Precision Engineering

GSS Energy rides on precision engineering chops to enter market for EV motorbikes - THE EDGE SINGAPORE

AVs and EVs

GSS Energy rides on precision engineering chops to enter market for EV motorbikes

Is there a market for electric motorcycles? GSS Energy thinks so, and has partnered with the Lamborghini family to create one.


Grand Venture Technology makes 2 acquisitions totalling $20 million

GVT expects the acquisition to contribute to its revenue streams, and give it more capability to build a sustainable business.

Company in the news

JEP to book 'small profit' while UMS is kept busy with more orders despite pandemic

Luong claims that customers like to turn to “younger, healthier” suppliers like JEP which has a better chance of surviving the economic downturn compared to certain suppliers in the US or Europe.


Allied Tech recuses three directors, including JLC partner

SINGAPORE (May 27): Allied Technologies says three of its directors have recused themselves due to conflicts of interest related to the missing $33.2 million from its escrow account held by law firm JLC Advisors.

Singapore economy

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 Se

Broker's Calls

Will FY18 be another record year for UMS Holdings?

SINGAPORE (Mar 1): DBS and CIMB are positive on the outlook of UMS Holdings, maintaining their respective “buy” calls with higher target prices after the group delivered record 4Q profits on higher revenue and a one-off gain.


UMS Holdings' 4Q17 earnings treble to $15.8 mil on higher revenue & one-off gain

SINGAPORE (Feb 27): Precision engineering group UMS Holdings saw a near trebling of its 4Q17 earnings to $15.8 million from $6 million a year ago on higher revenue and a one-off gain.

Nordic Group announces $20.6 mil worth of contract wins

SINGAPORE (Jan 4): Nordic Group has announced that several of its divisions have recently clinched contracts amounting to approximately $20.6 million in total from both new and repeat customers, comprising multinational companies (MNCs) and companies in t

Singapore economy

Singapore manufacturing output up 5.3% in Nov even as pharma tumbles

SINGAPORE (Dec 26): Singapore’s manufacturing output increased by 5.3% year-on-year in November, some 2.8 percentage points below economists’ expectations as pharmaceuticals output dived 31.1%.