My Cart 0
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
- 25 Aug 2023 General Announcement::MINUTES OF ANNUAL GENERAL MEETING OF THE COMPANY HELD ON 28 JULY 2023
- 14 Aug 2023 Financial Statements and Related Announcement::Half Yearly Results
- 28 Jul 2023 Annual General Meeting::Voluntary
- 26 Jul 2023 General Announcement::RESPONSES TO QUESTIONS FROM SIAS IN RELATION TO THE COMPANY’S FY2022 ANNUAL REPORT
- 21 Jul 2023 General Announcement::QUESTIONS FROM SHAREHOLDERS RELATING TO THE ANNUAL GENERAL MEETING TO BE HELD ON 28 JULY 2023
- 13 Jul 2023 Financial Statements and Related Announcement::Discrepancies between unaudited and audited accounts
- 13 Jul 2023 Annual General Meeting::Voluntary
- 13 Jul 2023 Annual Reports and Related Documents::
- 12 Jul 2023 Waiver::GRANT OF SECOND EXTENSION OF TIME BY ACRA TO HOLD THE COMPANY’S ANNUAL GENERAL MEETING FOR FY2022
- 14 Jun 2023 Waiver::APPLICATION FOR A SECOND EXTENSION OF TIME TO HOLD AGM AND ISSUE SUSTAINABILITY REPORT FOR FY2022
- 31 May 2023 General Announcement::ENTRY INTO A JOINT VENTURE AGREEMENT BETWEEN GIKEN MOBILITY PTE LTD AND MUCHARGING (MACAU) LIMITED
- 9 May 23 Waiver::APPROVAL FOR EXTENSION OF TIME TO HOLD AGM AND ISSUE SUSTAINABILITY REPORT FOR THE FYE 31 DEC 2022
- 25 Apr 23 Waiver::APPROVAL FOR AN EXTENSION OF TIME BY ACRA TO HOLD THE COMPANY’S ANNUAL GENERAL MEETING FOR FY2022
- 4 Apr 23 Waiver::Application for an extension of time to hold AGM and issue Sustainability Report for FY2022
- 15 Mar 23 Financial Statements and Related Announcement::Full Yearly Results
- 10 Mar 23 Waiver::Receipt of no objection letter from SGX RegCo
- 1 Mar 23 Waiver::Application to SGX RegCo for an extension of time to announce full year financial results
- 2 Feb 23 General Announcement::MOU FOR STRATEGIC COOPERATION IN RESPECT OF EV BUSINESS IN SOUTHEAST ASIA
- 30 Jan 23 Financial Statements and Related Announcement::Profit Guidance
- 16 Jan 23 General Announcement::CHANGE OF JOINT COMPANY SECRETARY
- 28 Dec 22 General Announcement::General Announcement
- 28 Dec 22 Request for Lifting of Trading Halt::Request for Lifting of Trading Halt
- 28 Dec 22 General Announcement::TERMINATION OF CO-OPERATION AGREEMENT WITH PT SARANA GSS TREMBUL BY PT PERTAMINA
- 23 Dec 22 Request for Trading Halt::Request for Trading Halt
- 13 Oct 22 General Announcement::PRESS RELEASE
- 6 Oct 22 General Announcement::RE-ALLOCATION AND USE OF NET PROCEEDS FROM PLACEMENT
- 8 Sep 22 Response to SGX Queries::
- 13 Aug 22 General Announcement::ANNOUNCEMENT PURSUANT TO CATALIST RULE 706A
- 13 Aug 22 Financial Statements and Related Announcement::Half Yearly Results
- 10 Jun 22 General Announcement::CHANGE OF JOINT COMPANY SECRETARY
- 26 May 22 General Announcement::Minutes of Annual General Meeting
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 | Download File | Ernest Lim | Non-rated |
Stock Information
| Price | Market Cap (SGD m) | YE |
|---|---|---|
| 0.036 | 22.12m | 31/12/2022 |
Key Financial Highlights
| Key Highlights | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenue (SGD m) | 106.4 | 117.3 | 129.7 |
| Net Profit (SGD m) | 5.2 | 5.0 | 14.9 |
| Adjusted Net Profit | 5.0 | 5.0 | 2.3 |
| Net D/E | 10.2% | 4.2% | 6.4% |
Risks
Economic downturn
Loss of major customers for precision engineering
Inability to get distributors for electric motorcycles
Your Pathway to Strategic Engagement and Growth
