lift TLCPhoto: Company This evening, we are heading up with several other people -- including new substantial shareholder Robert Stone -- to Ho Chi Minh City to check out the operations of SHS Holdings. 

SHS has a prefab modular factory, and is building a new one as it gears up for high demand for its products.

From there, modular parts -- such as bathrooms -- of hotels and apartments are produced and shipped out. 

This looks like a new business about to take wings (while the company's corrosion prevention, and engineering & construction businesses continue to face tough times). 

In its recent FY2017 results announcement, SHS said its modular construction business has "successfully entered the New Zealand market with delivery of the first modular hotel in Christchurch to take place in 1H18."

Stock price 

22 c

52-week range

20 – 25 c

PE (ttm)

-- 

Market cap

S$151 m

Shares outstanding

685 m

Dividend 
yield (ttm)

0.9%

1-year return

1%

Source: Bloomberg

It added: "Following this, the Group is cautiously optimistic that more modular contracts will follow with more adopters for the new technology."

The Christchurch hotel project -- contracted at NZ$11.2 million (US$8.2 million) -- was first announced by SHS in June 2016. 

It had said that 60%-owned subsidiary TLC had secured the contract for the construction of an 88-room hotel in Christchurch.

Look out for our report and pictures from Ho Chi Minh City!


Share Prices

Counter NameLastChange
AEM Holdings1.030-0.020
Alliance Mineral0.123-0.007
Anchor Resources0.0150.001
AusGroup0.027-0.001
Avi-Tech Electronics0.280-
Best World Int.1.360-
China Sunsine1.130-
CSE Global0.4850.005
Food Empire0.500-
Geo Energy0.161-0.001
Golden Energy0.210-
GSS Energy0.082-0.001
HMI0.7200.005
ISDN Holdings0.235-
KSH Holdings0.425-
Miyoshi0.042-
Moya Asia0.0760.001
Nordic Group0.300-
Oxley Holdings0.3300.005
REX International0.069-
Riverstone0.915-0.015
Roxy-Pacific0.400-
Sing Holdings0.405-
SingMedical0.380-
Sino Grandness0.0470.002
Straco Corp.0.775-0.005
Sunningdale Tech1.380-0.020
Sunpower Group0.4900.005
The Trendlines0.080-
Tiong Seng0.2450.010
Uni-Asia Group0.750-
XMH Holdings0.153-
Yangzijiang Shipbldg1.5200.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 2145 guests and no members online