The recovery of the local construction sector, following major stoppages during the pandemic, has helped lift the earnings of not just contractors, but also upstream companies, like those who supply building materials. Two pure-play building materials stocks, BRC Asia and Pan-United Corp, have alrea...

GKE Corporation’s earnings for the FY2022 ended May 31 plunged 59.2% y-o-y to $4.7 million from $11.5 million previously.Earnings per share (EPS) fell by 59.1% y-o-y to 0.61 cents for the FY2022.Revenue for the full year fell 11.9% y-o-y to $104.8 million.Gross profit fell 8.4% y-o-y to $26.3 mill...

“We believe developers may have slowed down project executions in Wuzhou in 2HFY2022 given [the] near-term tight liquidity in the construction sector,” they write. “As such, we see weaker-than-expected volume sales from GKE’s RMC plant in Wuzhou.”Positively, Singapore’s logistics segment...

CGS-CIMB has downgraded its call on GKE Corp to “hold” from “add” as it sees a slowdown in the Catalist-listed logistics provider’s ready-mix concrete (RMC) operations due to weakening sentiment in China’s property sector as well as tougher macroeconomic conditions.

SAC Capital’s Lim Shu Rong has downgraded GKE Corp to “hold” from “buy”, together with a reduced target price of 12.3 cents from 17.1 cents previously, following the company’s 1HFY2022 earnings that missed expectations. For the company’s six months ended Nov 2021, earnings dropped by 4...

SAC Capital has downgraded GKE Corporation (595) to "hold" from "buy" after the integrated warehouse and logistics solutions provider's first half FY2022 results missed expectations.

CGS-CIMB analysts Ong Khang Chuen and Kenneth Tan have maintained their “add” rating on GKE Corp with a lowered target price of 16 cents from 21 cents previously. According to Ong and Tan, GKE’s net profit of $3.8 million for the 1HFY2022 ended Nov 30, 2021. The figure, which was a 41.5% y-o-y...

CGS-CIMB has lowered its target price for GKE Corporation from S$0.21 to S$0.16 to reflect lower revenue and margin assumptions on the China infrastructure materials segment, the brokerage stated in a research report on Tuesday (Jan 18).

Warehousing space provider GKE has reported a 41.5% y-o-y drop in earnings to $3.8 million, on the back of a 8.4% decline in revenue to $55 million for its 1HFY2022 ended 30 November 2021. The significant earnings drop was partly due to the reduction of some $2.2 million in government wage support c...

GKE Corporation, the integrated warehousing and logistics solutions provider, will be acquiring a 100% stake in Fair Chem Industries for $12.5 million. The target company is an established specialty chemicals warehouse operator with tolling and specialty chemical manufacturing capabilities in Singap...

WASHINGTON :The U.S. Commerce Department on Wednesday said it had placed a dozen more Chinese companies on its trade blacklist, citing national security concerns and in some cases their assistance to the Chinese military.The Commerce Department said Hangzhou Zhongke Microelectronics Co., Ltd., Hunan...

When the pandemic broke out last year, supply chains, already stretched by superpower trade tensions, took a beating as borders closed just as demand for food, medical supplies and online purchases surged. Twenty months on, what lessons have the world learnt? How have companies adapted to the change...

GKE Corporation has announced that its ready-mix concrete (RMC) manufacturing facility and construction material waste recycling plant located in Cenxi City, Guangxi, China have come online. In May 2019, GKE had announced the development of Cenxi Xing Jian Readymix Co, an RMC manufacturing facility ...

GKE Corp has released a stellar set of results for FY2021 ended May 31. The warehousing and logistics company has proposed a final (tax exempted) dividend 0.4 cent a share for FY2021, subject to shareholder approval. During the year, GKE’s earnings more than doubled to $11.5 million from $4.7 mill...

CGS-CIMB Research analyst Lim Siew Khee has kept her top picks for the reopening of the Singapore economy to SATS, Frasers Centrepoint Trust (FCT) and United Overseas Bank (UOB). This comes as the Singapore government has relaxed its Covid-19 measures to now allow a group of five diners from July 12...