Company Watch

LHN on track for market re-rating with strong profit outlook

Executive chairman targets $500m market capitalisation by end of this decade

LHN Group executive chairman Kelvin Lim sees rising costs and a labour crunch as challenges to its business. "We also need to scale up the technology ladder, and are looking to capital markets to fuel our growth," he says.
LHN Group executive chairman Kelvin Lim sees rising costs and a labour crunch as challenges to its business. "We also need to scale up the technology ladder, and are looking to capital markets to fuel our growth," he says. ST FILE PHOTO
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One doesn't usually see Singapore-listed companies providing strong earnings guidance. But Catalist-listed LHN Group did just that, fulfilling its obligations under Hong Kong Stock Exchange listing rules.

On April 20, it announced that it expected a significantly higher net profit before tax for the first half of FY2021 of no less than $17 million, compared with $3.8 million for the six months ended March 31 last year.

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A version of this article appeared in the print edition of The Straits Times on May 11, 2021, with the headline LHN on track for market re-rating with strong profit outlook. Subscribe