specific risk. It did so via a series of acquisitions.
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Joelton
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28-Jun-2023 09:19     
 
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 Alert Admin
Nordic Group reports 1QFY2023 earnings of $5.8 million, up 11% y-o-y
 
Nordic Group reported earnings of $5.8 million for 1QFY2023, up 11% y-o-y. Revenue in the same period ended March was up 15% to $46.2 million, says the company in a business update on June 27.
 
For the three months, the company, led by executive chairman Chang Yeh Hong, was able to maintain its net margins at 13%.
 
As at March 31, the company has built up an order book of $205.2 million. Out of which, orders for maintenance work, which gives better revenue stability, constituted $134.4 million, or around two-thirds of the total. The smaller proportion came from project-based orders, which are typically lumpier in nature.
 
Over the years, the company has been actively diversifying its customer base, so as to reduce industry-specific risk. It did so via a series of acquisitions.
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Newlearner
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17-Apr-2023 15:10     
 
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 Alert Admin 		Nice! Meantime, collect 0.9cts div in May!

Nippon72      ( Date: 16-Apr-2023 22:46) Posted:

Thanks focusy. This crystal clear diagram makes me sleep tight at night. Will load up more when my ammo permits. Vested both in cpf & srs.
 

focusy      ( Date: 10-Apr-2023 13:56) Posted:

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Nippon72
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16-Apr-2023 22:46     
 
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Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
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 Alert Admin 		Thanks focusy. This crystal clear diagram makes me sleep tight at night. Will load up more when my ammo permits. Vested both in cpf & srs.
 

focusy      ( Date: 10-Apr-2023 13:56) Posted:

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Newlearner
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14-Apr-2023 11:54     
 
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 Alert Admin 		AGM on 24th April,  Singapore Recreation Club
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Nippon72
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09-Apr-2023 11:51     
 
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Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
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 Alert Admin 		The phrase " skin in the game" resonates with me.

While commoner like myself does not have the financial might like them, I take comfort & sleep tight knowing our interests are aligned and I can ride on their coattails. Since they are owners and management, they know their co better.

Only buy within my own limits (a level I am prepared write-off 100% and not lose sleep over)

Will see how they realised all their contracts on hand or any hiccups?

Vested.


 

Newlearner      ( Date: 07-Apr-2023 21:09) Posted:

It is exactly they have skins in the game, hence they put company?s growth as priority..

it?s pretty prudent how the management manages the acquisitions. Market probably skeptical how a small company like Nordic grp can grow this way..

Nippon72      ( Date: 07-Apr-2023 20:14) Posted:

I bought becos of high insider/mgt ownership -> shareholders' interest aligned, or maybe privatisation sometime down the road.
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Newlearner
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09-Apr-2023 10:42     
 
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 Alert Admin 		https://www.nextinsight.net/story-archive-mainmenu-60/946-2023/15150-nordic-q-a-with-investors-after-record-2022-profit


Nordic management held a Q& A session with investors last week, excerpts of which are presented  below.  Bottomline: There are no near-term big risks faced by the company.

Instead it stands poised for a good year ahead given its record outstanding orderbook of S$233 million (as at end-2022) which is exposed to diverse industries.

Look out for the contribution of superior profit margins from Starburst which was acquired in early 2022.

Being an all-cash $59.1 million purchase -- the biggest of Nordic' s 5 M& A deals to date -- the deal didn' t expand the number of Nordic shares on issue.
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Newlearner
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07-Apr-2023 21:09     
 
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 Alert Admin 		It is exactly they have skins in the game, hence they put company?s growth as priority..

it?s pretty prudent how the management manages the acquisitions. Market probably skeptical how a small company like Nordic grp can grow this way..

Nippon72      ( Date: 07-Apr-2023 20:14) Posted:

I bought becos of high insider/mgt ownership -> shareholders' interest aligned, or maybe privatisation sometime down the road.
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Nippon72
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07-Apr-2023 20:14     
 
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Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
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 Alert Admin 		I bought becos of high insider/mgt ownership -> shareholders' interest aligned, or maybe privatisation sometime down the road.
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sengkang
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07-Apr-2023 16:34     
 
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 Alert Admin 		Insiders owns 76.22% per latest AR2022. Public owns remainder 23.78%
Top 3 SSH are Chang Yeh Hong - 54.58%, Lin Choon Hin - 11.02% and Teo Ling Ling - 8.11%.
Stock are illiquid and not for momentum or day traders.

Everyday      ( Date: 07-Apr-2023 13:23) Posted:

Financial Highlights for FY2022

  Revenue $162.8 &uarr 58%
Net profit $20.9m &uarr 50%
  EBITDA $31.6m &uarr 66%
Order book $232.5m as at 31 Dec 2022
EPS 5.3 cents &uarr 47%
NAV per share 27.5 cents &uarr 9%
GPM 28% &uarr 1 ppt
NPM 13% &darr 1 ppt
EBITDA margin 19% 

https://links.sgx.com/1.0.0/corporate-announcements/L2KW0N12MPJ4ZL23/373f6e5731b890d4dd9bb58be263222b0efe2f4005fb4c30f727766cfaa19663
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Everyday
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07-Apr-2026 11:52     
 
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 Alert Admin 		Financial Highlights for FY2022

  Revenue $162.8 &uarr 58%
Net profit $20.9m &uarr 50%
  EBITDA $31.6m &uarr 66%
Order book $232.5m as at 31 Dec 2022
EPS 5.3 cents &uarr 47%
NAV per share 27.5 cents &uarr 9%
GPM 28% &uarr 1 ppt
NPM 13% &darr 1 ppt
EBITDA margin 19% 

https://links.sgx.com/1.0.0/corporate-announcements/L2KW0N12MPJ4ZL23/373f6e5731b890d4dd9bb58be263222b0efe2f4005fb4c30f727766cfaa19663
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yau123
Senior
06-Apr-2023 09:43     
 
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 Alert Admin 		Yesterday news. But the share price wont move one! pretty pity

Joelton      ( Date: 06-Apr-2023 09:14) Posted:

Nordic secures S$22.6 million worth of contracts
 
SEVERAL divisions of Nordic Group : MR7 +2.15%have clinched contracts with a total value of about S$22.6 million with both new and repeat customers.
 
On Wednesday (Apr 5), the systems integration solutions provider said most of these customers comprise multinational companies and companies in the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security industries sectors.
 
The new contracts are not expected to have a material impact on Nordic&rsquo s consolidated net tangible assets per share and earnings per share, for its current financial year.
 
Among the group&rsquo s divisions, scaffolding and insulation secured contracts worth the most in value, with S$13.4 million worth of deals for scaffolding and insulation work. This includes an S$11.5 million contract for a three-year maintenance project for scaffolding, insulation and painting work with an existing customer in the petrochemical industry.
 
The system integration division secured about S$6.9 million of capital and ad hoc contracts. These include an electrical and instrumentation deal from the petrochemical industry worth about S$5.1 million. The contracts are due to be delivered mainly in Q2 and Q3 2024.
 
The cleanroom, air and water engineering solutions division bagged about S$1.4 million worth of ad hoc and maintenance projects which are mainly due to complete in the last quarter of 2024.
 
About S$600,000 worth of contracts were secured by the precision engineering division for machining services and mechanical assembly, largely due for completion in Q3 2023.
 
A S$300,000 ad hoc project was clinched by the specialist structural engineering services division to design, supply and deliver partition panels by Q2 2023.
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Joelton
Supreme
06-Apr-2023 09:14     
 
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 Alert Admin
Nordic secures S$22.6 million worth of contracts
 
SEVERAL divisions of Nordic Group : MR7 +2.15%have clinched contracts with a total value of about S$22.6 million with both new and repeat customers.
 
On Wednesday (Apr 5), the systems integration solutions provider said most of these customers comprise multinational companies and companies in the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security industries sectors.
 
The new contracts are not expected to have a material impact on Nordic&rsquo s consolidated net tangible assets per share and earnings per share, for its current financial year.
 
Among the group&rsquo s divisions, scaffolding and insulation secured contracts worth the most in value, with S$13.4 million worth of deals for scaffolding and insulation work. This includes an S$11.5 million contract for a three-year maintenance project for scaffolding, insulation and painting work with an existing customer in the petrochemical industry.
 
The system integration division secured about S$6.9 million of capital and ad hoc contracts. These include an electrical and instrumentation deal from the petrochemical industry worth about S$5.1 million. The contracts are due to be delivered mainly in Q2 and Q3 2024.
 
The cleanroom, air and water engineering solutions division bagged about S$1.4 million worth of ad hoc and maintenance projects which are mainly due to complete in the last quarter of 2024.
 
About S$600,000 worth of contracts were secured by the precision engineering division for machining services and mechanical assembly, largely due for completion in Q3 2023.
 
A S$300,000 ad hoc project was clinched by the specialist structural engineering services division to design, supply and deliver partition panels by Q2 2023.
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yau123
Senior
05-Apr-2023 16:31     
 
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 Alert Admin 		Order book strong and yet the share price like that! 

Newlearner      ( Date: 05-Apr-2023 16:11) Posted:

Boss read the thread ah haha!

Announced $22.6m contracts.

Corporate briefing at 3pm today! Looking for the report from insight!

yamseng      ( Date: 04-Apr-2023 12:02) Posted:

hope that they are busy with another acquisition!
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Newlearner
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05-Apr-2023 16:11     
 
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 Alert Admin 		Boss read the thread ah haha!

Announced $22.6m contracts.

Corporate briefing at 3pm today! Looking for the report from insight!

yamseng      ( Date: 04-Apr-2023 12:02) Posted:

hope that they are busy with another acquisition!!

Newlearner      ( Date: 04-Apr-2023 11:31) Posted:

April liao.... Boss no time to report contracts won and FY presentation ah.......
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yamseng
Supreme
04-Apr-2023 12:02     
 
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 Alert Admin 		hope that they are busy with another acquisition!!

Newlearner      ( Date: 04-Apr-2023 11:31) Posted:

April liao.... Boss no time to report contracts won and FY presentation ah.......
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Newlearner
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04-Apr-2023 11:31     
 
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 Alert Admin 		April liao.... Boss no time to report contracts won and FY presentation ah.......
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Newlearner
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08-Mar-2023 16:38     
 
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 Alert Admin 		Based on current price of $0.47. It' s trading at about PE9, 4.4% dividends yield

yau123      ( Date: 03-Mar-2023 10:38) Posted:

Is a good company. Hope the share price can move.

Newlearner      ( Date: 01-Mar-2023 17:23) Posted:

https://thesmartinvestor.com.sg/3-singapore-stocks-to-watch-for-in-march/
 

Nordic Group (SGX: MR7)

Nordic is a solutions provider serving the marine, oil and gas, petrochemical, semiconductor and pharmaceutical industries.

The group provides services such as vessel maintenance, repair and overhaul, precision engineering, and scaffolding and insulation services.

Nordic reported a sparkling set of results for 2022 with its revenue jumping 58% year on year to S$162.8 million, an all-time high.

Gross profit climbed 65% year on year as the group saw its gross margin improve from 27% in 2021 to 28.1% in 2022.

Net profit increased by 50% year on year to S$20.9 million.

The better performance was because of maiden contributions from Nordic&rsquo s acquisitions along with higher demand for project services in Malaysia.

Nordic also generated S$34.1 million of free cash flow in 2022, more than triple the S$9.2 million in the prior year.

In line with the good results, Nordic has declared a final dividend of S$0.00906, bringing its 2022 dividend to S$0.02068.

This level of dividend is 20% higher than 2021&rsquo s total dividend of S$0.0174.

As of 31 December 2022, the group had an order book of around S$232.5 million that will be progressively delivered over three years.



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yau123
Senior
03-Mar-2023 10:38     
 
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 Alert Admin 		Is a good company. Hope the share price can move.

Newlearner      ( Date: 01-Mar-2023 17:23) Posted:

https://thesmartinvestor.com.sg/3-singapore-stocks-to-watch-for-in-march/
 

Nordic Group (SGX: MR7)

Nordic is a solutions provider serving the marine, oil and gas, petrochemical, semiconductor and pharmaceutical industries.

The group provides services such as vessel maintenance, repair and overhaul, precision engineering, and scaffolding and insulation services.

Nordic reported a sparkling set of results for 2022 with its revenue jumping 58% year on year to S$162.8 million, an all-time high.

Gross profit climbed 65% year on year as the group saw its gross margin improve from 27% in 2021 to 28.1% in 2022.

Net profit increased by 50% year on year to S$20.9 million.

The better performance was because of maiden contributions from Nordic&rsquo s acquisitions along with higher demand for project services in Malaysia.

Nordic also generated S$34.1 million of free cash flow in 2022, more than triple the S$9.2 million in the prior year.

In line with the good results, Nordic has declared a final dividend of S$0.00906, bringing its 2022 dividend to S$0.02068.

This level of dividend is 20% higher than 2021&rsquo s total dividend of S$0.0174.

As of 31 December 2022, the group had an order book of around S$232.5 million that will be progressively delivered over three years.


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Newlearner
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01-Mar-2023 17:23     
 
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 Alert Admin 		https://thesmartinvestor.com.sg/3-singapore-stocks-to-watch-for-in-march/
 

Nordic Group (SGX: MR7)

Nordic is a solutions provider serving the marine, oil and gas, petrochemical, semiconductor and pharmaceutical industries.

The group provides services such as vessel maintenance, repair and overhaul, precision engineering, and scaffolding and insulation services.

Nordic reported a sparkling set of results for 2022 with its revenue jumping 58% year on year to S$162.8 million, an all-time high.

Gross profit climbed 65% year on year as the group saw its gross margin improve from 27% in 2021 to 28.1% in 2022.

Net profit increased by 50% year on year to S$20.9 million.

The better performance was because of maiden contributions from Nordic&rsquo s acquisitions along with higher demand for project services in Malaysia.

Nordic also generated S$34.1 million of free cash flow in 2022, more than triple the S$9.2 million in the prior year.

In line with the good results, Nordic has declared a final dividend of S$0.00906, bringing its 2022 dividend to S$0.02068.

This level of dividend is 20% higher than 2021&rsquo s total dividend of S$0.0174.

As of 31 December 2022, the group had an order book of around S$232.5 million that will be progressively delivered over three years.

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