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Just started.... Should hit 70-72 by EOD.. If swim like mermaid, will even touch 75... Dyodd,,, Huat to all whom believe early this week....Cheers
Watch this dark horse today... Hidden potential from well diversified biz.. Even electric scooter to be taking off soon...
Profitable co... PE is merely 6 times Price to book value only Half Low Debt, well diversified with Precision biz/Oil drilling.. Where to find?.. Phillips Target is ).80. Potential upside is more than 30%... BBs will soon find its way to play this soon... Like Dyna.. WATCH..
This one should be in play soon.... Tmr or today?......... Have to catch up with Kim Heng lah.........
....
Yes, tmr will be... Dont miss this out,
Ligaya ( Date: 20-Apr-2022 09:26) Posted:
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has gss just lost its plot to being an early player..?
https://www.todayonline.com/singapore/singapore-startup-ion-mobility-mobius-launch-electric-motorcycle-indonesia-1880156?cid=braze-tdy_Today-Morning-Brief_newsletter_25042022_tdy%0A%0A
https://www.todayonline.com/singapore/singapore-startup-ion-mobility-mobius-launch-electric-motorcycle-indonesia-1880156?cid=braze-tdy_Today-Morning-Brief_newsletter_25042022_tdy%0A%0A
7 series soon?
CLARIFICATION ANNOUNCEMENT IN RELATION TO BUSINESS TIMES
ARTICLE DATED 18 APRIL 2022
The Board of Directors (the ' Board' ) of GSS Energy Limited (the ' Company' ) and
together with its subsidiaries (the ' Group' ) refers to an article entitled &ldquo GSS Energy revs
up electric dreams with motorbike venture&rdquo (the ' Article' ) published in the Business Times
on 18 April 2022 in relation to the Group&rsquo s electric vehicle mobility business following an
interview with Mr Sydney Yeung, Executive Director & Chief Executive Officer of the
Company.
A copy of the Article is attached. The Company notes that the Article stated, amongst
others, that:
the Company ' is also eyeing charging infrastructure, battery recycling, white-label
products, data analytics, the Internet of Things, and more' and
' Also on the cards are charging infrastructure, battery recycling, white-label
products, data analytics, the Internet of Things, and more' .
The Company wishes to clarify that the above potential plans cited in the Article pertain
to, and are within the scope of, the New Business which the Group is proposing to expand
into, as defined and further described in Appendix B to the Notice of Annual General
Meeting dated 14 April 2022 in relation to the proposed diversification of the Group&rsquo s
business to include the electric vehicle mobility business.
they are the first company to do EV here in SG. So nothing special.
josephyeo ( Date: 18-Apr-2022 15:36) Posted:
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ceo trying another round to spin a mkt' g wonder story. recalled the wonderous rigor of why the coy has to changed its full name to have an energy part. back then analyst circus even says price at least $0.2x. 7+ years gone by and what is the roi of that o& g biz today? will this time different?...
https://www.businesstimes.com.sg/companies-markets/gss-energy-revs-up-electric-dreams-with-motorbike-venture
https://www.businesstimes.com.sg/companies-markets/gss-energy-revs-up-electric-dreams-with-motorbike-venture
GSS Energy.
Of late, the increasingly supportive government policies for EVs, especially in South-east Asia,
has also been encouraging. GSS is in " serious talks" with various government agencies
in the region to potentially supply fleets of electric two- or three-wheelers suited to their needs,
Yeung said.
Of late, the increasingly supportive government policies for EVs, especially in South-east Asia,
has also been encouraging. GSS is in " serious talks" with various government agencies
in the region to potentially supply fleets of electric two- or three-wheelers suited to their needs,
Yeung said.
GSS Energy revs up electric dreams with motorbike venture
It is also eyeing charging infrastructure, battery recycling, white-label products, data analytics, the Internet of Things, and more.
WITH its new mobility business, GSS Energy is amping up to capture the electric two-wheeler ecosystem lock, stock and barrel.
Group chief executive Sydney Yeung told The Business Times that the Catalist-listed precision engineering firm' s ambitions in the electric vehicle (EV) market extend far beyond having its motorcycles zipping around the roads of Asia.
Also on the cards are charging infrastructure, battery recycling, white-label products, data analytics, the Internet of Things, and more. To attain these goals, GSS will be riding on its early-mover advantage in the EV segment.
Its maiden electric motorcycle, the Iso UNO-X, is slated for launch in Bangkok later this year. The vehicle was certified fit for sale and roadworthy in Thailand in February. GSS is now working to obtain similar certification in other Asian markets.
Yeung emphasised that GSS did not simply jump on the bandwagon when EVs recently gathered momentum in the region.
" A lot of people asked whether we' re only doing this now because EVs have become such a hot topic in the last 12 months. But something like this (the electric-mobility venture) obviously did not just happen overnight," he said.
The launch of Iso UNO-X was the culmination of roughly 4 years' worth of work.
" It all started with a simple idea of trying to assemble two-wheelers for others," Yeung said.
But he quickly realised it would be a chicken-and-egg situation. " If we want to do assembly work, the first thing they' d ask is whether we' re experienced in assembling and manufacturing full vehicles."
The plan thus expanded to capturing the entire ecosystem in-house. That would entail extensive research and development (R& D), product design, assembly and manufacturing, as well as branding and distribution, among other things.
Roping in the right people with the required skill sets was therefore crucial. The group spent the past 4 years or so carefully building a team of specialists, engineers and designers developing the technologies that will go into the bike creating a business model and deciding how to brand the product.
Acquiring Edison Motors was a key piece of the puzzle. The S$7.5 million deal, completed on Mar 30, gives GSS access to the Thai electric-mobility specialist' s patents, design, R& D capabilities and technical support to manufacture two-wheelers.
Yeung described the process of bringing Edison Motors on board, which spanned more than 2 years, as " very prudent" . Instead of buying it over immediately, the group first engaged the Thai firm in June 2019 via a vendor-client relationship, with Edison Motors providing design, technical and engineering services to GSS' wholly-owned subsidiary Giken Mobility.
" Before we spent the money and resources (to acquire an entire company) and risked not having the right team, 1 of the milestones we set was for them to prove to us that they could successfully deliver their first design," Yeung said. And as soon as that happened, with UNO-X in November 2021, GSS proposed the acquisition.
" We were using the so-called ' grace period' of 2.5 years to make sure they' re good and to see whether there' s enough chemistry between both teams (Giken Mobility and Edison Motors) to eventually work together as one," he added.
Yeung hinted at the possibility of further inorganic growth in the future, through similar acquisitions - or " integrations" , as he prefers to call them - for the original design manufacturing (ODM) strategy and the mobility division.
" Integrating with other firms is a faster way to grow, as compared to hiring individuals one by one. It has proven to be effective in terms of the financial and practical aspects and efficiency. We will probably continue to follow this model to expand the business," he said.
The Iso UNO-X has a 5kW motor powered by a 3.24kWh battery, and offers a top speed of 115 km/h with a range of 130km per charge. Giken Mobility is the global licensee of the historic Italian automotive brand Iso, which is part of the Lamborghini family' s portfolio.
Targeting the mid-to-premium segment, the UNO-X will be priced " slightly above" mass-market levels, given that its performance specifications are a tad superior to what the region' s motorcycle riders are used to seeing in the ubiquitous " no-frills" bikes, Yeung noted.
Subsequent models will then serve the lower and higher tiers of the market. Already in the pipeline are the second to fourth models, at varying stages of development.
As a new player in the electric two-wheeler arena, GSS thought it critical to position UNO-X in the upper-middle tier " because we have to educate the market as to who we are and what kind of product we can deliver" , Yeung said.
Making its entrance with a slightly higher-performance product should give GSS more flexibility in positioning its next products. " In contrast, if we go in first with an ultra premium bike, we' ll miss out on a very big piece of the market. If we start with an extremely no-frills product, just the cheapest one out there, it will be difficult to climb up later," he said.
Besides rolling out new models of the motorcycles, GSS is also mindful of the need for charging solutions and the recycling of batteries. These come under its goal of serving the full EV ecosystem.
" One of the teams we' ve recruited specialises in the charging infrastructure. Eventually, that in itself can be another business model, whereby we also provide charging stations," Yeung said. " With that, from A to Z (of the market), we' ll capture A to Y."
Where recycling comes in is at the last mile of the EV journey, essentially the " Z" slice. The group has begun to study recycling capabilities. Yeung is optimistic that such a service, once available, may potentially also be offered to other EV or battery manufacturers.
" When we decided to create a green product, we were already conscious of the fact that we' ll have to do something about the batteries. Typically, they' re depleted after a few years, and if not recycled they will become one of the most toxic things around," he said.
GSS will need to address this issue for its electric motorcycles, albeit several years down the line. " But we have to anticipate it now, so that we are ready when the time comes. That' s our company culture we prefer to think ahead and not look for last-minute solutions."
In parallel with the business-to-consumer (B2C) selling strategy, the electric-mobility division will also go the business-to-business (B2B) and business-to-government (B2G) routes.
The B2B strategy could consist of selling its bikes to other companies, such as food-delivery or logistics firms. Creating white-label products is another potential business, in which GSS will design and manufacture custom electric motorcycles that carry the client' s own brand and logo.
Of late, the increasingly supportive government policies for EVs, especially in South-east Asia, has also been encouraging. GSS is in " serious talks" with various government agencies in the region to potentially supply fleets of electric two- or three-wheelers suited to their needs, Yeung said.
refer to emphasis of AR on approval for extension of oil and gas exploration period in Indonesia that was not received by an associate, PT Sarana GSS Trembul and updated AR21 page 115 - The Group carried out a review on the recoverable amount on the investment in an associate and concluded that no impairment loss to be made as at 31 December 2021.
in view of current oil prices they shld be aggressive on the 2024 extension and go for the jugular
in view of current oil prices they shld be aggressive on the 2024 extension and go for the jugular
Ligaya ( Date: 07-Mar-2022 13:10) Posted:
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https://www.euronews.com/next/2022/04/07/thailand-economy-investment
Thailand approves enhanced incentives to boost EV use
Thailand approves enhanced incentives to boost EV use
Recent news EGAT extending ev trials to scooter/tuk taxis to provinces
Some basic datas on GSS Energy:
1. revenue - $117.2 mil
2. profit - $5.2 mil
3. number of shares - 549.6 mil
4. nta - 11.2 cts
5. p/e - 7.9
6. cash - 15.7 mil
Notes:
The company has been profitable in the last 5 years. On current price of 6.5 cts,
it is trading on a p/e of less than 8.0 X and below its nta of 11.2 cts.
Company has just entered the electronic vehicles ( " EV" ) sector with a plant
in Batam. The plant has started production and the sales of the motor bikes will
be launched this year in Thailand.
Above are for info only.
1. revenue - $117.2 mil
2. profit - $5.2 mil
3. number of shares - 549.6 mil
4. nta - 11.2 cts
5. p/e - 7.9
6. cash - 15.7 mil
Notes:
The company has been profitable in the last 5 years. On current price of 6.5 cts,
it is trading on a p/e of less than 8.0 X and below its nta of 11.2 cts.
Company has just entered the electronic vehicles ( " EV" ) sector with a plant
in Batam. The plant has started production and the sales of the motor bikes will
be launched this year in Thailand.
Above are for info only.
| The principal activities of the GSS ENERGY are: |
| (a) manufacture and sale of microshafts and other precision parts |
| (b) assembly of mechanisms used in computers and a range of electronic products |
| (c) sale and distribution of consumer electronics and other products |
| (d) manufacture and distribution of motor bike |
| (e) investment in electronic vehicles (" EV" ) sector, market and promote EV total solution |
| including providing advisory or solution on manufacture and assemble electric bikes, |
| swapping and charging stations and software development and |
| (f) investing in oil and gas exploration through associated company. |
For info only.
| The Group continues to operate in the PE and O& G sectors. |
| In November 2021, the Company' s wholly owned subsidiary company, Giken Mobility Pte. Ltd. |
| participated in 2021 Esposizione Internazionale Delle Due Route, also known as the |
| Milan International Two-Wheel Exhibition in Italy unveiling 2-wheeler electric vehicles (" EV" ) |
| that the company intends to launch in 2022. The Group is now preparing for mass production |
| at the Group' s production facility at Batam, Indonesia and getting regulatory permits and |
| homologation in targeted territories. On 22 February 2022, the Group announced that its |
| wholly-owned subsidiary, Giken Mobility, had received homologation in Thailand for its new |
| Iso UNO-X electric motorcycle. The EV segments expected to contribute to the group' s |
| revenue in 2022 |
| In addition to the OEM business, the Group is also " levelling up" in the value chain by moving |
| into the ODM segment. The Group has been awarded sales order for its first ODM products in |
| 2021. The Group will seek to grow its ODM business. Meanwhile, the Group remains vigilant |
| and cautious to ensure that operations are not disrupted and continue to pursue |
| In the O& G business, we continues to work with our farm-in partner towards monetisation of . |
| Trembul Production Area assets despite that the road map was being delayed due to the |
| breakout of pandemic. |
Above is an extract from the company' s latest management comment
Sydney Yeung, the Chief Executive Officer of GSS Energy, said:
&ldquo Our proposed acquisition of Edison Motors late last year provides the synergy between
our production facilities in Batam and the design and technical capabilities of Edison Motors
in the electric two wheeler market. Coupled with supportive government policies, this enables
our timely penetration into the fast growing electric motorcycle market in Thailand. The market
opportunity is huge for us, and we look forward to robust UNO-X sales in Thailand, and
also in other markets around the region in the near future.&rdquo
Press release on 22 Feb 2022.
&ldquo Our proposed acquisition of Edison Motors late last year provides the synergy between
our production facilities in Batam and the design and technical capabilities of Edison Motors
in the electric two wheeler market. Coupled with supportive government policies, this enables
our timely penetration into the fast growing electric motorcycle market in Thailand. The market
opportunity is huge for us, and we look forward to robust UNO-X sales in Thailand, and
also in other markets around the region in the near future.&rdquo
Press release on 22 Feb 2022.
quietly creeping towards 7 series