800 Super Holdings

800 Super posts 25% drop in 2Q earnings to $1.9 mil on higher expenses
SINGAPORE (Feb 12): Waste disposal company 800 Super Holdings saw its earnings fall 24.8% to $1.9 million for the 2Q19 ended December, compared to earnings of $2.5 million a year ago. This was mainly due to purchase of supplies and disposal charges, which nearly doubled to $11.3 million in 2Q19, from $5.7 million a year ago, due to expenses incurred in the operations of the public waste ...
800 Super upgraded to 'buy' by Phillip on recent share price slump
SINGAPORE (Sept 3): Waste disposal company 800 Super is expected to turn free cash flow positive only in FY20, according to research house Phillip Capital. In recent reports, Phillip had been stating its expectation of near-term PATMI weakness due to transitional ramp-up of new projects. Last Wednesday, shares in 800 Super slumped 26.1% to 61 cents. This is its lowest in the year to date, ...
800 Super posts 37% drop in 3Q earnings to $3.9 mil
SINGAPORE (May 11): 800 Super Holdings, the comprehensive environmental solutions provider, says 3Q18 earnings declined by 37% to $3.94 million, compared to $6.25 million in 3Q17. Revenue was 6.1% lower at $37.1 million from $39.5 million a year ago, mainly due to the completion of term contracts and the renewal of certain contracts at more competitive prices. Other income fell 32% y-o-y to ...
New projects to support 800 Super's earnings despite 2Q disappointment, says Phillip Capital
SINGAPORE (Feb 12): Phillip Capital is maintaining its “accumulate” rating on 800 Super Holdings with a target price of $1.35, or 17.8 times FY18 earnings. This comes after the waste management company last week posted a 32% drop in 2Q earnings to $2.47 million on lower revenue and higher expenses. See: 800 Super Holdings posts 32% drop in 2Q earnings to $2.47 mil In a Monday report, ...
800 Super Holdings posts 32% drop in 2Q earnings to $2.47 mil
SINGAPORE (Feb 9): 800 Super Holdings announced that its 2Q18 earnings has dropped by 32% to $2.47 million from $3.63 million in 2Q17. Revenue during the quarter declined 8.3% to $36.1 million compared to $39.4 million a year ago, mainly due to the completion of term contracts and the renewal of certain contracts at more competitive prices. Other income increased by 178.3% to $167,000 from ...
800 Super wins $194 mil public waste collection contract from NEA
SINGAPORE (Jan 12): 800 Super Holdings, the environmental services provider, has won a public waste collection licence with a contract value of $193.5 million by the National Environmental Agency (NEA).   Under the licence, the group’s wholly-owned subsidiary, 800 Super Waste Management, will provide refuse collection services to domestic and trade premises in the Pasir Ris – Bedok ...
800 Super kept at 'buy' on steady pipeline
SINGAPORE (Nov 13): Phillip Securities Research is keeping its “buy” call on environmental services provider 800 Super Holdings but lowering its target price to $1.43, down from $1.53 previously. “We like the stock for its recession-proof business model, yet with a pipeline of projects to drive medium-term growth,” says analyst Richard Leow in a report on Monday. 800 Super saw its ...
800 Super subsidiary to buy laundry firm for $5 mil
SINGAPORE (Oct 3): Wizwash, a wholly-owned subsidiary of 800 Super Holdings, has entered into a call and put option agreement to acquire a 100% stake in Iwash Laundry (Senoko) for $5.0 million. Iwash Laundry is principally engaged in the business of laundry and dry cleaning services, except coin laundries. The company owns a leasehold property with an estimated gross floor area of 2,600 sq m ...
800 Super posts 2.3% rise in FY17 earnings to $17.1 mil
SINGAPORE (Aug 24): Environmental services provider 800 Super Holdings posted a 2.3% increase in earnings to $17.1 million for the full year ended June, from $16.7 million a year ago. Revenue edged up marginally to $156.9 million in FY17, compared to $156.4 million a year ago, as revenue from new projects awarded during the year were partially offset by the completion of certain cleaning ...
800 Super clinches $133.7 mil PUB contract
SINGAPORE (Oct 27): 800 Super Holdings announced that wholly-owned subsidiary, 800 Super Waste Management, has won a contract by the Public Utilities Board for the treatment and disposal of sludge from water reclamation plants. The contract, which is valued at $133.65 million, will be for a period of 15.5 years from Nov 7 to May 6 2032, and is not expected to have any material impact on the ...