Taking Stock Of Stocks

Union Gas all fired up for growth in energy sector

In this monthly series, The Sunday Times and the Singapore Exchange's research team interview company bosses to help investors get a better look at a company's operations, by going beyond the financials.

Mr Teo Hark Piang (above), chief executive of Union Gas. The company traces its roots to Choon Hin, a sole proprietorship set up in 1974 which sold bottled LPG cylinders and household items out of a sundry shop in Marine Terrace. It has evolved to als
Mr Teo Hark Piang (above), chief executive of Union Gas. The company traces its roots to Choon Hin, a sole proprietorship set up in 1974 which sold bottled LPG cylinders and household items out of a sundry shop in Marine Terrace. It has evolved to also supply CNG and diesel, and was listed on the Singapore Exchange's Catalist board in July 2017. ST PHOTO: NG SOR LUAN
Lorna Tan
Updated
Aug 04, 2019, 05:38 AM
Published
Aug 04, 2019, 05:00 AM
New: Gift this subscriber-only story to your friends and family

Listed on the Singapore Exchange's Catalist board in July 2017, home-grown Union Gas Holdings (Union Gas) is a provider of fuel products to the residential, commercial and industrial sectors in Singapore.

For financial year 2018, Union Gas' revenue grew 43.8 per cent year on year to $56.4 million, with net profit rising 84.9 per cent to $6.4 million. This was made possible by its entry into the commercial liquefied petroleum gas (LPG) business and the expansion of its residential distribution network in the same year through strategic acquisitions.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

ST One Digital

 $9.90/month

No contract

ST app access on 1 mobile device

Subscribe now

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Sunday Times on August 04, 2019, with the headline Union Gas all fired up for growth in energy sector. Subscribe

Available for
iPhones and iPads
Available in
Google Play

MCI (P) 066/10/2023. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2024 SPH Media Limited. All rights reserved.

Back to the top