Adoption of a 3-pronged growth strategy of (i) operational excellence, (ii) product leadership and (iii) customer intimacy, had helped Sing Lun turn in a stellar performance in 1H07.
As it moves to be an integrated supply chain management provider, earnings are expected to continue on its strong growth momentum.
In line with its new business plans, Sing Lun recently made a US$7.4m investment in Vietnam, to boost up its production capacity.
Recommending to BUY with a 12-month target price of S$0.33 for a stock with healthy growth momentum and dividend yield.
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