About 570

Founded: 1979
Employees: 88
CEO: Kai Hoong Loke
WebsiteView website: www.abundante.com.sg

Abundante Limited provides concrete pumping and waste management services in Singapore and Malaysia. The company offers concrete pumping services and sells equipment parts, such as truck-mounted pumps, concrete placing booms, and stationary pumps. It also engages in the waste management, CCTV sewer survey, clearing of pipe blockages/chokes, and cleaning of sewer pipes operations. The company primarily serves construction contractors and construction and pipe-laying contractors. The company was formerly known as Transit-Mixed Concrete Ltd and changed its name to Abundante Limited in June 2022. Abundante Limited was incorporated in 1979 and is headquartered in Singapore.

Recent 570 News & Updates

New Risk • Apr 27

New major risk - Earnings quality

The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.06% net profit margin). Market cap is less than US$100m (S$17.7m market cap, or US$13.9m).

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About 570

Recent 570 News & Updates

New major risk - Earnings quality

Full year 2026 earnings released

Abundante Limited's (SGX:570) Shares Climb 29% But Its Business Is Yet to Catch Up

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