Twin engines of warehousing and concrete production drive returns for GKE
Company turned profitable last year as demand improves at both its business segments; it is also looking into new ventures.
Singapore
GKE Corp's diversified business of warehousing and logistics in Singapore and strategic infrastructure investments in China has proven resilient in the Covid-19 crisis. Demand at both arms of its business has risen.
Faced with supply chain disruptions, many of GKE's clients started stockpiling supplies in a move away from the common asset-light "just in time" (JIT) strategy. GKE Corp's warehouse capacity of about one million square feet is currently full, and the company is on the lookout to acquire or rent additional storage space.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Aramco to pay US$31 billion dividend as Saudi posts budget deficit
PetroVietnam announces new oil discoveries with initial reserves of 100.5 million barrels
UBS reports first profit since taking over Credit Suisse
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
New Thai finance chief wants monetary, fiscal policies aligned