Sapphire Corp

Sapphire Corp secures $87.2 mil engineering & construction contract in Hangzhou

SINGAPORE (Sept 17): Sapphire Corporation has secured a contract valued at RMB 436 million ($87.2 million) for the engineering and construction of core infrastructure structures for an urban subway system in Hangzhou, China.

The project involves the construction of a subway station and two intervals, including underground passenger pathways access in an urban environment.

As the highlight of the project, this showcases the Sapphire’s multi-disciplinary engineering and project management capabilities, says the group in a filing on Monday.

Sapphire Corp on track to win more rail contracts with HNA backing

SINGAPORE (Oct 26): Shares in Sapphire Corp, the railway infrastructure engineering firm, closed 6% or 2 cents to 32 cents on Friday with 1.5 million shares changing hands . 

The Edge Singapore this week (Issue 803) reports China’s HNA Holding Group Co is acquiring a major stake in Sapphire. This could open doors for the company to win more contracts amid a boom in infrastructure development spending in emerging markets.

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Sapphire firing on all cylinders

Sapphire Corp Group CEO Teh Wing Kwan

SINGAPORE (Jan 13): Teh Wing Kwan, group CEO of engineering firm Sapphire Corp, is happy when he can’t reach his China-based colleagues at their offices. “That means they are out, doing something,” he says.

Since coming on board three years ago, Teh has been restructuring the company.

Specifically, he focused the group around a unit called Ranken, which was acquired in late 2015 for RMB360.4 million ($74.6 million) to drive the China engineering business. The various old businesses are being sold.

STI down 0.2% to 2,870.24

SINGAPORE (Oct 10): Singapore shares ended lower in line with most of its regional peers.

As at 5.04pm, the benchmark Straits Times Index (STI) closed 5 points or 0.17% lower at 2,870.24.  In the broader market, 2.2 billion shares valued at $631.5 million changed hands. Gainers outnumbered losers 197 to 181.

Sapphire gets a query as shares surge

SINGAPORE (Oct 10): Shares of Sapphire Corp., the engineering and construction company, rose as much as 9.1% or 3 cents to 36 cents on Monday.

This triggered a query from Singapore Exchange on "unusual" price and volume movement.

In this week's issue of The Edge Singapore, group CEO Teh Wing Kwan says the group is rebuilding itself.

Sapphire, SUTL, Zhongmin Baihui, Khong Guan, Lifebrandz, SGX

SINGAPORE (Sept 29): Here are some stocks that could move the market this Thursday morning:

Sapphire Corporation secured a $92 million contract to build part of Beijing’s metro railway system. Wholly owned subsidiary Ranken Infrastructure will undertake work for 834m of the 29.6km Beijing Metro line 12. The project is slated for completion in over four years and is expected to have a positive impact on the company’s financial performance from FY 17. Shares of Sapphire closed 1.7% lower at 29 cents.

Sapphire’s 1Q earnings more than quadruple to $2 mil

Sapphire Corp logo

SINGAPORE (May 11): Mainboard-listed Sapphire Corporation saw 1Q16 earnings soar 319% to $2.0 million from 1Q15, driven mainly by the consolidation of revenue contributions from Ranken Infrastructure, its recently-acquired rail engineering business.

Earnings per share for 1Q16 was 0.60 cent, up from 0.17 cent in 1Q15.

Revenue for 1Q16 more than tripled to $53.7 million, up from $15.4 million in the previous corresponding quarter.

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