Chosen Holdings

Chosen Holdings: Issued a profit warning for 1H12 ending 31 Dec 2012. Mgmt noted that the Singapore operation incurred losses due to lower revenue. Orders for data media storage products weakened due to the drop in global demand for PCs. Also, demand for medical devices from European customers were also soft due to the sluggish European economy. Profitability of the Malaysian operation continued to be affected by high testing cost on new products. As a result, the Group is likely to report a loss for the period. Related companies in the same sector includes Spindex Industries Ltd, Armstrong Industrial, Broadway Industrial and Cheung Woh Tech.