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The latest update is out from Sincap Group Ltd. ( (SG:XZB) ).
Skylink Holdings Limited has announced the acquisition of 132 commercial vehicles, which will provide an immediate recurring revenue stream and support its strategy to optimize vehicle replacement cycles. This expansion is expected to enhance the company’s engineering business by allowing it to procure additional service contracts, supported by its extensive workshop facilities. The move aligns with Skylink’s growth strategies and its focus on meeting the long-term leasing needs of corporate clients, positioning the company for future growth.
More about Sincap Group Ltd.
Skylink Holdings Limited is one of the largest commercial vehicle leasing companies in Singapore, offering one-stop solutions as a trusted mobility service provider. The company’s primary focus is on commercial vehicle leasing, which is the largest revenue contributor, and it has achieved significant growth in just seven years.
Average Trading Volume: 2,266,642
Technical Sentiment Signal: Sell
Current Market Cap: S$51.14M
For an in-depth examination of XZB stock, go to TipRanks’ Overview page.