1H21: In Line With Expectations; Partnership To Develop Electric Vehicles1H21 earnings of S$41m (+110% yoy) were in line, meeting 57% of our full-yearestimate. The building material unit (BMU) outperformed in 1H21, with a PBT of S$14m vs zero in 1H20. The diesel engine segment's revenue increased 32% yoy but PBT declined 17% yoy mainly due […]

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