Weak demand for telco products to sink Memtech into the red in Q2

Profit were also battered by increased expenses.

Memtech is bracing to sink into the red in Q2, as it issued an announcement for net loss due to weaker demand for the firm’s telco products as well as higher costs.

According to a report by OCBC, Memtech’s profits will also be impacted by the delay in the fulfillment of a major order at the customer’s request.

“We had previously projected a 2Q16 net profit of S$0.65m, which included an assumption of a 13% YoY drop in telecommunication revenue. Our forecast for full-year net profit was at S$6.23m,” OCBC notes.

“Our forecasted FY16 distribution yield was 4.7% against yesterday’s closing price of S$0.64,” it adds.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia