Tower Crane

Results

Yongmao Holdings swings to 4Q loss on higher expenses, lower margins

SINGAPORE (May 30): Tower crane manufacturer Yongmao Holdings posted a loss of RMB2.3 million ($0.5 million) for the quarter ended March, compared to earnings of RMB5.7 million in 4Q17, due to higher expenses and lower margins.  

Broker's Calls

Tat Hong retreated 6.5 cents after announcing a rights issue. What seems to be the problem?

SINGAPORE (Nov 16): Tat Hong Holdings announced a renounceable underwritten 1-for-5 rights issue to raise $41.1 million after trading hours on Monday. On Tuesday, the stock lost 6.5 cents, or 14.3% of its share value, to close at 39 cents.
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