SINGAPORE (July 15): On July 8, construction company Lian Beng Group announced that it had won contracts worth $235 million to build a logistics centre at Boon Lay. The company’s net construction order book now stands at about $1.5 billion. That is about 58% higher than the $947 million at the end of its last financial year ended May 31, 2018.
SINGAPORE (July 15): On July 8, construction company Lian Beng Group announced that it had won contracts worth $235 million to build a logistics centre at Boon Lay. The company’s net construction order book now stands at about $1.5 billion. That is about 58% higher than the $947 million at the end of its last financial year ended May 31, 2018.
SINGAPORE (May 7): Sunningdale Tech, the precision plastic manufacturer, reported 1Q earnings fell 59.1% to $0.79 million from a year ago on lower sales from the automotive sector and lower margins.
No dividend has been declared for the quarter.
Group revenue fell 5.6% to $159.5 million as sales automotive mould fabrication decreased 14.5% due to fewer orders on weakening demand across global automotive markets, delays in new project launches and certain projects reaching end of life.
SINGAPORE (Mar 7): Sunningdale Tech says that the group’s latest manufacturing sites in Chuzhou and Penang are part of its long-term strategy to build a sustainable and profitable business model.
Khoo Boo Hor, executive director and CEO of Sunningdale, says, “Whilst the board does not ignore the share price movement, we believe that our unwavering focus on the fundamentals of our businesses will bring more enduring long-term value accretion to our shareholders.”
SINGAPORE (Dec 13): Precision plastic components manufacturer Sunningdale Tech says it believes focus on the fundamentals of its business will bring greater benefit to shareholders over the long run than raising its dividend distribution.
“Whilst the Board does not ignore the share price movement, we believe that our unwavering focus on the fundamentals of our businesses will bring more enduring long-term value accretion to our shareholders,” Sunningdale says in a filing to SGX after market close on Thursday.
SINGAPORE (Dec 13): Activist investment group Quarz Capital Management is urging the board and management of Sunningdale, the global player in precision plastic engineering, to take decisive actions to address the severe undervaluation and promote shareholder value next year.
Quarz wants Sunningdale to increase its dividend distribution to 60% of core net profit to all shareholders -- translating into a dividend yield of 7% -- while it continues to invest $25 million in capital expenditure and retain $17 million of cash flow per year.
Sunningdale is one of the leading manufacturers of precision plastic components. The group focuses on serving four key business segments – automotive, consumer/IT/environment, healthcare and tooling.
SINGAPORE (Aug 15): Koh Boon Hwee overcame big crises during his four-decade career as a company executive. He led a national airline through the SARS epidemic in 2003, and steered Southeast Asia’s largest bank in the aftermath of the Lehman Brothers Holdings Inc. collapse.
But what the veteran Singapore entrepreneur, businessman and technology investor found most difficult was telling staff their time was up.
SINGAPORE (May 28): UOB KayHian says the correction of Sunningdale Tech is overdone and that the stock is trading at rock-bottom valuations with an attractive yield.
After its 1Q18 results announcement, Sunningdale’s share price has retreated by more than 20%.
At $1.45, the stock is trading at 0.5 times 2018F P/B and 7.1 times 2018F P/E compared with other plastic injection moulders such as Memtech International which is trading at close to 1.1 times 2018F P/B and 11.0 times 2018F P/E respectively.
