Singapore “Flyer” of the Week: Craft Print International

singapore flyer

Shares at Craft Print International (SGX: 541) have surged close to 43% since last Friday’s close, making it this week’s Singapore ”Flyer”. It finished at $0.107 on Thursday.

The firm is involved in the business of commercial printing. It prints calendars, hard-cover case-bound books, trade and educational books, and publications for niche markets like museums and research labs.

Craft Print’s share price has been steadily rising since this Tuesday when it was at S$0.08. Interestingly, there was no material information being released by the company prior or during its sharp ascent.

For the half year ended 31 March 2014, revenue dipped 22.4% year-on-year to S$6.2 million while the net loss for the period was at S$2.4 million. In comparison, the net loss for the corresponding period in the previous year was lower at S$2 million.  The revenue fall was attributed to competitive market conditions in the printing industry.

On the balance sheet front, as of 31 March 2014, it had total borrowings of S$11.1 million while holding less than S$110,000 in cash.

Going forward, the firm said that the structural difficulties within the printing industry will remain and that it will “continue to streamline its operations to improve sales and manage costs to meet the changing demands of the industry”.

Craft Print currently goes for 1.1x its book value.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.