manufacturing

Local manufacturing firms increasingly optimistic amid ongoing trade war: EDB survey
SINGAPORE (July 31): Positive business sentiment is on the uptrend among Singapore's manufacturers even with the ongoing US-China trade war, according to the Economic Development Board’s (EDB) Survey of Business Expectations of the Manufacturing Sector for 3Q18. Compared to the EDB’s findings over 2Q, a net weighted balance of 5% of Singapore’s manufacturers are expecting output to ...
Sino Grandness rolls out own-branded products in Meiyijia, Meiyiduo outlets across China
SINGAPORE (June 29): Sino Grandness Food Industry Group has expanded its distribution network further in the China market with its own-branded products, namely across Meiyijia convenience stores and Meiyiduo supermarkets in China. The products comprise Sino Grandness’ Garden Fresh juices, Grandness canned fruits, and First snack products. Meiyijia convenience stores are managed by ...
This undervalued chemical player is a proxy to global economic growth, says SAC Advisors
SINGAPORE (June 26): SAC Advisors is starting coverage on Megachem at “buy” with a target price of 50 cents, which translates into 14.9 times FY19P/E to imply a 26% discount to the sector average. In an initiation report on Tuesday, analyst Eing Kar Mei highlights the speciality chemicals provider as a proxy to the stronger global economy with an attractive dividend yield of ...
Robots still missing from the largest part of Japan’s economy
TOKYO (June 22): Japan is famous as a land of robots, but most of those machines haven’t made their way off of factory floors. That presents an opportunity in a country with a serious labor shortage and a relatively unproductive services sector. Automation is seen as a key to better productivity and higher wages, which would in turn support consumption and help push inflation closer to the ...
Spindex sells industrial property to JTC Corp for $3.7 mil
SINGAPORE (June 4): Spindex Industries is surrendering its lease at its industrial property at 6 Neythal Road, which is located in the Jurong West region of Singapore, to JTC Corporation for $3.7 million after accounting for reinstatement costs.  The property’s market value is $4.07 million. Spindex says the consideration sum was arrived at in view of general market ...
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.   This brings the group’s earnings for FY18 to RMB20.6 million, down 26.7% from RMB28.1 million a year ago. A first and final dividend of 1 cent per share has ...
This meteoric tech stock has come crashing back to earth
SINGAPORE (May 9): After a spectacular rise for two years, Singapore’s biggest technology company is suddenly returning to earth. All eyes in the country’s financial community have been on Venture Corp., an electronics stock that more than tripled since April 2016 to become -- at one point -- a US$6.5 billion firm. So meteoric was its advance that Venture became the only technology company ...
Khong Guan 1H earnings up eightfold at $0.8 mil on lower costs & expenses
SINGAPORE (Mar 14): Biscuit manufacturer Khong Guan reported 1H18 earnings of $0.8 million for the half year ended Jan 2018, up eightfold from $95,000 a year ago on lower costs and other expenses. Revenue grew 0.25% to $28.8 million from $28.7 million in 1H17, with the modest increase attributed to an improvement in the turnover of the group’s Swee Hin Chan (SHC) operations in ...
Smartphones nearly killed Memtech. Elon Musk brought it back
SINGAPORE (Mar 6): The rise of the smartphone almost broke Tze-Mon Chuang’s company -- Elon Musk provided its salvation. Singapore-based Memtech International Ltd. has more than doubled its market value in the past year thanks to tie-ups with the likes of Tesla Inc. The manufacturer is a key supplier to Musk’s pioneering auto company, making plastic components for its battery ...
JB Foods' 4Q earnings up fivefold to US$6.5 mil on improved margins
SINGAPORE (Feb 28): Cocoa ingredients producer JB Foods announced earnings of US$6.5 million ($8.6 million) for 4Q17, representing a fivefold increase from its earnings of US$1.1 million a year ago on margin improvements.  Quarterly revenue fell by 6.8% to US$75.5 million from US$81 million in 4Q16, mainly due to lower average selling prices (ASPs) to the group’s customers due to the ...