TTJ Holdings

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I wrote to TTJ's IR team about the COVID19 case, this is the reply i got,

"One additional case is linked to the cluster at TTJ Design & Engineering Pte Ltd (57 Pioneer Road), which has a total of 46 confirmed cases now"

Further updates of TTJ domortiory COVID19 situation, :O
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
I wrote to TTJ's IR team about the COVID19 case, this is the reply i got,

"One additional case is linked to the cluster at TTJ Design & Engineering Pte Ltd (57 Pioneer Road), which has a total of 46 confirmed cases now"

Further updates of TTJ domortiory COVID19 situation, :O
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
https://www.channelnewsasia.com/news/bus...i-12927168

Year-on-year, the economy shrank 12.6 per cent, deteriorating from the first quarter’s revised 0.3 per cent decline.

The construction sector was the worst hit in the second quarter, contracting 54.7 per cent year-on-year after the first quarter's 1.1 per cent fall. On a quarter-on-quarter basis, the construction sector plunged 95.6 per cent.

This as the circuit breaker halted most construction activities and other measures such as movement restrictions at foreign worker dormitories brought about manpower disruptions, MTI said.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
https://www.channelnewsasia.com/news/bus...i-12927168

Year-on-year, the economy shrank 12.6 per cent, deteriorating from the first quarter’s revised 0.3 per cent decline.

The construction sector was the worst hit in the second quarter, contracting 54.7 per cent year-on-year after the first quarter's 1.1 per cent fall. On a quarter-on-quarter basis, the construction sector plunged 95.6 per cent.

This as the circuit breaker halted most construction activities and other measures such as movement restrictions at foreign worker dormitories brought about manpower disruptions, MTI said.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
PROFIT GUIDANCE FOR THE FINANCIAL YEAR ENDED 31 JULY 2020

The Board of Directors (the “Board”) of T T J Holdings Limited (the “Company”, and together with its
subsidiaries, the “Group”) wishes to announce that following a preliminary assessment of the Group’s
unaudited financial statements for the financial year ended 31 July 2020 (“FY2020”), the Group is
expected to report a net loss for FY2020.

The expected net loss of the Group for FY2020 is mainly
attributable to direct and indirect impact of the outbreak of the COVID-19 pandemic and the circuit
breaker measures and control measures implemented in Singapore which led to the disruption of the
Group’s business operations and increase in other losses mainly in relation to allowance for impairment
loss on property, plant and equipment as a result of the liquidation of a subsidiary (please refer to the
announcements dated 20 May 2020 and 28 May 2020 in relation to the creditors’ voluntary winding up of
the Company’s 51%-owned direct subsidiary, Technics Steel Pte. Ltd.).

The profit guidance is based on a preliminary review of the unaudited financial results of the Group for
FY2020 and the Company is still in the process of finalising its FY2020 financial results.

Further details of the Group’s financial performance will be disclosed when the Company announces its unaudited
financial results for FY2020 on or before 29 September 2020.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
PROFIT GUIDANCE FOR THE FINANCIAL YEAR ENDED 31 JULY 2020

The Board of Directors (the “Board”) of T T J Holdings Limited (the “Company”, and together with its
subsidiaries, the “Group”) wishes to announce that following a preliminary assessment of the Group’s
unaudited financial statements for the financial year ended 31 July 2020 (“FY2020”), the Group is
expected to report a net loss for FY2020.

The expected net loss of the Group for FY2020 is mainly
attributable to direct and indirect impact of the outbreak of the COVID-19 pandemic and the circuit
breaker measures and control measures implemented in Singapore which led to the disruption of the
Group’s business operations and increase in other losses mainly in relation to allowance for impairment
loss on property, plant and equipment as a result of the liquidation of a subsidiary (please refer to the
announcements dated 20 May 2020 and 28 May 2020 in relation to the creditors’ voluntary winding up of
the Company’s 51%-owned direct subsidiary, Technics Steel Pte. Ltd.).

The profit guidance is based on a preliminary review of the unaudited financial results of the Group for
FY2020 and the Company is still in the process of finalising its FY2020 financial results.

Further details of the Group’s financial performance will be disclosed when the Company announces its unaudited
financial results for FY2020 on or before 29 September 2020.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
FY2020 out,

Loss 11.3milo
Dividends : 0.4 cents

Singapore, 23 September 2020 – T T J Holdings Limited (“T T J” or together with its
subsidiaries, the “Group”), one of Singapore’s largest structural steel specialists, reported a
net attributable loss of S$11.3 million for the 12 months period ended 31 July 2020 (“FY2020”)
as the suspension of construction activities during Singapore’s Circuit Breaker period (“CB”)
to curb COVID-19 impacted its operations in 2HFY2020.

The Group has nonetheless proposed a first and final dividend of 0.4 Singapore cents per share for FY2020.
The Group recorded a significant increase in other losses to S$16.8 million in FY2020
compared to S$1.2 million a year ago. The other losses in FY2020 were mainly in relation the
impairment loss arising from a property of a subsidiary in Singapore, property, plant and
equipment written off, and lease termination fee arising from a subsidiary which was disposed
during the year as well as loss on disposal of subsidiary.

Overall, the Group’s revenue in FY2020 remained stable at S$77.7 million. In FY2020,
revenue contribution from the structural steel business rose marginally while revenue from the
waste management and treatment business remained relatively low as the COVID-19
pandemic weakened market demand for wood pellets, resulting in lower average selling prices.


Said T T J’s Chairman and Managing Director, Mr Teo Hock Chwee (张福水): “Our business
in 2HFY2020 was severely affected by the suspension of construction activities during the CB
period in Singapore, as well as manpower disruptions arising from additional measures to curb
the spread of the virus, including movement restrictions at foreign worker dormitories.
However, the Group has gradually resumed operations since August 2020. Most of our local
construction projects have restarted and we also expect more of our external worksites to
gradually restart in the coming months.”
He continued, “We expect the ongoing pandemic and its knock-on economic effects to impair
our earnings capacity and ability to secure new projects in the next 12 months. However, our
order book remains intact. Our current cash resources are sufficient to help us meet our nearterm debt obligations and operational needs and we will continue to be prudent in our cash
conservation and cash flow management to ensure the Group’s operations remain sustainable.

We will also continue to ensure and prioritise the health, safety and well-being of our
employees, subcontractors and their workers, clients and other stakeholders.”
As of 23 September 2020, the Group’s S$168 million order book remains healthy and intact,
including S$52 million in new structural steel contracts secured during the pandemic as
announced on 28 April 2020. While these projects were originally meant to be substantially
completed between FY2020 and FY2022, the Group expects possible delays due to the
COVID-19 pandemic.

As part of the Group’s efforts to mitigate the adverse financial impact of COVID-19 and protect
jobs, the management team has taken a salary cut of up to 50% since August 2020. Companywide salary cuts, ranging from 7% to 15%, have also been implemented for T T J employees.
Meanwhile, the government’s Job Support Scheme (JSS) as well as the Foreign Worker Levy
(FWL) waiver and rebates for S-Pass and work permit holders, which have helped cushion
the financial impact from the CB measures, will continue to provide some relief for the Group’s
manpower costs in FY2021.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
FY2020 out,

Loss 11.3milo
Dividends : 0.4 cents

Singapore, 23 September 2020 – T T J Holdings Limited (“T T J” or together with its
subsidiaries, the “Group”), one of Singapore’s largest structural steel specialists, reported a
net attributable loss of S$11.3 million for the 12 months period ended 31 July 2020 (“FY2020”)
as the suspension of construction activities during Singapore’s Circuit Breaker period (“CB”)
to curb COVID-19 impacted its operations in 2HFY2020.

The Group has nonetheless proposed a first and final dividend of 0.4 Singapore cents per share for FY2020.
The Group recorded a significant increase in other losses to S$16.8 million in FY2020
compared to S$1.2 million a year ago. The other losses in FY2020 were mainly in relation the
impairment loss arising from a property of a subsidiary in Singapore, property, plant and
equipment written off, and lease termination fee arising from a subsidiary which was disposed
during the year as well as loss on disposal of subsidiary.

Overall, the Group’s revenue in FY2020 remained stable at S$77.7 million. In FY2020,
revenue contribution from the structural steel business rose marginally while revenue from the
waste management and treatment business remained relatively low as the COVID-19
pandemic weakened market demand for wood pellets, resulting in lower average selling prices.


Said T T J’s Chairman and Managing Director, Mr Teo Hock Chwee (张福水): “Our business
in 2HFY2020 was severely affected by the suspension of construction activities during the CB
period in Singapore, as well as manpower disruptions arising from additional measures to curb
the spread of the virus, including movement restrictions at foreign worker dormitories.
However, the Group has gradually resumed operations since August 2020. Most of our local
construction projects have restarted and we also expect more of our external worksites to
gradually restart in the coming months.”
He continued, “We expect the ongoing pandemic and its knock-on economic effects to impair
our earnings capacity and ability to secure new projects in the next 12 months. However, our
order book remains intact. Our current cash resources are sufficient to help us meet our nearterm debt obligations and operational needs and we will continue to be prudent in our cash
conservation and cash flow management to ensure the Group’s operations remain sustainable.

We will also continue to ensure and prioritise the health, safety and well-being of our
employees, subcontractors and their workers, clients and other stakeholders.”
As of 23 September 2020, the Group’s S$168 million order book remains healthy and intact,
including S$52 million in new structural steel contracts secured during the pandemic as
announced on 28 April 2020. While these projects were originally meant to be substantially
completed between FY2020 and FY2022, the Group expects possible delays due to the
COVID-19 pandemic.

As part of the Group’s efforts to mitigate the adverse financial impact of COVID-19 and protect
jobs, the management team has taken a salary cut of up to 50% since August 2020. Companywide salary cuts, ranging from 7% to 15%, have also been implemented for T T J employees.
Meanwhile, the government’s Job Support Scheme (JSS) as well as the Foreign Worker Levy
(FWL) waiver and rebates for S-Pass and work permit holders, which have helped cushion
the financial impact from the CB measures, will continue to provide some relief for the Group’s
manpower costs in FY2021.
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
SAMARANG ASIAN PROSPERITY Fund - 433 milos value

SAMARANG is buying into TTJ, and all asian's infrastructure companies...

Let see what happens, Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
SAMARANG ASIAN PROSPERITY Fund - 433 milos value

SAMARANG is buying into TTJ, and all asian's infrastructure companies...

Let see what happens, Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
https://www.businesstimes.com.sg/governm...to-recover

TOTAL construction demand is projected to recover to between S$23 billion and S$28 billion this year, but industry players are mixed on whether they have the capacity to cope with the rising demand, given manpower issues.

2021 Slow road to recovery expected...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
https://www.businesstimes.com.sg/governm...to-recover

TOTAL construction demand is projected to recover to between S$23 billion and S$28 billion this year, but industry players are mixed on whether they have the capacity to cope with the rising demand, given manpower issues.

2021 Slow road to recovery expected...
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply


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