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Last $0.06 SGD
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As of 5:04 AM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

hg metal manufacturing ltd (HGM) Snapshot

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hg metal manufacturing ltd (HGM) Details

HG Metal Manufacturing Limited, an investment holding company, manufactures and trades steel products primarily in Singapore, Brunei, Malaysia, and Indonesia. The company operates in two segments, Trading and Manufacturing. It provides various steel products for a range of industries and applications comprising non-anodize aluminum products, angles, beams, caging products, channels, chequered plates, circular section pipes, cold rolled steel, cut and bends, electro-galvanized steel, flat bars, galvanized gratings, galvanized plates/sheets, hollow sections, hot dipped galvanized steel plates, rebar accessories, reinforcing bars, round bars, sheet piles, silicon steel, square bars, stainless steel, tee bars, and trolley tracks. The company is also involved in the provision of engineering and sandblasting services; the wholesale and distribution of a range of metals and fabricated metals; and the rental of metal plates. HG Metal Manufacturing Limited offers its customized steel solutions for diversified industries, including energy, transportation, marine, electronics, and other sectors. It also exports its products to Sri Lanka, Thailand, Myanmar, Vietnam, New Zealand, Australia, and Papua New Guinea. The company was founded in 1971 and is headquartered in Singapore.

Founded in 1971

hg metal manufacturing ltd (HGM) Top Compensated Officers

Chief Executive Officer and Managing Director
Total Annual Compensation: $390.5K
Compensation as of Fiscal Year 2013.

hg metal manufacturing ltd (HGM) Key Developments

HG Metal Manufacturing Limited Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

HG Metal Manufacturing Limited reported unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of SGD 187.850 million against SGD 266.046 million a year ago. Loss before tax was SGD 16.934 million against profit before tax of SGD 3.204 million a year ago. Loss attributable to owners of the company was SGD 16.090 million or 1.46 cents per diluted share against profit attributable to owners of the company of SGD 3.410 million or 0.32 cents per diluted share a year ago. Net cash flows generated from operating activities was SGD 65.274 million against net cash flows used in operating activities of SGD 34.212 million a year ago. Purchase of property, plant and equipment was SGD 0.986 million against SGD 4.140 million a year ago. Purchase of intangible assets was SGD 0.010 million against SGD 0.036 million a year ago. Net asset value per ordinary share was 10.51 cents against 12.86 cents a year ago. The decrease of revenue in fiscal year 2014 was attributed to 23% reduction in sales volume and declined steel prices.

HG Metal Manufacturing Limited to Report Fiscal Year 2014 Results on Feb 17, 2015

HG Metal Manufacturing Limited announced that they will report fiscal year 2014 results on Feb 17, 2015

Hg Metal Manufacturing Limited Appoints Jeffrey Leong as Head of Sales, Effective Jan. 30, 2015

HG Metal Manufacturing Limited announced the appointment of Jeffrey Leong as head of sales, effective Jan. 30, 2015. Mr. Jeffrey Leong was transferred from the subsidiary, Niho (S) Pte Ltd. to the Holdings Company in February 2014 responsible of the sales and marketing of the flat and long products, strategising the Group's market position, developing new market opportunities, as well as formulating sales policies and procedures to improve efficiency and provide better customer service. From 1997 to 2014, he was founder and the executive director of Niho (S) Pte Ltd.


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