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singapore o&g
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Joelton
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19-Mar-2021 09:29
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Singapore O& G in JV to open postpartum confinement centre in Johor
SINGAPORE O& G is establishing a postpartum confinement centre in Johor under a newly-formed venture, in which it will pump in RM1.96 million (S$640,000) for a 49 per cent stake and two board seats.
The Catalist-listed firm stated in a regulatory filing on Thursday that it had entered into a joint venture agreement earlier in the day with LYC Mother & Child Centre to incorporate a special purpose vehicle to set up a postpartum confinement centre with up to 130 beds in Johor.
The confinement facility is expected to be near the Singapore-Malaysia border to serve residents from both nations, and more such centres could be established in Malaysia under the agreement.
Its Malaysian partner will utilise its expertise in establishing and running the day-to-day business of the confinement centre while Singapore O& G will leverage its healthcare experience particularly in obstetrics and gynaecology and paediatrics, to provide advice on the operations and regulatory matters, Singapore O& G added.
The venture is not expected to change the risk profile of the group, nor have any material impact on the net tangible assets and earnings per share of the group for the financial year to December.
Proceeds from its initial public offering in 2015 will be used to fund this venture.
A unit of LYC that is listed on Bursa Malaysia, LYC Mother & Child Centre will take a 51 per cent stake and three board seats in the RM 4 million venture.
The company has been offering postpartum confinement care services since 2018, and operates three confinement centres in Klang Valley, Malaysia with a total capacity of 122 beds in Taman Tun Dr Ismail, Puchong and Bukit Jalil.
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Angwk7118
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19-Oct-2020 16:17
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Hi have anyone receive the latest dividend payout? Still yet to receive since it mentioned payout date 1st September. Tks | ||
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SmallSmall
Supreme |
25-Jun-2020 09:23
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Lokks good from all front. Share buy backs. Techncial charts looks good to trigger buy for chartists. Buy some for small plays. |
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johnng
Supreme |
24-Jun-2020 11:39
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CHIONG LOR!!! | ||
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JY0064
Senior |
24-Jun-2020 11:39
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You again ?!
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johnng
Supreme |
24-Jun-2020 11:35
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SHOULD BREAKOUT TODAY!! | ||
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ytthong1951
Member |
30-Jan-2020 10:13
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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smg has shot up to 39.5c, with sog only at 31.5c. If you' re going for yield, sog is definitely a better bet. Its fcf at the 9mth mark is relatively unencumbered whereas you cannot say the same for the first. It has paid an interim of .62c, somewhere between .61c in ' 17 & .8c in' 18. So, I expect it to pay a final of 0.9c this coming report, somewhere between ' 17 & ' 18 as per the interim. It can easily do so from its fcf of about 7.9m. wyeo. |
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ytthong1951
Member |
20-Jan-2020 10:54
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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SOG has a new ceo, Eric choo, a chartered accountant with 10 yrs in the healthcare sector. He was involved in Sog' s IPO in 2015 & formerly worked closely with the board & management in setting goals & formalising strategies. wyeo |
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ytthong1951
Member |
10-Jan-2020 14:20
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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Here, the Board is upbeat. ' The Board ...... expects the Group to continue growing its rev. & operational profits in the next reporting period & the next 12months, notwithstanding the expected gestation losses of new clinics.' Not just the Dec. q. but 2020 too ! wyeo. |
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ytthong1951
Member |
10-Jan-2020 14:07
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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The ceo, a general practioner runs the adminstration. This role can easily be done by the executive chairman or a non-practioner. The issue is if the increased rev. at the 9-mth mark can outrun the gestation cost of the new or recent acquisitions to bring in additional profits & increased cash-flow. This is the crux of the issue .... your dividend too. wyeo. |
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Know-Your-Stuff
Senior |
10-Jan-2020 12:24
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A CEO oversee the entire group operation and know every good and bad inside out. If he is in his 60s, probably retiring and no big alarm. He is only 44 YO. | ||
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ytthong1951
Member |
06-Jan-2020 12:39
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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The rev. has not dropped but increased while the net profit' s drop is because of a one-time gain in ' 18. The ceo, a general practitioner is not running the outfit of medical specialists,but an adminstrator. So, it is not crucial to the outfit as in a typical business co.where the ceo plays a very important role. wyeo. |
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Know-Your-Stuff
Senior |
04-Jan-2020 20:16
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CEO resign in slightly more than a year is not something to ignore. There may be underlying problems despite whatever we see in the surface. Revenue and profit drop may be the tip of the icebergs. DYDD. | ||
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ytthong1951
Member |
20-Dec-2019 09:47
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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At the 9-mth mark, the increase in rev. fr the new paediatric clinics was 2.5m., the cancer-related segment 0.7m, O& G 0.4m offset by Dermatology of 0.4m. But I noticed this increase in rev. is almost eaten away by the increase in staff costs etc. I guess the Board called this gestation losses for the latter. But the Board is upbeat nonetheless as quoted in the 2nd line below in growing their operational profits. They ' ve already paid 0.62c for the Jun q. I expect them to pay .8 or .9c for this coming Dec q. as their net operational cashfl. is constant & steady with little to encumber it except the dividends. wyeo. |
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ytthong1951
Member |
19-Dec-2019 08:54
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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The net cash generated from operations is $10+m every yr fr. ' 16 to' 18 & each yr sog pays dividend fr. this cash flow. At the 9-month mark, this same cashflow is $9.66m. Would it not generate the same for ' 19 & the next 12 months? Listen to what the Board says: ' The Board expects the group to continue growing its rev. & operational profit the next reporting period & the next 12 months, notwithstanding the expected gestation losses of new clinics.' The Board is upbeat & rather confident abt. its cashflow & I wd say fr. wh. it pays its dividends in ' 20 for the Dec & Jun qs. wyeo. |
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ytthong1951
Member |
13-Dec-2019 09:36
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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The trailing pe of smg is 10.5. That of sog 13.6. Lower pe does not translate to better buy for it can mean that the market is valuing it lower, perhaps bec. it is unable to generate fcf to pay dividend. Singapre market values dividend & its yield. So after every Dec. the market tends to rally because it is dividend payment time. Frankly, until now I' m not able to understand why sog has fallen fr. 40c or more some mths ago. It is able to generate steady net profits & likely dividend payment. My below article that at the 9mth mark, its net profit is 3% lower than ' 18 is not so bec. I picked 1.1m instead of 1.3m fr. one-time gain fr. a legal win. The 9-mth net profit sh. be about the same, not 3% lower. wyeo. |
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ytthong1951
Member |
12-Dec-2019 08:22
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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Now, we use ratios to see whether smg or sog is more efficient & productive in their acquisitions. smg pays 5.2x(126.7m divided by 24.1) more money in goodwill than sog to generate 2.9x(85.07m divided by 29m) more in rev. & 1.7x(12.9m divided by 7.7m) more in net profits. At the 9-month mark, you paid 5.2x more in goodwill to generate only 1.7x more in net profits. So, who is more efficient & productive in acquisitions? You judge. wyeo. |
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ytthong1951
Member |
11-Dec-2019 16:44
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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sog & smg are trading almost neck-to-neck with the latter at a slightly higher price. Both bec of gestation costs both ' ve their increase in rev. fr. acquisitions eaten almost away by the first. Both ' ve +ve net operational costs, but smg incurred acquisitions cost that ate away its net cash, but the first did not & so able to pay dividends fr. this net cash. The goodwill of smg comes up to 126.7m with the other at 24.1m. If you minus these away fr. their nav, the first is worth only 2.9c/sh, the other at 9.5c. At the latest 9mth mark, the net profit margin of sog is almost double that of smg. wyeo. |
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ytthong1951
Member |
11-Dec-2019 10:19
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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Perhaps it is bec. of the 15% drop in net profit at the 9mth mark. If you take away the ' 18 one-time gain fr a legal dispute, the drop is a mere 3+%, insignificant when you consider that the end-cash has gone up to 22.1m from 18.09m, without any bank borrowing. This is due mainly to its new paediatrics' contributions. It is likely to continue paying dividends for the coming q., perhaps a bit lower because it is on the prowl for more specialist healthcare clinics wh. are lucrative. It is trading at abt. the same price as smg but has none of its encumbrances bec. of the latter regional expansion. wyeo |
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ytthong1951
Member |
26-Nov-2019 17:16
Yells: "It 'll be about 2mths 23 days befor Oue reports its 4q'18. I" |
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Not sure why some are dumping the stock when the figures look alright. Steady quarterly profit & cashflow. There is the resignation of the CEO, a general practitioner which I do not think affects the running of the outfit run by specialists. Then there is the near zero profit in the 4q last yr. But this then is because the quarterly profit is used to write down the goodwill paid to acquire new businesses. This, then is a non-cash item not affecting the cashflow & the ability to pay dividend. Let' s say the dividend goes down to 1.4 cts next year. At 28.5c, the yield is 4.9%. Writing fr. memory after quickly running through the accts. wyeo. |
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