Associated tags: Horticulture, Pest control, ESG, Recycling, Waste management, HKSAR, Collection, Food, Environmental Protection Department, Airline, Government, EPD
Locations: HONG KONG, EASTERN, ISLANDS DISTRICT
Government,
Statistics,
Environment,
HKSAR,
Municipal solid waste,
Public housing,
EPD,
Food,
Environmental Protection Department,
Recycling,
The Conservation Fund HONG KONG, Jan 25, 2024 - (ACN Newswire) - Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 01397.HK) is pleased to announce that following last year's success in securing a smart recycling machine contract from the Environmental Protection Department ("EPD") of the HKSAR Government ("the Government"), the Group has won new contracts for two large private residential estates for the provision of smart Food Waste Recycling Machines ("Food Waste Recycling Machines") and maintenance services.
Key Points:
- HONG KONG, Jan 25, 2024 - (ACN Newswire) - Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 01397.HK) is pleased to announce that following last year's success in securing a smart recycling machine contract from the Environmental Protection Department ("EPD") of the HKSAR Government ("the Government"), the Group has won new contracts for two large private residential estates for the provision of smart Food Waste Recycling Machines ("Food Waste Recycling Machines") and maintenance services.
- Currently, Hong Kong only recycles about 200 tonnes of food waste per day, lower than the total amount of food waste produced.
- The Government intends to extend the installation of the Food Waste Recycling Machines in all public housing estates in Hong Kong this year.
- With waste charging set to take effect, the Government is proactively offering financial aid for private estates to install Food Waste Recycling Machines through the Recycling Fund and the Environment and Conservation Fund.
Policy,
MSW,
Biotechnology,
Recycling,
Collection,
Government,
Hand,
PET,
Waste management,
Internet,
AI,
HKSAR,
Stock exchange,
Hong Kong Stock Exchange,
Municipal solid waste,
Research report,
Organization,
Property management This target suggests a potential 57% increase from the closing price on the date of the report.
Key Points:
- This target suggests a potential 57% increase from the closing price on the date of the report.
- Founder Securities is optimistic about the Company's prospects as it will directly benefit from the implementation of the policy.
- According to Founder Securities, the Company has a competitive edge and has been rapidly gaining government contracts in the past three years.
- Based on 8 times target P/E ratio and 2024 earnings, Founder Securities rates Baguio as 'Strongly Recommended', with a target price of HK$1.10.
HONG KONG, Oct 11, 2023 - (ACN Newswire) - Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 01397.HK) is pleased to announce that since the interim result reported as of 30 June 2023, the Group has successfully secured new contracts with a total value of approximately HK$752 million from various Hong Kong government departments, quasi-government organizations and private organizations.
Key Points:
- HONG KONG, Oct 11, 2023 - (ACN Newswire) - Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 01397.HK) is pleased to announce that since the interim result reported as of 30 June 2023, the Group has successfully secured new contracts with a total value of approximately HK$752 million from various Hong Kong government departments, quasi-government organizations and private organizations.
- The new contracts drive Baguio's total value of contracts on hand to a historical high of approximately HK$4.7 billion as of 5 October 2023.
- These new contracts include but not limited to:
1) Leisure and Cultural Services Department's contract for the provision of cleansing and supporting services to leisure venues in Sham Shui Po and Yau Tsim Mong districts;
2) Food and Environment Hygiene Department's contract for the provision of management, cleansing and pest control services for markets in Wong Tai Sin district;
3) Environmental Protection Department's contract for the provision of recyclables collection services for recycling bins in public spaces and schools.
- As a result, the Group records a historical high for its total value of contracts on hand, demonstrating the Group's strong momentum in its business growth.
GREEN,
New Territories,
Recycling,
Housing,
Canadarm,
University,
Urban Council Centenary Garden,
Metal,
Waste management,
Food,
Urban Council,
Francisco Menéndez (black soldier),
Airport,
Municipal solid waste,
The Hong Kong University of Science and Technology,
Environmental Protection Department,
Food and Environmental Hygiene Department,
Government,
ESG,
Internet,
School,
Hospital,
Collection,
Central & Western District R&SA,
Manure,
Biophysical environment,
Vending machine,
MSW,
Growth,
AI,
Social,
Hand,
EPD,
Hong Kong Science Park,
Airline,
Music Profit for the Period was approximately HK$21.7 million, representing an increase of approximately 27.0% as compared with the same period last year.
Key Points:
- Profit for the Period was approximately HK$21.7 million, representing an increase of approximately 27.0% as compared with the same period last year.
- Adjusted net profit* was HK$21.3 million, representing an increase of approximately 352.0%, as compared with the same period last year.
- In the first half of 2023, new contracts awarded to the Group amounted to a total of HK$2.04 billion.
- Revenue from cleaning services increased by 72.8% to approximately HK$861.5 million, accounting for 77.8% of the Group's total revenue during the Period.
HKSAR,
Food and Environmental Hygiene Department,
Youth Development Commission, HKSAR Government,
Biometrics,
Government,
Time of flight,
Internet,
IOT,
Machine learning,
System,
Artificial intelligence,
Big data,
ESG,
AI,
Robotics,
Food AI technology enhances accuracy, while Machine Learning technology enables continuous improvement of the AI model.
Key Points:
- AI technology enhances accuracy, while Machine Learning technology enables continuous improvement of the AI model.
- Data are collected and analyzed on a dedicated Big Data Platform, providing the Government a comprehensive and holistic perspective with utilisation insights and predictive analytics.
- This information will support the future strategic development of public toilets, including service standard enhancement, and redeployment and refurbishment of public toilet facilities in Hong Kong.
- Baguio will persist in developing innovative projects to fully capture market opportunities and grow its green technology business."
HK,
GREEN,
New Territories,
Recycling,
Canadarm,
Metal,
Food,
Waste management,
The Group,
HKSAR,
Francisco Menéndez (black soldier),
Food and Environmental Hygiene Department,
Youth Development Commission, HKSAR Government,
Wong Tai Sin,
The Hong Kong University of Science and Technology,
Producer,
Environmental Protection Department,
Government,
Bioconversion,
Municipal solid waste,
National Biodiesel Board,
Collection,
Central & Western District R&SA,
Manure,
Biophysical environment,
Vending machine,
Growth,
ESG,
MSW,
Social,
Hand,
EPD,
FEHD,
Legislation,
Airline In 2022, new contracts awarded to the Group amounted to a total of HK$3.08 billion.
Key Points:
- In 2022, new contracts awarded to the Group amounted to a total of HK$3.08 billion.
- As a result, the Group recorded a historical high for its contracts on hand of approximately HK$3.59 billion (as of 31 December 2022), representing a surge of approximately 67.3%.
- During the Year, the Group secured a number of service contracts worth approximately HK$1.99 billion in total for street cleansing services.
- Mr. Ng Wing Hong, Chairman of Baguio, commented, "2022 marks a year with outstanding result performance with net profit* substantially increased by 3.2 times and contracts on hand recorded a historical high since Baguio established 43 years ago.
Environmental Protection Department,
Recycling,
Research,
Youth Development Commission, HKSAR Government,
Platform,
Internet,
Carbon,
Government,
GREEN,
Paper,
School,
HKSAR,
ESG,
Canadarm,
EPD,
The Platform,
Plastic,
SRM,
Collection,
Airline This Contract marks a significant milestone for Baguio in its development of smart technology solutions for green initiatives.
Key Points:
- This Contract marks a significant milestone for Baguio in its development of smart technology solutions for green initiatives.
- The Company draws upon its invaluable collection experience in designing the SRM to help bring recycling in Hong Kong to the next stage.
- The SRMs are connected with the EPD's GREEN$ Electronic Participation Incentive Scheme to incentivize people with GREEN$ points for recycling.
- The Platform will also analyze transaction data to help the Government strategically deploy recycling resources at the right time and place to maximize effectiveness.
Kowloon,
Recycling,
EPD,
MSW,
Statistics,
Government,
HKSAR,
Collection,
Environmental Protection Department,
Municipal solid waste,
New Territories West (constituency) Winning this EPD contract highlights Baguio's position as Hong Kong's market leader in food waste collection.
Key Points:
- Winning this EPD contract highlights Baguio's position as Hong Kong's market leader in food waste collection.
- Among the four EPD's recyclable food waste collection service contracts, Baguio has secured half of them (including this contract and Kowloon District contract awarded last year).
- Under this EPD contract, Baguio will collect approximately 12,000-20,000 tonnes of food waste in total during the contract period.
- Ms. Ng Yuk Kwan Phyllis, CEO of Baguio, said, "We are pleased to be awarded the New Territories West food waste collection contract after winning a similar contract covering the Kowloon district last year.
New Zealander of the Year Awards,
Professional,
25th anniversary of the 1989 Tiananmen Square protests,
DYA,
Financial services,
Treasury,
HKSAR,
Sustainability,
Silver jubilee,
Film,
Management,
Award HONG KONG, Nov 25, 2022 - (ACN Newswire) - The Hong Kong Institute of Directors ("HKIoD") has announced the winners of the Directors Of The Year Awards ("DYA") 2022.
Key Points:
- HONG KONG, Nov 25, 2022 - (ACN Newswire) - The Hong Kong Institute of Directors ("HKIoD") has announced the winners of the Directors Of The Year Awards ("DYA") 2022.
- As the flagship project of HKIoD, DYA is one of the most prestigious business accolades in Hong Kong and the first of its kind in Asia.
- It seeks to recognise outstanding boards and directors, publicise the significance of good corporate governance and promote good corporate governance and director professionalism.
- The Awards were presented during the Silver Jubilee Dinner that celebrates the 25th Anniversary of both HKSAR and HKIoD, both having operated since 1 July 1997.
