10 in 10 with LMS Compliance
10 Questions in 10 Minutes with SGX-listed companies |
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Designed to be a short read, 10 in 10 provides insights into SGX-listed companies through a series of 10 Q&As with management. Through these Q&As, management will discuss current business objectives, key revenue drivers as well as the industry landscape. Expect to find wide-ranging topics that go beyond usual company financials. |
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| SGX Code: LMS |
BBG: LMS SP |
RIC: LMSC.SI |
| Market cap (S$m) |
37.6 |
Last Price (S$)
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0.43 |
| 52 wk high/low |
0.435 - 0.25 |
| 12m ADTV (S$) |
16,500 |
| Shares Outstanding (m) |
87.4 |
| Float |
16.8% |
| P/E (LTM) |
150.4 |
| P/B (LTM) |
4.1 |
| Dividend Yield |
0.4% |
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Source: Bloomberg (25 Sept 2023) |
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Could you elaborate on LMS Compliance’s business segments and revenue drivers? - LMS Compliance ("LMS") is a multifaceted company offering a comprehensive suite of services to support businesses across various sectors in achieving their compliance, safety, and sustainability
objectives.
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The Testing & Assessment segment plays a pivotal role in the company's operations, representing 96% of its earnings. It operates ISO/IEC 17025 accredited laboratories dedicated to laboratory testing and assessment services, helping clients adhere to industry standards and ensure the safety of their products through rigorous testing and data-driven insights.
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The Certification segment enables LMS to serve as an ISO17021 accredited certification body, certifying organizations against various international standards, demonstrating their commitment to quality and compliance. LMS also engages in trading activities, distributing essential materials like chemicals and testing equipment through its Trading segment.
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Lastly, the Assurance segment collaborates with legal and accounting experts to provide ESG/sustainability assurance services, ensuring compliance with reporting standards such as Global Reporting Initiative (“GRI”), Sustainability Accounting Standards Board (“SASB”), Task Force on Climate-related Financial Disclosures (“TCFD”), and SGX 27 Core Metrics.
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