LY Corporation Limited
SSGX:1H80.02
SGD
-0.02
(-50.00%)
ISIN
SG1EC1000003
Return %
Stock
S&P 500
1Y
-64.81
14.20
3Y
-52.50
81.12
5Y
-87.16
68.34
Capital Structure
MYR
•
in mil. unless spec.Working Capital
MYR
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in mil. unless spec.Growth Rates
MYR
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in mil. unless spec.Semi-annual Revenue
MYR
•
in mil. unless spec.Semi-annual Earnings Per Share
MYR
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in mil. unless spec.Semi-annual Dividends Per Share
MYR
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in mil. unless spec.Company Description
- CEO
- Yong Chuan Tan
- Full Time Employees
- 1,212
- Sector
- Consumer durables
- Industry
- Home furnishings
- Address
- Singapore Singapore
- IPO Date
- Jan 31, 2018
- Website
- lycorp.co
- Similar Companies
- Business
- LY Corporation Limited is a Singapore-incorporated, Malaysia-based investment holding company primarily engaged in the design, manufacture, and export of wooden home furniture. The company operates through Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM) models, specializing in an extensive portfolio of residential furniture products and woodworking services. Its core product offerings comprise wooden bedroom furniture, including bed frames, headboards, footboards, nightstands, dressers, mirrors, armoires, and storage chests; dining room furniture, consisting of dining tables, upholstered dining chairs, benches, sideboards, buffets, and display cabinets; living room furniture, including coffee tables, end tables, console tables, and media entertainment units; and home office furniture, including desks, bookcases, and credenzas. In addition to finished furniture collections, the company provides specialized woodworking and auxiliary services, including kiln drying, timber processing, computerized numerical control (CNC) machining, veneer lamination, custom surface finishing and coating, and upholstery assembly. LY Corporation Limited distributes its products to overseas furniture retailers, wholesalers, brand owners, and department stores, with the United States serving as its primary export market, alongside distribution across Europe, Canada, Japan, Australia, and other Asia-Pacific regions. Operating through principal subsidiaries including LY Furniture Sdn. Bhd. and Lean Heng Manufacture Sdn. Bhd., the company maintains integrated manufacturing and warehousing facilities in Batu Pahat, Johor, Malaysia, with its registered corporate office situated in Singapore. Founded in 1976 and listed on the Catalist board of the Singapore Exchange (SGX: 1H8), the company has recently undertaken strategic operational expansions and business enhancements, including the installation and commissioning of rooftop solar photovoltaic systems across its primary manufacturing facilities to optimize energy efficiency and lower operational costs; the modernization of its production infrastructure through automated woodworking equipment; the diversification of its product development into contemporary hybrid wood-and-metal designs and ready-to-assemble (RTA) product lines tailored for cross-border e-commerce channels; the enhancement of direct warehouse fulfillment operations for North American retail partners; and the strategic streamlining of its raw material procurement with certified sustainable timber suppliers to strengthen ESG compliance and mitigate global supply chain fluctuations.