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Last $0.11 SGD
Change Today 0.00 / 0.00%
Volume 0.0
As of 9:27 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

union steel holdings ltd (USH) Snapshot

Open
$0.10
Previous Close
$0.11
Day High
$0.11
Day Low
$0.10
52 Week High
08/5/14 - $0.14
52 Week Low
06/16/15 - $0.10
Market Cap
42.5M
Average Volume 10 Days
22.1K
EPS TTM
$0.0069
Shares Outstanding
393.8M
EX-Date
03/11/15
P/E TM
15.7x
Dividend
$0.0005
Dividend Yield
2.78%
Current Stock Chart for UNION STEEL HOLDINGS LTD (USH)

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union steel holdings ltd (USH) Details

Union Steel Holdings Limited, an investment holding company, engages in the collection and recycling of ferrous and non-ferrous scrap metals in Singapore, Malaysia, Indonesia, Korea, China, India, Taiwan, Thailand, Bangladesh, Japan, and internationally. The company operates in four segments: Recycling Sales, Trading Sales, Scaffolding Services, and Others. It imports and exports scrap iron and steel, and ferrous and non-ferrous metals. The company also sells ferrous scrap comprising steel and heavy melting scrap metals; and non-ferrous scrap metals, such as copper, aluminum, zinc, and lead to steel mills, foundries, international traders, and metal brokers. In addition, it trades steel and stainless steel products, which include reinforcement steel bars, H-beams, I-beams, pipes, steel plates, sheet piles, and wire rods for construction and engineering industries. Further, the company rents sheet piles, steel plates, and beams to the construction and engineering industries; and offers cut and bend services for reinforcement bars and rods. Additionally, it is involved in the provision of scaffolding services and related consultancy services; sale and rental of scaffolding materials; and supply of skilled workers. The company also leases industrial properties; and offers waste collection and management, and building demolition services. Union Steel Holdings Limited was founded in 1984 and is based in Singapore.

Founded in 1984

union steel holdings ltd (USH) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

union steel holdings ltd (USH) Key Developments

Union Steel Holdings Limited Resignation of Chang Yeh Hong as Independent Director

The Board of Directors of Union Steel Holdings Limited announced that Mr. Chang Yeh Hong has resigned as an Independent Director of the company and ceased to be the Chairman of the Nominating Committee and member of the Audit Committee and Remuneration Committee with effect from 30 June 2015.

Union Steel Holdings Limited Announces Unaudited Group Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015

Union Steel Holdings Limited announced unaudited group earnings results for the third quarter and nine months ended March 31, 2015. For the third quarter, the company reported revenue of SGD 30,961,000 against SGD 37,716,000 a year ago. Loss from operations was SGD 424,000 against profit from operations of SGD 1,123,000 a year ago. Loss before income tax was SGD 662,000 against profit before income tax of SGD 880,000 a year ago. Net loss attributable to equity holders of the company was SGD 670,000 against net income attributable to equity holders of the company of SGD 1,043,000 a year ago. Revenue decreased by approximately SGD 6.8 million or 17.9% in the third quarter of 2015, and this was mainly due to decreased revenues from its recycling and trading business segments, plus decreased revenues from its Malaysia entity. For the nine months, the company reported revenue of SGD 105,872,000 against SGD 101,306,000 a year ago. Income from operations was SGD 1,844,000 against SGD 3,869,000 a year ago. Income before income tax was SGD 1,113,000 against SGD 3,150,000 a year ago. Net income attributable to equity holders of the company SGD 848,000 or 0.22 cents per fully diluted basis share against SGD 2,433,000 or 0.62 cents per fully diluted basis share a year ago. Net cash generated from operating activities was SGD 17,983,000 against SGD 5,229,000 a year ago. Purchase of property, plant and equipment was SGD 4,461,000 against SGD 5,206,000 a year ago. Revenue increased by approximately SGD 4.6 million or 4.5% in the nine months of 2015, and this was mainly due to the revenue contribution from its Malaysia entity in the nine months of 2015, despite a decrease in recycling and trading business segments. Net cash generated from operating activities was as mainly due to operations from the metal recycling & scaffolding segments.

Union Steel Holdings Limited Provides Unaudited Earnings Guidance for the Third Quarter and Nine Months Ended 31 March 2015

Union Steel Holdings Limited provided unaudited earnings guidance for the third quarter and nine months ended 31 March 2015. For the quarter, the company expects to report a net loss for third quarter of fiscal year 2015. The expected net loss for third quarter of fiscal year 2015 is mainly attributable to the slowdown in market demand for steel products and related services. For the nine months, the group expects to remain profitable for nine months of 2015. The group is still in the process of finalising its unaudited financial results for nine months 2015.

 

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Industry Analysis

USH

Industry Average

Valuation USH Industry Range
Price/Earnings 14.6x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 14.6x
TEV/Sales NM Not Meaningful
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