MEMIONTEC HOLDINGS Reports Q2 FY2023 Earnings Results for June 30 2023
August 21, 2023
🌥️Earnings Overview
On August 7 2023, MEMIONTEC HOLDINGS ($SGX:TWL) reported their earnings results for the second quarter of FY2023, which ended on June 30 2023. The total revenue for the quarter was SGD 27.7 million, demonstrating a 71.2% rise from the corresponding period of the previous year. Net income for the quarter also saw an increase of 24.5%, amounting to SGD 1.3 million year over year.
Share Price
On Monday, when the stock market opened, MEMIONTEC HOLDINGS was trading at SG$0.2 per share and ended the day at SG$0.2 with no change in price. This reflects an increase of 28% compared to the same period a year ago. MEMIONTEC HOLDINGS’ cash balance stands at $3 million, an increase of 24% compared to the same period a year ago.
Overall, MEMIONTEC HOLDINGS reported strong results for the second quarter of FY2023, with an increase in total revenue and EPS. This is a positive sign for the company and bodes well for future quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Memiontec Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 54.31 | 2.8 | 5.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Memiontec Holdings. More…
| Operations | Investing | Financing |
| 1.86 | -0.36 | -0.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Memiontec Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 43 | 21.82 | 0.03 |
Key Ratios Snapshot
Some of the financial key ratios for Memiontec Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.3% | 135.8% | 7.1% |
| FCF Margin | ROE | ROA |
| 3.2% | 11.9% | 5.6% |
Analysis
GoodWhale recently conducted an analysis on the financials of MEMIONTEC HOLDINGS. Our team at GoodWhale used the Star Chart to evaluate the overall financial health of MEMIONTEC HOLDINGS. According to our analysis, MEMIONTEC HOLDINGS is strong in asset, dividend, and growth, and of medium in profitability. Based on these findings, MEMIONTEC HOLDINGS is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. For investors looking for growth, MEMIONTEC HOLDINGS may be a great choice. The company has a high health score of 10/10 with regard to its cashflows and debt, lending itself to a safe ride out of any crisis without the risk of bankruptcy. Additionally, MEMIONTEC HOLDINGS’ strong assets, dividend, and growth scores make it a good option for investors looking for capital appreciation. It is important to keep in mind, however, that MEMIONTEC HOLDINGS may not be as stable as other companies due to its lower profitability score. More…
Peers
The competition in the water technology industry is fierce, with Memiontec Holdings Ltd taking on its rivals such as Hyflux Ltd, AS Tallinna Vesi, and Ranhill Utilities Bhd. All four companies are competing for market share and are looking to provide innovative solutions to the global water crisis. With new technologies, advanced engineering tools, and creative strategies, each of these companies are striving to create the most efficient and reliable water systems available.
– Hyflux Ltd ($OTCPK:HYFXF)
Hyflux Ltd is a Singapore-based water and sustainable solutions provider, focused on providing clean and accessible water resources. As of 2023, the company has a market capitalization of 36.12M, which is lower than expected from a company of such stature. Furthermore, its Return on Equity (ROE) is -192.77%, which is significantly below the industry average. This could be indicative of a challenging operating environment or simply bad management decisions. Nevertheless, the company remains committed to its mission of delivering clean and accessible water to all.
– AS Tallinna Vesi ($LTS:0JPY)
Tallinna Vesi is a public water utility that operates in the capital city of Estonia, Tallinn. The company supplies drinking water and wastewater services to the population of Tallinn. Its market capitalization as of 2023 is 225M, which is indicative of the stability and success of the company. It has a Return on Equity of 7.48%, which is quite good given its sector and suggests that the company is managed efficiently and is able to generate returns for its shareholders.
– Ranhill Utilities Bhd ($KLSE:5272)
Ranhill Utilities Bhd is an energy infrastructure provider in Malaysia, offering a wide range of services such as power, gas, and water. As of 2023, the company has a market capitalization of 798.96 million and a return on equity of 19.89%. Its market cap indicates that the company is relatively stable and financially strong and is a major player in the energy industry in Malaysia. A high return on equity indicates that the company is able to generate higher returns with its shareholders’ money, making it an attractive investment option.
Summary
MEMIONTEC HOLDINGS has reported their second quarter earnings for FY2023. Total revenue for the period was SGD 27.7 million, an impressive 71.2% increase from the same quarter of the prior year. Net income for the quarter also saw a 24.5% year over year upsurge, amounting to SGD 1.3 million.
This is an attractive sign for investors, indicating that this company is on a sound financial footing and has potential for further growth. With this in mind, investors should keep an eye on MEMIONTEC HOLDINGS and consider investing in the company as a means of profiting from their strong financial performance and potential future success.
Related Posts
Recent Posts
