Megachem Limited
Annual Report
2014
27
However, on the global chemical industry front, growth
is projected to hit 3.6% in 2015 , the highest in four
years. Also, Asia remains a bright spot as its considerably
large and developing middle class is anticipated to drive
the burgeoning demand for goods that require the use
of specialty chemicals. Backed by its established presence
in the region and Asia-centric strategy, Megachem is
expected to benefit from these trends propelling the
industry.
While we recognise that the pursuit of growth is
important, it is imperative to manage our finances with
discipline and be in a position of strength to weather
unexpected circumstances. By doing so, it will enable
us to mitigate the risks that comes with uncertainties
surrounding the global markets and to attain sustainable
growth.
For over 26 years, having painstakingly cultivated
relationships with customers and laying out the
foundations to build our extensive global network in
the specialty chemical industry, we are in a favourable
position to harvest the fruits of our labour going forward.
Achieving Good Corporate Governance And
Transparency
Megachem has always pride itself as a transparent
enterprise and in engaging our stakeholders openly.
Winning two awards in that respect, the prestigious Best
Investor Relations Award (Bronze) andBest Annual Report
Award (Bronze) in the “less than $300 million market
capitalisation” category at the 2014 Singapore Corporate
Awards, these accomplishments bear testament to our
drive in achieving good corporate governance. Since the
Singapore Corporate Awards was established in 2005, we
have attained an award in six out of the nine years.
We remain committed to building a culture of
transparency, implementing best practices and improving
disclosure quality in order to raise the standards of our
communication with shareholders.
Rewarding Our Loyal Shareholders
To thank our shareholders for their unwavering support
and confidence in Megachem through the years, the
Board has proposed a final tax exempt dividend of 0.7
cent per share for FY2014. Together with the interim tax
exempt dividend of 0.3 cent per share, the total dividend
payout for the year amounts to 1.0 cent per share or a
dividend payout ratio of 48% of the Group’s FY2014 net
profit attributable to shareholders.
Words of Appreciation
I would like to express my sincere gratitude to our
stakeholders including our management team, staff,
bankers, and business associates, whose efforts were
crucial to the success of Megachem. I would also like
to thank my fellow Directors who have provided wise
counsel and their vision in charting Megachem’s strategic
direction. Last but not least, I would like to thank all our
loyal shareholders.
With the continual support of our shareholders and all
other stakeholders who are the primary ingredients of
our growth, we will strive towards further enhancing
shareholders’ value in the years ahead and in building a
stronger, better specialty chemical business.
Yours Sincerely,
Sidney Chew
Executive Chairman and Managing Director
Megachem Limited
For over 26 years, having painstakingly cultivated relationships
with customers and laying out the foundations to build our
extensive global network in the specialty chemical industry,
we are in a favourable position to harvest the fruits of our labour
going forward.
