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UGHealthcare share worth keeping? Post Reply Rate topic
soeteono Senior	05-Dec-2022 11:57        soeteono About Contact  Quote this Post!
x 0   x 0  Alert Admin	It should be upgraded to main board soon
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Richardlai Master	05-Dec-2022 11:46        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think I will pick up some at 18.6 cents, share is still stuck at 19.5 cents it seems. Buying just for trading only.
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ETHunter Master	03-Dec-2022 04:43        ETHunter About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Breakout will come after long accumulation completed. EGM on 8th.. Dyod n Cheers.
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Richardlai Master	02-Dec-2022 09:19        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ha ha, what I bought back is what I sold earlier. If buying is strong I follow ... just go with the flow. Anyway my investment is less than $10k on this counter.  jacky80      ( Date: 01-Dec-2022 15:15) Posted: U really hard-core UG Healthcare fan. Richardlai      ( Date: 01-Dec-2022 14:41) Posted: Price is now dropping again. Will wait to pick up some below 18 cents. Last round I got some around 17 cents.
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ETHunter Master	01-Dec-2022 16:20        ETHunter About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	UG is forward looking in their biz. Other glove companies doing oem but they sell gloves direct. Others expand capacities but they diversified to retirement and healthcare. Nav 37c. Analysts can fly kites. Cheers.... grateful      ( Date: 29-Nov-2022 21:33) Posted: glove business is very competitive and operating cost in manufacturing is getting higher  ASP getting lower and cost getting higher -- like candle burning on both ends.  active retirement homes and healthcare and wellness business is still in the healthcare sector -- ageing population is the trend lucky they intend to invest in this new business than expand production capacity  why would analysts worrry? don' t know how to value the company because of new business?  Read the Circular - market value of the land asset is higher than the amount to be invested.  If build buildings on the land, should have a higher market value right?    Richardlai      ( Date: 29-Nov-2022 15:41) Posted: Diversification into something that is related to the present glove business is fine but getting into something totally unrelated is something which analysts will worry . Fortunately money presently invested in it is relatively small but it has the possibility of getting bigger later
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jacky80 Senior	01-Dec-2022 15:15        jacky80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	U really hard-core UG Healthcare fan. Richardlai      ( Date: 01-Dec-2022 14:41) Posted: Price is now dropping again. Will wait to pick up some below 18 cents. Last round I got some around 17 cents.
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Richardlai Master	01-Dec-2022 14:41        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Price is now dropping again. Will wait to pick up some below 18 cents. Last round I got some around 17 cents.
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grateful Senior	29-Nov-2022 21:33        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	glove business is very competitive and operating cost in manufacturing is getting higher  ASP getting lower and cost getting higher -- like candle burning on both ends.  active retirement homes and healthcare and wellness business is still in the healthcare sector -- ageing population is the trend lucky they intend to invest in this new business than expand production capacity  why would analysts worrry? don' t know how to value the company because of new business?  Read the Circular - market value of the land asset is higher than the amount to be invested.  If build buildings on the land, should have a higher market value right?    Richardlai      ( Date: 29-Nov-2022 15:41) Posted: Diversification into something that is related to the present glove business is fine but getting into something totally unrelated is something which analysts will worry . Fortunately money presently invested in it is relatively small but it has the possibility of getting bigger later. ETHunter      ( Date: 29-Nov-2022 09:27) Posted: EGM cfm on 8th Dec 10am. Good to attend to know their diversification plan. Once successful, can scale up and spin off. Mgtm is good to make it hapoen imo. Dyodd.
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Richardlai Master	29-Nov-2022 15:41        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Diversification into something that is related to the present glove business is fine but getting into something totally unrelated is something which analysts will worry . Fortunately money presently invested in it is relatively small but it has the possibility of getting bigger later. ETHunter      ( Date: 29-Nov-2022 09:27) Posted: EGM cfm on 8th Dec 10am. Good to attend to know their diversification plan. Once successful, can scale up and spin off. Mgtm is good to make it hapoen imo. Dyodd.
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Richardlai Master	29-Nov-2022 09:33        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Presently this is the worst performing glove stock unfortunately. I have reduced my holding too. Will wait for it to " wake up" before buying back.
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ETHunter Master	29-Nov-2022 09:27        ETHunter About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	EGM cfm on 8th Dec 10am. Good to attend to know their diversification plan. Once successful, can scale up and spin off. Mgtm is good to make it hapoen imo. Dyodd.
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Richardlai Master	25-Nov-2022 15:43        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sadly the share has been quite badly battered .....and valued at two third of the Net Assets. It would make sense to close the gap.
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grateful Senior	25-Nov-2022 13:10        grateful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once Company does share buyback means no growth for the Company, resources have no better use. The management said during the AGM.  Richardlai      ( Date: 17-Nov-2022 15:50) Posted: Once the Company starts buying its own shares , we should follow too. For the time being I doubt there will be any action to push it up unless some investors decide to take a stake. The share is undervalued yes. Guess we can collect it on dips. Fortunately it has increased its dividend, thanks to Management. DYODD
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Richardlai Master	17-Nov-2022 15:50        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Once the Company starts buying its own shares , we should follow too. For the time being I doubt there will be any action to push it up unless some investors decide to take a stake. The share is undervalued yes. Guess we can collect it on dips. Fortunately it has increased its dividend, thanks to Management. DYODD
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Richardlai Master	16-Nov-2022 16:32        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for the update Longtermer !
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chiachiawee Elite	16-Nov-2022 16:11        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like the CEO has a firm plan in his hand as to when to execute which strategy correctly. Yes, SBB is a double edge sword. As illustrated by most gloves companies after tons of SBB, the price continues to decline, erasing all the values and shareholders' confidence. Well done UG. Keep going on the solid path and stand at the top of the league, perhaps in a league of your own. cheers.
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Longtermer Elite	16-Nov-2022 15:56        Longtermer About Contact  Quote this Post! Style: Flexible   Yells: "A disciplined investor is a wealthy investor"
x 1   x 0  Alert Admin	UG HEALTHCARE CORPORATION LIMITED - Notes to the Minutes of the AGM held on 28 October 2022 ORDINARY RESOLUTION 1 &ndash DIRECTORS&rsquo STATEMENTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022 AND AUDITORS&rsquo REPORT Question 1 A shareholder commented that the Company had a strong balance sheet and sought clarity on how the Company ensured the best return of funds given the rising interest rate environment. Mr Lee Jun Yih replied that at the moment, all excess funds which were not used for working capital had been placed in fixed deposit accounts mainly denominated in Singapore Dollars (&ldquo SGD&rdquo ), United States Dollar (&ldquo USD&rdquo ) and Renminbi (&ldquo RMB&rdquo ). The interest rate was 3-4% for SGD, over 4% for USD, and approximately 3% for RMB. The Company has not invested in debt/equity securities. Question 2 Another shareholder thanked the management for the presentation. He raised a concern regarding the Company&rsquo s strategy of investing in Malaysia&rsquo s property market due to potential political and exchange rate risks. He made comparisons with development projects such as Forest City and Iskandar. He commented that the Forest City project which was developed by a China developer might not be successful due to a change in government policy and the Company must exercise caution on such investments. Mr Lee Jun Yih thanked the shareholder for the comments. He informed that the main selling point of the proposed diversification (the &ldquo Project&rdquo ) was different from the Forest City and Iskandar projects because of its strategic location: a. Beach front and b. Near to Desaru Ferry Terminal, direct ferry to & from Johor / Singapore with 90 mins of traveling time Given the strategic and enhanced close proximate location, the Company believed that the land location was attractive. The next step would be to ensure the execution of the Project would be in good order in terms of construction cost, target market, price and products. The Company will work with a strategic partner who is experienced in the property development business and familiar with the rules and business network needed for such project. The Company will also own a significant stake in the project and believe that it could ride on and enhance its business network with the strategic partner. The upfront investment is approximately RM33 million but will be repaid to the Company before the distribution of profits for the project. The upfront investment only represents about 10% of the cash and cash equivalents of the Group, providing a relatively easy entry point considering the attractiveness of the location. In the next 12 months, the Company will make project update announcements via SGXNet as and when there are material developments. Question 3 A shareholder asked for the targeted return on investment of the proposed diversification. Mr Lee Jun Yih replied that the Company is unable to share such information at this juncture but expects that the return for the proposed diversification to be higher than the return from its core glove business in the next 3 to 5 years. Due to a global oversupply of gloves and economic slowdown, the business environment for its core glove business continues to be challenging. It is therefore important for the Company to explore new businesses to enhance its return on equity. ORDINARY RESOLUTION 2 &ndash DECLARATION OF SPECIAL DIVIDEND ORDINARY RESOLUTION 3 &ndash DECLARATION OF FINAL DIVIDEND Question 1 A shareholder commented that the quantum of the special and final dividend payouts was the same and asked why the Company had not combine the two dividends. He also raised a concern on the distribution of scrip dividend. Mr Lee Jun Yih clarified that there is no scrip dividend declared this year. Rather, both special and final dividends relate to cash dividends. Hence, there is no dilution of shares. He further clarified that the final dividend amount was in line with the Group&rsquo s financials while the special dividend was to reward shareholders in addition to the final dividend, providing some value to the shareholders. ORDINARY RESOLUTION 10 &ndash PROPOSED RENEWAL OF THE SHARE BUY-BACK MANDATE Question 1 A Shareholder asked about the rationale for the proposed renewal of the share buy-back (&ldquo SBB&rdquo ) mandate. Mr Lee Jun Yih replied that in the event the Company choose to do a SBB, it would have a mandate to do so, depending on the need and best utilisation of the Company&rsquo s cash resources. If there is no future growth and future use of the Company&rsquo s cash for its current business or new business, the Company may choose to exercise SBB. As long as there are viable business plans which could generate better returns for the shareholders, embarking on a SBB would not be the top priority for the Board. Question 2 The same Shareholder further commented that given the Company&rsquo s share price was trading 50% below the Net Asset Value (&ldquo NAV&rdquo ), and for the Company to consider deploying some cash for SBB to build the confidence of shareholders. Mr Lee Jun Yih informed that depending on the direction of the gloves industry and having observed its industry peers, a SBB may build confidence for investors but only for a short period of time as share price still faced subsequent declines. With the new business plan and new project update announcements for the next 12 months, the Company is optimistic that it would regain confidence and the share price will eventually reflect the value of the Company. The Company believed that there are other better ways for cash utilisation and embarking on a SBB might not be the best option now. To reward the shareholders, the Company has proposed a higher total dividend this year as compared to the past two years. Nonetheless, the Company will continue to monitor whether to embark a SBB in the next 12 months. Mr Lee Jun Yih reiterated that the Company would consider embarking on SBB only if the Group&rsquo s business is stagnating and there is no more usage for cash. For now, with the current global economic situation, the Company is conserving cash for future business expansion. DYODD.
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Richardlai Master	16-Nov-2022 15:25        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	SG Investor mentioned ex date is 17 Nov 2022. Which is tomorrow !
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soeteono Senior	16-Nov-2022 14:00        soeteono About Contact  Quote this Post!
x 0   x 0  Alert Admin	X date is always before record date grateful      ( Date: 16-Nov-2022 11:54) Posted: the record date is 18 Nov... so I think ex-Div date is Monday 21 Nov.  Richardlai      ( Date: 16-Nov-2022 11:14) Posted: So today is last day to buy cum div.
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chiachiawee Elite	16-Nov-2022 13:51        chiachiawee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exd is tomorrow. It?s already announced. Cheers.
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