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A-Sonic Aerospace looks to grow logistics business post watch-list exit

Despite its exposure to a fast-growing sector, it is battling headwinds to draw investors

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Benjamin Cher

Benjamin Cher

Published Mon, Sep 5, 2022 · 05:50 AM
    • Janet Tan, CEO of A-Sonic Aerospace, says: “Because of all the uncertainties, we aren’t trying to enter new countries but to grow the volume from where we are currently operating. Do what you do best and scale up.”
    • Janet Tan, CEO of A-Sonic Aerospace, says: “Because of all the uncertainties, we aren’t trying to enter new countries but to grow the volume from where we are currently operating. Do what you do best and scale up.” PHOTO: BT FILE

    A-SONIC Aerospace has the distinction of being the first company to exit the Singapore Exchange Watch-List in 2022, after the bi-annual review in June.

    The logistics and aviation counter entered this list in 2017 after reporting 3 consecutive years of pre-tax losses and failing to meet a minimum trading price requirement of S$0.20. The company was later unable to exit the list because a new minimum market capitalisation requirement of S$40 million was introduced.

    This Watch-List inclusion caused some issues when bidding for contracts, as it came up during the due diligence process for customers, so exiting it has been a relief for A-Sonic.

    A-Sonic AerospaceTopline

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