OREANDA-NEWS. Singapore’s Healthcare sector can be broken down into four sub-industries – Healthcare Providers, Medical Equipment & Supplies, Pharmaceuticals & Biotechnology and Healthcare Asset Owners. Acromec has listed on SGX Catalist today and commenced trading at 25 cents per share. This has taken the number of Medical Equipment & Supplies Plays listed on SGX to eight.

Acromec Limited

Acromec is a Singapore-based specialist engineering services provider in the field of controlled environments. The Group’s expertise is in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms. It provides integrated services including engineering, procurement, construction and maintenance services, specialising in architectural, mechanical, electrical and process works within controlled environments.

The Group serves mainly the healthcare, biomedical, research and academia, and electronics sectors. Its customers comprise mainly hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The Group’s services include design and/or construction of new facilities in new and existing buildings, refurbishment and upgrading of existing facilities and corrective and routine maintenance services. Acromec’s business is divided into two main segments: (1) Engineering, Procurement and Construction; and (2) Maintenance.

Recent Performance

As of Friday’s close, the seven Medical Equipment & Supplies stocks averaged a month-to-date gain of 1.1%, bringing their one-year total return to 5.5%. In terms of month-to-date total return, the best performer in the sub-segment has been Techcomp (Holdings) (+19.0%). These seven stocks average a dividend yield of 3.6%.

Riverstone, which makes cleanroom and healthcare gloves, is the largest stock by market capitalisation in the Medical Equipment & Supplies sub-segment. It is also the second-best performer after Techcomp with a month-to-date total return of 5.2%.

Riverstone offers nitrile, hand-specific, and latex gloves, cleanroom fingercots, packaging bags, face masks and other consumables. Its products are used in the hard disk drive, semiconductor, and healthcare industries.