Declared Dividend • 14h
First half dividend of S$0.0048 announced Dividend of S$0.0048 is the same as last year. Ex-date: 14th October 2026 Payment date: 29th October 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Annonce • Jul 02
Union Gas Holdings Limited Appoints Gan Thiam Poh as Non-Executive Independent Director, Chairman of Remuneration Committee and Member of Audit Committee and Nominating Committee, Effective July 1, 2026 Union Gas Holdings Limited announced the board has approved the appointment of Mr. Gan Thiam Poh as independent director of the Company, Chairman of the Remuneration Committee and Member of the Audit Committee and Nominating Committee. Role And Responsibilities is Non-Executive. Working Experience: Mr. Gan has worked at DBS Bank since 2002 and is currently the Senior Vice President of Private Banking, DBS Bank Ltd. responsible for advising ultra-high-net-worth clients. He has served as a Member of Parliament in Singapore from 2011 to 2025. During his tenure, he was a member of the Singapore Parliamentary Committee for Public Accounts and served on various Government Parliamentary Committees, including Transport, National Development, and Sustainability and the Environment. Other DirectorShips Past: Member of Parliament Singapore. Other DirectorShips Present: Senior Vice President of Private Banking, DBS Bank Ltd. Independent Director of AnnAik Limited Independent Director of Soon Hock Enterprise Limited. Director Experience Details: Ex-Independent Director of Ouhua Energy Limited Independent Director of AnnAik Limited Independent Director of Soon Hock Enterprise Limited. Professional Qualifications: Bachelor of Science (Economics and Mathematics) degree from National University of Singapore Private Banking (Licensed). Appointment Date is July 1, 2026. New Risk • Jun 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: S$127.0m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (S$127.0m market cap, or US$97.9m). Upcoming Dividend • Jun 04
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 11 June 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Singaporean dividend payers (5.3%). Lower than average of industry peers (3.7%). Declared Dividend • May 01
Final dividend of S$0.01 announced Shareholders will receive a dividend of S$0.01. Ex-date: 11th June 2026 Payment date: 26th June 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 50% to shift the payout ratio to a potentially unsustainable range, which is more than the 18% EPS decline seen over the last 5 years. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: S$0.033 (vs S$0.039 in FY 2024) Full year 2025 results: EPS: S$0.033 (down from S$0.039 in FY 2024). Revenue: S$137.9m (up 9.9% from FY 2024). Net income: S$10.5m (down 16% from FY 2024). Profit margin: 7.6% (down from 10.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • Apr 15
Union Gas Holdings Limited, Annual General Meeting, Apr 29, 2026 Union Gas Holdings Limited, Annual General Meeting, Apr 29, 2026, at 09:00 Singapore Standard Time. Location: 190 keng lee road, chui huay lim club, level 4, cultural room 1, singapore 308409, Singapore Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: S$0.033 (vs S$0.039 in FY 2024) Full year 2025 results: EPS: S$0.033 (down from S$0.039 in FY 2024). Revenue: S$137.9m (up 9.9% from FY 2024). Net income: S$10.5m (down 16% from FY 2024). Profit margin: 7.6% (down from 10.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 13
Now 21% undervalued Over the last 90 days, the stock has risen 22% to S$0.39. The fair value is estimated to be S$0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 34%. Reported Earnings • Aug 16
First half 2025 earnings released: EPS: S$0.014 (vs S$0.016 in 1H 2024) First half 2025 results: EPS: S$0.014 (down from S$0.016 in 1H 2024). Revenue: S$63.7m (up 3.8% from 1H 2024). Net income: S$4.36m (down 17% from 1H 2024). Profit margin: 6.8% (down from 8.5% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 15
First half dividend of S$0.0048 announced Shareholders will receive a dividend of S$0.0048. Ex-date: 14th October 2025 Payment date: 29th October 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 52% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.0% EPS decline seen over the last 5 years. Buy Or Sell Opportunity • Aug 14
Now 24% undervalued Over the last 90 days, the stock has risen 14% to S$0.38. The fair value is estimated to be S$0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 34%. New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Upcoming Dividend • Jun 05
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 12 June 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Singaporean dividend payers (5.9%). Higher than average of industry peers (3.9%). Declared Dividend • May 01
Final dividend increased to S$0.01 Dividend of S$0.01 is 14% higher than last year. Ex-date: 12th June 2025 Payment date: 27th June 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: S$0.039 (vs S$0.038 in FY 2023) Full year 2024 results: EPS: S$0.039 (up from S$0.038 in FY 2023). Revenue: S$125.5m (down 2.6% from FY 2023). Net income: S$12.5m (up 2.3% from FY 2023). Profit margin: 10.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annonce • Apr 14
Union Gas Holdings Limited, Annual General Meeting, Apr 29, 2025 Union Gas Holdings Limited, Annual General Meeting, Apr 29, 2025, at 08:30 Singapore Standard Time. Location: 190 keng lee road, chui huay lim club, level 4, cultural room 1, singapore 308409, Singapore Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: S$3.93 (vs S$0.038 in FY 2023) Full year 2024 results: EPS: S$3.93 (up from S$0.038 in FY 2023). Revenue: S$125.5m (down 2.6% from FY 2023). Net income: S$12.5m (up 2.2% from FY 2023). Profit margin: 10.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 184% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
First half 2024 earnings released: EPS: S$0.016 (vs S$0.018 in 1H 2023) First half 2024 results: EPS: S$0.016 (down from S$0.018 in 1H 2023). Revenue: S$61.3m (down 4.6% from 1H 2023). Net income: S$5.22m (down 10% from 1H 2023). Profit margin: 8.5% (down from 9.0% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 28% per year. Declared Dividend • Aug 15
First half dividend of S$0.006 announced Shareholders will receive a dividend of S$0.006. Ex-date: 10th October 2024 Payment date: 25th October 2024 Dividend yield will be 4.7%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 3.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Aug 14
Union Gas Holdings Limited Announces Interim (One-Tier Tax Exempt) Dividend for the Financial Year Ending December 31, 2024, Payable on October 25, 2024 Union Gas Holdings Limited announced that the Share Transfer Books and Register of Members of Union Gas Holdings Limited (the Company) will be closed at 5.00 p.m. on October 11, 2024 for the purpose of determining shareholders' entitlements to the interim (one-tier tax exempt) dividend of 0.60 Singapore cent (SGD 0.006) per ordinary share for the financial year ending December 31, 2024 (the Interim Dividend). Duly completed registrable transfers in respect of the Shares received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte. Ltd., at 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632 up to 5.00 p.m. on October 11, 2024 will be registered to determine shareholders' entitlements to the Interim Dividend. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with the Shares at 5.00 p.m. on October 11, 2024 will be entitled to the Interim Dividend. The Interim Dividend will be paid on October 25, 2024. Buy Or Sell Opportunity • Jun 10
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at S$0.38. The fair value is estimated to be S$0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 56%. Buy Or Sell Opportunity • May 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to S$0.38. The fair value is estimated to be S$0.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 56%. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: S$0.038 (vs S$0.016 in FY 2022) Full year 2023 results: EPS: S$0.038 (up from S$0.016 in FY 2022). Revenue: S$128.9m (down 4.4% from FY 2022). Net income: S$12.2m (up 135% from FY 2022). Profit margin: 9.5% (up from 3.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Annonce • Apr 16
Union Gas Holdings Limited, Annual General Meeting, Apr 30, 2024 Union Gas Holdings Limited, Annual General Meeting, Apr 30, 2024, at 13:00 Singapore Standard Time. Location: 190 Keng Lee Road,Chui Huay Lim Club,Level 4,Cultural Training Room1 Singapore Singapore Agenda: To adopt the Statement by Directors and Audited Financial Statements for the financial year ended 31 December 2023 together with the Independent Auditor's Report thereon; to approve a final tax exempt (one-tier) dividend of 0.88 Singapore cent per ordinary share for the financial year ended 31 December 2023; to re-elect Mr. Teo Kiang Angas Director of the Company; and to consider other matters. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: S$0.039 (vs S$0.016 in FY 2022) Full year 2023 results: EPS: S$0.039 (up from S$0.016 in FY 2022). Revenue: S$128.9m (down 4.4% from FY 2022). Net income: S$12.2m (up 135% from FY 2022). Profit margin: 9.5% (up from 3.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 16
First half 2023 earnings released: EPS: S$0.018 (vs S$0.008 in 1H 2022) First half 2023 results: EPS: S$0.018 (up from S$0.008 in 1H 2022). Revenue: S$64.2m (down 6.0% from 1H 2022). Net income: S$5.81m (up 138% from 1H 2022). Profit margin: 9.0% (up from 3.6% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jul 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Reported Earnings • Apr 15
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: S$0.016 (down from S$0.047 in FY 2021). Revenue: S$134.8m (up 9.6% from FY 2021). Net income: S$5.21m (down 65% from FY 2021). Profit margin: 3.9% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Feb 28
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: S$0.016 (down from S$0.047 in FY 2021). Revenue: S$134.8m (up 9.6% from FY 2021). Net income: S$5.21m (down 65% from FY 2021). Profit margin: 3.9% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. CEO & Executive Director Hark Piang Teo was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
First half 2022 earnings released: EPS: S$0.008 (vs S$0.046 in 1H 2021) First half 2022 results: EPS: S$0.008 (down from S$0.046 in 1H 2021). Revenue: S$68.3m (up 12% from 1H 2021). Net income: S$2.45m (down 83% from 1H 2021). Profit margin: 3.6% (down from 24% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 13
Union Gas Holdings Limited Announces Interim Dividend for the Financial Year Ending December 31, 2022, Payable on October 21, 2022 Union Gas Holdings Limited announced that the Share Transfer Books and Register of Members of Union Gas Holdings Limited will be closed at 5.00 p.m. on 11 October 2022 for the purpose of determining shareholders' entitlements to the interim (one-tier tax exempt) dividend of 0.20 Singapore cent (SGD 0.002) per ordinary share ('Shares') for the financial year ending 31 December 2022 (the 'Interim Dividend'). The interim dividend will be paid on 21 October 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. CEO & Executive Director Hark Piang Teo was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 06
Union Gas Holdings Limited Proposes Final Tax Exempt (One-Tier) Dividend for the Financial Year Ended 31 December 2021 Union Gas Holdings Limited at its AGM to be held on April 28, 2022, to approve a final tax exempt (one-tier) dividend of 0.80 Singapore cents per ordinary share for the financial year ended 31 December 2021. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0.047 (down from S$0.061 in FY 2020). Revenue: S$123.0m (up 43% from FY 2020). Net income: S$14.9m (up 7.6% from FY 2020). Profit margin: 12% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. CEO & Executive Director Hark Piang Teo was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Dec 31
Union Gas Holdings Limited (Catalist:1F2) completed the acquisition of an unknown stake in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. from Union Energy Corporation Pte Ltd. Union Gas Holdings Limited (Catalist:1F2) entered into a memorandum of understanding to acquire an unknown stake in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. from Union Energy Corporation Pte Ltd on June 17, 2020. On August 24, 2021, Union Gas Holdings Limited entered into a sale and purchase agreement to acquire an unknown stake in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. from Union Energy Corporation Pte Ltd. for SGD 37.5 million. As per the sale and purchase agreement Union Gas Holdings Limited will acquire all the issued and paid up share capital of in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. The transaction consideration is expected to be fulfilled through a combination of cash and shares and would be determined upon completion of due diligence. The consideration is subject to the adjustment provision, to be satisfied in the following manner: (a) SGD 10 million to satisfied in cash by electronic transfer of immediately available funds to the Seller’s bank account on the date of the SPA; (b) SGD 2.4 million to satisfied in cash by electronic transfer of immediately available funds to the Seller’s bank account on the Completion Date; (c) the allotment of 88,649,905 ordinary shares of the Company to the Seller’s Central Depository Account, issued and allotted as fully-paid up on the Completion Date; and (d) SGD 1.6 million in respect of the Commercial Vehicles owned by Semgas (S) and Choon Hin to satisfied in cash by electronic transfer of immediately available funds to the either of Semgas (S)’s or Choon Hin’s bank account on the Completion Date. The Upfront Cash Consideration and the Remaining Cash Consideration shall be funded from the Company’s internal resources. The transaction includes shares in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. as well as all LPG Distribution Business, all support infrastructure relating to the LPG Distribution business and all trademarks, brand names and goodwill relating to the LPG Distribution Business, LPG Bottling Business and LPG Storage Business currently owned by the Potential Target Companies. The transaction may be financed through bank borrowings or through a separate fund-raising exercise.
The transaction is subject to further negotiations and entering into a definitive agreement, due diligence, approval of the Board of Directors and Shareholders of Union Gas and approval of all government agencies or regulatory bodies in Singapore on satisfactory terms. Teo Hark Piang and their associates have abstained from voting on the board resolutions involving the Proposed Acquisition. As of December 27, 2021, Union Gas Holdings Limited's board of directors approved the transaction. As of December 30, 2021, all the conditions precedent for the completion of the transaction have been fulfilled and/or waived in accordance with the terms of the Sale and Purchase Agreement. The transaction is expected to be completed on February 28, 2022.
Union Gas Holdings Limited (Catalist:1F2) completed the acquisition of an unknown stake in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. from Union Energy Corporation Pte Ltd on December30, 2020. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. CEO & Executive Director Hark Piang Teo was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Sep 27
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 04 October 2021. Payment date: 15 October 2021. Trailing yield: 3.9%. Lower than top quartile of Singaporean dividend payers (5.3%). Higher than average of industry peers (2.3%). Executive Departure • Sep 03
Deputy Chief Executive Officer Yong Hwee Ng has left the company During their tenure, earnings grew by 29% annually compared to the industry average of 19%. On the 31st of August, Yong Hwee Ng left the company after 2.3 in the role. We don't have any record of a personal shareholding under Yong Hwee's name. Yong Hwee is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.42 years. Recent Insider Transactions • Jul 15
Independent Director recently sold S$111k worth of stock On the 12th of July, Chwee Kim Lim sold around 100k shares on-market at roughly S$1.11 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$164k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 18% share price gain to S$1.10, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 17x in the Gas Utilities industry in Asia. Total returns to shareholders of 371% over the past three years. Upcoming Dividend • Jun 11
Upcoming dividend of S$0.025 per share Eligible shareholders must have bought the stock before 18 June 2021. Payment date: 30 June 2021. Trailing yield: 3.2%. Lower than top quartile of Singaporean dividend payers (4.8%). Higher than average of industry peers (2.3%). Reported Earnings • Apr 08
Full year 2020 earnings released: EPS S$0.061 (vs S$0.037 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$86.2m (up 9.4% from FY 2019). Net income: S$13.9m (up 65% from FY 2019). Profit margin: 16% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 12
Union Gas Holdings Limited Entry into A Non-Binding Letter of Intent with Worldbridge Industrial Developments Ltd Union Gas Holdings Limited has signed a nonbinding letter of intent ("LOI") with Worldbridge Industrial Developments Limited ("WBID") that will potentially pave the way for the Group to expand its operations overseas and to drive strategic growth for its liquified petroleum gas ("LPG") business segments abroad. Union Gas and WBID have been in discussions to explore a potential strategic partnership but progress was held back because of the global Covid19 pandemic in 2020. With economic activities gradually resuming worldwide and vaccination programmes being carried out globally, the parties now intend to form a joint venture company ("JVCo") to commence the business activities and operations of supplying and distributing LPG in the Kingdom of Cambodia by the end of 2021. Under the plans contemplated, the Group will hold a 55% stake in the JVCo and will second experienced management staff from its Singapore office to support the local Cambodia staff first remotely and then onsite when the Covid19 situation has eased substantially and the gradual lifting of travel and workplace restrictions enable a more conducive environment. WBID will hold the remaining 45% stake and will provide the JVCo access to its substantial local business network and connections in Cambodia. Annonce • Mar 04
Union Gas Partners Surbana Jurong to Explore Singapore's First Multienergy Filling Station Union Gas Holdings Limited has exclusively appointed Surbana Jurong Group (Surbana Jurong) as part of a collaboration to study and evaluate the potential redevelopment of the existing fuel station at 50 Old Toh Tuck Road into Singapore's first multifuels and energy facility. The Site is the current location of Union Gas' fuel station under its "Cnergy" brand, which offers both compressed natural gas and diesel primarily to natural gas vehicles and industrial customers for commercial use. With the lease for the Site expiring in December 2023, the Group is now exploring the feasibility of redeveloping and transforming it into an innovative, adaptable and sustainable multi fuels and energy facility, which will support its ambitions to cater to the evolving energy requirements and challenges of the future as well as Singapore's aspirations for cleaner energy options. Surbana Jurong and the Group will work jointly on a business plan and model to assess the feasibility of adding various sustainable energy delivery and storage methods and solutions to the Site. These may include renewable solar and microwind energy solutions, battery storage systems and electric vehicles charging stations; and a natural gasbased power generation station supported by existing transmission pipeline and subsequent export to the power grid. As part of the plan, the parties will also explore the feasibility of hosting alternative low carbon initiatives such as onsite production of hydrogen fuel through electrolysis and the corresponding dispensation of hydrogen fuel into hydrogen cell vehicles. This Site is also expected to be selfpowered by solar and/or wind energy. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: S$86.2m (up 9.4% from FY 2019). Net income: S$13.9m (up 65% from FY 2019). Profit margin: 16% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 09
New 90-day high: S$0.55 The company is up 25% from its price of S$0.44 on 11 November 2020. The Singaporean market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 7.0% over the same period. Recent Insider Transactions • Feb 06
Independent Director recently sold S$53k worth of stock On the 5th of February, Chwee Kim Lim sold around 100k shares on-market at roughly S$0.53 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of S$8.4k more than they bought in the last 12 months. Is New 90 Day High Low • Jan 07
New 90-day high: S$0.53 The company is up 16% from its price of S$0.46 on 09 October 2020. The Singaporean market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Gas Utilities industry, which is up 18% over the same period. Annonce • Nov 28
Union Gas Holdings Limited Announces Agreement for Supplying Piped and Liquefied Natural Gas The board of directors of Union Gas Holdings Limited announced that in the month of November the company has entered into agreements with four customers from the packaging, food production, hospitality and waste management industries, to supply piped natural gas to their production and manufacturing plants. In addition, the company has also signed a letter of intent with another customer to conduct technical and feasibility studies supplying liquefied natural gas to its production plant in the services and manufacturing sector. The value of the above agreements is approximately SGD 2 million annually. The supply to the piped natural gas customers will commence around end of this year or early next year. The supply of PNG and LNG will become the group's fourth fuel product after liquefied petroleum gas, diesel and compressed natural gas. The agreements are not expected to have a material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the financial year ending 31 December 2020. Is New 90 Day High Low • Nov 27
New 90-day high: S$0.49 The company is up 25% from its price of S$0.40 on 28 August 2020. The Singaporean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 27
New 90-day high: S$0.47 The company is up 57% from its price of S$0.30 on 29 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: S$0.42 The company is up 47% from its price of S$0.29 on 09 July 2020. The Singaporean market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 7.0% over the same period. Annonce • Jun 18
Union Gas Holdings Limited (Catalist:1F2) entered into a memorandum of understanding to acquire an unknown stake in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. from Union Energy Corporation Pte Ltd. Union Gas Holdings Limited (Catalist:1F2) entered into a memorandum of understanding to acquire an unknown stake in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. from Union Energy Corporation Pte Ltd on June 17, 2020. The transaction consideration is expected to be fulfilled through a combination of cash and shares and would be determined upon completion of due diligence. The transaction includes shares in Sembas (Asia) Trading Pte. Ltd., Semgas Supply Pte. Ltd. and Summit Gas Systems Pte. Ltd. as well as all LPG Distribution Business, all support infrastructure relating to the LPG Distribution business and all trademarks, brand names and goodwill relating to the LPG Distribution Business, LPG Bottling Business and LPG Storage Business currently owned by the Potential Target Companies. The transaction may be financed through bank borrowings or through a separate fund-raising exercise. The transaction is subject to further negotiations and entering into a definitive agreement, due diligence, approval of the Board of Directors and Shareholders of Union Gas and approval of all government agencies or regulatory bodies in Singapore on satisfactory terms. 
