Uni-Asia Group: The Group recorded a 35% increase in net profit attributable to shareholders of US$6.7 million for 9M2019.

Total income rose by 20% to US$102.9 million, boosted by an increase in investment returns and hotel income.


HotelAkasakaLobby of Hotel Vista Premio Tokyo Akasaka operated by Uni-Asia Group:  Photo: Hotels.com• Hotel income increased by 25% from US$48.2 million in 9M2018 to US$60.4 million in 9M2019.

Average occupancy rates for the Group’s hotels increased to 83.3% as compared to 79.7% for 9M2018. 

• Investment returns for 9M2019 was a gain of US$8.1 million compared to US$0.8 million for 9M2018.

Realised gain on investment properties was US$1.3 million.

Realised gain from ship and property investments contributed US$2.5 million to investment returns, while fair valuation gain from the Group’s 3rd Hong Kong commercial office property projects contributed US$3.8 million.

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Tiong Seng Holdings: The construction group and property developer signed a Research Collaboration Agreement (RCA) with Ngee Ann Polytechnic to set up Singapore's first jointly-established construction robotics lab by a private-sector enterprise and an Institute of Higher Learning.

As part of a five-year strategic collaboration, Tiong Seng and Ngee Ann will work on applied R&D in the field of industrial-grade robotics for the construction industry. Located within the Ngee Ann Polytechnic campus, the Tiong Seng-NP Construction Robotics Lab aims to combine Tiong Seng's technological expertise and market know-how with NP's strong robotics R&D arm to develop useful robotic solutions for the built environment sector.

 

The potential applications conceptualised at this early stage include AI-enabled robotic inspectors for construction sites. Apart from empowering quality checkers and supervisors with precision robotics to ensure better accuracy and higher quality output, the robotic inspectors will also facilitate consistent inspection procedures across all construction projects.

Since 2014, Ngee Ann has developed many successful robotic applications for various sectors including the healthcare and education industries. Supported by NP's strong R&D capabilities and established track records, the Group aims to leverage this platform to groom young talent in the robotics field, enhance competency and generate new waves of Innovation and breakthroughs for the built environment sector.

 

peklianguan 3CEO Pek Lian Guan. NextInsight file photoMr Pek Lian Guan, CEO of Tiong Seng Holdings, said, "This collaboration has the potential to yield long-term synergistic benefits for both parties and the sector as a whole. Supported by Ngee Ann Polytechnic's proven R&D capabilities and established track record in robotics, we are confident of leading the charge in developing unique and intelligent construction solutions to enhance productivity, safety and the quality of our projects. Over the longer term, these efforts will also complement the government's overarching vision of streamlining construction processes while creating new and better jobs in the sector. Beyond capability development, this joint lab serves as an avenue for Tiong Seng to give back to the community by grooming budding talent crucial for the advancement of our industry."

 


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