Sin Heng

Sin Heng: Re highlight as a potential Mynmmar story play?
Co. announced few days ago that it has entered into a JV with Starhigh Asia Pacific whereby both Co’s each invested SGD250,000 in the share subscription of a subsidiary SH Equipment.

Under the JV arrangement, both Co’s agreed have agreed that SH Equipment will incorporate a subsidiary in Myanmar for the purposes of undertaking heavy equipment leasing, rental, distribution and sales and such other business as the Co and Starhigh Asia may decide.

SH Equipment Pte. Ltd. will be principally engaged in heavy equipment leasing, rental, distribution and sales directly in Myanmar and indirectly through the Myanmar subsidiary.
We note that Sing Heng’s Fundamentals appear fairly stable with a div yield of 5.5%.