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Excerpt AR2024, Page 22
SEE YEN TARN Chief Executive Officer
" The vibrancy in construction demand and activity in the first half of FY24 was unfortunately short-lived, as global supply chains and industry sentiments suffered the impact of the conflicts in the Middle East and Ukraine. At CSC, our years of experience enabled us to withstand the challenging operating conditions that led to the exit of several other established industry players.."
Page 24
" In the year ahead, demand for construction services is expected to improve, with the public sector contributing the majority of it. According to the Building Construction Authority, this includes public housing and infrastructure projects such as the Cross Island MRT Line second phase contracts, as well as extensive infrastructure works for the large-scale Changi Airport Terminal 5 and Tuas Port projects. Private-sector demand is expected to come from residential developments arising from government land sales and the expansion of the two integrated resorts, among others"
With the exit of several Prominent Players in the geotechnical industry and being the Market Leader CSC is bound to secure majority of the above contracts.
SEE YEN TARN Chief Executive Officer
" The vibrancy in construction demand and activity in the first half of FY24 was unfortunately short-lived, as global supply chains and industry sentiments suffered the impact of the conflicts in the Middle East and Ukraine. At CSC, our years of experience enabled us to withstand the challenging operating conditions that led to the exit of several other established industry players.."
Page 24
" In the year ahead, demand for construction services is expected to improve, with the public sector contributing the majority of it. According to the Building Construction Authority, this includes public housing and infrastructure projects such as the Cross Island MRT Line second phase contracts, as well as extensive infrastructure works for the large-scale Changi Airport Terminal 5 and Tuas Port projects. Private-sector demand is expected to come from residential developments arising from government land sales and the expansion of the two integrated resorts, among others"
With the exit of several Prominent Players in the geotechnical industry and being the Market Leader CSC is bound to secure majority of the above contracts.
Outlook
Demand for construction services is expected to be fuelled by sustained government investments in infrastructure and housing projects, as well as rising momentum in the private sector. Mega projects in the pipeline, including the upcoming Changi Airport Terminal 5 development and new expansion developments at Singapore&rsquo s two integrated resorts, will drive activity. Steady foreign direct investment into Singapore in growth areas such as advanced manufacturing for the semiconductor and pharmaceutical industries is also expected to support industrial infrastructure demand.
Despite ongoing challenges, including regulations limiting foreign manpower that will intensify competition for skilled labour, as well as potentially rising raw material costs, the Group is wellprepared to capture opportunities from the stronger construction demand. Leveraging its robust track record and solid capabilities, the Group continues to tender actively for projects while maintaining disciplined cost management and optimised resource deployment to boost productivity and margins.
As at 31 October 2024, the Group&rsquo s order book stood at $310 million (30 April 2024: $250 million), with the bulk of projects to be delivered in the next 12 months.
Demand for construction services is expected to be fuelled by sustained government investments in infrastructure and housing projects, as well as rising momentum in the private sector. Mega projects in the pipeline, including the upcoming Changi Airport Terminal 5 development and new expansion developments at Singapore&rsquo s two integrated resorts, will drive activity. Steady foreign direct investment into Singapore in growth areas such as advanced manufacturing for the semiconductor and pharmaceutical industries is also expected to support industrial infrastructure demand.
Despite ongoing challenges, including regulations limiting foreign manpower that will intensify competition for skilled labour, as well as potentially rising raw material costs, the Group is wellprepared to capture opportunities from the stronger construction demand. Leveraging its robust track record and solid capabilities, the Group continues to tender actively for projects while maintaining disciplined cost management and optimised resource deployment to boost productivity and margins.
As at 31 October 2024, the Group&rsquo s order book stood at $310 million (30 April 2024: $250 million), with the bulk of projects to be delivered in the next 12 months.
| 4 | 1,028,500 | 0.011 | 0.012 | 5,909,900 | 15 |
| 18 | 14,074,100 | 0.010 | 0.013 | 4,407,600 | 12 |
| 18 | 11,074,000 | 0.009 | 0.014 | 1,011,000 | 6 |
| 12 | 7,565,900 | 0.008 | 0.015 | 1,269,400 | 7 |
| 4 | 3,150,000 | 0.007 | 0.016 | 1,579,000 | 6 |
| 2 | 680,000 | 0.006 | 0.017 | 1,379,000 | 6 |
| 2 | 900,000 | 0.005 | 0.018 | 780,000 | 3 |
| 1 | 250,000 | 0.004 | 0.019 | 940,000 | 4 |
| 1 | 350,000 | 0.003 | 0.020 | 100,000 | 1 |
| - | - | - | 0.029 | 500,000 | 1 |
Accumulation In Progress, Run Anytime Soon!
Equity and Net Asset Value
In 1HFY25, the Group bought back 7.8 million ordinary shares for a purchase consideration of $0.06 million. Following this, 84.7 million shares with carrying values of $3.2 million were held as treasury shares as at 30 September 2024 (31 March 2024: 76.9 million shares with $3.1 million). As at 30 September 2024, the Group&rsquo s equity stood at $106.9 million (31 March 2024: $105.3 million), while net asset value per ordinary share was 3.0 cents (31 March 2024: 3.0 cents).
Yes sir
15 smelly smelly
15 smelly smelly
Volmax ( Date: 01-Nov-2024 16:44) Posted:
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Lai Liao, Cheong Liao!
Next Week Continue The Cheong!
Next Week Continue The Cheong!
Slowly But Surely!
Chansenghoe1971 ( Date: 01-Nov-2024 08:14) Posted:
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