Photo: 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 |
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!