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The latest update is out from Stamford Tyres Corporation Limited ( (SG:S29) ).
Stamford Tyres Corporation Limited has announced a significant construction project through its subsidiary, SR Industries (M) Sdn. Bhd., to build four units of warehouse/factory and office buildings in Kapar, Selangor, Malaysia. This project aims to consolidate the company’s operations into a single, integrated facility to enhance operational efficiency and streamline processes, highlighting Malaysia as a key market. The new facility is expected to optimize logistical workflows, offering better connectivity and storage capacity. The estimated cost of RM50 million will be primarily financed through external borrowings, and the project is expected to be completed in 3.5 years, contingent upon regulatory approvals.
More about Stamford Tyres Corporation Limited
Stamford Tyres Corporation Limited, incorporated in Singapore, operates in the tire industry. The company, through its subsidiaries, focuses on providing tire products and services, with a significant market presence in Malaysia.
YTD Price Performance: -6.82%
Average Trading Volume: 40,986
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: S$48.66M
For detailed information about S29 stock, go to TipRanks’ Stock Analysis page.
