EGP Energy Corporation - Leading Power Transmission and Distribution Solutions Provider - Debuts on SGX

sgx.com07-29

EGP Energy Corporation is an electrical infrastructure solutions and service provider for transmission and distribution (T&D) projects in Singapore. Its expertise revolves around extra high voltage (...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2655848118?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-29 00:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2655848118","market":"nz","top_or_hot":-1,"title":"EGP Energy Corporation - Leading Power Transmission and Distribution Solutions Provider - Debuts on SGX","media":"sgx.com","content":"<div>\n<p>EGP Energy Corporation is an electrical infrastructure solutions and service provider for transmission and distribution (T&D) projects in Singapore. Its expertise revolves around extra high voltage (...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20260729-egp-energy-corporation-leading-power-transmission-and\">Source Link</a>\n\n</div>\n","source":"sgx_market_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EGP Energy Corporation - Leading Power Transmission and Distribution Solutions Provider - Debuts on SGX</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEGP Energy Corporation - Leading Power Transmission and Distribution Solutions Provider - Debuts on SGX\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-29 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.sgx.com/research-education/market-updates/20260729-egp-energy-corporation-leading-power-transmission-and><strong>sgx.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EGP Energy Corporation is an electrical infrastructure solutions and service provider for transmission and distribution (T&D) projects in Singapore. Its expertise revolves around extra high voltage (...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20260729-egp-energy-corporation-leading-power-transmission-and\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4234","symbol_name":"特殊用途房地产信托","start_time":0,"source_url":"https://www.sgx.com/research-education/market-updates/20260729-egp-energy-corporation-leading-power-transmission-and","article_id":"2655848118","we_media_id":null,"thumbnails":[],"rights":{"source":"sgx_market_highlight","url":"https://www.sgx.com/research-education/market-updates/20260729-egp-energy-corporation-leading-power-transmission-and","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2655848118","pubTimestamp":1785254400,"columns":[],"sourceInfo":{"source_id":"sgx_market_highlight","name":"SGX Research"},"weMediaInfo":null,"summary":"EGP Energy Corporation is an electrical infrastructure solutions and service provider for transmission and distribution (T&D) projects in Singapore. Its expertise revolves around extra high voltage (E","collect":0,"end_time":0,"defaultTopTitle":"sgx.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4234":"特殊用途房地产信托","EGP":"EastGroup Properties Inc","BK4171":"工业房地产投资信托","KCE":"SPDR KBW Capital Markets ETF","INDS":"PACER INDUSTRIAL REAL ESTATE ETF","EGX.SI":"EGP ENERGY CORP","SPRE":"SP Funds S&P Global REIT Sharia ETF","BK4183":"个人用品","PW":"Power REIT","BK4224":"工业房地产信托","EPC":"Edgewell Personal Care Co","BK4084":"特种房地产投资信托","IPO":"Renaissance IPO ETF"},"translate_title":"EGP Energy Corporation - 领先的输配电解决方案提供商 - 在新交所首次亮相","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EGP":1.5,"EGX.SI":0.9,"SPRE":0.6,"PW":1.5,"IPO":0.63,"KCE":0.63,"INDS":0.6,"EPC":1},"content_text":"EGP Energy Corporation is an electrical infrastructure solutions and service provider for transmission and distribution (T&D) projects in Singapore. Its expertise revolves around extra high voltage (EHV) /high voltage (HV) power transmission and medium voltage (MV) distribution network projects.EGP Energy Corporation is raising approximately S$30.6 million in gross proceeds from the Offering and the Cornerstone Tranche. Based on the offer price of S$0.51 per share, it has an IPO market capitalisation of around S$115.0 million.The Group does not have a fixed dividend policy, but the Directors intend to recommend up to 40.0% of net profit after tax attributable to Shareholders as dividends for FY2026 and FY2027 EGP Energy Corporation is an electrical infrastructure solutions and service provider for T&D projects in Singapore, with extensive expertise in EHV/HV power transmission and MV distribution network projects.Transmission and distribution are two key stages in the delivery of electricity from generation sources to end-users. Transmission focuses on moving bulk electricity over long distances through EHV/ HV transmission networks, while distribution steps down the voltage and delivers electricity through MV distribution networks to local areas and individual consumers.The Group specialises in providing engineering, procurement and construction (EPC) management services for T&D projects including:Project design, supplying, installing, positioning, as well as testing and commissioning of electrical equipmentConsulting on T&D projects including protection and control systemsProject managementMaintenance and servicing for T&D assets such as inspections, testing and diagnostics The Group accounted for approximately 24.9% market share of the EHV and HV switchgear and transformer market in Singapore in 2025, according to an independent market research report by Frost & Sullivan.  EPG Energy held a market-leading position in the EHV and HV switchgear segment, with an estimated market share of 37.5%.EGP Energy has two reporting segments being i) power transmission and distribution(T&D); and ii) maintenance and services (M&S), with over 50 per cent of revenue coming from the T&D segment in the past three FYs. All its revenue was from Singapore in FY 2024 and 2025.EGP Energy is raising gross proceeds of S$30.6 million and net proceeds of S$27.4 million from the Offering and the Cornerstone Tranche. Around half of the gross proceeds is intended to fund the expansion of product offerings and customer base, and to enhance capabilities in maintenance services, digitalisation and intelligent technologies. The remainder would be used to fund expansion into Malaysia and Indonesia, as well as for general corporate and working capital purposes.Competitive Strengths based on the IPO Prospectus Experienced, dedicated and founder-led management team, including a CEO with over 30 years of experience in the electrical infrastructure industry, and a management team that has established strong relationships with key stakeholders in the T&D supply chain including regulators and suppliers. Established track record in the T&D industry, holding the L6 SY04 unlimited bidding category under the BCA registration framework – the highest contractor qualification in Singapore’s regulated T&D market. The Group is also ISO 14001:2015, 45001:2018 and 9001:2015 accredited for conformity with industry standards in relation to the supply, installation, commissioning, maintenance and services of high voltage electrical equipment and systems.Substantial barriers to entry in the T&D industry. According to the Independent Market Research Report, the T&D market in Singapore is highly regulated and concentrated. The key barriers limiting new entrants and foreign players from competing effectively include stringent approval and pre-qualification requirements, exceptionally high technical, safety and compliance standards, urban density, land constraints and complex infrastructure requirements and the need for established relationships with customers and suppliers.Strong financial position to support growth and operations, with disciplined cost management, effective working capital management and a track record of generating operating cash flows. This allows the Group to undertake projects of varying scale and complexity, including capital-intensive T&D projects which require upfront procurement of equipment and deployment of resources.  Key Strategies Expansion of product and service offerings to include environmentally friendly T&D solutions through working with customers and suppliers to develop transformers that are customized to be more environmentally friendly, with a lower global warming potential index.Increase business volume with existing and new customers in high growth private sectors, leveraging existing sales and operational capabilities to explore and develop new business opportunities. The Group plans to target high-growth industries including data centre infrastructure, specialised manufacturing, semiconductor production and pharmaceuticals.Enhance maintenance capabilities through digitalisation and intelligent technologies by exploring opportunities to progressively integrate monitoring technologies, data analytics, and AI-assisted diagnostics into their maintenance framework.Expand geographical reach into Malaysia and Indonesia, leveraging on existing operational expertise and established relationships with equipment manufacturers to target both the private sector and public or government-linked entities. Key Risks (Refer to page 12 of the IPO Offer Prospectus for the full list)Reliant on a major customer and any disruption or termination of business relationship[RL1]  may adversely affect financial condition and results of operations. The Key Utility Customer accounted for approximately 37.2%, 47.1% and 80.5% of  FY2023, FY2024, FY2025 revenue respectivelyBusiness is tender-based, project-driven and non-recurring in nature, revenue may be volatile and there is no assurance on ability to secure new projects.May face claims for defects liability or disputes with customers in relation to defective works and may have to bear losses in relation to third-party claims if any equipment integrated into their projects is subject to such claims and they are unable to obtain recourse from their suppliers.May not be successful in implementing business expansion strategies given the highly competitive, highly regulated nature of the T&D industry.  Financials & ValuationRevenue grew by 132.8% from approximately S$16.3 million in FY2023 to S$38.0 million in FY2024 and further increased by 2.6% to approximately S$39.0 million in FY2025.The Group has a S$282.1 million order book slated for progressive completion through 2031.Gross profit grew by 99.0% from approximately S$5.8 million in FY2023 to S$11.7 million in FY2024 and further increased by 23.4% to approximately S$14.4 million in FY2025.Over the same period, net profit grew from S$4.1 million in FY2023 to S$10.3 million in FY2025. Based on the post-offering share capital, EGP’s earnings per share was 4.57 cents in FY2025, giving it a trailing PE ratio of 11.2.The Group does not have a fixed dividend policy but its Directors intend to recommend up to 40.0% of net profits after tax attributable to Shareholders as dividends for each of FY2026 and FY2027, subject to factors including cash and retained earnings, actual and projected financial performance, projected capital expenditure and expansion plans, working capital requirements and general financial condition, and any terms of their borrowing agreements.  IPO Details Offer price at S$0.51 per share.18.8 million shares offered comprising:17.8 million shares under the placement tranche 1.0 million shares under the public offerEstimated IPO market capitalisation, based on post-Offering share capital of 225.5 million shares is S$115.0 million.Use of proceeds primarily for: Expansion of product offerings and customer base, and to enhance capabilities in maintenance services, digitalisation, and intelligent technologiesExpansion of their geographical reach into Malaysia and IndonesiaGeneral corporate and working capital purposesThe following Cornerstone Investors subscribed to 41.2 million shares at the Offer Price:Amova Asset Management Asia LimitedAvanda Investment Management Pte. LtdGinko-AGT Global Growth FundValue Partners Hong Kong LimitedWhitefield Capital Management Pte Ltd Did you know?EGP Energy Corporation Executive Chairman and CEO, Mr Frankie Fan has over 30 years of experience in the electrical infrastructure industry. The team established a reputation as a reliable EPC specialist in the T&D industry, built on consistent and timely delivery of high-quality projects, across a spectrum of voltages in Singapore.Enjoying this read?Subscribe now to our SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.0","shortVersion":"4.47.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2655848118","isCrawlerRequest":true}