CHASEN: "Targeting S$200 m revenue by 2020"

Chasen Holdings' just-released Sustainability Report conveys a positive outlook for its business and, specifically, reiterates its S$200 m revenue target by 2020: 

Chasen workers relocating sophisticated machinery. This requires state-of-the-art material handling equipment and specialised worker skills. Photo: Company Page 8 The Group’s vision is to offer integrated services combining technical and engineering capabilities to complement logistics services. As the vision is being realised the Group would enhance its competitiveness beyond pricing. As a whole, Chasen continues to make good progress and the current financial year is expected to be another watershed as each subsidiary successfully implement their strategic business plans approved by the Board.

As book orders continue to build up and projects executed across our business segments and geographic regions, we hope to exceed previous achievements in annual revenue and bottomline in tune with global economic growth opportunities.

If the revenue targets for this financial year are achieved, and barring unforeseen circumstances, the Group would be expected to be well on its way to achieve its target of $200 million in revenue by 2020 through the following strategies:

I. Scaling up relocation business in China, Malaysia, Vietnam and the US;

II. Growing the 3PL cross-border land freight business; and

III. Streamlining Singapore operations, particularly the Technical & Engineering operations, to improve internal cost efficiencies.

In today’s highly volatile business environment, Chasen has, beyond sustained earnings, diligently embraced prudent financial management, capitalised on our assets and investments, and remained focused on growth strategies, to enhance shareholders’ value.