Global Economy

Profitability versus resiliency: Business choices in a post-pandemic world

While the Covid-19 outbreak popped up suddenly out of nowhere, the fragility of large firms has been growing for some time. Forty years of falling interest rates has made increasing corporate leverage too irresistible.


Shedding light on IOI Corp's five-year plan

Two years after concluding the sale of a 70% stake in Loders Croklaan Group BV to Bunge, IOI Corp has yet to make a substantial acquisition with the proceeds that were earmarked for future investments.

Tong's Portfolio

Cash flow relief to keep viable companies afloat

(Apr 9): Five months into the Covid-19 pandemic and there remains much that we do not know about the virus. Every government is grappling with the unknown, from the most powerful nations in the world, including the US and the UK, to the smaller, emerging

China Focus

US companies continue to see growth in China amid uncertainties

SINGAPORE (Feb 26): Despite ongoing trade tensions between the US and China, the Asian economic giant remains to be a high priority market for most companies, although many seem to be tempering their investment plans.

Geo Energy pays interim dividend as earnings rise, eyes another acquisition

(Nov 20): Geo Energy Resources has achieved a big improvement in profitability this year, on increased production at its coal mine in Indonesia as well as higher selling prices. And, production at its second mine could kick off next year. Now, confident t


Serial System swings back into profitability in 1Q with earnings of $3.8 mil

SINGAPORE (April 28): Serial System has announced earnings of US$2.7 million ($3.8 million) for the first quarter ended March 31, reversing from its loss of US$6.6 million in the same period a year ago as losses from associate companies shrank while allow

Money, not legacy, makes Singapore’s family businesses go round

SINGAPORE (March 29): A growing number of Singapore’s homegrown enterprises are becoming increasingly practical such that the traditional family business model may be going extinct, suggests new research jointly conducted by KPMG and CPA Australia.

Broker's Calls

‘Cloudy and challenging’ outlook holding iFAST back

SINGAPORE (Feb 20): RHB is remaining “neutral” on iFAST Corporation with a lower target price of 79 cents from 88 cents previously, after the online investment platform on Friday posted a 55% decline in FY16 earnings.


Swee Hong posts 1H17 turnaround with $27.4 mil net profit

SINGAPORE (Feb 14): Swee Hong has announced its second consecutive quarter of profitability with 2Q17 earnings of $2.1 million from its $5.5 million loss a year ago – which brings the civil engineering group’s net profit for 1H17 to $27.4 million, com


Tat Hong swings back to profitability in 3Q

SINGAPORE (Feb 14): Crane rental company Tat Hong Holdings has swung back to profitability in 3Q with earnings of $0.2 million, thanks to higher operating income, a one-off gain on disposal and lower operating costs.