Tiong Woon Corporation: Big profits in heavy lifting

Tiong Woon Corporation: Big profits in heavy lifting

Crane owner Tiong Woon is reporting stronger earnings, boosting its capital expenditure and lifting its dividend. Its CEO Michael Ang and CFO William Tan sit down with BT’s Ben Paul to discuss the outlook for the company, and why the company’s shares are undervalued.

Highlights of the podcast:

03:50 Riding an investment spending boom

07:55 Expanded margins, bigger dividends

18:15 Globally ranked and publicly listed

21:28 “Not sexy”: Closing the valuation gap

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Send your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg.

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Written and hosted by: Ben Paul (benpaul@sph.com.sg)

With Michael Ang, CEO and William Tan, CFO, Tiong Woon Corporation

Edited by: Howie Lim & Claressa Monteiro

Produced by: Ben Paul, Howie Lim & Chai Pei Chieh

A podcast by BT Podcasts, The Business Times, SPH Media

Follow BT Correspondents:

Channel: bt.sg/btcobt

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Website: bt.sg/btcorresp

Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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