Nordic is a leading automation systems integration solutions provider in Asia ex-Japan for seagoing vessels. Over 60% of white-listed PRC shipyards are its clients. Group revenue CAGR was 13.3% over the past 3 financial years, with consistent growth each year.

Group revenue reached S$72.2 million in FY2014. Net profit margin also remained stable at 8% to 11%. Net gearing is healthy, at 0.09 as at 30 June.

That is how the Group has been able to increase its dividend payout ratio from 16% in FY2013 to 40% this year.
Austin workshopAustin Energy fabrication workshop. Photo by Sim Kih

The Group sustains its earnings momentum by acquiring synergistic businesses that enhance its range of products and services, enable it to foray into new markets as well as strengthen its existing customer base.

It acquired Multiheight Group in 2011, one of the top 3 scaffolding services contractors in Singapore.

In June this year, it completed the acquisition of Austin Energy (Asia) Pte Ltd, which specialises in insulation and passive fireproofing services.  The acquisition of Austin enabled the Group to enter the pharmaceuticals industry and offer scaffolding services with insulation as a one-stop solutions.

Nordic had an order book of S$46.1 million as at July 2015.

Valve insulation boxBox for insulation of a vessel valve, fabricated by Austin Energy. L-R: FPR consultant Colin Lum, CLSA analyst Jessalyn Wong and Austin manager Pradhu. Photo by Sim Kih
Automated FabricationMetal sheets are cut into shape for the valve box using a computerised numerical cutter.
Photo by Sim Kih

Computerised fabricationA technician keys in dimensions for the required valve box. Photo by Sim Kih


Share Prices

Counter NameLastChange
AEM Holdings4.1700.050
Avarga0.290-
Avi-Tech Electronics0.3950.005
China Sunsine0.525-0.005
Food Empire0.820-
Fortress Minerals0.4000.005
Geo Energy Res0.3900.005
Golden Energy0.4300.005
GSS Energy0.0790.001
InnoTek0.775-0.005
ISDN Holdings0.6450.010
ISOTeam0.1290.009
IX Biopharma0.2400.005
Jiutian Chemical0.0890.002
KSH Holdings0.360-
Leader Env0.077-0.001
Medtecs Intl0.380-
Moya Asia0.066-0.002
Nordic Group0.365-
Oxley Holdings0.2100.005
REX International0.3550.010
Riverstone0.880-0.005
Sinostar PEC0.340-
Southern Alliance Mining0.800-0.005
Sri Trang Agro1.360-0.040
Straco Corp.0.510-
Sunpower Group0.570-0.015
The Trendlines0.1050.001
Totm Technologies0.205-
UG Healthcare0.345-
Uni-Asia Group1.4300.030
Wilmar Intl4.370-0.010
Yangzijiang Shipbldg1.4100.020

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1025 guests and no members online