Kinergy Corporation Ltd. provided earnings guidance for the year ended 31 December 2019. The board of directors informed the shareholders of the Company and potential investors that based on a preliminary review by the Company's management of the unaudited consolidated management accounts of the Group, it is expected that the Group will record a loss of approximately SGD 1.4 million for the year ended 31 December 2019, compared to a profit of approximately SGD 8.7 million for year ended 31 December 2018. The expected net loss for the year ended 31 December 2019 is primarily attributable to (i) the decrease in revenue for the year ended 31 December 2019 due to the trade war between China and the United States resulting in customers delaying finished goods delivery and a decrease in orders from customers, which is a reflection of the decline in worldwide semiconductor business in particular and (ii) the foreign exchange loss, net for the year ended 31 December 2019.