Despite slightly lower revenue (-3% vs. 2018) for the 1st 6 months of 2019 (till Sep 30th, 2019, their fiscal closes on 31st Mar 2020), their gross margin among the highest now in the piling industry, with bottomline finally turning profitable at $3M, after 8-9 years of losses. They had bagged many > $30M projects (go see their list of projects listed in their website, incl. boring for the Thomson line MRT 2 stations, few HDB projects, one Neste Singapore & few LTA awarded projects. Given cross-island line going to tender soon, their prospect is high to maintain profitability into 2020. Worth a look bros.....
I' m vested for Chiong arh!
