UG Healthcare Corporation Limited

PhillipCapital has downgraded its call to 'neutral'; CGS-CIMB remains slightly optimistic on the company's OBM business model.

UG Healthcare has proposed a special dividend of 32 cents per share and a final dividend of 32 cents per share.

With the global vaccine roll-out underway and Chinese glove manufacturers joining the fray, could oversupply be on the cards?

The group says it will announce a further expansion in its capacity when plans are finalised.

A special dividend of 0.105 cents per share has been declared for the 1HFY2021 reflecting the group’s improved performance.

Lee is the son of UG Healthcare’s executive director and CEO Lee Keck Keong and controlling shareholder Sim Ai Cheng.

“With its own branded gloves and distribution network, UG Healthcare should be able to monetize a larger share of supply-chain profits, starting from manufacturing to distribution,” says PhillipCapital's head of research Paul Chew.

SINGAPORE (May 13): Glove manufacturer UG Healthcare Corporation reported earnings of $0.7 million for the 3Q ended March, down 41.3% from $1.1 million a year ago due to higher operating expenses.