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Enviro-Hub Announces Record Earnings for FY2021

  • Net profit of S$6.1 million is the Group’s best performance since FY2014; Net profit to owners tripled to S$3.2 million, reversing from a loss a year ago
  • The stellar performance was driven by the Group’s e-waste recycling business and maiden contribution from newly acquired subsidiary, Pastel Glove Sdn Bhd
  • Net gearing shrunk nearly 70% from a year ago to 47%

SINGAPORE – Media OutReach – 24 February 2022 Enviro-Hub Holdings Ltd (SGX: L23) (“Enviro-Hub” or the “Company“, and together with its subsidiaries, the “Group“) has announced its financial results for the year ended 31 December 2021 (“FY2021“)

Earnings Turnaround

The Group recorded an earnings turnaround in FY2021 with a net profit of S$3.2 million, on the back of a 31% rise in revenue and expansion in gross margin from 17.0% in FY2020 to 22.8% in FY2021. The increase in revenue is mainly due to the Group’s recycling business which grew its sales by 55% year-on-year on higher sales volume of trading and precious metal sales, as well as maiden contribution of S$1.6 million from newly acquired subsidiary, Pastel Glove Sdn Bhd (“PGSB“) upon completion in Oct 2021. This is partially negated by lower piling revenue amid COVID-19 pandemic.

Gross Profit increased 77% to S$9.2 million in FY2021 because of a rise in gross profit from recycling business, but partially offset by the lower gross profit recognised from the Group’s piling and property business. General and administrative expenses increased 35% to S$5.0 million due to transaction costs from the acquisition of new subsidiary–PSGB and recognition of PGSB’s general and administrative expenses.

During FY2021, the disposal of the Group’s investment properties helped to strengthen the Group’s balance sheet ; Net gearing ratio improved to 47.3%[1] as at 31 December 2021.

Commenting on the results, Executive chairman of Enviro-Hub, Mr Raymond Ng said, “In FY2021, we remained focused on executing our long-term strategy and stepping up growth investments. The evolution of our business segments continued, putting our focus on attractive growth opportunities such as our acquisition of Pastel Glove and further expansion in healthcare segment. We are making good progress in the e-waste segment with our disciplined execution in expanding capacity and clients’ base. We continued to create value for our shareholders through prudent capital allocation and strengthen our investment strategy.”

Evolution of Healthcare Segment

The overall economic environment remains volatile and uncertain as the Covid-19 pandemic persists and we are faced with rising inflation as well as impending higher interest rates. Within this volatile background, the Group has identified the healthcare industry as a viable additional revenue stream business with sustainable growth potential. In this respect, the Group completed the acquisition of the entire stake in glove manufacturing company Pastel Glove Sdn. Bhd. during the year, and plans to expand into the pharmacy business in Malaysia in near future.

In the meantime, under current challenging conditions, the Group will stay prudent and continue to focus on its core businesses, streamline its operating costs and try to improve operating efficiency.

[1] Net gearing ratio calculated as Net Debt/Total equity. Net Debt calculated as Total loans and borrowings- cash & cash equivalents

#EnviroHub

The issuer is solely responsible for the content of this announcement.

Leading Carbon Neutrality Solutions Provider, NEFIN, to Aid Global Manufacturing Partner WIK in 70% CO2 reduction due to WIK’s solar plant and renewable energy supply

NEFIN Group is set to champion carbon neutrality in the manufacturing sector, through collaboration with manufacturing partner WIK, on a rooftop solar panel system installation in their Shenzhen factory.

HONG KONG SAR – Media OutReach – 24 February 2022 – The NEFIN Group‘s repertoire of services comprise of cutting-edge solutions that allow their partners to consume clean energy and reach their sustainability goals. The company remains committed to bolstering its mission to create a carbon-free future for its stakeholders and the communities within which they operate in. Their partnership with WIK, global, full-service development and manufacturer, serves their mission to reduce the carbon footprint produced by the manufacturing sector.

NEFIN specialises in providing a bespoke unified energy management platform committed to achieving carbon neutrality for organizations. Having collectively delivered over 3,000MW of commercial and industrial renewable energy systems in their combined portfolio regionally, they are positioned to drive the endeavour towards carbon neutrality across projects of varying scales.

Mr. Glenn Lim, Chief Executive Officer of NEFIN Group, said, “The completion and success of this project in Shenzhen marks a significant step for the two companies. It is NEFIN’s mission to help manufacturing partners like WIK to achieve their sustainable development goals. There is also a potential expansion of this project in mainland China. Photovoltaic is the first step and we will be working with WIK to explore other solutions for carbon neutrality.”

WIK is a global manufacturing partner and system solutions provider to several leading multinational corporations. Most of the MNCs are advocates of Sustainability.

Mr Christoph Dörn, CEO of WIK, commented, “Our mission to advance the world from consumption to regeneration. Partnering with NEFIN to create a green energy solution in Shenzhen is a crucial piece of that puzzle. The regenerative solar panels that NEFIN has installed at our facility makes our production more sustainable, resulting in a more responsible product on the shelf that people can be proud to purchase.”

WIK strives to further its corporate responsibility journey through the partnership with NEFIN, whose carbon neutral technologies and financing solutions will reinforce the companies’ sustainability strategy. The strategy outlines areas of improvement which WIK aims to address in the coming year which includes a massive reduction in waste production and energy use, carbon neutrality for scope one and two emissions, and moving towards achieving a circular economy.

Mr Daniel Chua, Head of Global Sourcing of WIK, mentioned: “WIK has clear sustainability strategy and we are keen to explore with NEFIN to build additional solar plants to massively reduce the carbon footprint. NEFIN has proved to WIK that they are capable of delivering the project timely and using Photovoltaic system that is safe and of high quality. We hope this long-term partnership is able to help us achieve our sustainability goals with a positive impact to the ecosystem”

The NEFIN-WIK collaboration involves the instalment of 940 solar panels on the rooftop of their factory located in Shenzhen with a system capacity of 423kWp that is able to generate 524,846kWh of green energy annually. This project helps the global manufacturer to reduce its global energy carbon footprint by approximately 70% through the use of renewable energy. As WIK looks toward achieving its renewable energy goal for 2025, the integration of additional solar panel systems across their plants will also allow them to facilitate their client’s ESG goals as the economy transits towards more sustainable modes of conducting business.

Notes to editors:
Download pictures of the project

About NEFIN Group

NEFIN Group is a regional renowned carbon neutrality solutions provider and investor with a bespoke unified energy management platform committed to achieve carbon neutrality for organizations and is backed by AC Energy. Founded by a core management team of DuPont Solar Business, the management team has grown into a well-rounded team of engineers, legal experts, investment bankers and techno-commercial experts with the combined experience of over 40+ years of project development in Asia and 50+ years of engineering experience. NEFIN Group has over 3000MW of utility-scale, commercial, and industrial rooftop solar systems in its combined portfolio regionally. As a strong cohesive team, NEFIN Group is able to offer a comprehensive 360-degree assessment and full-suite of services on socially responsible and commercially viable projects through innovative approaches to technology under its unified energy management platform. NEFIN believes the future of the world is everyone’s responsibility and strives to redefine energy boundaries towards a sustainable future.

Please refer to NEFIN’s website www.nefinco.com for more information.

About WIK
For over 70 years, WIK has been a leading manufacturer of household appliances and electronic devices, supplying their innovations to prominent brands. CEO Christoph Dörn is now leading WIK towards his sustainability-first vision: a completely circular manufacturing chain.

Beginning with ethically sourced recycled materials and ending with second-life planning for each product, WIK intends to become the global example for regenerative manufacturing. NEFIN is instrumental to this mission by supporting WIK’s goal of achieving 100% renewable energy usage at all facilities by 2025.

#NEFIN #WIK

The issuer is solely responsible for the content of this announcement.

AGON by AOC reveals the world’s first official League of Legends gaming monitor: The AGON PRO AG275QXL

AOC partners up with Riot Games

SINGAPORE – Media OutReach – 24 February 2022 – One of the world’s leading gaming monitor and IT accessories brands, AGON by AOC partnered up with Riot Games to present the first monitor inspired by League of Legends and its iconic Hextech technology. The AGON PRO AG275QXL – AGON League of Legends Edition sports a unique design and special features crafted specifically for the MOBA experience. The AG275QXL will be available from early 2022.

AOC AGON PRO AG274QXL
AOC AGON PRO AG274QXL

Unique features create the perfect experience for League of Legends fans

League of Legends is the most played PC game in the world with millions of players working together in high stakes competition. AGON by AOC has created the first monitor specifically designed to bring the best experience of the rift to players everywhere with unique features such as reactive lighting to in-game events.

Players of the renowned title will immediately notice the distinct style of the AG275QXL with its exciting Hextech inspired design that brings the world of magic & technology together.

“We are thrilled about our partnership with Riot Games and having the opportunity to combine our expertise in monitors technology with League of Legends’ magic, bringing an exciting product for the League of Legends fans”, said Kevin Wu, General Manager of MMD Singapore.

The AG275QXL offers outstanding features like the League of Legends Mode, the LoL QuickSwitch, exclusive power on/off sounds, Light FX Sync, and the LoL Signature OSD design.

Visually, the monitor is an outstanding piece that incorporates League of Legends in every aspect: The chassis and stand are embellished with elements of the iconic Hextech design seen throughout the League of Legends universe. The monitor gleams thanks to the special Light FX that syncs up with the action happening in-game. The dedicated LoL mode ensures the view of Summoner’s Rift is seen with visual clarity in mind. Players will be fully immersed with their own League of Legends monitor.

A monitor packed with the best buffs and runes

To guarantee consistent and high-end performance for both casual gamers and aspiring esports pros, the AG275QXL features top-notch specs: The 27″ Fast IPS-screen boasts a QHD resolution with a rapid refresh rate of 170Hz for the smoothest visuals even in the craziest team fights.

To eliminate stutters and tearing, the AG275QXL supports G-sync Compatible and an impeccable response time of 1ms GtG further ensure a flawless output. With VESA DisplayHDR 400, ShadowControl and the flicker free mode, players can enjoy long gaming sessions and a crystal-clear portrayal of their favourite champions diving into battle.

AGON by AOC aims to forge the right equipment for gamers to fully maximize their performance and to help them overcome challenges. The revolutionary AGON PRO AG275QXL –League of Legends Edition will be available in 2022.

For more local product information, please visit : AP.AOC.COM

Images: Download link

About AOC

Founded in 1967, AOC is a globally leading monitor and IT accessories brand and a subsidiary of TPV Technology Limited, the world’s largest LCD manufacturer. AOC’s comprehensive product portfolio provides innovative, ergonomic, environmentally conscious and stylish solutions for professional as well as personal applications.

The sub-brand of AOC, AGON by AOC, offers one of the strongest portfolios of high-performance gaming monitors in the world and a complete ecosystem of gaming accessories grouped in three categories: AOC GAMING for core gamers, AGON for competitive gamers and AGON PRO for esports enthusiasts and professional esports players. Since 2020 AGON by AOC has been the number one gaming monitor brand and top choice of gamers worldwide.

For more information, please refer to AP.AOC.COM or follow AOC Monitor on Facebook (@AOCMonitorAsiaPacific).

#AOC

About Riot Games

Riot Games was founded in 2006 to develop, publish, and support the most player-focused games in the world. In 2009, Riot released its debut title, League of Legends, to worldwide acclaim. League has gone on to be the most-played PC game in the world and a key driver of the explosive growth of esports. As League enters its second decade, Riot continues to evolve the game while delivering new experiences to players with VALORANT, Legends of Runeterra, League of Legends: Wild Rift, Teamfight Tactics, and multiple work-in-progress titles, while exploring the world of Runeterra through multimedia projects across music, comic books, and more. Founded by Brandon Beck and Marc Merrill, and led by CEO Nicolo Laurent, Riot is headquartered in Los Angeles, California, and has 2,500+ Rioters in 20+ offices worldwide.

For more information about Riot Games, visit the company’s website at riotgames.com, or follow Riot Games on Twitter, Instagram, and Facebook (@riotgames) and League of Legends on Twitter, Instagram, and Facebook (@leagueoflegends).

Laos Inflation Highest in 2 Years

Fake Lao Kip Circulating

The year-on-year inflation rate in Laos increased to 6.25 percent in January, the highest amount reported since January 2020.

Malaysia Global Business Forum (MGBF): Addressing Cyber Attacks in A Hyper Sensitive Media Environment And The Impact On Stakeholder Value

KUALA LUMPUR, MALAYSIA – Media OutReach – 24 February 2022 – Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Addressing Weaponised Information in the Media’ was held in a hybrid setting today at the Hilton Kuala Lumpur. The discussion focused on addressing one of the most relevant threats to businesses in the digital economy – cyber threats causing physical and reputational losses. In attendance as guest of honour was Rear Admiral Dato’ Shamsuddin bin Hj Ludin, Director-General (DG) of Defence Cyber and Electromagnetic Division (DG BSEP) of the Malaysian Armed Forces under the Ministry of Defence, and co-head of the cyber defence security conference and exhibition – Defence Services Asia (DSA) and NATSEC Asia 2022.

The advancement of technology coupled with a hyper connective landscape has opened the door to cybersecurity attacks that ultimately threatens both national security and the economy at large. According to a report by Malaysia Digital Corp (MDEC), Malaysia faced an estimated loss of RM51 billion last year due to cyber incursions accounting for more than four per cent of the nation’s total gross domestic product.

Nordin Abdullah, Founding Chairman of the Malaysia Global Business Forum, said, “In order to understand the business ecosystem that has become increasingly digital, leaders must understand the evolving threat matrix of the global digital economy. Insufficient cyber security frameworks coupled with the viral nature of information in the media heightens the risk of weaponised information attacks. This is the realm of competitive business behaviour and cyber criminals.”

“The problem is further intensified when the media and social media businesses maximise revenue through leveraging off crisis content that will ultimately ride on the algorithms of larger platforms. In the current digital threat matrix, business decision makers must invest in better cyber security, as well as crisis response and brand resiliency strategies. There is no solution that doesn’t involve considerable investment from all stakeholders,” continued Nordin Abdullah, who is also a crisis management analyst.

In another report, the number of web threats in Malaysia increased by 56 per cent to 28.93 million in the second quarter of last year from 18.53 million in the first quarter. The Malaysian police also reported that there were more than 4,300 cybercrime cases in the country that amounted to RM77 million in losses. This all leads to direct financial losses and the erosion of stakeholder confidence in an organisation and its leadership.

Murugason R. Thangaratnam, Executive Chairman at Advanced Security Network Sdn Bhd, in his closing remark, said, “Based on global statistics, the data over the last few years is conclusive that cyber security is a business imperative across industry sectors. Regardless of the size of your organisation, be it in the private sector or government administration, if you fall victim to a cyber-attack, it will be devastating to your reputation, financial standing and future expansion. The intended level of spending must align with your chosen level of risk and desired level of protection.”

The outcome of the discussion highlighted three critical success factors – empowering human capital, monitoring the convergence of cyber incursion and weaponised information in the media, and implementing first-level cyber defences particularly for small- and medium-enterprises (SMEs) and government-linked companies (GLCs).

Held at the Hilton Kuala Lumpur, the “Addressing Weaponised Information in the Media” discussion is the first of Malaysia Global Business Forum’s 2022 series of exclusive roundtables on “The Evolving Threat Matrix of the Digital Economy”. This series will confront critical questions impacting the future of business in the rapidly digitising world.

Speakers at the event also include Datuk Ahirudin Attan, President of National Press Club, Answer Yusoff, Head of Department (Cyber Security Industry Engagement and Collaboration) at CyberSecurity Malaysia, Dr. Kavitha Muthy, Chief Strategy Officer of Intellize Tech Services, Amitabh Srivastava, Practice Director (Cyber Security) and CISO of Abyres Holdings Sdn Bhd, and Vicks Kanagasingam, Chief Executive Officer of Censof Digital.

MGBF was established to empower stakeholders at the intersection of international and Malaysian business. Through government relations, business intelligence, advocacy, media engagement, market research, networking, advisory and business matching, MGBF will continue to explore threats and opportunities with industry leaders and policy makers to ensure that Malaysia becomes a leader in the context of Asia.

For more information visit www.MalaysiaGlobalBusinessForum.com.

About Malaysia Global Business Forum

The Malaysia Global Business Forum (MGBF) was established to empower stakeholders at the intersection of international and Malaysian business. Through government relations, business intelligence, advocacy, media engagement, market research, networking, advisory and business matching, MGBF delivers results for individuals, corporations, trade and business associations, as well as national and state governments.

For more information visit www.MalaysiaGlobalBusinessForum.com.

#MalaysiaGlobalBusinessForum

The issuer is solely responsible for the content of this announcement.

Snow and Frost as Vietnam Sees Coldest Weather In 40 Years

Vietnam faces extreme cold.
A frosted sign in northern Vietnam as the country faces extreme cold.

The bitter cold weather in northern Vietnam will continue throughout the final week of February as a new cold spell is forecast to hit the region, bringing bone-chilling temperatures.

Catherine Wong, the Hong Kong young pianist and educator, accomplishes her life through musical notes which in touch with the world stages

Nurturing talents in 1000 days to compose a new chapter for Hong Kong, China

HONG KONG SAR – Media OutReach – 24 February 2022 – Music is a universal language which carries the history and enlightens the future. As one of the most conspicuous young artists, pianists and educators in contemporary Hong Kong, Catherine Wong Tsz Fong is now actively engaged in education sector. She organizes the “Nurturing Talents in 1,000 Days” campaign and turns her personal studio into a professional piano performer training center in order to raise talents in 1,000 days and teach, perform and do publicity for them. She looks forward to cultivating publicly acknowledged outstanding performers through the campaign.

CW.jpg

1,000 days to expand the realm of art

In the 1,000 days, Catherine’s studio would run in both online and offline formats. With her strong and more than 10 years relevant experience as teaching reference, both online and offline students could learn about the pick of piano. Online workshops could reach even more learning groups. At the same time, the studio would also hold master classes and invite renowned international performers and professors to give lectures on different experiences and theories in classes. They hope to combine artistic and technological elements to make music performances more diversified, innovative and with ornamental value in order to create resonances with audiences.

Systematic training to play exciting movements

Catherine is rigorous in teaching and focuses on solid foundations through systematic fingering exercises. Playing music is like acting. Catherine’s studio also adds guided music pieces sessions to teaching, which allows students to deeply understand about the artistic conception of the music and could express the emotions and skills better during performances. With years of piano performing experiences, Catherine also offers various piano performance opportunities for her students in various venues in Hong Kong, the Greater Bay Area, overseas and even cooperate with well-known orchestras around the world. The cooperation with orchestras not only allows students to gain more experience on stage, but also trains their confidence, courage and maturity.

Spreading love and inspiring lives with music and art

Apart from piano education, Catherine still promotes charity work and supports public welfares. In each charity performances, Catherine expects her students could grab the opportunities to perform and let music meets charity to show the art inheritance. Catherine also thinks each performing experiences would inspire her students and the public to care about the society more. Along the journey with music, Catherine teaches her students the right concept of ethics, be grateful and respect their parents, and hopes to grow together with them and contribute to the society together one day. In “Nurturing talents in 1,000 days” campaign, the studio will work with different public relationship companies to help performers to create more awareness online and offline. Meanwhile, Catherine’s studio will help performers and potential students in the center to build up their image on social media. More information can be found on the website of Catherin’s studio. In this year, let us look forward to more outstanding pianists born from Catherine’s studio.

About Catherine Wong

Catherine had begun her piano lessons at age of 9 and been taught by and practiced with Professor Tin Fu, Yau since then. Earlier than 2017, Catherine also cooperated with the National Radio Company of Ukraine Symphony Orchestra and hold 4 consecutive Chinese piano concerto concerts, and performed the classic Chinese music “The Butterfly Lovers” and “Yellow River”. The performances had overwhelmed with compliments and were reported by more than a hundred of different media across the countries which truly helped to spread Chinese music farther.

She awarded as “British-Chinese Music Ambassadors” by the Queen Elizabeth II Deputy and the former Mayor of London. Back in 2019, Catherine had also been conferred as “China-Australia Music and Cultural Exchange Ambassador” in the Parliament Building by Mrs. J. Morrison, the spouse of the prime minister of Australia, Mr. John Ajaka, the President of the New South Wales Legislative Council, and Dame June Dally Watkins OAM, the Lord St. John. To recognize her achievements in the field of the music and charity, the British royal family granted the “Mulan Star” and “Art Achievement Award” to her. She also received numerous awards, such as the “Brilliant Artistic Achievement Award”, which is the highest honor awarded by the country, Ukraine; the champions of the solo and concerto of the “World Youth Festival Piano Competition”; the Bulgarian work performance award and the first runner up of the “Finland International Piano Open”, etc.

Catherine has been dedicating to spread love through music and charity work in public welfare. She has also been encouraging the public to donate since 2015 and the overall donation has been up to $10 million in just a few years. In 2018, she attended the Marriott International charity dinner and awarded as the “International Smile Operation Ambassador”. In the “15th MAHB Mr. Fashion Annual Charity Ambassador” presentation ceremony, Catherine was one of the honorable guests together with DaWei Tong and Joy Guan, etc. In 2017, the money received from the concert for 20th anniversary of the Hong Kong Special Administrative Region was donated to the Greater China Culture Global Association in Hong Kong and Communication Art Centre Education Charity Funding for charitable inheritance. In the same year, the donation received from Beijing Performing Arts was given to “Cross-strait Walk Event” for providing free diagnosis and treatments to poverty-stricken eye disease patients. Recent days after receiving numerous charitable honorary titles.

Website: https://www.catherinewong.studio/
Instagram: https://www.instagram.com/catherinewongtszfong/

#CatherineWongStudio

Get ready for a Marvelous time with Thor and Captain America at Changi Airport Terminal 3

SINGAPORE – Media OutReach – 24 February 2022 – Avengers Assemble! To promote the latest thrilling 4D movie experience in Madame Tussauds Singapore, the Avengers stars Captain America and Thor will be at Changi Airport Terminal 3, Basement 2 (beside Swensen’s) for a free photo opportunity from 25 February to 13 March 2022.

Caption
Caption

To celebrate the new thrilling experience, Madame Tussauds Singapore has collaborated with Changi Airport and Mastercard® where visitors can enjoy an exclusive 1-for-1 ticket deal to Madame Tussauds Singapore at only $44 (U.P. $88) when you spend $50^ with Mastercard® at Changi Airport public areas* from 25 February to 13 March 2022.

Experience at Madame Tussauds Singapore wind-chilling, water-soaking and face-flinching special effects as you get closer than ever before to Captain Marvel, Thor, Black Panther, Rocket, Spider-Man, Ant-Man and the Wasp as they battle Loki in a bid to save the world! Shop at Changi Airport today!

For more information on how you can feel all the action in the Marvel Universe 4D, please go to https://bit.ly/MarvelCAG. For more information on this exclusive Changi Airport offer, visit www.changiairport.com.marvel4d.

*Public areas of Changi Airport Terminals 1 and 3, not including Jewel.

^Limited to two (2) redemption for every S$50 spent in a single same-day receipt

Madame Tussauds

The ultimate celebrity experience and the world’s best known and most popular wax attraction. There are currently 23 Madame Tussauds attractions around the world. Each of the attractions is unique and tailored to the host city and visitor demographic to feature both local as well as international figures.

The result of 200 years of expertise and painstaking research every figure takes Madame Tussauds’ gifted sculptors a minimum of three months to make, and costs more than $300K (Singapore dollars). Most contemporary figures are also produced following sittings with the celebrities themselves.

Madame Tussauds Singapore
Instagram:@MTsSingapore
Facebook:@MadameTussaudsSingapore
Tik Tok: @mtssingapore
Twitter:@MTsSingapore
Hashtag: #MadameTussaudsSG