MENU

Singapore’s Big Winner for the Week

red arrow move up point up upwards

Koyo International Ltd (SGX: 5OC) has gained 15.7% since last Friday to end at S$0.162 on Thursday. That’s a big jump, especially when considering that the Straits Times Index (SGX: ^STI), Singapore’s share market barometer, had declined slightly by 0.1% to 3,314 points.

Koyo International was listed in 2009 and is a leading home-grown specialist mechanical and electrical engineering services provider. The company has 26 years of experience and serves customers from multiple industries, including the construction, marine, oil and gas, industrial, and pharmaceutical industries. It even has worked for the public sector.

On 18 July 2014, Koyo International announced that it had secured a contract to supply and deliver around 170,000 metric tonnes of reclamation materials to a buyer for a period of two months till August 2014.

The company’s latest financial report card was released in February this year and covers the whole of 2013. In that year, Koyo International experienced a 69.2% increase in its top-line to S$15.1 million due to its ongoing mechanical engineering projects and a good showing from its facilities management segment.

As a result of the growth in revenue, Koyo International’s bottom-line had spiked from S$82,000 a year ago to S$972,000.

The firm is valued at 33 times trailing earnings at its closing price for Thursday.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool's free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what's happening in today's markets, and shows how you can GROW your wealth in the years ahead.  

The Motley Fool's purpose is to help the world invest, better. Like us on Facebook  to keep up-to-date with our latest news and articles.

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.