|21 July 2017|
|Union Gas Holdings – Established Provider of Fuel Products in Singapore|
Leading Supplier of Bottled LPG Cylinders in Singapore
The bottled liquefied petroleum gas (LPG) cylinders, compressed natural gas (CNG) and diesel market in Singapore is mature with a number of suppliers/operators. Union Gas Holdings, with a long track record of 40 years, is one of the leading suppliers of bottled LPG cylinders with an extensive distribution reach to domestic households in Singapore. The company also supplies CNG to both retail and industrial customers in Singapore. Apart from the LPG and CNG businesses, the company also sells and distributes diesel to both retail and commercial customers.
In its offer document, Union Gas Holdings has identified some potential growth drivers for their business:
Union Gas Holdings Ltd’s Catalist IPO
Union Gas Holdings Ltd, an established provider of fuel products in Singapore with over 40 years of operating track record, makes its trading debut on Catalist today, contributing an IPO market capitalisation of S$50 million. Some key extracts from the Offer Document include:
Company’s Business Strategies and Future Plans
Competitive Strengths by Company
Some Key Risks by Company (page 39 of offer document shows complete list of risk factors)
Financials from Offer Document
Please refer to page 133 of the Offer Document for more information.
List of SGX’s 10 Largest Trading Companies & Distributors (GICS®)
Source: SGX, Bloomberg & SGX StockFacts (data as of 20 July 2017)
Additional Information from Offer Document (click here)
Union Gas Holdings is an established provider of fuel products in Singapore with over 40 years of operating track record, with three main business segments 1). Retail LPG Business; 2). CNG Business; and 3). Diesel Business. The company has also embarked on the distribution of health products and household products to domestic households in Singapore since Mar 2016 and Apr 2016 respectively as an ancillary business, which complements its Retail LPG Business through the use of its existing distribution network and fleet of more than 100 delivery vehicles.
Business Overview – 3 Segments
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