Tiong Woon Corporation Holding (SGX:BQM) First Half 2023 Results
Key Financial Results
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Revenue: S$65.9m (up 8.1% from 1H 2022).
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Net income: S$7.23m (down 6.8% from 1H 2022).
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Profit margin: 11% (down from 13% in 1H 2022). The decrease in margin was driven by higher expenses.
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EPS: S$0.031 (down from S$0.033 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tiong Woon Corporation Holding Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Commercial Services industry in Asia.
Performance of the market in Singapore.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Tiong Woon Corporation Holding that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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