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The latest update is out from Lincotrade & Associates Holdings Limited ( (SG:BFT) ).
Lincotrade & Associates Holdings has obtained the Temporary Occupation Permit for its new headquarters at Tuas, a larger 2-storey factory site with expanded gross floor area and planned solar panel installation to cut energy costs and environmental impact. The facility includes a 204-bed ancillary workers dormitory that is expected to reduce recurring accommodation expenses and, subject to regulatory approvals, generate additional recurring income from unutilised beds, while the group’s current Sungei Kadut premises will be retained only until March 2026 to complete required reinstatement works.
The move to the Tuas headquarters marks a consolidation and upgrade of Lincotrade’s operational base, aligning its physical infrastructure with its business activities and future growth plans and potentially improving cost efficiency. By integrating worker housing and energy-saving features on-site, the group strengthens its operational resilience and cost structure, which may enhance its competitiveness in Singapore’s interior fitting-out and construction-related services sector.
More about Lincotrade & Associates Holdings Limited
Lincotrade & Associates Holdings Limited is a Singapore-based specialist in interior fitting-out services. The group focuses on providing customised interior solutions, operating production and support facilities that underpin its project delivery capabilities and future expansion plans in the local construction and fit-out market.
Average Trading Volume: 272,980
Technical Sentiment Signal: Buy
Current Market Cap: S$62.8M
Learn more about BFT stock on TipRanks’ Stock Analysis page.