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Tai Sin Electric reports FY09 Results (27 Aug 09)

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  • Revenue: -15%
  • Net Profit: -58%
  • Outlook: The Group’s cable and wire segment will continue to tap on the construction sector within ASEAN and the Middle East for its growth in the coming year.
  • The revival of deferred public sector projects in Singapore will ensure that the sector continues to expand.
  • However, any further decline in the manufacturing sector in Singapore could curtail the performance of the Group’s electrical material distribution business.
  • The Group will defend its profitability while continuing to focus its efforts to strengthen its balance sheet and cash flow through better management of its trade receivables and inventories.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 111,220 82,989 194,209
2008 132,063 124,856 256,919
2007 117,738 114,984 232,722
2006 85,932 97,480 183,412
2005 63,274 71,071 134,345
2004 NA NA 106,234
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Earnings (SGD '000)

FY 1H 2H Total

2009 3,111 6,363 9,474
2008 12,800 9,603 22,403
2007 12,178 8,699 20,811
2006 4,000 7,229 11,229
2005 2,350 2,944 5,294
2004 NA NA 3,659
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Dividends

FY Interim Final Special (SGD)

2009 0.005 0.005 NA
2008 0.010 0.010 NA
2007 0.050 0.010 NA
2006 0.004 0.006 NA
2005 NA 0.0075 NA
2004 NA 0.006 NA
2003 NA 0.005 NA
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Bonus / Rioghts / Stock Split

Date Type Details
2007-03-15 Rights OFFER OF 1 FOR 2 @ $0.1
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Share Data (SGD)

NAV = $0.2467
EPS = $0.0243 (12M FY09)
No of Shares = 389,478,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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