Plastofoam

Plastofoam: Narrows 2Q loss on higher ODM project sales. AUDIO devices manufacturer Plastoform reported a loss of HK$8.4m ($1.35m) for 2Q12, vs loss of HK$16.75m yoy. Revenue surged 55.2% to HK$72.2m. The company said this was because of robust sales from its ODM projects. We note that if earnings momentum continues, do not rule out grp turning profitable and getting out of SGX watchlist in the next few qtrs ahead.