King Wan Corporation

The mainboard-listed company announced on Monday that it secured S$29.6 million worth in new mechanical and electrical (M&E) projects from April to September 2021.

The new projects, located in Singapore, bring its order book up to S$154.5 million. They include sanitary, plumbing, gas, rainwater, dry riser and fire hosereel installation at proposed public housing developments at locations such as Tengah Drive and Pasir Ris Drive 3. They are scheduled to be completed between 2022 and 2026.

Managing director of King Wan Chua Eng Eng said that the group has maintained its versatility in undertaking M&E projects that require different skill sets and that the company will continue to actively manage operation costs and efficiency amid "very challenging times".

Shares of King Wan closed up 4.1 per cent or S$0.002 to close at S$0.051 on Monday before the announcement was made.

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OUE Limited

OUE Limited announced in a bourse filing on Monday after markets closed that it has appointed Lee Wee Tat to be the company’s chief financial officer (CFO). Lee was formerly finance director at RGE Group from January 2020 to November 2021.

He will be responsible for financial reporting, budgeting, capital management, capital markets and tax for the group.

OUE’s previous CFO Ivan Lim had previously stepped down from the role in November 2020, with vice-president of finance Cindy Teo being promoted to senior vice-president of finance then while taking over Lim’s responsibilities.

OUE shares closed up 0.7 per cent or S$0.01 to close at S$1.37 on Monday. 

Sri Trang Agro-Industry

Sri Trang Agro-Industry saw its net profit rise by 55 per cent to 3.23 billion baht (S$132.1 million) for the quarter ended Sep 30, 2021. Earnings per share rose to 0.021 baht from 0.0136 baht a yaer ago. Revenue rose by 72.7 per cent year-on-year to 28.49 billion baht over the same period. 

The company attributed the year-on-year growth in revenue to higher average selling prices and sales volume that was led by a pickup in demand from tire manufacturers and increased market share. 

Sri Trang Agro-Industry shares closed S$0.04 or 3.3 per cent at S$1.18 on Monday before results were released.