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Civmec charts a steady course amid environmental and geopolitical tensions - THE EDGE SINGAPORE

Construction

Civmec charts a steady course amid environmental and geopolitical tensions

Amid environmental and geopolitical tensions in Australia, can Civmec continue to thrive?

Results

TransCore acquisition crimps ST Engineering’s earnings, but more new orders seen

Analysts expect the company to face near-term cost pressures from the Transcore acquisition, but also brighter prospects afterward
Singapore’s manufacturing output up by 17.9% in November - THE EDGE SINGAPORE

Singapore economy

Singapore’s manufacturing output up by 17.9% in November

On a seasonally adjusted month-on-month basis, November’s manufacturing output was up by 7.2%.
Aspen to build glove making plant with bigger capacity of 1.5 billion instead of 1.1 billion units - THE EDGE SINGAPORE

Company in the news

Aspen to build glove making plant with bigger capacity of 1.5 billion instead of 1.1 billion units

The revision comes after the company had further talks with potential buyers, and will make further updates once definitive sales

Results

Ley Choon sinks into 4Q, FY19 losses on lower margins

SINGAPORE (May 30): Ley Choon Group reported a loss of $5.2 million for the 4Q ended March, sinking into the red from its 4Q18 profit of $0.3 million due to lower margins.  

Investing strategies

CSE Global improves earnings, maintains shale focus; no joint projects with shareholder Serba Dinamik for now

SINGAPORE (April 22): When Malaysian engineering firm Serba Dinamik Holdings became the largest shareholder in systems integrator CSE Global last year, both parties talked about how they could work on projects together. One year on, no joint venture proje

Results

Yongnam FY18 loss widens to $51 mil on revenue decline, provisions & overheads

SINGAPORE (Feb 28): Yongnam Holdings, the engineering and construction services provider, reported FY18 loss widened to $51 million from $17 million a year ago due to lower revenue across all segments.

Results

AusGroup reports 87.9% fall in 2Q earnings to A$0.5 mil on reduced operating activity

SINGAPORE (Feb 13): Construction and engineering company AusGroup saw its earnings fall 87.9% y-o-y to A$0.49 million ($0.47 million) for the 2Q ended Dec 2018 as compared to earnings of A$4.8 million in 2Q18, due to reduced operating activity.

Disruption and Digitalisation

7 high-tech jobs to arrive in the near future, as envisioned by Cognizant

SINGAPORE (Oct 23): In Cognizant’s opinion, humans have never been more integral to the future of work – even as the emergence of artificial intelligence (AI) continues to change the global work environment.

Contracts

TEE International subsidiaries secure new engineering contracts worth $58 mil

SINGAPORE (Oct 16): TEE International’s wholly-owned subsidiaries, PBT Engineering and Trans Equatorial Engineering, have been awarded new engineering contracts worth $58 million to carry out asset enhancement initiative (AEI) and mechanical & electrica
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