The Company is pleased to announce that as at 7 January 2020, it has received sales orders worth S$245 million for delivery in FY2020. Based on the sales orders received so far and the business outlook going forward, the Group expects FY2020 revenue to be between S$330 million to S$350 million
, and CAPEX to be about S$4 million.
"Currently, the full year sales guidance of S$360 million to S$380 million as provided on 25 February 2020 remains unchanged. The Company is pleased to guide that it expects to have a record quarter for its 1Q2020 in term of sales of between S$135 million to S$145 million. The Company is also cautiously confident that its 1H2020 will be an all time high despite some shifts in the delivery of its sales orders resulting from the Covid-19 situation."