Sin Ghee Huat Corporation Ltd. announced that the global economy has stabilized somewhat following a slew of political elections in major markets like US, South Korea, Japan and China. Recent measures taken by China to boost its economy appear to paint a positive economic outlook for 2013. Steady oil price will ensure a continuing, if not growing, demand for stainless steel products in the oil & gas, offshore and rig-building industries.

Against this backdrop, the directors expect the third quarter and full year to be profitable.