Sunningdale urged to raise reporting quality after Q4 earnings miss

Singapore

ANOTHER earnings miss from Sunningdale Tech has prompted activist fund Quarz Capital Management to fire off a second open letter to the board of the mainboard-listed high-precision plastic components maker.

This time, Quarz wants Sunningdale to increase shareholder value by reporting one-off costs separately from core net profit in its income statement, in order to give investors a better sense of the company's underlying fundamentals.

The one-off costs refer to production ramp-up costs at Sunningdale's new Penang plant, as well as duplication in operating costs due to a d…