Centurion Club: APPLIED RESOURCES + CHEMICALS + ENERGY – FOSSIL FUELS + MINERAL RESOURCES + RENEWABLE ENERGY + UTILITIES

For some years, amid the multi-year slump of the cyclical offshore and marine industry, Dyna-Mac Holdings No4, like many of its peers, hunkered down and ensured it could weather through the downturn. Lim Ah Cheng, who took on the executive chairman role of Dyna-Mac, made sure the company is well poised to capture growing opportunities when the sector picks up and is now picking up a growing volume of contracts. The company’s growth trajectory has been recognised by the market, and last June, Dyna-Mac was the subject of a cover story in The Edge Singapore for the improvements made under Lim. Since then, the company has gained further interest culminating in the bid for control by South Korean conglomerate Hanwha with its 67 cents per share — a significant surge from just over 10 cents when Lim joined the company in 2020. For this sound performance, Dyna-Mac has been named top in the returns to shareholders category for this industry classification.

China Sunsine Chemical Holdings stands out among other China-based but Singapore-listed companies for a long track record of listing and maintaining steady performance throughout the 17 years here. The company, based in China’s Shandong province, describes itself as a leading speciality chemical producer and is the largest producer of rubber accelerators in the world and the largest rubber chemicals enterprise in China, with customers coming from more than three-quarters of the top global tyre makers such as Bridgestone, Michelin, Goodyear and Pirelli. It has been ranked as the company with the most growth in profit after tax in this year’s Billion Dollar Club (BDC).

Reflecting the Singapore Exchange S68’s (SGX) nature of drawing a good mix of companies mainly operating outside Singapore, the winner for this industry sector’s weighted return on equity (ROE) is Indonesia-based coal miner Geo Energy Resources Re4, founded in 2008 and listed on SGX in 2012. Amid the global call for sustainability, the company has maintained that coal remains the most viable and economical energy source for emerging economies. The company owns five coal mining concessions through its various subsidiaries in Kalimantan and Sumatra.

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In addition, Geo Energy, drawing on heftier earnings generated by the recent surge in global energy prices, has also invested in PT Marga Bara Jaya (MBJ), a ready-for-development integrated infrastructure system consisting of roads and jetty used for handling coal logistics and transportation to the domestic and export markets.

Pan-United Corporation, despite not winning any of the three metrics, has been named the overall sector winner of this industry for its all-round performance. The company is a key supplier of building materials that is seeing growing demand across the region. Pan-United describes itself as a global leader in low-carbon concrete technologies. It is among the world’s biggest producers of carbon mineralised concrete (CMC), which taps carbon capture & utilisation (CCU) technology to sequester industrial waste CO2 within concrete. The company says it is constantly developing high-performance solutions and adopting new technologies to stay ahead of the sustainability curve. With a keen eye on playing its role in the ESG (Environmental, Social and Governance) journey, Pan-United has pledged to offer only low-carbon concrete by 2030, carbon-neutral concrete by 2040 and become a carbon-neutral company by 2050.