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Chasen
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Chasen Hldg
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Winall88
Senior |
10-Jul-2026 08:36
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It' s not the only time towards the end of day a lot of people offload and some people pick up leh..
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piscesmonkey
Supreme |
10-Jul-2026 08:19
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That why all big buyer coning at 105. And 106 107 1 mouth eat up. Near closing yesterday
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Chansenghoe1971
Elite |
10-Jul-2026 06:41
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strategic opportunities mean what? Certainly not contract. If so, will announce. It likely means M& A. Acquire someone or be acquired by someone. Hope acquired cos nav about 30 so will sell near or above. ' ride on it while train not move if so. Really Huat da r!
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piscesmonkey
Supreme |
09-Jul-2026 22:57
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Good news. Tmr chiong up high? | ||||
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SmallSmall
Supreme |
08-Jul-2026 16:12
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$0.108....+$0.002 | ||||
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piscesmonkey
Supreme |
08-Jul-2026 16:12
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Power up | ||||
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piscesmonkey
Supreme |
08-Jul-2026 10:28
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Ytd alteady sol. Today wait at 100
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TraderBen
Supreme |
08-Jul-2026 09:52
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haha expected when u see it drop haha
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piscesmonkey
Supreme |
07-Jul-2026 16:56
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Sold off at 106/107 huar ah
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SmallSmall
Supreme |
07-Jul-2026 16:52
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Negative to positive.... Stocks are beginning to move 2 ways slowly |
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piscesmonkey
Supreme |
07-Jul-2026 16:43
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Dow chiong up that why chasen chiong up?
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piscesmonkey
Supreme |
07-Jul-2026 15:40
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Dow future 100 now
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TraderBen
Supreme |
07-Jul-2026 12:59
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looks likely can get 99 today liao stocky | ||||
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TraderBen
Supreme |
07-Jul-2026 11:15
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dont think still got alot of contras around.. maybe left a few..
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piscesmonkey
Supreme |
07-Jul-2026 10:38
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Bought back 103 😁
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Stocky901
Supreme |
07-Jul-2026 09:24
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Possible.. too many contra stuckers at above 0.110..🧐
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TraderBen
Supreme |
07-Jul-2026 09:12
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if break down 104 will be very ugly.. | ||||
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Joelton
Supreme |
04-Jul-2026 14:10
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Relocation specialist Chasen rides chip growth eyes more solar panel projects The ongoing AI-led capex has resulted in positive spillovers for business sectors far and wide. As semiconductor-related firms invest in new capacity across various localities, their very expensive and somewhat fragile equipment has to be moved by specialised companies, such as Singapore-listed Chasen Holdings (SGX:5NV) . Headquartered in Singapore and operating across six countries &mdash Singapore, Malaysia, Vietnam, China, India and the US &mdash Chasen&rsquo s business segments comprise specialist relocation solutions, third-party logistics and technical & engineering services. Chasen&rsquo s history has largely involved helping firms relocate their plants. In 2007, Chasen was listed on the Singapore Exchange&rsquo s Sesdaq board &mdash now known as Catalist &mdash via a reverse takeover of China Entertainment Sports. Following this, in 2011, it was awarded its first major Korean project: the relocation of an OLED (organic light-emitting diode) production line from Busan, South Korea, to Shanwei in Guangdong province, China. In 2016, it clinched a US$12 million project to handle inbound cargo and the move-in of equipment and materials for an automobile manufacturing plant. Over the years, Chasen has worked with clients such as ASML, Applied Materials, Intel, LG and Micron. Relocation core In a recent interview with The Edge Singapore, managing director and CEO Justin Low Weng Fatt and executive director Eddie Siah Boon Hock share that the company is now positioning its specialist relocation segment to benefit directly from the global surge in data centres and AI infrastructure. For Chasen&rsquo s recent FY2026 results ended March 31, revenue grew by 2% y-o-y to $118.3 million, supported by the specialist relocation segment where its US operations continue to benefit from the scale-up under the multi-million-dollar relocation contract with a major electric vehicle battery manufacturer, alongside semiconductor-related project work. The specialist relocation segment accounted for close to 73% of its total revenue in FY2026, with the remaining 27% from its third-party logistics and technical & engineering segments. Gross profit margin for the year also improved from 18.2% to 19.7%, driven by a more favourable service mix, with higher revenue and margin contributions from high-value services within the specialist relocation segment. &ldquo Our specialist relocation business is providing us with the highest gross profit margin across all the business segments,&rdquo says Siah. Apart from the higher gross profit margin, the fair value uplift on its investment property at the recently completed Chasen Logistics Hub and the absence of one-off non-cash charges helped the company return to the black, with a $7.78 million profit after tax. On the contract front, Chasen has secured about $45 million in projects to be delivered in FY2027, with about half of the project value, or $23 million, coming from a specialist relocation contract supporting the second-wing build-out for a Japanese electric vehicle (EV) battery customer in Kansas, US. At the same time, market participants have started to take a closer look at Chasen as its share price has gained 28.7% since the start of the year to 11.2 cents on June 26, translating to a market capitalisation of around $43.55 million. Growth from India The company is upbeat about the specialist relocation segment picking up in the near term. &ldquo We are seeing more opportunities now, both in the US and India. Apart from that, we are not only doing relocation, but we are also involved with moving machines and equipment and installation works as well,&rdquo Siah says. In particular, Siah says India&rsquo s economy is growing strongly, with significant investment, especially in industries such as electronics manufacturing, renewable energy and semiconductor manufacturing. &ldquo These industries are the ones that we are currently focusing on for our specialist relocation segment. We foresee that in the next few years, there is a lot of growth and potential from this segment,&rdquo Low adds. Within the electronics manufacturing industry, Chasen provides relocation and rigging services for a major provider in Uttar Pradesh. The service provider is a contract manufacturer for major global brands across different products. It has upside from the renewable energy industry, too. For one, Chasen is providing installation support for Reliance Industries, which is building the world&rsquo s largest integrated solar manufacturing facility at its Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, Gujarat, says Siah. The two India projects above have a combined contract value of approximately INR 461 million ($6.33 million). For the semiconductor manufacturing industry, Siah says Chasen hopes to ride on India&rsquo s latest policy, which aims to build its semiconductor ecosystem and position the country as a global hub for electronics manufacturing and design. &ldquo The semiconductor industry operates in an ecosystem where you have a big wafer plant that does all the chip&rsquo s fabrication and supporting players such as the outsourced semiconductor assembly and test (OSAT) companies, packing and coating companies as well,&rdquo Siah says. From Siah&rsquo s perspective, the semiconductor ecosystem in India is growing, and he believes that Chasen has a first-mover advantage, given that the company established its footprint two years ago. &ldquo Although our India operating activity is rather on the low end, we are now ramping up our manpower in anticipation of more projects coming in,&rdquo he adds. Operating costs Chasen&rsquo s aim to ramp up its operations in India is coming amid widespread inflationary pressures. As such, higher operating costs will be a key concern for investors. Siah seems to have a solution in mind. &ldquo For the initial phase, we will deploy our managers and supervisors on the ground and at the same time, we will hire locals and allow our staff to train them. Once the operations have stabilised, we will pull out most of our deployed staff and keep maybe one or two of them to ensure the operations are running smoothly and keep our overhead costs manageable,&rdquo he explains. Meanwhile, Siah admits that costs are rising due to higher wages across the board for Chasen&rsquo s operations in Singapore and companies cannot run away from it. &ldquo With the higher cost hanging over us, we will try to inject more technology into some of the processes that we do, such as digitalising some of our processes,&rdquo he says. Siah adds that Chasen also purchased numerous pieces of equipment, including remote-controlled handling equipment. &ldquo Our business involves handling sensitive equipment, and therefore, we still need the human touch. Previously, we required four to five people to push and guide a 30-tonne machine. Right now, with the new equipment in place, we only require two people to move the same machine,&rdquo he says. As much as Siah wants to keep Chasen&rsquo s headcount lean, he admits he will still need people to ensure the company runs smoothly on the operational front. &ldquo In our line of business, it is not possible to do away with human touch,&rdquo he explains. Apart from these initiatives, Siah says that Chasen will engage customers in discussions to adjust pricing and, where appropriate, pass through a portion of the increased operating costs. &ldquo We also work with our suppliers to contain cost increases, including through bulk purchasing arrangements and longer-term service contracts,&rdquo Siah adds. Solar panel projects Apart from growing its specialist relocation segment, both Low and Siah want to ride the sustainability trend by growing their technical & engineering business segment. According to the latest Singapore Green Plan, the country hopes to increase solar energy deployment to at least 2 gigawatt-peak (GWp), which will meet 3% of Singapore&rsquo s 2030 projected electricity demand and generate enough electricity to meet the annual needs of around 350,000 households. &ldquo Previously, under this segment, we were doing steel fabrication for the construction industry. But we faced many challenges, including payment issues. Therefore, we decided to pivot away and focus on solar photovoltaics (PV) installation,&rdquo Siah says. According to them, Chasen installs solar PV on the rooftops of HDB flats and condominiums. Apart from residential properties, the company also installs them in warehouses and other industrial properties, as well as in public institutions such as schools and military camps. Low and Siah share that, even though there are many solar PV installers in Singapore, Chasen does not face much competition, given the company&rsquo s greater focus on government-related projects and larger-scale commercial projects. &ldquo For us, we are just like an engineering, procurement and construction (EPC) contractor. We get the solar panel from the suppliers and install the rest of the parts, including electrical wiring and switches,&rdquo Siah explains. With the recent Middle East conflict, which resulted in a sharp rise in energy costs, Siah is seeing strong demand for solar panel installation among residential and commercial building owners. &ldquo At the same time, falling PV panel costs have made adoption even more attractive, as shorter payback periods improve returns on investment for owners and installers,&rdquo Siah claims. Growth path Looking ahead, Chasen&rsquo s growth will come from three main areas, says Siah. &ldquo First, we will scale up our capabilities at Chasen Logistics Hub to improve efficiency, maximise margins and build passive revenue by leasing specialised, cleanroom-ready space to semiconductor tenants.&rdquo Apart from that, Low adds that Chasen will continue to leverage its operational moats to expand specialist relocation and maintenance footprints within the global EV lithium-ion battery market (specifically in the US), semiconductors, advanced display tech upgrade cycles, and data centres. &ldquo Lastly, we want to also expand our solar EPC and green engineering execution capabilities in Singapore and regionally to capture continuous multi-year pipelines linked directly to renewable energy targets,&rdquo Siah adds. |
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longterminvestor
Master |
24-Feb-2026 15:42
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any good news? | ||||
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Chansenghoe1971
Elite |
24-Feb-2026 10:31
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After invacom
This will be the next to explode |
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