Latest news with #SGX
Yahoo
2 hours ago
- Business
- Yahoo
While individual investors own 20% of The Hour Glass Limited (SGX:AGS), private companies are its largest shareholders with 58% ownership
The considerable ownership by private companies in Hour Glass indicates that they collectively have a greater say in management and business strategy 53% of the company is held by a single shareholder (Tyc Investment Pte Ltd.) Insider ownership in Hour Glass is 17% This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. To get a sense of who is truly in control of The Hour Glass Limited (SGX:AGS), it is important to understand the ownership structure of the business. We can see that private companies own the lion's share in the company with 58% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). And individual investors on the other hand have a 20% ownership in the company. Let's take a closer look to see what the different types of shareholders can tell us about Hour Glass. See our latest analysis for Hour Glass Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Institutions have a very small stake in Hour Glass. That indicates that the company is on the radar of some funds, but it isn't particularly popular with professional investors at the moment. If the company is growing earnings, that may indicate that it is just beginning to catch the attention of these deep-pocketed investors. It is not uncommon to see a big share price rise if multiple institutional investors are trying to buy into a stock at the same time. So check out the historic earnings trajectory, below, but keep in mind it's the future that counts most. We note that hedge funds don't have a meaningful investment in Hour Glass. The company's largest shareholder is Tyc Investment Pte Ltd., with ownership of 53%. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. Meanwhile, the second and third largest shareholders, hold 7.7% and 6.5%, of the shares outstanding, respectively. Interestingly, the bottom two of the top three shareholders also hold the title of Chief Executive Officer and Chairman of the Board, respectively, suggesting that these insiders have a personal stake in the company. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. It seems insiders own a significant proportion of The Hour Glass Limited. It has a market capitalization of just S$1.0b, and insiders have S$175m worth of shares in their own names. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. With a 20% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Hour Glass. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. It seems that Private Companies own 58%, of the Hour Glass stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For example, we've discovered 1 warning sign for Hour Glass that you should be aware of before investing here. Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. 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
5 hours ago
- Business
- Yahoo
Get Smart: REITs for the Long Term
It's not been an easy ride for REITs over the past five years. First, there was the pandemic in 2020 which forced malls and offices to impose movement control measures. Then, just as things were looking up in 2022, the sector was hit with higher interest rates. Amid all the challenges, it's easy to forget a simple fact: REITs are built to provide income to unitholders like you and me. And when things get messy, it's useful to return to the core principles. REITs are bundles of rental-generation real estate assets that are packaged together and traded on an exchange. Their requirement to pay out a distribution that is at least 90% of their net profit makes them ideal for income-seeking investors. If you wish to rely on a steady stream of dividends that help you to augment your earned income, REITs are the perfect asset class for you. You can treat it as a long-term bond-like instrument that distributes regular income from a recurring rental income stream. It's easy to forget this simple fact amid the noise. But one thing's for sure – all of them are continuing to pay out distributions to their unitholders. At a recent event, my colleague Chin was one of the speakers invited to share his thoughts. He made three very good points about buying REITs that I am happy to share with all of you. Because we cannot control the external environment, we should, instead, stick to what we can control. And we can control which REITs we buy, how much of them we purchase, and when we buy them. The idea is to scan through the list of available REITs on the Singapore Exchange and pick those with strong sponsors and solid DPU track records. Strong sponsors include CapitaLand Investment Limited (SGX: 9CI) and Mapletree Investments Pte Ltd. A great example of a REIT with a solid DPU track record is Parkway Life REIT (SGX: C2PU), which has grown its core DPU every year since its IPO in 2007. Next, you can control your risk by sizing your position accordingly. If you feel comfortable with a REIT such as Mapletree Industrial Trust (SGX: ME8U), it can occupy a 5% position within your portfolio. But if you feel wary of it, but still wish to gain some exposure, you can buy either a 0.5% or 1% position. Finally, you can also choose when to buy your REITs so that you space out your purchases. You can choose to set up a system of regular purchases by allocating several hundred dollars a month to buy a choice REIT. Or to wait for a sharp market pullback to increase your stake in REITs that you favour. It's really up to you. The key is to remember that REITs are meant for income, and if you buy enough of the right REIT, then you can secure a useful stream of passive income for life. REITs are at a crossroads now. Singapore REITs are trading at almost a 20% discount to their long-term average valuation. This fact implies that they are cheap because of the poor sentiment surrounding the asset class. But with patience and the right selection, it may be a great opportunity to scoop up REITs for the long term. By doing so, you can enjoy average distribution yields of around 6% to 7% and increase your passive income stream for life. This could be the fastest way to jump from a 'newbie' investor to a seasoned pro. Our beginner's guide shows everything you need to know to buy your first stock and beyond. Click here to download it for free today. Follow us on Facebook and Telegram for the latest investing news and analyses! Disclosure: Royston Yang owns shares of Mapletree Industrial Trust. The post Get Smart: REITs for the Long Term appeared first on The Smart Investor.
Business Times
6 hours ago
- Business
- Business Times
Proportion of female directors at top 100 SGX companies surpasses 25% target in 2024
[SINGAPORE] The proportion of female directors in the largest 100 Singapore-listed companies hit 25.1 per cent last year, up from 23.7 per cent in 2023, the latest edition of the Singapore Board Diversity Review reported. The study, released on Friday (May 30), analysed the top 100 companies by market capitalisation with a primary listing on the Singapore Exchange (SGX), as well as the overall market. Not only did the result surpass the 25 per cent target set by the Council for Board Diversity (CBD), the target was achieved a year ahead of its end-2025 deadline. The CBD, which authored the study, noted in the report on the findings: 'The growing participation of women directors across corporate boards has been encouraging and reflective of the evolving business landscape, efforts by the director ecosystem, and the introduction of regulatory enhancements.' Among all 615 Singapore-listed companies, the proportion of female directors improved to 18.1 per cent last year – up from 16.1 per cent in 2023 and 8.1 per cent in 2013. That said, 188 Singapore-listed companies, or 31 per cent, still had all-male boards. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up More female leaders Women held 13 per cent of all board leadership roles in Singapore-listed companies last year, up from 11 per cent in 2023. These roles included chairmanship of the board or on nominating committees (NCs) and audit and remuneration committees. However, the proportion of female board chairs stood at just 8 per cent last year. This mirrors the 8.4 per cent global average, highlighting that 'disproportionately few' women advance to this position, the CBD said. Separately, the study observed that the gender mix of the board tends to improve when women serve as NC chair or member. Among Singapore-listed companies in which NCs had at least one woman, 33 per cent of board appointees between 2020 and 2024 were female. The rate stood at just 11 per cent for companies with all-male NCs. 'The findings support observations that women leaders are more likely to tap expanded networks for a more inclusive nomination process, and to ensure qualified women are included in candidate shortlists,' the CBD said. 'Women in key board roles is itself a strong indicator of board culture and can serve to attract additional female board talent', as well as candidates who value board diversity, it added. In the report, Teo Siong Seng, chairman of the Singapore Business Federation (SBF), noted that the improvement in diversity happened without gender quotas being imposed on boards. This made the change 'more sustainable', he said. First-time directors The study found that Singapore-listed companies appointed 310 first-time directors last year – the largest cohort since at least 2015. This points to 'greater value being placed on the skills, expertise and potential of a new board talent, over prior directorship experience', the CBD noted. The most sought-after skill set for new directors was finance and investment expertise, followed by strategy and management. There was a better balance between new and long-serving directors. Among the top 100 companies, the average tenure of a director fell to 6.4 years, from 6.8 years in 2020. Four in 10 independent directors started their appointment under three years ago. Among all Singapore-listed companies, 55 per cent of directors were independent last year, up from 49 per cent in 2016. The improvement comes after the regulatory arm of the SGX capped independent directors' tenure at nine years in 2023. As Teo of the SBF noted: 'We're seeing organisations recognise that board diversity is part of corporate governance, and that it makes their boards and businesses more resilient.'
Straits Times
17 hours ago
- Business
- Straits Times
More firms may exit SGX even as it moves to attract listings
ST understands that at least 15 companies have received privatisation offers in 2025 so far. PHOTO: THE BUSINESS TIMES More firms may exit SGX even as it moves to attract listings SINGAPORE – Two more companies have announced moves that may impact their Singapore Exchange listing status even as efforts are being made to boost market interest and attract new IPOs. Local medical services company Singapore Paincare has received a privatisation offer from Advance Bridge Healthcare at 16 cents a share, valuing the company at about $27 million. This was announced after the firm requested a trading halt on May 27. The offer represents a 27 per cent premium over its last traded price and 77.8 per cent above its share price in March 2024, when a potential deal was first announced. Singapore Paincare will be delisted from the SGX's Catalist board if the deal is successful. The company said in a bourse filing on May 28 that it saw 'no necessity for access to equity capital markets' and that it has not carried out any exercise to raise equity capital on the SGX since its initial public offering in 2020, except for a share placement exercise in the same year. It also noted that delisting from the Catalist board would reduce costs relating to the maintenance of its listed status, allowing more resources to be channelled to its business operations. Singapore Paincare did not respond to queries from The Straits Times. Meanwhile, Chinese manufacturer Fuxing China Group, listed on the SGX mainboard since 2007, has received approval to list on the Nasdaq. In a bourse filing on May 23, it said trading in its American Depositary Shares would begin 'very shortly'. The company requested a trading halt on May 29. Fuxing China Group declined to confirm whether it would maintain its SGX listing or provide further details on the Nasdaq move when contacted by ST. ST understands that at least 15 companies have received privatisation offers in 2025 so far. They include Paragon Reit, Fraser's Hospitality Trust, Sinarmas Land, Japfa and Amara Holdings. The offers to Paragon Reit, Japfa and Amara Holdings have been declared unconditional, and they will be delisted from the SGX. Earlier in May, the controlling shareholders of Sinarmas Land also made a second higher offer to take the property developer private. The wave of offers come even as efforts are under way to raise the number of IPOs on the SGX and offset the tide of companies leaving the local bourse. The Monetary Authority of Singapore and SGX RegCo on May 15 unveiled proposals to ease the IPO process, including measures to enable better price discovery on the SGX, or how a fair stock price is determined through market supply and demand. These plans are currently under public consultation. A Reuters report on May 19 noted that at least five companies from mainland China or Hong Kong are looking to launch IPOs, dual listings or share placements in Singapore over the next 12 to 18 months. The report, which cited four unarmed sources, said the companies are eyeing expansion plans in South-east Asia amid global trade tensions. Mr Jason Saw, group head of investment banking at CGS International Securities, said the combination of sluggish domestic consumption and rising competition in the world's second-largest economy has made overseas expansion more urgent for Chinese firms. This might be why interest in SGX listings from Chinese companies exploring secondary listings in the region has picked up noticeably in 2025. 'The IPO 'queues' in China and Hong Kong are also very long – SGX offers a much shorter time to market and serves as a good launchpad into the South-east Asia region,' said Mr Saw, who also noted that Singapore's appeal lies in its transparency, neutrality and clear regulatory framework, 'Companies from the consumer-facing sectors are the ones keenly exploring an SGX listing,' he added. Despite the current dearth of IPOs, Singapore's bourse has emerged as the third-largest Reit listing venue globally by fund-raising, after China and India, in the last five years. Japan's Nippon Telegraph and Telephone in its earnings release in May said it plans to list its data centre Reit on the SGX in the future. Singapore's Centurion said in a January filing that it is exploring the establishment of a Reit involving some of its workers and student accommodation assets. If the plan materialises, the Reit will be listed on the mainboard of the SGX. There are 613 companies listed on SGX as at April 2025, compared with 623 in the same month a year ago. Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
a day ago
- Business
- Yahoo
Ausnutria Dairy Leads Our Selection Of 3 Asian Penny Stocks
Amidst global market volatility and economic uncertainties, Asian markets have been navigating through a landscape marked by trade tensions and fluctuating economic indicators. In such a climate, investors often look towards penny stocks as an avenue for potential growth opportunities. While the term 'penny stocks' may seem outdated, these smaller or newer companies can still offer significant value when they possess strong financial foundations. Name Share Price Market Cap Financial Health Rating Halcyon Technology (SET:HTECH) THB2.66 THB798M ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.43 SGD174.27M ★★★★★☆ YKGI (Catalist:YK9) SGD0.096 SGD40.8M ★★★★★★ Beng Kuang Marine (SGX:BEZ) SGD0.179 SGD35.66M ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.08 SGD8.19B ★★★★★☆ Ever Sunshine Services Group (SEHK:1995) HK$1.90 HK$3.28B ★★★★★☆ Bosideng International Holdings (SEHK:3998) HK$4.53 HK$51.86B ★★★★★★ Lever Style (SEHK:1346) HK$1.17 HK$738.21M ★★★★★★ Goodbaby International Holdings (SEHK:1086) HK$1.23 HK$2.05B ★★★★★★ TK Group (Holdings) (SEHK:2283) HK$1.94 HK$1.62B ★★★★★★ Click here to see the full list of 1,167 stocks from our Asian Penny Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Ausnutria Dairy Corporation Ltd is an investment holding company involved in the research, development, production, marketing, processing, packaging, and distribution of dairy and nutrition products with a market cap of HK$3.56 billion. Operations: The company's revenue is primarily derived from Dairy and Related Products, contributing CN¥7.10 billion, followed by Nutrition Products at CN¥304.56 million. Market Cap: HK$3.56B Ausnutria Dairy has shown a promising earnings growth of 35.3% over the past year, surpassing industry averages, although its five-year earnings trend reflects a decline. The company maintains strong short-term liquidity with CN¥4.4 billion in assets exceeding both short and long-term liabilities. Despite an increased debt-to-equity ratio of 37%, interest payments are well-covered by EBIT at 25.2 times coverage, though operating cash flow covers only 14% of debt, indicating potential cash flow constraints. Recent dividend increases highlight shareholder returns but raise concerns about sustainability due to limited free cash flow coverage. Jump into the full analysis health report here for a deeper understanding of Ausnutria Dairy. Learn about Ausnutria Dairy's future growth trajectory here. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Hong Kong Robotics Group Holding Limited is an investment holding company that trades in electronic appliances across the People's Republic of China, Singapore, and Hong Kong, with a market cap of HK$3.28 billion. Operations: The company's revenue is primarily derived from building construction contracting (HK$72.40 million), centralised heating (HK$50.07 million), geothermal energy (HK$16.87 million), customised technical support (HK$14.87 million), property investment (HK$6.32 million), and money lending (HK$6.98 million). Market Cap: HK$3.28B Hong Kong Robotics Group Holding Limited, with a market cap of HK$3.28 billion, remains unprofitable despite diverse revenue streams from building construction contracting and centralised heating. The company's short-term assets of HK$1.0 billion comfortably cover both short and long-term liabilities, reflecting solid liquidity management. While the company has a satisfactory net debt to equity ratio of 32.8%, the increased debt levels over five years warrant caution. Recent developments include a name change and collaboration on a healthcare project in Jiangsu Province, which could enhance its strategic positioning but also introduces execution risks amidst ongoing volatility in its share price. Click to explore a detailed breakdown of our findings in Hong Kong Robotics Group Holding's financial health report. Gain insights into Hong Kong Robotics Group Holding's past trends and performance with our report on the company's historical track record. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: China Oriental Group Company Limited manufactures and sells iron and steel products for downstream steel manufacturers in the People's Republic of China, with a market cap of HK$4.91 billion. Operations: The company generates revenue primarily from its Iron and Steel segment, which accounts for CN¥42.86 billion, alongside a smaller contribution of CN¥96.83 million from Real Estate activities. Market Cap: HK$4.91B China Oriental Group, with a market cap of HK$4.91 billion, recently reported a turnaround from a CN¥159.69 million net loss to a CN¥149.11 million net profit for 2024, aided by improved earnings and stable revenue of CN¥42.96 billion primarily from its iron and steel segment. The company announced dividends totaling HKD 0.06 per share for the year ended December 2024, reflecting shareholder returns despite an unstable dividend history. While the management team is experienced and interest coverage is adequate, concerns remain over increased debt levels and low return on equity at 0.9%. Take a closer look at China Oriental Group's potential here in our financial health report. Assess China Oriental Group's previous results with our detailed historical performance reports. Take a closer look at our Asian Penny Stocks list of 1,167 companies by clicking here. Contemplating Other Strategies? Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. This 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. Companies discussed in this article include SEHK:1717 SEHK:370 and SEHK:581. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
