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UGHealthcare
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UGHealthcare share worth keeping?
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Everyday
Elite |
25-Aug-2022 18:41
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Financial results ( 36.8m net profit for FY 2022 : https://links.sgx.com/1.0.0/corporate-announcements/8AL1YG7IJ2BEU8WK/687adba8aa090053d465e35a8172c619926e9005f84057801c910ef88c5d0ca6 |
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chiachiawee
Elite |
25-Aug-2022 18:12
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WOO. 0.7 cents EPS for the last Q, making full-year EPS 5.93 cents. This is based on the existing capacity only as the new production capacity of 1.2b gloves has been delayed by the shortage of manpower and could likely be commissioned from October 2022 onwards. Declared Special Dividend of 0.0032 and Final Dividend of 0.0032. At price of 0.215, yield is around 3%.  Pretty impressive for UG as most if not all of its Malaysian peers have been experiencing huge decline in margin and incurred losses. Well done UG! |
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Edward555
Member |
23-Aug-2022 17:53
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Wait 2 more days. Good luck!
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Richardlai
Master |
23-Aug-2022 17:21
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Close of Market on Thursday 25 Aug, we expect the result. Last year was an exceptional year . Full year profit S$122 mil and half year about S$60 mil.  Yes this year, the full year could be around S$40 mil only.  More importantly, we have to see what the company' s plans are going ahead and the business outlook for its products. Hopefully they throw in a nice dividend too ! |
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Richardlai
Master |
17-Aug-2022 15:07
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Wow nice job UG. It  just has to hang on a bit longer to benefit from all the good write ups.
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Edward555
Member |
17-Aug-2022 08:18
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Agree. Co cash is about 92m at Q3. Should be more than 100m by now. Results next week will know profits and how much is div. Vested. Goodluck.  
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Longtermer
Elite |
15-Aug-2022 21:22
Yells: "A disciplined investor is a wealthy investor" |
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PUTRAJAYA - Seven Malaysian firms have been recognised under Forbes Asia&rsquo s 2022 Best Under A Billion list, which highlights 200 Asia-Pacific public companies with sales under US$1bil (RM4.46bil).
 
Last year, 11 Malaysian companies made it to the list.
 
Two companies have made the list two years in a row, namely D& O Green Technologies Berhad and ViTrox Corporation Berhad.
The other five this year are CE Technology Berhad, Greatech Technology Berhad, Kim Loong Resources Berhad, Tashin Holdings Berhad and UG Healthcare Corporation Limited.  
According to Forbes Asia, the top three Malaysian firms in terms of total sales were Kim Loong Resources (US$410mil or RM1.82bil), UG Healthcare (US$251mil or RM1.18bil) and D& O Green Technologies (US$204mil or RM909mil)..
https://www.thestar.com.my/news/nation/2022/08/10/seven-malaysian-firms-on-forbes-asia039s-best-under-a-billion-list |
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Richardlai
Master |
15-Aug-2022 12:01
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This company has excess cash not required for its operations. Might as well distribute it to the shareholders. Effect on the share price would not be significant. | ||||
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Midtermer
Master |
11-Aug-2022 19:31
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Dividend wise the boss made it clear the dividend will not be good because they are in growth phase. Their dividend policy is actually not attractive at all. Hopefully profit will be still respectable. Cheers.
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FreedomAngelz
Veteran |
11-Aug-2022 18:56
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Hopefully there' s still around S$10m profit for last quarter...and they better give better dividend too. | ||||
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Everyday
Elite |
11-Aug-2022 18:41
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NOTIFICATION ON RELEASE OF FINANCIAL RESULTS FOR THE SECOND HALF AND FULL YEAR ENDED 30 JUNE 2022 The board of Directors (the &ldquo Board&rdquo ) of UG Healthcare Corporation Limited (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to inform shareholders that the Company will be releasing its financial results for the second half and the full year ended 30 June 2022 (&ldquo 2H FY22&rdquo and &ldquo FY22&rdquo ) after the close of trading on 25 August 2022. The announcement of the financial results will be posted on the Singapore Exchange&rsquo s website (www.sgx.com) and the Company&rsquo s website (www.ughealthcarecorporation.com). The Board also wishes to inform that the Company will no longer be providing voluntary business updates on alternate quarters, as the pandemic has progressed to an endemic phase and the glove industry has returned to business as normal. Nevertheless, the Company will update shareholders on material developments as and when they arise. Shareholders keen to keep yourselves updated with the latest developments of the Company are welcome to sign up for the email alerts. By Order of the Board UG Healthcare Corporation Limited Lee Keck Keong Executive Director and CEO 11 August 2022 This announcement has been reviewed by the Company&rsquo s Sponsor, SAC Capital Private Limited (the &ldquo Sponsor&rdquo ). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms. Charmian Lim (Telephone no.: (65) 6232 3210) at 1, Robinson Road, #21-00 AIA Tower, Singapore 048542. |
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Richardlai
Master |
10-Aug-2022 11:31
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If the company' s Sales starts dropping sharply , it will be a worry. But based on its market cap of S$131 mil, I agree a steady annual profit of S$20 mil would brings its PE to 6.55 times. This should be acceptable.  | ||||
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Everyday
Elite |
09-Aug-2022 09:16
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A good company deserves a good price. Hope market players listen to the calls of investors. | ||||
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ETHunter
Master |
09-Aug-2022 08:16
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Qoq results shown almost $11m every quarter for 2022. Revenue and Ebita increasing in Q3.
TP at least 40c by year end at 6x pe.
Next year could be double. Vested.
Goodluck.
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grateful
Senior |
08-Aug-2022 14:34
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Looking at the performance of the much bigger players who reported more than 90% drop in net profit, don' t think UG' s profit can reach 42m to 45m for 2022.  BUT accumulated past 3 quarters of profit already 31.9m  looking forward to post-pandemic, if company can maintain at least S$10m profit annually... this small glove player (smallest among all the listed peers in SGP and Msia) should command a better PE. 
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Richardlai
Master |
08-Aug-2022 09:51
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Yes need plenty of patience to hold this stock ....the price has been sliding and the dividend is not high.    However, the share price is pretty below its Net Assets and supported by a high level of cash in bank. One day the share should wake up and cross 30 cents. Now we await this month for its results, hopefully it is in line with expectations. |
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sweet639
Veteran |
08-Aug-2022 09:09
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If can get 0.20 is good to keep for few months as price is in this range 0.20-0.205 for so long already.
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ETHunter
Master |
08-Aug-2022 08:10
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This year UG results will be good. Next year will be lots better.  Accumulation at this level going on for a long time. Vested.  Good luck! |
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Longtermer
Elite |
05-Aug-2022 18:08
Yells: "A disciplined investor is a wealthy investor" |
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PETALING JAYA (Aug 3): The global demand for rubber gloves is expected to return to growth in 2023, after a 19% contraction to an estimated 399 billion pieces this year, from 492 billion in 2021 when the world was at the peak of the Covid-19 pandemic. 
 
The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects glove demand to expand in the range of 12%-15% next year. Meanwhile, the association has cut its demand forecast for this year by 12% to 399 billion pieces, from 452 billion pieces previously, as the demand normalises against the backdrop that the Covid-19 pandemic is under control. ..
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Richardlai
Master |
05-Aug-2022 16:40
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So the Malaysian Rubber Gloves Association expects a 12% drop in demand in 2023 compared their earlier forecast | ||||
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