SMJ International Holdings Ltd. provided earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that, following a preliminary review of the unaudited financial results of the Group for the financial year ended December 31, 2016, the Group is expected to report a net loss. This is mainly attributable to: a decline in revenue due to a slowdown in Singapore's private sector construction activities and global economy; impairment loss on investment property and allowance for impairment of trade receivables to mark to market the carrying value of the Group's assets; and inventories write-off and inventories write-down in line with the weak global market sentiment.