VOYAGE Research - Casting Wider Net to Secure New Projects (Update)
Written by Thursday, 15 August 2013 13:24
CosmoSteel Holdings Limited’s (CosmoSteel) 9MFY13 (ended Jun 2013) net profit of S$5.2m was lower than expected (49.5% of prior full year estimate of S$10.5m). Nonetheless, 9M FY13 gross profit of S$22.8m still accounted for 67.3% of our previous full year estimate. CosmoSteel recently signed a MOU to collaborate with a local conglomerate in the piping system & steel products business in Myanmar. We look forward to potential joint projects under this MOU.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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Posted by inphyy > 2013-09-02 10:11 | Report Abuse
VOYAGE Research - Casting Wider Net to Secure New Projects (Update)
Written by Thursday, 15 August 2013 13:24
CosmoSteel Holdings Limited’s (CosmoSteel) 9MFY13 (ended Jun 2013) net profit of S$5.2m was lower than expected (49.5% of prior full year estimate of S$10.5m).
Nonetheless, 9M FY13 gross profit of S$22.8m still accounted for 67.3% of our previous full year estimate. CosmoSteel recently signed a MOU to collaborate with a local conglomerate in the piping system & steel products business in Myanmar.
We look forward to potential joint projects under this MOU.