Manufacturing
Hong Leong Asia’s China Yuchai H1 revenue falls 32.2%
The fall in revenue was attributed to lower motor sales in the half-year.
Sri Trang Gloves’ net profit falls 90% in H1 22 amidst low average selling price
Its net profit reached $62m (THB1.6b) in the first half of 2022.
Weaker PMI in July raises concerns over demand in the manufacturing sector
PMI edged down by 0.2 point to 50.1.
Purchasing Managers’ Index edges down 0.2 point in July
It posted a moderate expansion at 50.1.
Chart of the day: Transport engineering output shoots up 32% in June
Output in the marine & offshore engineering segment increased by 44%.
Manufacturing output growth moderates to 2.2% YoY in June
Excluding biomedical manufacturing, output grew 4.2% YoY.
Chart of the day: Manufacturing output climbs 2.2% in June
However, output fell by 8.5%.MoM.
Tech sector likely to face margin erosion, analyst warns
Rising operation costs might drag the sector down, according to RHB.
OCBC SME Index: Which sector performed best in Q2?
The top sector's reading jumped to 52.8 in Q2 from 50.9 in Q1.
39% of semiconductor leaders think the Russia-Ukraine war will affect supply chain in 2023
Both countries produce materials used in semiconductor production.
Sri Trang Gloves stretches operations in US with new subsidiary
The subsidiary will serve as the US sales and distribution office.
Frencken must ‘keep on the lookout’ for mergers and acquisitions: report
Frencken posted a net cash position of $72.8m as of March 2022.
Singapore PMI edges lower by 0.1 in June
The electronics industry posted a strong performance last month.
Chart of the day: Manufacturing momentum slows in May
Cooling global trade demand and higher supply costs are the cause of the slowdown.
Manufacturing to ease to low single-digit growth in Q2
In Q1, growth was at a +7.9% pace.
SGX-listed Halcyon Agri secures $415m green-linked loan
The loan will support a natural rubber processing business.
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