MTQ CORPORATION'S stock price is at a year-low of 63.5 cents after it posted a net loss of S$2.3 million for 1QFY2016 due to weaker demand for oilfield engineering services in Singapore, coupled with the impact of a weaker Australian dollar.

400 Kuah Boon Wee 3Group CEO Kuah Boon Wee. NextInsight file photo“This is a challenging environment but I am confident of what we are doing. We just have to wait for better markets,” said Group CEO Kuah Boon Wee during a teleconference with analysts yesterday (Wed).

The Group’s balance sheet remains strong with S$41.2 million in cash and net gearing of 11.4%. Its borrowings were reduced from S$60.4 million as at 30 June 2014 to S$58.5 million as at 30 June 2015.

“The number one priority now is to look for revenue growth opportunities,” added Mr Kuah.

Revenue had declined by 22% to S$610.0 million. Gross margin declined to 26%, compared to 34% a year ago.

“Neptune Marine Services has expanded on its revenue opportunities in the Middle East. We are also looking to expand in downstream maintenance work, an area that is benefiting from lower feed prices,” he said.


Share Prices

Counter NameLastChange
AEM Holdings2.260-0.010
AusGroup0.049-0.003
Avi-Tech Electronics0.435-0.005
Best World Int.1.360-
CEI0.995-0.015
China Sunsine0.455-
CNMC GoldMine0.250-0.010
CSE Global0.5700.005
Eagle HTrust USD0.520-0.005
Food Empire0.7750.025
Golden Energy0.170-
GSS Energy0.098-
ISDN Holdings0.199-
ISOTeam0.215-
JB Foods0.625-
KSH Holdings0.400-
Miyoshi0.031-
Moya Asia0.079-0.001
Nordic Group0.300-
Oxley Holdings0.345-
Procurri0.3300.005
REX International0.197-0.003
Riverstone1.0800.030
Roxy-Pacific0.3750.005
Sing Holdings0.405-0.005
SingMedical0.3400.020
Straco Corp.0.570-
Sunningdale Tech1.290-
Sunpower Group0.555-0.005
The Trendlines0.131-
Tiong Seng0.200-
Uni-Asia Group0.690-
Yangzijiang Shipbldg1.0500.010

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 2312 guests and 2 members online

  • desmondquek30
  • josephyeo