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BH Global
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Another Gem
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bsiong
Supreme |
30-Dec-2010 10:08
Yells: "The Greatest Wealth is Health" |
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BH Global Marine Limited (the “Company”) announced that its subsidiary, Z-Power Automation Pte. Ltd. (“Z-Power”) has signed a Memorandum of Understanding (“MOU”) with IMESA S.P.A. (“IMESA”) to explore and discuss in detail opportunities for combining their skills, products and services, on a project basis, to the mutual benefits of both Parties. Z-Power is a company incorporated in Singapore principally engaged in the business of design, manufacture, supply and support of marine low voltage switchboards, remote control distribution systems and other integrated marine automation products. IMESA is a company established in Italy which has expertise in the design, engineering, manufacture, supply and support of low and medium voltage switchboards and electrical control systems for marine and offshore applications. /sgxmasnet/ |
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edwinjup
Master |
23-Sep-2010 19:13
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bought some today waiting for taiwan listing, anyone like to join the q or already in the q, would like to comment on this counter? thanks |
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el7888
Veteran |
24-Jul-2009 08:49
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The Straits Times / The Business Times News On BH Global MarineBH Global Marine remains profitable in 2QFY2009 amidst market uncertaintyNet profit stands at S$4.0 million at a healthy margin of 15%.Jul 16, 2009 AsiaOne SINGAPORE - BH Global Marine Limited, a supply chain management company specialising in premium lightings, cables and electrical equipment for the marine and oil & gas industries registered a net profit attributable to shareholders of S$4.0 million.
For the second quarter ended 30 June 2009 ('2QFY09'), revenue has slipped by 4% to S$26.1 million, mainly due to the drop in average selling price of marine cables and accessories as a result of lower copper price (main component of cables) and a stronger USD. Marine cables and accessories accounted for 62% of total revenue, and registered a 24% decline as compared to 2QFY2008. The decrease was in spite of higher sales volume generated, as the Group stepped up its marketing effort to gain more market share. In contrast, revenue from marine lighting equipment and accessories increased by a steady 13% due to additional projects secured. In terms of profitability, gross profit dropped by 9% from S$10.3 million in 2QFY08 to S$9.3 million in 2QFY09 which was in line with the lower revenue as well as the lower gross margin fetched by the new marine switchboards and services segment. In addition, the margin was impacted by the utilisation of inventory previously purchased at higher cost, due to the sharp hike in copper prices in 2008. Despite all the above factors, the gross margin remained healthy at 36%. Net profit attributable to shareholders decreased by 30% to S$4.0 million, representing a net margin of 15%. As compared to the immediate past quarter ('1QFY2009'), the top line and bottom line performance has improved respectively. To ride the economic downturn, BH Global strives to maintain a healthy balance sheet with low level of gearing. As at 30 June 2009, the net asset value per share stands at $0.16, which is on par with the financial position at the beginning of FY2009, while net operating cash flows remain positive. As part of the Group's continuous effort in improving stock management, inventory turnover days improved from 254 days in FY2008 to 235 days as at 30 June 2009. The Group currently has unutilised trade facilities of S$20 million, which will enable the BH Global to weather the current economic crisis. Going forward In the marine and offshore industry, market observers have raised concerns over the uncertainties and low visibility within the near short term, yet the long term prospects are expected to remain intact on the back of strong global oil demand and accelerating depletion of the reserves. As long as the levels of marine and offshore activities remain sustainable in the region, this would translate into continuous demand for the Group's wide range of products. 'As we step into the second half of FY2009, we are determined to focus on what we do best ' continue to enhance our core strengths and strategic positioning in marine electrical solutions, while at the same time cut down unnecessary costs to achieve margin expansion. This, we believe, should be the basic strategy for the Group to maximise our resources and efficiency to the best interest of our shareholders,' said Mr Vincent Lim, Chief Executive Officer of BH Global. The Group continues to adopt a conservative approach in managing its supply chain business in view of the weak economic climate across the regions. |
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focusy
Senior |
17-Jan-2009 14:15
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BH Global had a reasonably strong Q4 & offers 1.2 ct dividend just like last year. slowdown in the orders for new vessels in the region over the recent months. However, as the number of vessels in the maritime industry has significantly increased over the past few years, the demand in ship repair and conversion projects is expected to cushion the drop in new
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RQJP68
Member |
17-Feb-2008 14:07
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Friday was the ex-date for bonus issue . In fact the share price rose by 3 cents |
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tantart
Member |
17-Feb-2008 09:34
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observe observe and observe | |
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august
Senior |
16-Feb-2008 15:28
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Hi, BH Global share plunge yesterday.. was there a right issue or sth ? can somebody shed some lights ? Thanks, |
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ah_bui
Member |
18-Jan-2008 20:22
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 if u didnt go into this counter today, its still not too late on monday morning!
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cyjjerry85
Elite |
18-Jan-2008 02:29
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overpowering market sentiments still might possibly rules over a single counter good news... | |
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joshlai86
Veteran |
18-Jan-2008 01:44
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y do u say so, 24 jan is nxt week, still too early to cheong. no reason to cheong as well, market going south again tomorrow. | |
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ah_bui
Member |
17-Jan-2008 20:51
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The Board of Directors of BH Global Marine Limited wishes to announce that theCompany will release its full-year financial results for the year ended 31December 2007 via SGXNet after trading hours on 24 January 2008.
99.99% chiong tmr! |
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9laicce
Member |
09-Jan-2008 22:09
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Ai yo.. what happen to this one? Keep going down... I thot got bonus share? no news yet... Sian... Losing patience.. | |
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gutman
Member |
29-Nov-2007 13:48
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Should be worthwhile to collect since the price did not move after proposing bonus issue. | |
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9laicce
Member |
28-Nov-2007 17:22
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Even good stock like BH global after announcing good news also dropped..
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joshlai86
Veteran |
27-Nov-2007 23:05
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bonus shares will improve the shares marketability, and possibly attract institutions to invest. BH global likely to rise tomorrow and the lead up to the bonus issue. | |
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ah_bui
Member |
27-Nov-2007 17:51
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BH has proposed issuance of 140million bonus shares. issit considered good news since price will usually dropped rite? |
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mikewb21
Member |
06-Nov-2007 17:14
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BH will post stellar results.... |
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ah_bui
Member |
02-Nov-2007 22:33
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seems like vol traded from yest and today is quite a number.. | |
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ah_bui
Member |
17-Oct-2007 21:45
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just heard from someone that BH is going to disribute bonus shares.. is this true ? If distribute bonus shares , price will usually drop and u will get free additional shares? so, is this good news? |
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ah_bui
Member |
13-Oct-2007 21:21
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It's BH time! i predict BH will shoot up north to >$1 by next wk ! vested! | |
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