Singapore’s Big Winner for the Week

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800 Super Holdings Ltd (SGX: 5TG) has surged by 15% since last Friday to close at S$0.30 today. With the Straits Times Index (SGX: ^STI) gaining less than 0.1% in the same timeframe, this makes the company one of Singapore’s big winners for the week.

The company provides waste management and recycling, cleaning and conservancy, and horticultural services. Interestingly, 800 Super Holdings is one of the four licensed public waste collectors appointed by the National Environment Agency. The others are Colex Holdings Limited (SGX: 567), Sembcorp Industries Limited (SGX: U96) and Veolia ES Singapore Pte Ltd.

On Tuesday, 800 Super Holdings had announced its full year results. Revenue increased to S$115 million, a growth of 17.9% from S$97.5 million a year ago. The uptick was due to new contracts that were awarded and contracts that were re-awarded with revised pricing. Despite a 22.7% increase in staff expenses, net profit for the year had surged 56.3% to S$9 million. Consequently, its diluted earnings per share increased from 3.21 Singapore cents in the previous year to 5.01 Singapore cents this year.

A final dividend of S$0.01 per ordinary share will be dished out to shareholders, unchanged from a year ago.

As of 30 June 2014, the firm had total borrowings of of S$34.8 million and a cash balance of S$5.3 million.

Mr Lee Koh Yong, Executive Chairman of 800 Super, commented on his company’s results:

“The Group has performed well in FY2014, delivering strong results despite tight competition in the market and an increase in costs due to higher worker levy and wages. We will continue to manage our operations to provide service quality, delivery and pricing so as to continue to deliver value to our stakeholders.”

At current prices, the firm is selling for less than six times its latest earnings.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.