construction

Results

Sysma’s FY16 earnings slump 36% on lower margins

SINGAPORE (Sept 21): Sysma Holdings posted a 35.7% earnings decline to $1.7 million for FY16 on lower margins. A year ago earnings came in at $2.6 million.

TEE International awarded new contracts worth $95 mil

SINGAPORE (Sept 8): TEE International has announced new engineering contract wins totalling $95 million from Aug to Sept.

Broker's Calls

Tat Hong in limbo

SINGAPORE (Aug 19): OCBC Investment Research is maintaining its “hold” rating on crane and heavy equipment supplier Tat Hong Holdings, with a slightly lower fair value of 54 cents from 55 cents previously.  

Singapore economy treading on thin ice

SINGAPORE (Aug 18): Two-thirds of Singapore’s economy is already in technical recession and the worst is yet to come, says DBS Group Research.

Results

OKP sees 1H earnings grow 6.6% to $4.3 mil on lower cost of works

SINGAPORE (Aug 1): OKP Holdings, the infrastructure and civil engineering company, posted a 6.6% growth in 1H earnings ended June of $4.3 million from $4.1 million a year ago on lower costs of work.

Keong Hong upgrades to SGX Mainboard

SINGAPORE (Aug 1): Keong Hong Holdings has successfully transferred its listing from Catalist to the Mainboard of the Singapore Exchange (SGX), and will commence trading on the latter on Tuesday at 9am.

Singapore’s 2Q GDP up 2.2% on year

SINGAPORE (July 14): Singapore’s economy expanded by 2.2% in 2Q16, based on advance estimates by the Ministry of Trade and Industry (MTI).

Broker's Calls

Uncertainty weighs on Tat Hong

SINGAPORE (July 13): OCBC Investment Research is maintaining its “hold” rating on crane and heavy equipment supplier Tat Hong Holdings, but has raised the stock’s fair value from 50 cents to 55 cents on the belief the group should command “a certa
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