GSS Energy
About GSS Energy
Established in 1979, GSS Energy is an established precision engineering group with 9 manufacturing facilities across Singapore, Indonesia and China. The Group also has a free profit carry for its stake at the Trembul Operation oil field in Indonesia. In 2021, the Group successfully launched its first electric motorcycle under the historic Iso Brand, in partnership with Ferruccio Lamborghini (The Lamborghini Family)
FY2022 Results Announcement
Est 28 Feb 2023
FY2020 Annual Report
Recent Developments
-
15 Mar 23
-
10 Mar 23
-
1 Mar 23
-
2 Feb 23
-
30 Jan 23
-
16 Jan 23
-
28 Dec 22
-
28 Dec 22
-
28 Dec 22
-
23 Dec 22
-
13 Oct 22
-
6 Oct 22
-
08 Sept 22
-
13 Aug 22
-
13 Aug 22
-
10 Jun 22
-
26 May 22
-
29 Apr 22
-
21 Apr 22
-
19 Apr 22
-
19 Apr 22
-
18 Apr 22
-
14 Apr 22
-
14 Apr 22
-
14 Apr 22
-
31 Mar 22
-
31 Mar 22
-
31 Mar 22
-
31 Mar 22
-
31 Mar 22
-
31 Mar 22
-
31 Mar 22
-
31 Mar 22
-
24 Mar 22
-
10 Mar 22
-
1 Mar 22
-
22 Feb 22
-
21 Jan 22
-
19 Jan 22
-
19 Nov 21
-
19 Nov 21
-
19 Nov 21
-
6 Sep 21
Investment Merits
- Precision Engineering to underpin stable profit base
- Focus on ODM products to further drive sales and margin expansion for Precision Engineering
- Potential risk free upside from O&G business from 2H2022
- Significant upside potential from Electric Motorcycle Development
In The News
Research
| Brokerages/Blog | Report | Analysts | Recommendation | TP |
|---|---|---|---|---|
| ernest15percent | Ernest Lim | Non-rated |
Stock Information
| Price | 0.048 |
|---|---|
| Market Cap (SGD m) | 29 |
| YE | 31/12/2022 |
Key financial highlights
| Key Highlights | 2019 | 2020 | 2021 |
|---|---|---|---|
| Revenue (SGD m) | 97.6 | 106.4 | 117.3 |
| Net Profit (SGD m) | 1.4 | 5.2 | 5.0 |
| Return on Equity | 2.8% | 9.7% | 8.3% |
| Net D/E | -6.4% | 10.2% | 4.2% |
Risks
Economic downturn
Loss of major customers for precision engineering
Inability to get distributors for electric motorcycles