Barring unforeseen circumstances, the Group expects
all its Business Segments to continue to
contribute positively to the Group results for the
current financial year, particularly, the Specialist
Relocation projects in the PRC and USA and the
cross-border freight business.
As expected, Chasen reports another set of good result.
1. revenue for the 9 months ending dec ' 17 up 25% from S$73.9 to S$92.5 mil.
2. profit up from S$1.6 to S$3.4 mil. Up by 112%
3. management comments also positive ...
a) Our Specialist Relocation Business Segment continues to secure new projects
b) Our newly established USA operation also succeeded in securing business
c) The Group expects its Southeast Asia-PRC cross-border traffic to continue its growth
d) Recently secured projects by construction related business in the Technical
and Engineering Business Segment are expected to commence by the end of the current financial year
e) telecommunication contract manufacturing sector is still buoyant.
Looks like current financial year is going to be the best of the last 5 year.
Dividend payout is likely to be higher too.
The management comments have been very encouraging. It seems that the recent investments in USA, cross-border logistics etc have been bearing fruits. Post below is the full text of the management comments:
Quote:
Our Specialist Relocation Business Segment continues to secure new projects with revenue extending well into then ext financial year 2019. This is in line with current economic opportunities in the PRC, Malaysia and Vietnam. Our newly established USA operation also succeeded in securing business for the next phase of existing customer&rsquo s plant expansionThe Group expects its Southeast Asia - PRC cross - border traffic to continue its growth despite increasing competition. Recently secured projects by construction related business in the Technical and Engineering Business Segment are expected to
commence by the end of the current financial year while the telecommunication contract manufacturing sector is still buoyant.
Barring unforeseen circumstances, the Group expects to remain profitable for the current financial year.
Unquote
Summary
1. Specialist Relocation Business Segment secures new project
2. USA operation also succeeded in securing business
3. Southeast Asia - PRC cross - border traffic to continue its growth
4. construction related business in the Technical and Engineering Business Segment
to commence end of current year.
5. the telecommunication contract manufacturing sector is still buoyant.
So, it seems all sector within the company is moving!
9 months profit exceeded last year full year by 17%
Profit for current financial year is likely to be the best of the last 5 years.
Current year profit for 9 months is S$3.05 millions against last year full
year profit of S$2.59. This is 17% higher than last year full year.
For the record, profit for year 2014 to year 2017 was between profit of
S$2.6 millions and loss of S$1.469 millions.
The 9 months comparison is even more impressive with current year
profit of S$3.0 million against last year S$1.3 million, an improvement of
126%.
Given the positive comments from management, the current year financial
result is likely to be very good.
