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The latest update is out from Keong Hong Holdings Limited ( (SG:5TT) ).
Keong Hong Holdings Limited has been placed on the SGX-ST Watch-List due to not meeting financial criteria. The company is actively working to improve its financial health by selling its equity interest in Katong Holdings Pte Ltd for S$34.5 million, which will be used for working capital and new business opportunities. The company reported a profit of $7.5 million and a revenue of $122.8 million for the first half of FY2025, showing significant improvement from the previous year. Keong Hong Holdings is committed to meeting the exit criteria from the Watch-List and will keep shareholders informed of any material developments.
More about Keong Hong Holdings Limited
Average Trading Volume: 34,813
Technical Sentiment Signal: Sell
Current Market Cap: S$23.74M
See more insights into 5TT stock on TipRanks’ Stock Analysis page.