Latest news with #JTC
Straits Times
24 minutes ago
- Business
- Straits Times
Chipmaker Frencken to build new $63 million plant in Kaki Bukit
The new facility will 'lay a stronger foundation' for the mainboard-listed company to continue to expand its mechatronics business in Singapore. PHOTO: BT FILE SINGAPORE - Singapore-listed semiconductor maker Frencken will invest $63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit. The new site will be built on a plot of land leased from Jurong Town Corporation (JTC) to its subsidiary ETLA for a period of 33 years, from Aug 18, 2025, the group said in a bourse filing on June 3. The new facility will 'lay a stronger foundation' for the mainboard-listed company to continue to expand its mechatronics business in Singapore. The new facility will expand its production resources to support existing and new programmes, as well as strengthen its position with key customers in the coming years, it added. In particular, the new plant will have larger clean rooms, allowing the group to scale up its business with key wafer fabrication equipment customers. 'The group believes Singapore will remain a vital and strategic base for its manufacturing operations and future growth,' said Frencken in the statement. 'The new facility will continue to ensure the group's proximity to its semiconductor customers in Singapore.' Once it is completed, Frencken plans to progressively relocate and consolidate its manufacturing operations in Singapore, which are currently in separate facilities in Changi North and Seletar Aerospace Link. Frencken will fund the construction and fit-out work of the new plant through internally-generated resources and borrowings. As part of the lease agreement with JTC, ETLA has to invest at least $19.5 million, of which $13.3 million must be spent on new plant and machinery. This investment must be fulfilled within three years of the commencement date. The remaining amount can consist of the net book value of ETLA's existing plant and machinery that will be relocated to the new site. The Kaki Bukit plot has a land area of 12,318 square metres (sq m), and is expected to be developed to a gross plot ratio of not less than 2.19 but not exceeding 2.5. The facility is estimated to yield a gross floor area of 28,594 sq m, subject to the final design and development plans. Construction will begin in the third quarter of 2025, and is expected to be completed by the first quarter of 2027. Shares of Frencken closed flat at $1.14 on May 3 before the announcement. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Yahoo
22-05-2025
- Business
- Yahoo
JTC PLC's (LON:JTC) recent 4.9% pullback adds to one-year year losses, institutional owners may take drastic measures
Given the large stake in the stock by institutions, JTC's stock price might be vulnerable to their trading decisions 53% of the business is held by the top 11 shareholders Insiders have bought recently We check all companies for important risks. See what we found for JTC in our free report. Every investor in JTC PLC (LON:JTC) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 68% ownership. Put another way, the group faces the maximum upside potential (or downside risk). As a result, institutional investors endured the highest losses last week after market cap fell by UK£75m. This set of investors may especially be concerned about the current loss, which adds to a one-year loss of 2.9% for shareholders. Also referred to as "smart money", institutions have a lot of sway over how a stock's price moves. As a result, if the downtrend continues, institutions may face pressures to sell JTC, which might have negative implications on individual investors. Let's take a closer look to see what the different types of shareholders can tell us about JTC. See our latest analysis for JTC Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. JTC already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of JTC, (below). Of course, keep in mind that there are other factors to consider, too. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. JTC is not owned by hedge funds. FMR LLC is currently the company's largest shareholder with 6.6% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 6.6% and 6.0%, of the shares outstanding, respectively. Nigel Le Quesne, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer. Looking at the shareholder registry, we can see that 53% of the ownership is controlled by the top 11 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We can report that insiders do own shares in JTC PLC. This is a big company, so it is good to see this level of alignment. Insiders own UK£112m worth of shares (at current prices). If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling. With a 25% ownership, the general public, mostly comprising of individual investors, have some degree of sway over JTC. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Business Times
16-05-2025
- Business
- Business Times
JTC to reclaim about 49 ha of land off Lorong Halus to meet future demand
[SINGAPORE] About 49 hectares (ha) of land will be reclaimed in the waters off Lorong Halus in Pasir Ris by industrial developer JTC to meet future needs, including for industrial use, The Straits Times has learnt. Creation of the plot – roughly the size of 11 Padang fields – is expected to affect visitors to the Pasir Ris and Lorong Halus jetties, with a small impact on nearby seagrass and mangrove patches, according to an environmental impact assessment (EIA) that ST viewed in March. The jetties, which currently serve fish farms in Pasir Ris and the East Johor Strait, will be replaced by two new ones for marine access and operations, JTC said on Friday (May 16) in response to ST's queries. It said no date has been set for the reclamation, as it is reviewing the findings and recommendations of the assessment, as well as feedback from the public about the report. 'The reclamation works will only proceed after both the EIA report and development plans are finalised – there is no fixed timeline yet. 'This is to ensure all environmental considerations and planning requirements are comprehensively addressed before the commencement of works,' it added. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up The new land has been designated for industrial and special purposes in the Urban Redevelopment Authority Master Plan, which guides Singapore's development over the next 10 to 15 years. When completed, one of the new jetties will be located along the western boundary of the site, with an access route running alongside the present shoreline connecting Pasir Ris Coast Industrial Park 6 and the new jetty. The other jetty to replace the jetty in Pasir Ris will be built south-east of the site. JTC said the reclamation is forecast to have a small impact on the natural connections between nearby seagrass and mangrove patches, which enable these habitats to thrive. This is expected to be beneficial for some of these affected ecosystems, with the formation of new connections for seagrass to migrate, and stronger currents caused by the development is expected to help increase the spread of mangroves in northern and southern Pulau Ubin, it added. The assessment had concluded that the proposed works will not result in any loss of conservation-significant flora species along the Lorong Halus and Pasir Ris coastlines. Creation of the plot, roughly the size of 11 Padang fields, is expected to affect visitors to the Pasir Ris and Lorong Halus jetties. PHOTO: ZB FILE The beach at Pasir Ris Park is unlikely to be affected by changes to the long-term deposition of sediments and erosion resulting from the reclamation. JTC plans to develop and implement measures that minimise impact on wildlife and the surrounding environment. For instance, during the construction period, noise pollution will be minimised through hoarding and noise mufflers, dust emissions will be controlled through canvas covers and water, while animals found in the site will be relocated. JTC said: 'To enhance the biodiversity in the area, nature-based solutions will be assessed for suitable locations within the reclamation site. 'Solutions being studied include creating a gentler shoreline slope or increasing its roughness and number of crevices to encourage intertidal and marine biodiversity growth.' Addressing the concern that the development could impact the elusive dugong, JTC said it was not seen in the area where surveys for the assessment were conducted. The marine mammal, which faces a high risk of extinction in the wild, has been recorded along the north-eastern coast of Singapore. 'Nevertheless, vessels will be required to observe speed limits within 100 metres of wildlife sightings and maintain a safe distance until the animals naturally move away from the work zone.' JTC said reclamation works and other land-based works have been optimised to minimise land clearance where possible. The statutory board noted that reclamation had last occurred near the site some 30 years ago, with the existing Lorong Halus coastline originally reclaimed in the 1980s, followed by reclamation of the southern coastline of Coney Island in the 1990s. THE STRAITS TIMES
Business Times
16-05-2025
- Business
- Business Times
JTC to reclaim about 49ha of land off Lorong Halus to meet future demand
[SINGAPORE] About 49ha of land will be reclaimed in the waters off Lorong Halus in Pasir Ris by industrial developer JTC to meet future needs, including for industrial use, The Straits Times has learnt. Creation of the plot – roughly the size of 11 Padang fields – is expected to affect visitors to the Pasir Ris and Lorong Halus jetties, with a small impact on nearby seagrass and mangrove patches, according to an environmental impact assessment that ST viewed in March. The jetties, which currently serve fish farms in Pasir Ris and the East Johor Strait, will be replaced by two new ones for marine access and operations, JTC said on Friday (May 16) in response to ST's queries. It said no date has been set for the reclamation, as it is reviewing the findings and recommendations of the assessment, as well as feedback from the public about the report. 'The reclamation works will only proceed after both the EIA report and development plans are finalised – there is no fixed timeline yet. 'This is to ensure all environmental considerations and planning requirements are comprehensively addressed before the commencement of works,' it added. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up The new land has been designated for industrial and special purposes in the Urban Redevelopment Authority Master Plan, which guides Singapore's development over the next 10 to 15 years. When completed, one of the new jetties will be located along the western boundary of the site, with an access route running alongside the present shoreline connecting Pasir Ris Coast Industrial Park 6 and the new jetty. The other jetty to replace the jetty in Pasir Ris will be built south-east of the site. JTC said the reclamation is forecast to have a small impact on the natural connections between nearby seagrass and mangrove patches, which enable these habitats to thrive. This is expected to be beneficial for some of these affected ecosystems, with the formation of new connections for seagrass to migrate, and stronger currents caused by the development is expected to help increase the spread of mangroves in northern and southern Pulau Ubin, it added. The assessment had concluded that the proposed works will not result in any loss of conservation-significant flora species along the Lorong Halus and Pasir Ris coastlines. Creation of the plot, roughly the size of 11 Padang fields, is expected to affect visitors to the Pasir Ris and Lorong Halus jetties. PHOTO: ZB FILE The beach at Pasir Ris Park is unlikely to be affected by changes to the long-term deposition of sediments and erosion resulting from the reclamation. JTC plans to develop and implement measures that minimise impact on wildlife and the surrounding environment. For instance, during the construction period, noise pollution will be minimised through hoarding and noise mufflers, dust emissions will be controlled through canvas covers and water, while animals found in the site will be relocated. JTC said: 'To enhance the biodiversity in the area, nature-based solutions will be assessed for suitable locations within the reclamation site. 'Solutions being studied include creating a gentler shoreline slope or increasing its roughness and number of crevices to encourage intertidal and marine biodiversity growth.' Addressing the concern that the development could impact the elusive dugong, JTC said it was not seen in the area where surveys for the assessment were conducted. The marine mammal, which faces a high risk of extinction in the wild, has been recorded along the north-eastern coast of Singapore. 'Nevertheless, vessels will be required to observe speed limits within 100 metres of wildlife sightings and maintain a safe distance until the animals naturally move away from the work zone.' JTC said reclamation works and other land-based works have been optimised to minimise land clearance where possible. The statutory board noted that reclamation had last occurred near the site some 30 years ago, with the existing Lorong Halus coastline originally reclaimed in the 1980s, followed by reclamation of the southern coastline of Coney Island in the 1990s. THE STRAITS TIMES
Straits Times
16-05-2025
- Business
- Straits Times
JTC to reclaim about 49ha land off Lorong Halus to meet future demand
The existing Lorong Halus Jetty, which currently serves the fish farms in Pasir Ris and the East Johor Strait, will be replaced as part of the Lorong Halus Reclamation works. PHOTO: SCREENGRAB FROM GOOGLE MAPS JTC to reclaim about 49ha land off Lorong Halus to meet future demand SINGAPORE - About 49ha of land in the waters off Lorong Halus in Pasir Ris will be reclaimed by industrial developer JTC to meet future needs, including for industrial use, The Straits Times has learnt. Creation of the plot - roughly the size of 11 Padang fields - is expected to affect visitors of Pasir Ris and Lorong Halus jetties, with a small impact on nearby seagrass and mangrove patches based on an environmental impact assessment that ST viewed in March. Responding to ST queries, JTC on May 16 said two new jetties for marine vessel access and operations will replace the piers that currently serve fish farms in Pasir Ris and the East Johor Strait. The new land has been designated for industrial and special purposes in the Urban Redevelopment Authority Master Plan, which guides Singapore's development over the next 10 to 15 years. JTC said no date has been set for the reclamation, as it is reviewing the findings and recommendations of the assessment, as well as feedback from the public about the report. It said: 'The reclamation works will only proceed after both the EIA report and development plans are finalised – there is no fixed timeline yet. 'This is to ensure all environmental considerations and planning requirements are comprehensively addressed before the commencement of works.' JTC said the development is forecast to have a small impact on the natural links between nearby seagrass and mangrove patches, which enable these habitats to thrive. In fact, reclamation is expected to be beneficial for some ecosystems, with the formation of new seagrass, and stronger currents caused by the development expected to help increase the spread of mangroves in northern and southern Pulau Ubin, it added. The assessment had concluded that the proposed works will not result in any loss of conservation-significant flora species along the Lorong Halus and Pasir Ris coastlines. Creation of the plot - roughly the size of 11 Padang fields - is expected to affect visitors of Pasir Ris and Lorong Halus jetties. PHOTO: LIANHE ZAOBAO The beach at Pasir Ris Park is also unlikely to be affected by changes to the long-term deposition of sediments and erosion resulting from the reclamation. Meanwhile, JTC plans to develop and implement measures that minimise impact on wildlife and the surrounding environment. For instance, during the construction period, noise pollution will be minimised through hoarding and noise mufflers, dust emissions will be controlled through canvas covers and water, while animals found in the site will be relocated. It added: 'To enhance the biodiversity in the area, nature-based solutions will be assessed for suitable locations within the reclamation site. 'Solutions being studied include creating a gentler shoreline slope or increasing its roughness and number of crevices to encourage intertidal and marine biodiversity growth.' JTC said reclamation works and other land-based works have been optimised to minimise land clearance where possible. When completed, one of the new jetties will be located along the western revetment of the site, with an access route running alongside the present shoreline connecting Pasir Ris Coast Industrial Park 6 and the new jetty. The other jetty to replace the jetty in Pasir Ris will be built on the south-east of the site. The statutory board noted that reclamation had last occurred near the site some 30 years ago, with the existing Lorong Halus coastline originally reclaimed in the 1980s, followed by reclamation of the southern coastline of Coney Island in the 1990s. Addressing the concern that the development could impact the elusive dugong that has been recorded along the north-eastern coast of Singapore, JTC said the marine mammal, which faces a high risk of extinction in the wild, was not seen in the area where surveys for the assessment were conducted. 'Nevertheless, vessels will be required to observe speed limits within 100 metres of wildlife sightings and maintain a safe distance until the animals naturally move away from the work zone.' Join ST's WhatsApp Channel and get the latest news and must-reads.
