Tiong Woon (T06.SG) recoups losses, last flat at $0.40 vs $0.395 earlier, suggesting crane company’s dismal June-quarter results, prospect of continued earnings pressure largely priced in given stock’s 33% fall since April peak of $0.595, according to Dow Jones.

But interest expected to remain subdued in near term as no catalyst in sight, with demand for Tiong Woon’s cranes in Singapore, its main market, likely to stay soft given completion of 2 casino resorts.

Attempts to secure more business from abroad also yet to pay off as capital-intensive projects may be put on hold by companies given increasing risk of weaker global economic growth.

Orderbook quotes tip $0.395-$0.41 trading band for time being. Fiscal 4Q10 net profit at $2.8 million vs $12.2 million year earlier. FY10 performance just as dismal, with earnings down 43% at $23.9 million on lower revenue, margins.