manufacturer

Yeo Hiap Seng posts 25.6% lower 4Q earnings of $10.3 mil on revenue decline

SINGAPORE (Feb 23): Yeo Hiap Seng saw its earnings fall 25.6% to $7.7 million in 4Q17 from $10.3 million in 4Q16 on lower revenue.

The latest set of results brings the group’s earnings for FY17 to $153.7 million, surging more than fivefold from its FY16 earnings of $29 million due to one-off gains on disposal of investment in Super Group, among other subsidiaries.

Promise of higher dividends mitigate currency risk for LY Corp, says NRA Capital

SINGAPORE (Jan 30): NRA Capital likes LY Corporation, the original design manufacturer of wooden bedroom furniture, for what it sees as a positive mix of growth and dividend plans to come.

While potential appreciation of the Malaysian Ringgit presents a key risk to the group’s profitability, NRA believes this will be mitigated by the promise of a higher 40% payout of PATMI for FY18-20, up 25% from 25% for FY17.

Sarine to sue overseas manufacturer for fraudulent misuse of Galaxy system

SINGAPORE (Jan 4): Sarine Technologies and its wholly-owned subsidiary, Galatea, are taking legal action against an unnamed manufacturer in Surat, India, for the deliberate under-reporting of rough stone weights and underpayment of amounts owed to Galatea while using the group’s proprietary Galaxy system.

China's getting under the hoods of more American cars

A Trumpchi Enlight Concept automobile, manufactured by Guangzhou Automobile Group.Photographer: Qilai Shen/Bloomberg

HONG KONG (Feb 14): Chinese companies started talking a decade ago about cracking the US auto market with an array of low-cost passenger vehicles. That hasn’t happened, so instead they’re getting under the hoods of American cars by buying up parts makers at a record pace.

Fu Yu expected to generate robust dividend yield in FY17

SINGAPORE (Jan 6): RHB continues to keep its “buy” call on Fu Yu with a target price of 29 cents, while reiterating its view of the manufacturer and supplier of high-precision injection molds and plastic parts as an attractive privatisation or takeover candidate.

In an updated report on Tuesday, analyst Jarick Seet once again highlights the company for its improving core business, undemanding valuations and attractive dividend yield of 7.9% in FY16F.

Could this company be next in line for privatisation?

SINGAPORE (Nov 14): RHB has maintained its “buy” call on Fu Yu with a target price of 29 cents while highlighting the stock as an “attractive privatisation/takeover candidate”.

This comes after the manufacturer and supplier of high-precision injection molds and plastic parts on Friday released its financial statement last Friday for 3Q/9M16, declaring a second interim dividend of 25 cents and an improved 9M gross margin of 2 percentage points to 16%.

Hi-P International posts 26% rise in 3Q earnings to $30.7 mil on lower expenses, improved efficiencies

SINGAPORE (Nov 3): As previously guided, Hi-P International’s 3Q16 earnings have risen to $30.7 million, 26.3% up from a year ago due to “improved manufacturing efficiencies”.

To recap, the manufacturer of precision injection moulds last month issued a revised profit guidance announcement saying it expected to report a higher profit for 3Q due to “tighter cost controls, improvement in production efficiency and higher sales”, instead of a lower profit as guided in August this year.

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