“While constraints on foreign labour and headwinds such as global inflationary pressures and rising material costs weigh down the outlook for the immediate term, we believe the construction sector will continue to normalise as Singapore gradually opens its economy and its borders,” Teo Hock Chwee, TTJ’s Executive Chairman, says. “Over the immediate horizon, we will maintain our disciplined approach to managing our resources, so as to deliver our order book on schedule, and continue to work towards growing the business in a sustainable manner.”
Shares in TTJ Holdings closed at 18 cents on March 11.
