News / Singamas warns investors it's in for a bumpy ride as demand for new containers slumps

07/06/2016

Container manufacturer Singamas yesterday issued a profit warning to the Hong Kong Stock Exchange.

The Chinese firm blamed declining global demand for ocean freight transport and consolidation among its principal customers.

The company, the world’s second-largest box maker after CIMC, warned investors it would post a loss of US$25m for the ...

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