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Straco Corporation Limited ( (SG:S85) ) has issued an update.
Straco Corporation Limited reported a 12.1% year-on-year decline in revenue for the first quarter of 2025, mainly due to trade and tariff developments affecting Chinese consumer confidence. Despite the challenges, the company remains profitable with a net profit of S$2.27 million and maintains a strong financial position with net cash holdings of S$182.87 million. The ongoing trade tensions have also indirectly impacted their Singapore Flyer business, but the company remains cautiously optimistic about potential stimulus measures to boost domestic consumption in China.
More about Straco Corporation Limited
Straco Corporation Limited operates in the tourism and leisure industry, focusing on attractions and related services. The company is known for its management of the Singapore Flyer, a prominent observation wheel, and other tourism assets, primarily targeting the Asian market.
Average Trading Volume: 28,597
Technical Sentiment Signal: Sell
Current Market Cap: S$354.8M
For a thorough assessment of S85 stock, go to TipRanks’ Stock Analysis page.