SGX:1F2Gas Utilities
Union Gas Holdings (SGX:1F2) Stock Rides Profit Surge And Wider Margins
Union Gas Holdings walked into this earnings season with a value story, trading at a P/E of 8.5x and sitting below a discounted cash flow fair value estimate. Yet the real tension today sits in the income statement. The stock closed at SGD0.49 after the market digested a headline result that put profitability squarely in focus. Trailing 12 month earnings grew 56.3% and net profit margin sat at 10.1% compared with 9.1% a year earlier. The question now is whether this step up in earnings...