GKE Corporation

I dont know if it is a bear trap. I normally ignore these things.
I look at revenue, profit trends and valuations then decide.

Warehouses segment

" Our warehouses are currently operating at optimal occupancy, and securing longer-term contracts with our customers provide us with stable earnings visibility."

Above is a quote taken from the company' s press release on 15 January.

Company is basically involved in warehousing and infrastural materials, namely Ready Mixed Concrete (RMC).

Both segments are doing well. As per management comments,
1) the warehouse is operating at optimal occupancy and
2) Infrastructural materials and services segment continues to register strong earnings growth on the back of China' s economic recovery. Production capacity has been increase from 800,000m cubic to 1,200,000m3.

FYI.

GKE - Half year result (S$1000)

               30-Nov-20        30-Nov-19
revenue     60050             54968          up 9.2 %
profit         6522               1806            up 261%

The half-year result has exceeded last year' s full-year result of $4.6 million.

GKE more than triples net profit to S$6.5 million in 1H FY21 

Improved income contribution from RMC manufacturing facilities,
backed by increasing infrastructural projects in China 

A further five-year lease renewal of 30 Pioneer Road supports the
Group to manage costs effectively.

Good volume today w 7.3 million shares traded. Closed at 13.1 cents. Up 0.4 cents.