The testing specialist had reported a creditable set of results for FY2021, with revenue rising by 9% year on year to S$565.5 million.
According to VLSI research, the System Level Testing industry is expected to grow more than four times faster than wafer sorting and functional test due to the increased demand for semiconductor chips for critical applications.At the midpoint of this range, it represents a nearly 23% year on year jump.Ascott Residence Trust, or ART, is the largest hospitality trust with total assets worth S$7.7 billion as of 31 December 2021.
Revenue per available unit saw a 17% year on year jump to S$69 per day, a sign that a recovery is well underway.The trust’s units offer a historical distribution yield of around 3.8%.With Singapore’s further reopening, tourism is expected to thrive, benefitting ART’s RevPAU and occupancy levels.