Two notable developments happened in the past week: Firstly, Sysma Holdings announced last Tuesday (9 Jul) a fresh contract win worth $4.9 million to build a bungalow in District 10. Then, just barely 3 days later, Sin Ee Wuen, Deputy CEO and son of Sysma’s Executive Chairman and major shareholder, Sin Soon Teng, acquired more […]
Sysma Holdings- Deputy CEO scoops up >3% of the shares in a single day Read More »
Some notes on the full year financial report released last week: Sysma’s proposed dividend payout was higher than last FY but disappointing given the huge cash pile it sits on. The company can definitely afford a much higher payout of more than 1ct with perhaps an additional special dividend. Since neither materialised, we can only
Sysma just announced that it had won a $37.7 million contract, from an Oxley Holdings subsidiary, for the erection of 4 blocks of 5-storey residential flats and 3 units of 2-storey strata landed houses in Pasir Panjang. Based on the description, we think the construction work is likely for the popular Oxley development, Verandah Residences,
Sysma Holdings Ltd (Update 2)- Contract win reverses order book decline Read More »
Sysma just released its financial results for the 6 months ended 31 Jan 18 this evening. Some salient points to note:
