SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

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Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<h2>10 Questions for Enviro-Hub Holdings</h2>
Company Overview Enviro-Hub Holdings Ltd (Enviro-Hub) has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub diversified into the healthcare business with its investment in Malaysian glove manufacturer, Pastel Glove Sdn. Bhd., marking the Group’s foray into the glove manufacturing and healthcare consumables sectors. <a href="https://www.sgx.com/securities/equities/L23" target="_blank" rel="noopener">Link to StockFacts company page</a>
<ol>
<li>With a diverse portfolio, how does the Group ensure that synergy between the various subsidiaries is maintained?</li>
</ol>
<ul>
<li>Enviro-Hub’s businesses include (i) trading, recycling and refining of e-waste/metals; (ii) piling contracts, construction, rental and servicing of machinery; (iii) property investments and management; and (iv) plastics to fuel refining.</li>
<li>Going forward, the Group will be focusing on 2 main business segments - recycling of e-waste and the supply of healthcare products.</li>
<li>The Group’s recycling segment collects most of the e-waste from large multinational corporations (MNCs) with electronics manufacturing, who require equipment such as gloves and personal protective equipment (PPE) in their manufacturing process. With the acquisition of Pastel Gloves, the Group has plans to expand product range to include PPE and sees significant cross-selling potential across the business segments.</li>
</ul>

10 Questions for Enviro-Hub Holdings
Company Overview Enviro-Hub Holdings Ltd (Enviro-Hub) has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub diversified into the healthcare business with its investment in Malaysian glove manufacturer, Pastel Glove Sdn. Bhd., marking the Group’s foray into the glove manufacturing and healthcare consumables sectors. Link to StockFacts company page

With a diverse portfolio, how does the Group ensure that synergy between the various subsidiaries is maintained?


Enviro-Hub’s businesses include (i) trading, recycling and refining of e-waste/metals; (ii) piling contracts, construction, rental and servicing of machinery; (iii) property investments and management; and (iv) plastics to fuel refining.
Going forward, the Group will be focusing on 2 main business segments - recycling of e-waste and the supply of healthcare products.
The Group’s recycling segment collects most of the e-waste from large multinational corporations (MNCs) with electronics manufacturing, who require equipment such as gloves and personal protective equipment (PPE) in their manufacturing process. With the acquisition of Pastel Gloves, the Group has plans to expand product range to include PPE and sees significant cross-selling potential across the business segments.


10 in 10 with Enviro-Hub Holdings - New Player in Glove Industry

<figure class="editor-figure mceNonEditable"><img src="https://api2.sgx.com/sites/default/files/2021-04/Capture_21.PNG" class="editor-image img-responsive"></figure>
<div class="content-caption">EHH CEO</div>

Having grown up in a family of rag-and-bone traders, it’s not surprising that Raymond Ng, Executive Chairman of SGX-listed Enviro-Hub Holdings Ltd, has made recycling and waste management his life’s work.
During his teens, Ng used to accompany his father, a “karung guni” or junk dealer who drove around neighbourhoods in a truck to collect discarded or used items destined for dumpsites and recycling plants. “That was my first introduction to the concept of recycling,” he recalled.
After leaving school, Ng joined the Singapore Armed Forces (SAF), where he discovered his talent as an auto mechanic. But the recycling business was never far from his mind.
Years later, when Ng’s brothers invited him to join the family’s “karung guni” business, he agreed, on one condition - that they switch to recycling electronic waste. “That was how I ventured into the e-waste management industry,” he added.
Towards the end of 2004, Ng launched a mandatory general offer for listed piling and construction firm Leong Hin Holdings, after injecting two e-waste recycling businesses - HLS Electronics and Cimelia Resource Recovery - into the company.
In 2005, the Group was renamed Enviro-Hub Holdings to reflect its new focus as an integrated environmental services hub, providing environmental management solutions and services to the global Electronics, Electrical and Equipment (EEE) industries.
“I strongly believe that if you reduce wastage, it will mean better health for yourself and everyone else. Reducing, reusing and recycling is still the best way forward - it makes us more environmentally conscious and responsible,” noted Ng, who has more than three decades of experience in the recycling industry, and nearly two decades of exposure to the real estate sector.
“Less waste, more health means it’s more sustainable for the earth and the environment. And if you make a profit out of it as well, so much the better!”
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of electronics waste (e-waste/metals), piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining.
E-waste is trash generated from surplus, broken, and obsolete electronic devices. Recycling e-waste facilitates the recovery of valuable metals and other materials from electronics devices, thus saving energy, reducing pollution, and conserving landfill space.
Enviro-Hub possesses a seamless value creation chain in its environmental management solutions and services. Its businesses focus on sustainable living, and include the provision of total WEEE (waste electronics, electrical and equipment) solutions, recovery and refining of platinum group metals, as well as recycling of ferrous and nonferrous metals. These are part of the Group’s efforts to create a sustainable future and reinforce its brand around the globe.
Booming Glove Demand
In the meantime, COVID-19 has also reinforced the impetus for recycling amongst corporations. “There’s even more consciousness now of the need to recycle, as well as issues concerning sustainability of the environment and the earth’s resources,” Ng pointed out.
As Enviro-Hub is categorised as an essential business, it was allowed to continue operating during the pandemic. But lockdown measures made it difficult for the Group to conduct its trading activities.
“Instead of selling the materials by way of trading, we focused on adding value through sorting, dismantling and crushing to increase the purity of the metals. We also boosted our waste metal refining and recovery capacities during this period,” he added.
Earlier this year, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million, marking the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust, multi-year growth prospects.
“We’re constantly on the lookout for new opportunities that will provide strong, recurring income streams, and create better value for our shareholders,” Ng said, adding that Enviro-Hub had stumbled across this opportunity in Pastel Glove, which boasts a strong order pipeline and huge demand potential.
“We’re now living in the new normal, where people are cautious and paying more attention to personal hygiene,” he noted. “Healthcare institutions are also boosting their use of PPE. There’s a lot of room for growth, even with vaccinations being rolled out, and we intend to explore further synergies from this business segment.”
As part of the Group’s Environment, Social and Governance (ESG) efforts, and being cognisant of the potential environmental hazards associated with the improper disposal of e-waste, Enviro-Hub has focused on developing its waste disposal facilities to recycle e-waste properly.
Apart from complying with relevant environmental laws and regulations such as the Environmental Protection and Management Act and Regulations, the Hazardous Waste Act, the Prevention of Pollution of the Sea Act, and the Fire Safety Act, the Group’s e-waste recycling units - Cimelia and HLS - will support the Extended Producer Responsibility (EPR) law, due to take effect this year.
This regulation ensures that producers of electrical and electronic equipment in Singapore have their products collected, recycled or disposed of responsibly when they reach the end of their lifespan.
Rising E-Waste Stream
In the meantime, the outlook for the e-waste management industry remains bright. Data from the UN’s Global E-waste Monitor 2020 report showed that a record 53.6 million metric tonnes of electronic waste was generated worldwide in 2019, up 21% in just five years.
The report also predicts global e-waste - discarded products with a battery or plug - will reach 74 metric tonnes by 2030, almost doubling in 16 years. This makes e-waste the world’s fastest-growing domestic waste stream, fuelled mainly by higher consumption rates of electric and electronic equipment, shorter life cycles, and fewer repair options.
Only 17.4% of 2019’s e-waste was collected and recycled, according to the report.&nbsp; Asia generated the greatest volume of e-waste in 2019 with 24.9 metric tonnes, followed by the Americas at 13.1 metric tonnes, and Europe at 12 metric tonnes.
According to data from Allied Market Research, the e-waste management market was valued at US$42.0 billion in 2019, and is projected to reach US$102.6 billion by 2027, expanding at a compound annual growth rate (CAGR) of 11.9% from 2020 to 2027.
Despite the demands of the Group’s day-to-day operations, Ng makes it a point to take time to reset and refocus. “If there’s a problem that I can’t solve, I won’t stay up thinking about it - I would rather get a good night’s rest and come up with a solution the next day.”
And when he’s not focused on work, the 57-year-old can be found pottering amongst his collectors’ items, which range from antiques, artefacts and building materials to vintage Pu-Er tea, Chinese teapots and snuff bottles.
“I collect only the things that I enjoy and love - it’s not about their intrinsic value,” he said.
“Having been a scrap collector since young, I’ve always been very curious about how things are made, how they can be taken apart, what materials they are made of, and how they can be re-assembled into useful items again.”
For this father of two sons and two daughters, aged 21 to 27 years old, family time is a priority. To his children, he always highlights the values of trust and integrity.
“It doesn’t matter if you have no money or little education. Instead, what is more significant is whether you are honest and can inspire trust in others - these are the qualities that no one can take away from you, and will lay the foundation for your success in life.”
 Enviro-Hub Holdings Ltd
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million. This marks the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust long-term prospects.
 The company website is: <a href="http://www.enviro-hub.com" target="_blank" rel="noopener">www.enviro-hub.com</a>
 Click <a href="https://www.sgx.com/securities/equities/L23" target="_blank" rel="noopener">here</a> for the company's StockFacts page.
 For the year ended 31 December 2020 financial results, click <a href="https://links.sgx.com/FileOpen/FY2020%20Results%20Announcement.ashx?App=Announcement&amp;FileID=650213" target="_blank" rel="noopener">here</a>. &nbsp;
About&nbsp;kopi-C: the Company brew
Text: Jennifer Tan-Stanisic Photo: Company file kopi-C&nbsp;is a regular column on the SGX Research website that features C-level executives of leading companies listed on Singapore Exchange. These interviews are profiles of senior management aimed at helping investors better understand the individuals who run these corporations. For previous editions of&nbsp;kopi-C: the Company brew,&nbsp;please click&nbsp;<a href="https://www.sgx.com/research-education/market-dialogues" target="_blank" rel="noopener">here</a>. &nbsp; For more information, or if you would like your senior executives to be featured on SGX Market Dialogues, please send suggestions to&nbsp;<a href="https://www.sgx.com/jennifer.t@sgx.com" target="_blank" rel="noopener">jennifer.t@sgx.com</a>.


EHH CEO

Having grown up in a family of rag-and-bone traders, it’s not surprising that Raymond Ng, Executive Chairman of SGX-listed Enviro-Hub Holdings Ltd, has made recycling and waste management his life’s work.
During his teens, Ng used to accompany his father, a “karung guni” or junk dealer who drove around neighbourhoods in a truck to collect discarded or used items destined for dumpsites and recycling plants. “That was my first introduction to the concept of recycling,” he recalled.
After leaving school, Ng joined the Singapore Armed Forces (SAF), where he discovered his talent as an auto mechanic. But the recycling business was never far from his mind.
Years later, when Ng’s brothers invited him to join the family’s “karung guni” business, he agreed, on one condition - that they switch to recycling electronic waste. “That was how I ventured into the e-waste management industry,” he added.
Towards the end of 2004, Ng launched a mandatory general offer for listed piling and construction firm Leong Hin Holdings, after injecting two e-waste recycling businesses - HLS Electronics and Cimelia Resource Recovery - into the company.
In 2005, the Group was renamed Enviro-Hub Holdings to reflect its new focus as an integrated environmental services hub, providing environmental management solutions and services to the global Electronics, Electrical and Equipment (EEE) industries.
“I strongly believe that if you reduce wastage, it will mean better health for yourself and everyone else. Reducing, reusing and recycling is still the best way forward - it makes us more environmentally conscious and responsible,” noted Ng, who has more than three decades of experience in the recycling industry, and nearly two decades of exposure to the real estate sector.
“Less waste, more health means it’s more sustainable for the earth and the environment. And if you make a profit out of it as well, so much the better!”
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of electronics waste (e-waste/metals), piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining.
E-waste is trash generated from surplus, broken, and obsolete electronic devices. Recycling e-waste facilitates the recovery of valuable metals and other materials from electronics devices, thus saving energy, reducing pollution, and conserving landfill space.
Enviro-Hub possesses a seamless value creation chain in its environmental management solutions and services. Its businesses focus on sustainable living, and include the provision of total WEEE (waste electronics, electrical and equipment) solutions, recovery and refining of platinum group metals, as well as recycling of ferrous and nonferrous metals. These are part of the Group’s efforts to create a sustainable future and reinforce its brand around the globe.
Booming Glove Demand
In the meantime, COVID-19 has also reinforced the impetus for recycling amongst corporations. “There’s even more consciousness now of the need to recycle, as well as issues concerning sustainability of the environment and the earth’s resources,” Ng pointed out.
As Enviro-Hub is categorised as an essential business, it was allowed to continue operating during the pandemic. But lockdown measures made it difficult for the Group to conduct its trading activities.
“Instead of selling the materials by way of trading, we focused on adding value through sorting, dismantling and crushing to increase the purity of the metals. We also boosted our waste metal refining and recovery capacities during this period,” he added.
Earlier this year, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million, marking the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust, multi-year growth prospects.
“We’re constantly on the lookout for new opportunities that will provide strong, recurring income streams, and create better value for our shareholders,” Ng said, adding that Enviro-Hub had stumbled across this opportunity in Pastel Glove, which boasts a strong order pipeline and huge demand potential.
“We’re now living in the new normal, where people are cautious and paying more attention to personal hygiene,” he noted. “Healthcare institutions are also boosting their use of PPE. There’s a lot of room for growth, even with vaccinations being rolled out, and we intend to explore further synergies from this business segment.”
As part of the Group’s Environment, Social and Governance (ESG) efforts, and being cognisant of the potential environmental hazards associated with the improper disposal of e-waste, Enviro-Hub has focused on developing its waste disposal facilities to recycle e-waste properly.
Apart from complying with relevant environmental laws and regulations such as the Environmental Protection and Management Act and Regulations, the Hazardous Waste Act, the Prevention of Pollution of the Sea Act, and the Fire Safety Act, the Group’s e-waste recycling units - Cimelia and HLS - will support the Extended Producer Responsibility (EPR) law, due to take effect this year.
This regulation ensures that producers of electrical and electronic equipment in Singapore have their products collected, recycled or disposed of responsibly when they reach the end of their lifespan.
Rising E-Waste Stream
In the meantime, the outlook for the e-waste management industry remains bright. Data from the UN’s Global E-waste Monitor 2020 report showed that a record 53.6 million metric tonnes of electronic waste was generated worldwide in 2019, up 21% in just five years.
The report also predicts global e-waste - discarded products with a battery or plug - will reach 74 metric tonnes by 2030, almost doubling in 16 years. This makes e-waste the world’s fastest-growing domestic waste stream, fuelled mainly by higher consumption rates of electric and electronic equipment, shorter life cycles, and fewer repair options.
Only 17.4% of 2019’s e-waste was collected and recycled, according to the report.&nbsp; Asia generated the greatest volume of e-waste in 2019 with 24.9 metric tonnes, followed by the Americas at 13.1 metric tonnes, and Europe at 12 metric tonnes.
According to data from Allied Market Research, the e-waste management market was valued at US$42.0 billion in 2019, and is projected to reach US$102.6 billion by 2027, expanding at a compound annual growth rate (CAGR) of 11.9% from 2020 to 2027.
Despite the demands of the Group’s day-to-day operations, Ng makes it a point to take time to reset and refocus. “If there’s a problem that I can’t solve, I won’t stay up thinking about it - I would rather get a good night’s rest and come up with a solution the next day.”
And when he’s not focused on work, the 57-year-old can be found pottering amongst his collectors’ items, which range from antiques, artefacts and building materials to vintage Pu-Er tea, Chinese teapots and snuff bottles.
“I collect only the things that I enjoy and love - it’s not about their intrinsic value,” he said.
“Having been a scrap collector since young, I’ve always been very curious about how things are made, how they can be taken apart, what materials they are made of, and how they can be re-assembled into useful items again.”
For this father of two sons and two daughters, aged 21 to 27 years old, family time is a priority. To his children, he always highlights the values of trust and integrity.
“It doesn’t matter if you have no money or little education. Instead, what is more significant is whether you are honest and can inspire trust in others - these are the qualities that no one can take away from you, and will lay the foundation for your success in life.”
 Enviro-Hub Holdings Ltd
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million. This marks the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust long-term prospects.
 The company website is: www.enviro-hub.com
 Click here for the company's StockFacts page.
 For the year ended 31 December 2020 financial results, click here.  &nbsp;
About&nbsp;kopi-C: the Company brew
Text: Jennifer Tan-Stanisic Photo: Company file  kopi-C&nbsp;is a regular column on the SGX Research website that features C-level executives of leading companies listed on Singapore Exchange. These interviews are profiles of senior management aimed at helping investors better understand the individuals who run these corporations.  For previous editions of&nbsp;kopi-C: the Company brew,&nbsp;please click&nbsp;here. &nbsp;  For more information, or if you would like your senior executives to be featured on SGX Market Dialogues, please send suggestions to&nbsp;jennifer.t@sgx.com.

Enviro-Hub Recycles E-Waste For Sustainable Future

Singapore

Enviro-Hub Holdings Ltd. is a diversified company providing environmental management solutions, including the trading, recycling, and refining of e-waste and metals, and the conversion of waste plastics to fuel. The company also operates in property investments and management, piling contracts, construction, and the manufacturing and trading of healthcare products. Headquartered in Singapore, it was incorporated on June 3, 1998.

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Enviro-Hub (ENVH SP)

10 in 10 with Enviro-Hub Holdings - New Player in Glove Industry

10 Questions for Enviro-Hub Holdings Company OverviewEnviro-Hub Holdings Ltd (Enviro-Hub) has a diverse portfolio that includes trading, recycling...

Singapore Exchange Ltd (SGX)

Enviro-Hub Recycles E-Waste For Sustainable Future

Having grown up in a family of rag-and-bone traders, it’s not surprising that Raymond Ng, Executive Chairman of SGX-listed Enviro-Hub Holdings...

Singapore Exchange Ltd (SGX)

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