The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    Keppel declares an interim cash dividend of S$0.15 per share for H1 2026, unchanged from the year-ago period.

    Keppel H1 net profit drops 59% to S$155 million on impairments, M1 deal fallout; shares fall 4%

    Singtel says both options remain at an exploratory level for now.

    Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More