Sin Heng

Sin Heng: Reported a 31% yoy rise in 4Q12 profit s to $3.77m. Rev rose 14% yoy to $38.73m mainly due to an increase in rental and trading rev. Full-year profit rose 16% yoy to $9.33m. The group has maintained its final dividend of 0.55c per share for the year. Grp note that its complementary business model of rental and trading of cranes and aerial lifts have proven to be successful in Msia, SG and Vietnam and intends to replicate this business model in other mkts. Add that its recent JV in Myanmar remains on track and is always on constant lookout to explore on possible business opportunities in the region.