Latest news with #RHPetroGas
Straits Times
13 hours ago
- Business
- Straits Times
Some SGX-listed energy stocks surge as oil prices rally on Israel-Iran conflict
Oil prices had jumped 7 per cent on June 13 as Israel and Iran first traded strikes. PHOTO: REUTERS SINGAPORE - Shares of oil and gas companies listed on the Singapore Exchange (SGX) such as Rex International and RH PetroGas rose more than 6 per cent at the market open on Jun 16. This comes on the back of global crude oil prices surging amid escalating conflict in the Middle East between Iran and Israel. Brent crude futures rose US$1.70 or 2.3 per cent, to US$75.93 a barrel during Asia hours, while US West Texas Intermediate crude futures gained US$1.62, or 2.2 per cent, to US$74.60. Oil prices had jumped 7 per cent on June 13 as Israel and Iran first traded strikes. As at 9.04 am, multinational oil exploration and production company Rex International gained 9.8 per cent or $0.02 to $0.225, with 13.3 million securities changing hands. By 9.30 am, its share price had eased to $0.22, though the counter was still up 7.3 per cent or $0.015. The company's share price has had an upward trajectory since early June, following its Jun 6 update on its subsidiary Lime Petroleum Holdings' assets in Norway, Benin and Germany. Notably, Lime Resources Germany, which was founded in late 2024, was said to have interests in four onshore exploration licences and one onshore production licence in the Rhine Valley, and one onshore production licence in Bavaria. Its share price has since increased steadily from $0.14 on Jun 9, to $0.18 on Jun 11 and $0.205 on Jun 13. On Nov 7, 2023, Lime Petroleum had entered an agreement to acquire a 17 per cent interest in PL740, an oil and gas licence for a field in the Norwegian North Sea. Meanwhile, RH PetroGas was up 6.8 per cent or $0.013 at $0.205, with 5.2 million securities changing hands. At 9.45 am, its price eased to $0.199, still up 3.7 per cent or $0.007, before rising again to $0.20 by 9.56 am. The company also had regular improvement in its price performance before today's spike from its Jun 10's price of $0.141. Other maritime and energy SGX-listed stocks had sharp increases of over 10 per cent and around 21 per cent were Mermaid Maritime and CH Offshore, to $0.121 and $0.017, respectively. As at 10.18am, their share prices have eased to $0.118 and $0.016, respectively. Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
16 hours ago
- Business
- Business Times
Some SGX-listed energy stocks surge as oil prices rally on Israel-Iran conflict
[SINGAPORE] Shares of oil and gas companies listed on the Singapore Exchange (SGX) such as Rex International and RH PetroGas rose by more than 6 per cent at the market open on Monday (Jun 16). This comes on the back of global crude oil prices surging amid escalating conflict in the Middle East between Iran and Israel. Brent crude futures were up US$1.70, or 2.3 per cent, to US$75.93 a barrel during Asia hours on Monday, while US West Texas Intermediate crude futures gained US$1.62, or 2.2 per cent, to US$74.60. Oil prices had jumped 7 per cent on Friday as Israel and Iran first traded strikes. As at 9.04 am, multinational oil exploration and production company Rex International rose by 9.8 per cent or S$0.02 to S$0.225, with 13.3 million securities changing hands. By 9.30 am, its share price had eased to S$0.22, though the counter was still up 7.3 per cent or S$0.015. The company's share price has had an upward trajectory since early June this year, following its Jun 6 update on its subsidiary Lime Petroleum Holdings' assets in Norway, Benin and Germany. Notably, Lime Resources Germany, which was founded in late-2024, was said to have interests in four onshore exploration licences and one onshore production licence in the Rhine Valley, and one onshore production licence in Bavaria. Its share price has since increased steadily from S$0.14 on Jun 9, to S$0.18 on Jun 11 and S$0.205 on Jun 13. Meanwhile, RH PetroGas at open was up 6.8 per cent or S$0.013 at S$0.205, with 5.2 million securities changing hands. At 9.45 am, its price eased to $0.199, still up 3.7 per cent or S$0.007, before rising again to S$0.20 by 9.56 am. The company also had seen regular improvement in its price performance before today's spike from its Jun 10's price of S$0.141. Other maritime and energy SGX-listed stocks which saw sharp increases of over 10 per cent and around 21 per cent this morning were Mermaid Maritime and CH Offshore , to S$0.121 and S$0.017 respectively. As at 10.18am, their share prices have eased to S$0.118 and S$0.016 respectively.
Yahoo
13-04-2025
- Business
- Yahoo
RH PetroGas Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$92.5m (down 1.7% from FY 2023). Net income: US$14.6m (up 461% from FY 2023). Profit margin: 16% (up from 2.8% in FY 2023). The increase in margin was driven by lower expenses. EPS: US$0.017 (up from US$0.003 in FY 2023). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) exceeded analyst estimates by 24%. Looking ahead, revenue is expected to fall by 7.5% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Asia. Performance of the market in Singapore. The company's shares are down 10% from a week ago. It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with RH PetroGas (at least 1 which is a bit concerning) , and understanding these should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
07-04-2025
- Business
- Yahoo
RH PetroGas (SGX:T13) Could Become A Multi-Bagger
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in RH PetroGas' (SGX:T13) returns on capital, so let's have a look. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for RH PetroGas: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.40 = US$29m ÷ (US$107m - US$34m) (Based on the trailing twelve months to December 2024). Thus, RH PetroGas has an ROCE of 40%. In absolute terms that's a great return and it's even better than the Oil and Gas industry average of 5.0%. Check out our latest analysis for RH PetroGas Above you can see how the current ROCE for RH PetroGas compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for RH PetroGas . The fact that RH PetroGas is now generating some pre-tax profits from its prior investments is very encouraging. Shareholders would no doubt be pleased with this because the business was loss-making five years ago but is is now generating 40% on its capital. Not only that, but the company is utilizing 4,228% more capital than before, but that's to be expected from a company trying to break into profitability. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger. On a related note, the company's ratio of current liabilities to total assets has decreased to 32%, which basically reduces it's funding from the likes of short-term creditors or suppliers. Therefore we can rest assured that the growth in ROCE is a result of the business' fundamental improvements, rather than a cooking class featuring this company's books. To the delight of most shareholders, RH PetroGas has now broken into profitability. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. Therefore, we think it would be worth your time to check if these trends are going to continue. If you want to know some of the risks facing RH PetroGas we've found 2 warning signs (1 is concerning!) that you should be aware of before investing here. If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
10-03-2025
- Business
- Yahoo
Those who invested in RH PetroGas (SGX:T13) five years ago are up 831%
We think all investors should try to buy and hold high quality multi-year winners. While the best companies are hard to find, but they can generate massive returns over long periods. To wit, the RH PetroGas Limited (SGX:T13) share price has soared 831% over five years. If that doesn't get you thinking about long term investing, we don't know what will. In contrast, the stock has fallen 9.7% in the last 30 days. The company reported its financial results recently; you can catch up on the latest numbers by reading our company report. We love happy stories like this one. The company should be really proud of that performance! So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. Check out our latest analysis for RH PetroGas While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Over half a decade, RH PetroGas managed to grow its earnings per share at 43% a year. This EPS growth is lower than the 56% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. That's not necessarily surprising considering the five-year track record of earnings growth. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). We know that RH PetroGas has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts. While the broader market gained around 25% in the last year, RH PetroGas shareholders lost 5.1%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. On the bright side, long term shareholders have made money, with a gain of 56% per year over half a decade. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. It's always interesting to track share price performance over the longer term. But to understand RH PetroGas better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with RH PetroGas (at least 1 which is a bit unpleasant) , and understanding them should be part of your investment process. We will like RH PetroGas better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
