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gallant venture ltd (1GV) Details

Gallant Venture Ltd., an investment holding company, operates as a commercial development and management company in Batam Island and Bintan Island, Indonesia. It operates in four segments: Utilities, Industrial Parks, Resort Operations, and Property Development. The Utilities segment provides electricity and water supply, telecommunications services, and waste management and sewage treatment services to the industrial parks in Batam Island and Bintan Island, as well as resorts in Bintan Island. This segment also operates 29 generators and 3 water treatment plants, as well as 2 large reservoirs, which produce approximately 160MW of electrical power and 25,000 cubic meters of clean water per day for its customers. The Industrial parks segment engages in the development, construction, operation, and maintenance of industrial properties, as well as supports infrastructure activities. The Resort Operations segment offers services to resort operators in Bintan, including ferry services, ferry terminal operations, property rental, workers accommodation, fire fighting, security, vector monitoring, environment, and medical support services. This segment also conducts estate management and township maintenance services, such as road maintenance and drainage, as well as operates a 24-hour crisis center. The Property Development segment engages in developing industrial and resort properties. The company was incorporated in 2003 and is headquartered in Singapore.

Founded in 2003

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gallant venture ltd (1GV) Key Developments

Gallant Venture Ltd Reports Unaudited Group Earnings Results for the First Quarter Ended March 31, 2013

Gallant Venture Ltd. reported unaudited group earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s revenue was SGD 41,458,000 against SGD 43,606,000 a year ago. Loss before tax was SGD 755,000 against profit before tax of SGD 186,000 a year ago. Loss after tax for the period was SGD 3,619,000 against profit after tax SGD 2,281,000 a year ago. Loss attributable to equity holders of the company was SGD 3,292,000 or 0.14 cents basic per share against SGD 1,850,000 or 0.08 cents basic per share a year ago. Net cash generated from operating activities was SGD 1,761,000 against net used in operating activities of SGD 23,937,000 a year ago. Acquisition of property, plant and equipment was SGD 2,288,000 against SGD 2,384,000 a year ago.

Gallant Venture Ltd, Annual General Meeting, Apr 30, 2013

Gallant Venture Ltd, Annual General Meeting, Apr 30, 2013., at 15:00 Singapore Standard Time. Location: Amara Singapore Hotel, Ballroom 1, Level 3. Agenda: To consider audited financial statements of company for the financial year ended December 31, 2012 together with the reports of the Directors and Auditors there on; to approve the Directors' fees; to consider re-election of Directors of the company; to re-appoint Foo Kon Tan Grant Thornton LLP as Auditors; to consider the authority to allot and issue shares; to consider the adoption of the new IPT mandate for interested person transactions; to consider the renewal of the share purchase mandate; and to transact any other business which may be properly transacted at an Annual General Meeting.

Gallant Venture Ltd, Special/Extraordinary Shareholders Meeting, Mar 28, 2013

Gallant Venture Ltd, Special/Extraordinary Shareholders Meeting, Mar 28, 2013., at 10:00 Singapore Standard Time. Location: Amara Singapore Hotel, Ballroom 1. Agenda: To consider approval of the acquisition of shares in the capital of IMAS; and to consider approval of the proposed rights issue.

 

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Valuation 1GV Industry Range
Price/Earnings 72.8x
Price/Sales 4.0x
Price/Book 0.6x
Price/Cash Flow 145.6x
TEV/Sales 6.3x
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