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SINGAPORE - YY Group Holding Limited (NASDAQ:YYGH), a provider of on-demand workforce solutions and integrated facility management services, announced Monday the launch of a robotics integration initiative across its core service lines. The company, which has seen its stock surge over 360% in the past year and is currently trading near its 52-week high of $3.39, continues to pursue innovative solutions despite facing profitability challenges. According to InvestingPro data, YY Group maintains a healthy liquidity position with a current ratio of 1.69.
The first phase of the program will focus on implementing robotic solutions in hospitality, cleaning, security, and façade maintenance. In hospitality settings, robotic runners will support banquet teams with food delivery and event logistics. Commercial spaces will benefit from autonomous cleaners providing round-the-clock sanitation, while smart security patrol bots will handle routine surveillance tasks. With revenue growth of 29% in the last twelve months, the company aims to leverage automation to improve its modest gross profit margin of ~13%. Want deeper insights? InvestingPro offers 12 additional investment tips for YYGH.
"As service expectations evolve and manpower dynamics shift, robotics presents a timely opportunity to enhance consistency, safety, and scalability," said Mike Fu, Group Chief Executive Officer of YY Group, according to the press release.
The company stated that robotics will be deployed flexibly across service lines with models tailored to client needs, ranging from on-demand use to capital-based ownership. YY Group emphasized that the robots are designed to support rather than replace human teams.
The Singapore-headquartered company is initially partnering with select clients in Singapore and Malaysia to pilot the robotic deployments, with plans to focus initial scaling in Southeast Asia before expanding globally.
According to the company’s statement, the initiative aligns with YY Group’s long-term strategy to become a digitally enabled service provider. The company aims to improve asset efficiency, service outcomes, and client retention through the integration of automation into its service model.
In other recent news, YY Group Holding Limited has acquired Pesticide Pest Control Pte. Ltd., a Singapore-based pest control company with over 30 years of operational history. This acquisition, finalized on July 1, will see the company rebranded as Pest Fighter Management Pte. Ltd. and will enhance YY Group’s integrated facility management platform. This platform already includes services such as cleaning, landscaping, maintenance, and security. Additionally, YY Group is expanding its job platform, YY Circle, across Europe and the Middle East and North Africa (MENA) region. The expansion is aimed at addressing the increasing demand for flexible labor and innovative employment technologies. In the United Kingdom, YY Circle has been gaining traction in London and is set to launch in the Netherlands by the end of May. YY Circle Germany is anticipated to go live within the next six to eight weeks, highlighting YY Group’s commitment to growth and innovation in these regions.
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