Sinwa released its full year results at market close on 22^nd February. We were fortunate to be invited to the results briefing session, where Executive Chairman Mike Sim, CEO Bruce William Rann and CFO Elvin Law were present, to find out more about the company and its strategic direction. Exposure to oil and gas is not high Sinwa is a marine supply and logistics company which services the oil and gas industry and sea-going vessels. Many would see the weakness in the oil and gas industry as a key risk for Sinwa. Surprisingly, Executive Chairman Mike Sim shared that only about 20% of their Singapore revenue comes from the oil and gas sector. This is significant given that Singapore accounts for almost 80% of the Group’s revenue. Overall, revenue from the oil and gas sector only constitutes about 28.6% of total revenue. The remaining comes from the transport ......