|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.
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.
For more, click on company annoucement here. • Hotel income increased by 25% from US$48.2 million in 9M2018 to US$60.4 million in 9M2019.
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.
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.
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."Mr Pek Lian Guan, CEO of Tiong Seng Holdings, said, "