Tat Hong issued a profit guidance yesterday evening. Following the preliminary review of its consolidated results, the group expects to report a loss for 2QFY17, attributing this to challenging market conditions in Singapore and Australia.

We have previously mentioned the subdued demand expected in key markets while we believe the group's Tower Crane Rental Segment remained as a key support. Pending more clarity when the group releases its 2QFY17 results next Monday evening, we currently have a HOLD rating and fair value estimate of S$0.49.

Source: OCBC Research - 8 Nov 2016