GKE Corporation

Results

GKE Corp reports FY2024 earnings of $4.3 mil, 10.1% higher y-o-y

During the year, the group declared a final dividend of 0.2 cents per share, unchanged y-o-y.
GKE resumes buybacks after 42 months; Luong streamlines hold over JEP - THE EDGE SINGAPORE

Insider moves

GKE resumes buybacks after 42 months; Luong streamlines hold over JEP

GKE Corp reported better earnings for its logistics business and some 'gradual recovery' in its China construction materials unit
GKE Corp posts 1HFY2024 earnings of $1.9 mil, up 90.1% y-o-y - THE EDGE SINGAPORE

Results

GKE Corp posts 1HFY2024 earnings of $1.9 mil, up 90.1% y-o-y

The company’s warehousing and logistics segment in Singapore provided stable contributions during the period.

Broker's Calls

CGS-CIMB keeps 'hold' on GKE Corp despite earnings beat

The brokerage has increased its target price to 7.6 cents from 7 cents previously.

M&A

GKE acquires Fair Chem industries for $12.5 mil

GKE Corporation acquires Fair Chem Industries for $12.5 million.
GKE’s new Cenxi City plants fully operational, expected to contribute to long-term earnings growth - THE EDGE SINGAPORE

Company in the news

GKE’s new Cenxi City plants fully operational, expected to contribute to long-term earnings growth

CEO Neo Cheow Hui says the facilities are expected to contribute positively to the group’s financial performance in the long term.
SAC Capital optimistic on GKE as it cements its position in logistics and construction - THE EDGE SINGAPORE

Broker's Calls

SAC Capital optimistic on GKE as it cements its position in logistics and construction

SAC Capital has started GKE Corp on a "buy" rating, with a target price of 16.3 cents.
Green fingers for GKE as it moves into indoor farming, obtains licence from SFA  - THE EDGE SINGAPORE

Sustainability

Green fingers for GKE as it moves into indoor farming, obtains licence from SFA

Warehousing and logistics company GKE Corporation has now expanded into indoor farming, after obtaining its SFA licence.
GKE Corporation enters into definitive SPA for sale of 65% interest in Van Der Horst Logistics  - THE EDGE SINGAPORE

Contracts

GKE Corporation enters into definitive SPA for sale of 65% interest in Van Der Horst Logistics

Shares in GKE Corp closed 0.4 cent lower or 3.2% down at 12.3 cents on March 8.
GKE Corp buoyed by Singapore, China stockpiling, net profit rises 260% y-o-y: CGS-CIMB  - THE EDGE SINGAPORE

Broker's Calls

GKE Corp buoyed by Singapore, China stockpiling, net profit rises 260% y-o-y: CGS-CIMB

Analysts see stable earnings visibility from the warehouse business for the next two years.
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