Shares & Derivatives
Nordic (SGX:MR7) – Will Contract Backlog Will Push Nordic Back Up?
By The Moss Piglet  •  June 28, 2020
Nordic Group Limited (SGX:MR7) is a global solutions provider in areas of System Integration, Maintenance, Repair, Overhaul & Trading, Precision Engineering, Scaffolding, Insulation Services and Petrochemical & Environmental Engineering Services. In 2020, they are hit by a number of issues relating to Covid-19 such as the extended closures of the Group’s operations in China and Singapore’s circuit breaker where their services to clients were halted. These factors will definitely have a negative effect on their top and bottom line results. Despite these factors, Nordic has a contract backlog of about S$98mil thanks to newly secured contracts worth S$30mil in 1Q20 and its latest acquisitions are likely to allow Nordic to have earnings growth in the coming years and emerge strong after this pandemic. A Tepid First Half The first half of 2020 should not be anything to get excited about. The results of 1H20 have not been released (Nordic changed to half yearly reporting) but according to their AGM, they have completed...
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By The Moss Piglet
This blog is named after the world’s most indestructible creature – the moss piglet, or also known as tardigrades. These microscopic animals are even more hardier than cockroaches and will continue to thrive for billions of years. The reason why this microbeast is chosen to represent this blog is that we aim to create a resilient investment portfolio for all stages of the economic cycle.
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