Tiong Woon Corporation’s earnings of $11.4 million for the FY2022 ended June, which was up 15% y-o-y, was deemed “healthy” by UOB Kay Hian Research analyst John Cheong.However, despite the “commendable growth”, the company’s earnings for the year fell short of the analyst’s expectation...

Both the chairman and CEO of Mooreast Holdings have increased their stake in the company after the specialist in mooring systems reported a y-o-y doubling of earnings for 1HFY2022 ended June.On Aug 15, founder and CEO Sim Koon Lam acquired 150,900 shares on the open market at an average of 13.66 cen...

Crane company Tiong Woon Corp Holdings has reported earnings of $11.4 million for FY2022 ended June, up 15% y-o-y. Revenue in the same period was up 9% y-o-y to $122.6 million, driven by the pick up in construction activities.The company enjoyed a better gross margin of 40.2% for FY2022, versus 37.6...

UOB KayHian Group Research analyst John Cheong has initiated a “buy” rating on Tiong Woon Corp with a target price of 88 cents.Tiong Woon is the second-largest crane operator in Singapore with a strong regional presence, such that the analyst believes the group is well-positioned to benefit from...

UOB Kay Hian (UOBKH) has initiated coverage on crane specialist Tiong Woon Corporation with a “buy” call and a target price of S$0.88, which implies a potential upside of 63 per cent from the stock’s Monday (Aug 22) closing price of S$0.54.  UOBKH’s valuation is based on a FY2022 pr...

Singapore’s manufacturing output expanded by 14.6% y-o-y in November, according to data released by the Singapore Economic Development Board (EDB) on Dec 24. The growth marks the second straight month of growth since October. Excluding biomedical manufacturing, the country’s manufacturing outp...

Singapore’s manufacturing output increased by 16.9% on a y-o-y basis in October, according to preliminary data released by the Singapore Economic Development Board (EDB) on Nov 26. This marks a return to growth after the 2.2% decline in manufacturing output recorded in September, which had broken...

Singapore’s manufacturing output has expanded by 11.2% y-o-y in August, according to data released by the Economic Development Board on Sept 24. This marks the tenth straight month of growth. However, the figure also represents further easing after the 16.7% growth recorded in July and 30% growth ...

Tiong Woon announced that its earnings for the FY2021 ended June period came in 30% higher at $9.9 million, compared to $7.6 million in FY2020, mainly due to lower expenses. The higher earnings was despite a 9% drop in revenue to $112.9 million, compared to $124.7 million last year, attributable to ...

Singapore’s manufacturing output has expanded by 16.3% y-o-y in July, making this the ninth straight month of growth. The figure, however, represents a slight easing from the 30% growth recorded in May, and the 27.5% expansion logged in June. Excluding biomedical manufacturing, output grew by 5.8%...

TIONG Woon Corporation will likely be a key beneficiary of a construction sector recovery, said Lim & Tan Securities, as it initiates coverage on the heavy-lift specialist and service provider with a "buy" call and a target price of S$0.84.

TIONG Woon Corporation will likely be a key beneficiary of a construction sector recovery, said Lim & Tan Securities, as it initiates coverage on the heavy-lift specialist and service provider with a "buy" call and a target price of S$0.84.

Singapore’s manufacturing output has expanded by 30% y-o-y in May, marking the seventh consecutive month of growth. The figure, which exceeded the median estimate of a 24.1% y-o-y growth according to Bloomberg estimates, is the fastest growth seen by the republic since November 2010. The surge was...

THE following companies saw new developments that may affect trading of their securities on Friday:

Mainboard-listed Tiong Woon Corporation Holding has secured two five-year contracts with Shell Eastern Petroleum and Shell Chemicals Seraya (collectively Shell) for the provision of crane rental services. The contracts were awarded to Tiong Woon’s wholly-owned subsidiary Tiong Woon Crane on Oct 8....