TEE International Limited provided earnings guidance for the second quarter and first half of 2018. The company expects to report a loss for fiscal year 2018 second quarter and fiscal year 2018 first half, which was mainly due to the following reasons: Impairment loss of SGD 6.2 million on the proposed disposal of all the TEE Land Limited's shareholding in its 31.88% owned Thai associate, Chewathai Public Company Limited; and Impairment loss of SGD 1.8 million for the unsold units in Peak I held by TEE Land Limited as the recent sale of one of the units indicated that the net realizable value of these unsold units has declined.