Baguio Green Group (01397.HK) Announces 2024 Annual Results with Net Profit Hits Historical High since listing

Ladies and Gentlemen, BUY NOW! Baguio Green Group (01397.HK) has just announced its 2024 annual results, and let me tell you, this is a game-changer! The company's net profit has hit a historical high since its listing, and the numbers are nothing short of spectacular. The profit attributable to shareholders for the year 2024 was HK$53.856 million, a year-on-year increase of 14.3%. This is a company that is ON FIRE!



Now, let's break down what's driving this incredible growth. First and foremost, the Hong Kong Waste Charging Scheme has been a massive tailwind for Baguio Green. This scheme has boosted the demand for recycling and green technology services, and Baguio Green is right at the forefront of this trend. The company has secured new cleaning contracts with the Government, quasi-government bodies, and private entities, and as of March 27, 2024, their contracts on hand increased significantly to approximately HK$5.1 billion. This is a company that is not just riding the wave; it's making the wave!

But that's not all. Baguio Green has also achieved amplified efficiency gains due to economies of scale. As their operations have grown, they've been able to reduce costs per unit of output, thereby increasing profitability. This is a company that knows how to scale, and it's paying off big time.

And let's not forget about their diversification into green technology. The green technology business has achieved rapid growth after strategic deployment in recent years. The Group made impressive progress in providing the Government with smart recycling machines and a big data analytics platform. Smart recycling machines are now available in different places of Hong Kong, providing the public with a convenient recycling experience 24 hours a day and helping to increase the overall recycling volume in Hong Kong. This is a company that is not just thinking about today; it's thinking about tomorrow.

Now, let's talk about their strategic initiatives and acquisitions. Baguio Green Group has signed a letter of intent with two contracting parties for the potential acquisition of all issued share capital of a company engaged in property management business. The company intends to purchase all shares of the target company in three installments for a total amount of 0.135 billion Hong Kong dollars, to be paid in Cash / Money Market, with a profit guarantee and price adjustment as conditions. This acquisition is expected to diversify the Group's income streams and further enhance its financial performance. This is a company that is not just sitting on its laurels; it's actively seeking out new opportunities to grow.

So, what does all this mean for you, the investor? It means that Baguio Green Group is a company that you need to own. This is a company that is growing, that is innovating, and that is poised for even more success in the future. Don't miss out on this opportunity! BUY NOW!