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Happy Lunar New Year to everyone here..
May Niu year brings good health not forgetting
HUAT all the way to the banks..😁
good ar.......
chasen can chase
Thanks.
Vested.
Vested.
spursfan ( Date: 10-Feb-2021 09:31) Posted:
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reported very good result.
ahberngh ( Date: 10-Feb-2021 09:28) Posted:
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Something brewing???
silent accumulating. looking good, next stock to watch.
more buyers are looking at Chasen. business is great now and profitable.
Strong opening but rally peter out and stalling
Chasen is back in business ..congrates to those still holding on to this stock , we shall see .094 the nxt resistance level soon ... once cleared , $.20 should be a fair value for Chasen .
Huat to all ... Holding !
Huat to all ... Holding !
Wealth98 ( Date: 09-Dec-2020 17:53) Posted:
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CHASEN HOLDINGS LIMITED
Unique Entity Number 199906814G Incorporated in the Republic of Singapore
Media Release
SGX-Listed Chasen Secures S$8.2 Million Worth of New Logistics Projects
Singapore, 9 December 2020 &ndash SGX Mainboard-listed Chasen Holdings Limited (&ldquo Chasen&rdquo or the &ldquo Group&rdquo ) said today it has secured S$8.2 million worth of fresh projects in China and Southeast Asia, underscoring recovery of its logistics businesses from the COVID-19 pandemic.
Chasen&rsquo s secured two Specialist Relocation projects in Greater China for the electronic sector, which has witnessed a pick-up in orders. The first is a RMB5 million (S$1 million) relocation project for a 6th Generation OLED module panel assembly factory in Guangzhou, Guangdong Province the second is to manage the factory relocation of a US-owned Taiwan-based semi- conductor customer, worth S$0.6 million.
Both projects are scheduled for completion by March 2021, and were secured by Chasen&rsquo s PRC-based subsidiary Chasen (Chuzhou) Hi-Tech Machinery Services Pte Ltd and home- based Chasen Logistics Services Limited respectively. Revenue recognition for the PRC project commenced in 2HFY2021, while revenue from the Taiwan project, which will commence in the second half of February 2021, will be recognised in FY2021.
For the Third Party Logistics (&ldquo 3PL&rdquo ) segment, Chasen&rsquo s Malaysian subsidiary secured three significant contracts worth RM20 million (S$6.6 million) to deliver electronic and semi-conductor parts for two US MNCs with manufacturing plants spanning Singapore, Malaysia and the PRC.
These one-year tenure contracts secured by Penang-based City Zone Express Sdn Bhd underscore the growing demand for cross-border land freight amid higher costs and restricted capacity for sea and air freight due to disruptions caused by COVID-19. Cross-border operations have commenced for the first two contracts while the third contract will commence in Q4FY2021.
These projects build on the momentum of business recovery that began when Chasen announced S$21 million of new contracts at end July 2020. The latest contracts, which have lifted fresh orders (since FY2020) to S$29.2 million, further accentuate the green shoots of recovery amid the pandemic challenges even as Chasen continues to lower its cost structure to expand margins.
Mr Low Weng Fatt, Chasen&rsquo s Managing Director and CEO, said, &ldquo The recovery from the disruptions caused by the pandemic is clear and gaining momentum for our two logistics segments. The electronics sector, especially in the PRC, is witnessing good orders, which favour our leadership position in Specialist Relocation while our 3PL is benefiting from robust demand in cross-border land freight services and warehousing in Southeast Asia and East Asia.&rdquo
- End -
CHASEN HOLDINGS LIMITED
Unique Entity Number 199906814G Incorporated in the Republic of Singapore
Media & Investor Contact Information
WeR1 Consultants Pte Ltd
1 Raffles Place
#02-01 One Raffles Place Mall Suite 332
Singapore 048616
Tel: (65) 6721 7161
Isaac Tang - [email protected]
About Chasen Holdings Limited (Bloomberg: CHLD:SP Reuters: CHHL.SI)
Chasen Holdings Limited is an SGX Mainboard-listed investment holding company with subsidiaries in Specialist Relocation solutions, Technical & Engineering services and Third- Party Logistics including facilities for the packing and warehousing of sophisticated machinery and equipment for the region&rsquo s manufacturing industries.
Headquartered in Singapore with operations in Malaysia, Thailand, Vietnam, the People&rsquo s Republic of China and the U.S., Chasen serves international customers in industries such as wafer fabrication, TFT LCD production, chip testing and assembly, solar panel assembly, consumer electronics, telecommunications, ordnance, facilities maintenance, marine and construction sectors.
Its diversified revenue base and long-standing customer relationships underlie its strong fundamentals, which enable the Group to weather fluctuating business cycles of various industries. Its business model and growth strategy will help the Group secure opportunities in the region and build on its recurring income base.
Unique Entity Number 199906814G Incorporated in the Republic of Singapore
Media Release
SGX-Listed Chasen Secures S$8.2 Million Worth of New Logistics Projects
Singapore, 9 December 2020 &ndash SGX Mainboard-listed Chasen Holdings Limited (&ldquo Chasen&rdquo or the &ldquo Group&rdquo ) said today it has secured S$8.2 million worth of fresh projects in China and Southeast Asia, underscoring recovery of its logistics businesses from the COVID-19 pandemic.
Chasen&rsquo s secured two Specialist Relocation projects in Greater China for the electronic sector, which has witnessed a pick-up in orders. The first is a RMB5 million (S$1 million) relocation project for a 6th Generation OLED module panel assembly factory in Guangzhou, Guangdong Province the second is to manage the factory relocation of a US-owned Taiwan-based semi- conductor customer, worth S$0.6 million.
Both projects are scheduled for completion by March 2021, and were secured by Chasen&rsquo s PRC-based subsidiary Chasen (Chuzhou) Hi-Tech Machinery Services Pte Ltd and home- based Chasen Logistics Services Limited respectively. Revenue recognition for the PRC project commenced in 2HFY2021, while revenue from the Taiwan project, which will commence in the second half of February 2021, will be recognised in FY2021.
For the Third Party Logistics (&ldquo 3PL&rdquo ) segment, Chasen&rsquo s Malaysian subsidiary secured three significant contracts worth RM20 million (S$6.6 million) to deliver electronic and semi-conductor parts for two US MNCs with manufacturing plants spanning Singapore, Malaysia and the PRC.
These one-year tenure contracts secured by Penang-based City Zone Express Sdn Bhd underscore the growing demand for cross-border land freight amid higher costs and restricted capacity for sea and air freight due to disruptions caused by COVID-19. Cross-border operations have commenced for the first two contracts while the third contract will commence in Q4FY2021.
These projects build on the momentum of business recovery that began when Chasen announced S$21 million of new contracts at end July 2020. The latest contracts, which have lifted fresh orders (since FY2020) to S$29.2 million, further accentuate the green shoots of recovery amid the pandemic challenges even as Chasen continues to lower its cost structure to expand margins.
Mr Low Weng Fatt, Chasen&rsquo s Managing Director and CEO, said, &ldquo The recovery from the disruptions caused by the pandemic is clear and gaining momentum for our two logistics segments. The electronics sector, especially in the PRC, is witnessing good orders, which favour our leadership position in Specialist Relocation while our 3PL is benefiting from robust demand in cross-border land freight services and warehousing in Southeast Asia and East Asia.&rdquo
- End -
CHASEN HOLDINGS LIMITED
Unique Entity Number 199906814G Incorporated in the Republic of Singapore
Media & Investor Contact Information
WeR1 Consultants Pte Ltd
1 Raffles Place
#02-01 One Raffles Place Mall Suite 332
Singapore 048616
Tel: (65) 6721 7161
Isaac Tang - [email protected]
About Chasen Holdings Limited (Bloomberg: CHLD:SP Reuters: CHHL.SI)
Chasen Holdings Limited is an SGX Mainboard-listed investment holding company with subsidiaries in Specialist Relocation solutions, Technical & Engineering services and Third- Party Logistics including facilities for the packing and warehousing of sophisticated machinery and equipment for the region&rsquo s manufacturing industries.
Headquartered in Singapore with operations in Malaysia, Thailand, Vietnam, the People&rsquo s Republic of China and the U.S., Chasen serves international customers in industries such as wafer fabrication, TFT LCD production, chip testing and assembly, solar panel assembly, consumer electronics, telecommunications, ordnance, facilities maintenance, marine and construction sectors.
Its diversified revenue base and long-standing customer relationships underlie its strong fundamentals, which enable the Group to weather fluctuating business cycles of various industries. Its business model and growth strategy will help the Group secure opportunities in the region and build on its recurring income base.
Smarty ( Date: 09-Dec-2020 17:43) Posted:
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Wah cheong suddenly
what is up? Was going to buy then shot up
what is up? Was going to buy then shot up
56 good entry level...i feel
Today T+4 should be over...let go breakout
One of the undevalued stocks right now imo. Pick while its cheap!
Ok. We also just took profit. Thks.
kiseki_2818 ( Date: 25-Nov-2020 09:16) Posted:
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enjoy ur profit. i take profit first.
johnng ( Date: 24-Nov-2020 21:57) Posted:
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BIG BREAKOUT COMING FOR CHASEN...I think this time ROUND can RALLY to 7-8cents LEVELS
CHASEN: Land logistics services pick up in pandemic, 1HFY21 net profit up 217%
As air and sea transport came to a halt during the pandemic, Chasen Holdings saw its cross-border land transport services in Southeast Asia and East Asia pick up.
" Significantly, the Group&rsquo s 3PL (Third Party Logistics) segment was able to capture additional customers&rsquo demand from air and sea freight modes disrupted by restrictions due to COVID19. More customers turned to cross-border land transportation as an alternative," it said.
This contributed to a 4% rise in group revenue in 1HFY21 (ended 30 Sept 2020) to S$58.4 million.
And it helped offset a decline in the Technical & Engineering (&ldquo T& E&rdquo ) segment which was impacted by the shutdown of the Singapore construction sector in April 2020.
Revenue was also supported by its core Specialist Relocation segment which resumed services in China after lockdowns.
https://www.nextinsight.net/story-archive-mainmenu-60/943-2020/13868-chasen-holdings-1hfy21-net-profit-up-217?idU=3
ADD, great results