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UG Healthcare Corporation
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Feverfire
Veteran |
28-Oct-2016 00:44
Yells: "Make money work for you" |
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why dont want generate passive income on dividends? somemore sell a huge chuck at a discount.. financials seems ok.. unless some insider new public dont know?
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AttasBoss
Elite |
27-Oct-2016 23:48
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Ceo just retire want take cpf balik kampong
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Feverfire
Veteran |
27-Oct-2016 17:55
Yells: "Make money work for you" |
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ssh dump 16mil shares @ 0.26? whats up |
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AttasBoss
Elite |
27-Oct-2016 11:21
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33,100 lots @ 0.26 married deal!!
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lotv2008
Member |
27-Oct-2016 11:03
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sudden surge of volume. Everyone chiong for Ex-D or what ? |
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Wind22i
Supreme |
31-Aug-2016 19:09
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Ug is dead..i think bottom line boosted by fx..otherwise its a dead duck | ||||
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smallcapper999
Senior |
31-Aug-2016 13:57
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Thanks man. I will dig deeper into their financial results before thinking of putting my money on the line
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n3wbie
Elite |
31-Aug-2016 13:50
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if you dive deeper into the financial results, you would notice the following: 1) turned into net debt position of S$4.8m 2) negative operating CF 3) increasing inventory levels (probably due to their subsidiary distributors holding inventory) 4) net profit increase yoy was due to a S$1.7m FX fluctuation well...the above are but some of my personal observations so I may be wrong but other glove manufacturers have better operating metrics.
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smallcapper999
Senior |
31-Aug-2016 13:14
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Have been think of buying this stock cos of the good Q2 results. Just wondering why its stock price keep going down these few days. Is there anything that I am missing out? |
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n3wbie
Elite |
31-Aug-2016 12:47
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actually, it would be good for all glove manufacturers but the overall competition remains stiff so the cost savings might need to be passed on fully to customers. seems like the case for all the other peers such as Riverstone and even larger competitors like Top Glove, Hartalega, Kossan and Supermax.
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lotv2008
Member |
30-Aug-2016 11:21
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With the lower cost in RM and rosy outlook for USD ( in view of the rate hike) which eventually translate into higer profit, should this not paint a better picture for the company ? |
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seyfert29
Member |
01-Jun-2016 10:15
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What is going on with this stock?! |
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johnng
Supreme |
29-Mar-2016 14:39
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good not today? |
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sunview
Veteran |
17-Mar-2016 09:51
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Thanks to the proposed secondary listing of Top Glove, UG Healthcare is up another 8.8% to $0.37 in early morning. Riverstone is also up 2 cents to $1.015. Just for info, Top Glove announced its 2Q net profit surges 86.6% to RM104.61m. It added it is also aggressively pursuing M & A opportunitues that synergise with its current business, in similiar or related industries. This may have stretched the imagination of some investors.
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Ray12888
Veteran |
16-Mar-2016 19:24
Yells: "MoneyInTheChart com / blog" |
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Starting to run again after all these good news. |
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sunview
Veteran |
16-Mar-2016 15:01
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Maybank Kim Eng positive on Singapore Glove sector Top Glove, the world' s largest glovemaker by production volume and second by market cap, is planning a secondary listing in Singapore. The proposed listing has neutral impact on Top Glove but could bring excitement to Singapore, according to the brokerage. It is positive for SGX-listed glovemakers. Maintain BUY calls on Riverstone and UG Healthcare with TPs of $1.18 and $0.52 respectively.
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sunview
Veteran |
16-Mar-2016 10:27
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A good breakout on the chart |
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sunview
Veteran |
16-Mar-2016 09:24
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UG Healthcare & Riverstone moving. Is it because of the proposed Top Gloves' s secondary listing in Singapore ? |
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WSJ.Shares
Veteran |
07-Mar-2016 09:17
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Accumulating :) |
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WSJ.Shares
Veteran |
07-Mar-2016 09:14
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UG HEALTHCARE POSTS 34% JUMP IN NET PROFIT FOR HY2016 Group is on track with its expansion plan to achieve production capacity of 1.9 billion gloves per annum by end June 2016 FYE 30 JUN (S$&rsquo 000) HY2015 HY2016 YoY Change Revenue 25,108 30,143 20.1% Gross Profit 5,059 7,212 42.6% Profit before tax 2,640 3,858 46.1% Net Profit attributable to shareholders 2,414 3,234 34.0% Singapore, 03 February 2016 &ndash UG Healthcare Corporation Limited (优 格 医 疗 有 限 公 司 ) together with its subsidiaries (&ldquo UG Healthcare&rdquo or the &ldquo Group&rdquo ), an established natural latex and nitrile examination gloves manufacturer and distributor, today announced that it has registered a 20.1% growth in revenue to S$30.1 million and a 34.0% increase in net profit attributable to shareholders to S$3.2 million for the half year ended 31 December 2015 (&ldquo HY2016&rdquo ). Commenting on the results, Executive Director of UG Healthcare, Mr. Lee Jun Yih said, &ldquo The Group&rsquo s effort in expanding its dual platforms &ndash manufacturing and distribution, is paying off amid an environment of intense competition. The Group will continue to leverage on its market intelligence through its international distribution platform to respond swiftly to customers&rsquo evolving needs and maintain its competitive edge.&rdquo The Group&rsquo s planned increase in its production capacity resulted in higher volume of gloves produced and sold in HY2016. Revenue was higher at S$30.1 million, but was partially offset by lower average selling price of gloves. Gross profit increased by 42.6% from S$5.1 million in the half year ended 31 December 2014, (&ldquo HY2015&rdquo ) to S$7.2 million in HY2016. Gross profit margin improved from 20.2% in HY2015 to 23.9% in HY2016 mainly attributable to the reduction in cost of raw material purchased. UG HEALTHCARE CORPORATION LIMITED (Company Registration No.: 201424579Z) Incorporated in the Republic of Singapore UG HEALTHCARE CORPORATION LIMITED Page 2 of 3 The weaker ringgit against US dollar over the financial period has also led to a surge in other income from S$0.2 million in HY2015 to S$1.0 million in HY2016. In tandem with the Group&rsquo s expansion initiatives, total operating expenses which include marketing and distribution expenses and administrative expenses, increased by 47.9% from S$2.8 million in HY2015 to S$4.1 million in HY2016. As a result of its prudent expansion plans, the Group recorded a 34.0% increase in net profit attributable to shareholders from S$2.4 million in HY2015 to S$3.2 million in HY2016. Based on the share capital of 188,023,530 shares, earnings per share increased from 1.28 SGD cents in HY2015 to 1.72 SGD cents in HY2016. Business Prospects The Group expects the macro business environment to remain challenging amid the volatility in the global business environment, coupled with fluctuations in commodity prices and currencies as well as intense competition in the gloves manufacturing industry. Mr. Lee added, &ldquo Despite the challenges, the Group will continue to roll out its expansion plan prudently and progressively to increase its production capacity, and distribution network and footprint. The Group is on track to achieve its expansion plan of 1.9 billion gloves per annum by the financial year ending 30 June 2016, and it aims to further increase its production capacity by another 400&ndash 500 million gloves per annum by the financial year ending 30 June 2017.&rdquo |
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