HG Metal Manufacturing (SGX:BTG) - Stock Price, News & Analysis

BTG Stock Overview

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

BTG fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (9.9x) is below the SG market (11x)

Became profitable this year

Risk Analysis

Shareholders have been diluted in the past year

Does not have a meaningful market cap (SGD63M)

HG Metal Manufacturing Limited Competitors

Sin Heng Heavy Machinery

SGX:BKA

S$54.4m

Resources Global Development

Catalist:V7R

S$107.5m

Intraco

SGX:I06

S$36.0m

XMH Holdings

SGX:BQF

S$46.1m

Price History & Performance

Summary of all time highs, changes and price drops for HG Metal Manufacturing
Historical stock prices
Current Share Price	S$0.32
52 Week High	S$0.33
52 Week Low	S$0.23
Beta	0.43
11 Month Change	-4.55%
3 Month Change	1.61%
1 Year Change	3.28%
33 Year Change	12.50%
5 Year Change	57.50%
Change since IPO	-72.00%

There May Be Underlying Issues With The Quality Of HG Metal Manufacturing's (SGX:BTG) Earnings

Aug 15

Sentiment Still Eluding HG Metal Manufacturing Limited (SGX:BTG)

Apr 26

Recent updates

There May Be Underlying Issues With The Quality Of HG Metal Manufacturing's (SGX:BTG) Earnings

Aug 15

Sentiment Still Eluding HG Metal Manufacturing Limited (SGX:BTG)

Apr 26

Fewer Investors Than Expected Jumping On HG Metal Manufacturing Limited (SGX:BTG)

Jan 19

Calculating The Fair Value Of HG Metal Manufacturing Limited (SGX:BTG)

Jul 18

There's Been No Shortage Of Growth Recently For HG Metal Manufacturing's (SGX:BTG) Returns On Capital

Mar 16

Estimating The Intrinsic Value Of HG Metal Manufacturing Limited (SGX:BTG)

Feb 08

These 4 Measures Indicate That HG Metal Manufacturing (SGX:BTG) Is Using Debt Safely

Sep 28

HG Metal Manufacturing (SGX:BTG) Shareholders Will Want The ROCE Trajectory To Continue

Aug 12

HG Metal Manufacturing Limited (SGX:BTG) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Mar 08

Does HG Metal Manufacturing (SGX:BTG) Have The Makings Of A Multi-Bagger?

Feb 25

Shareholder Returns

	BTG	SG Trade Distributors	SG Market
7D	-1.6%	0.5%	1.5%
1Y	3.3%	12.5%	3.3%

Return vs Industry: BTG underperformed the SG Trade Distributors industry which returned 12.5% over the past year.

Return vs Market: BTG matched the SG Market which returned 3.3% over the past year.

Price Volatility

Is BTG's price volatile compared to industry and market?
BTG volatility
BTG Average Weekly Movement	6.0%
Trade Distributors Industry Average Movement	5.9%
Market Average Movement	5.0%
10% most volatile stocks in SG Market	14.8%
10% least volatile stocks in SG Market	2.4%

Stable Share Price: BTG has not had significant price volatility in the past 3 months.

Volatility Over Time: BTG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1971	191	Xia Xiao	www.hgmetal.com

HG Metal Manufacturing Limited, an investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore. The company operates through Trading, Manufacturing, and Others segments. It offers various steel products, such as angle bars, flat bars, round and square bars, deformed bars, steel plates, hollow sections, channels, beams and columns, pipes, gratings, and coupler and threads, rebar, and wire mesh.

HG Metal Manufacturing Limited Fundamentals Summary

How do HG Metal Manufacturing's earnings and revenue compare to its market cap?
BTG fundamental statistics
Market cap	S$63.15m
Earnings (TTM)	S$6.38m
Revenue (TTM)	S$156.56m

9.9x

P/E Ratio

0.4x

P/S Ratio

Is BTG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BTG income statement (TTM)
Revenue	S$156.56m
Cost of Revenue	S$137.23m
Gross Profit	S$19.33m
Other Expenses	S$12.95m
Earnings	S$6.38m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.032
Gross Margin	12.35%
Net Profit Margin	4.07%
Debt/Equity Ratio	9.0%

How did BTG perform over the long term?

See historical performance and comparison

BTG Stock Overview

Rewards

Risk Analysis

HG Metal Manufacturing Limited Competitors

SGX:BKA

S$54.4m

Catalist:V7R

S$107.5m

SGX:I06

S$36.0m

SGX:BQF

S$46.1m

Price History & Performance

Recent News & Updates

New major risk - Shareholder dilution

There May Be Underlying Issues With The Quality Of HG Metal Manufacturing's (SGX:BTG) Earnings

First half 2024 earnings released: EPS: S$0.024 (vs S$0.018 loss in 1H 2023)

Sentiment Still Eluding HG Metal Manufacturing Limited (SGX:BTG)

HG Metal Manufacturing Limited, Annual General Meeting, Apr 26, 2024

HG Metal Manufacturing Limited has filed a Follow-on Equity Offering in the amount of SGD 13.33458 million.

Recent updates

New major risk - Shareholder dilution

There May Be Underlying Issues With The Quality Of HG Metal Manufacturing's (SGX:BTG) Earnings

First half 2024 earnings released: EPS: S$0.024 (vs S$0.018 loss in 1H 2023)

Sentiment Still Eluding HG Metal Manufacturing Limited (SGX:BTG)

HG Metal Manufacturing Limited, Annual General Meeting, Apr 26, 2024

HG Metal Manufacturing Limited has filed a Follow-on Equity Offering in the amount of SGD 13.33458 million.

HG Metal Manufacturing Limited has filed a Follow-on Equity Offering in the amount of SGD 13.33458 million.

Full year 2023 earnings released: EPS: S$0.003 (vs S$0.004 loss in FY 2022)

HG Metal Manufacturing Limited to Report Fiscal Year 2023 Results on Feb 29, 2024

Fewer Investors Than Expected Jumping On HG Metal Manufacturing Limited (SGX:BTG)

High number of new and inexperienced directors

High number of new and inexperienced directors

Now 22% undervalued after recent price drop

New minor risk - Shareholder dilution

First half 2023 earnings released: S$0.018 loss per share (vs S$0.05 profit in 1H 2022)

Calculating The Fair Value Of HG Metal Manufacturing Limited (SGX:BTG)

High number of new and inexperienced directors

Less than half of directors are independent

HG Metal Manufacturing Limited Announces Management Changes

HG Metal Manufacturing Limited Appoints Ng Chuey Peng as Independent Non-Executive Director, Effective from June 22, 2023

Full year 2022 earnings released: S$0.004 loss per share (vs S$0.095 profit in FY 2021)

Insider recently sold S$108k worth of stock

There's Been No Shortage Of Growth Recently For HG Metal Manufacturing's (SGX:BTG) Returns On Capital

Full year 2022 earnings released: S$0.004 loss per share (vs S$0.095 profit in FY 2021)

Now 24% undervalued after recent price drop

Estimating The Intrinsic Value Of HG Metal Manufacturing Limited (SGX:BTG)

Now 21% undervalued

HG Metal Manufacturing Limited Announces Resignation of Shin Taeyang as Chief Executive Officer

Now 21% undervalued after recent price drop

These 4 Measures Indicate That HG Metal Manufacturing (SGX:BTG) Is Using Debt Safely

HG Metal Manufacturing (SGX:BTG) Shareholders Will Want The ROCE Trajectory To Continue

First half 2022 earnings released

HG Metal Manufacturing (SGX:BTG) Is Increasing Its Dividend To S$0.04

Full year 2021 earnings: EPS and revenues exceed analyst expectations

HG Metal Manufacturing Limited Proposes Final Cash Dividend for the Financial Year Ended 31 December 2021

HG Metal Manufacturing Limited to Report Fiscal Year 2021 Results on Feb 23, 2022

HG Metal Manufacturing Limited Recommends Final Tax Exempt (One-Tier) Cash Dividend for the Financial Year Ended 31 December 2021

Full year 2021 earnings: EPS and revenues exceed analyst expectations

We Think HG Metal Manufacturing's (SGX:BTG) Solid Earnings Are Understated

Returns Are Gaining Momentum At HG Metal Manufacturing (SGX:BTG)

Does HG Metal Manufacturing (SGX:BTG) Have A Healthy Balance Sheet?

Full year 2020 earnings released: EPS S$0.008 (vs S$0.006 in FY 2019)

HG Metal Manufacturing Limited (SGX:BTG) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

New 90-day high: S$0.22

Does HG Metal Manufacturing (SGX:BTG) Have The Makings Of A Multi-Bagger?

Full year 2020 earnings released: EPS S$0.008 (vs S$0.006 in FY 2019)

HG Metal Manufacturing Limited Appoints Royston Johns as Head of Business, Effective January 1, 2021

HG Metal Manufacturing Limited Appoints Tay Hong Kiang as Chief Financial Officer

HG Metal Manufacturing Limited to Report First Half, 2020 Results on Aug 14, 2020

Shareholder Returns

Price Volatility

About the Company

HG Metal Manufacturing Limited Fundamentals Summary

9.9x

0.4x

Earnings & Revenue