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Covid-19
Results
Frencken Group sees 5.2% growth in 2H20 earnings of $23.8 mil; profit holds steady in FY20 despite slight dip in revenue
Frencken Group’s revenue fell 5.8% y-o-y to $620.6 million for the full year FY2020 ended December, owing to lower sales.
February 25, 2021
Results
Sheng Siong posts 83.1% increase in FY2020 earnings to $138.7 mil
Sheng Siong has decided to reward its shareholders with a final cash dividend of 3.0 cents per share, payable in May.
February 24, 2021
Covid-19
These billionaire fortunes are fading with the Covid-19 vaccine rollout
Shares of Malaysian glovemakers are down at least 40% from highs, wiping more than US$9 billion from founders' net worths.
February 24, 2021
Results
Jiutian Chemical Group posts record FY20 net profit of $35.5 mil on surge in gross profit, other income and absence of impairment losses
As at end-December, cash and cash equivalents nearly doubled to RMB256.7 million.
February 23, 2021
Contracts
ISOTeam wins another $24.33 million worth of contracts
The company's order book now totals $87.43 million
February 23, 2021
Results
UIC sees 85% plunge in FY20 earnings of $90.2 mill due to lower revenue, fair value losses
UIC has declared a final dividend of 3.5 cents for the FY2020, 0.5 cent lower than the 4.0 cents declared in FY2019.
February 23, 2021
Results
CSE Global reports FY2020 earnings of $28 mil, up 16.4%
As at Dec 31 2020, its order book was at $236 million.
February 23, 2021
Startups, Entrepreneurs, Digital economy
Huawei launches DIGIX Lab in Singapore; first tech hub in APAC to empower app developers
Huawei launches DIGIX Lab in Singapore aimed to empower mobile app developers.
February 23, 2021
Results
Sembcorp swings into FY2020 net loss of $997 mil after Sembmarine divestment
Sembcorp says the weak bottom line was mainly due to a non-cash, non-recurring fair value loss of $970 million recorded.
February 23, 2021
Results
Sembcorp Marine posts $582.5 mil loss for FY20 including $162 mil asset impairments and provisions in 4Q
No final dividend has been declared for the FY2020, same as FY2019, in a bid to conserve cash.
February 23, 2021