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China Angel reports 2QFY09 Results (11 Aug 09)

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  • Revenue: +20.0% (2Q09), -17.0% (1H09)
  • Net Profit: NM (2Q09), NM (1H09)
  • Outlook: The Group should be able to capitalize on the improved sentiments during the upcoming festive seasons, especially the mooncake festival.
  • In addition, the Group will continue to exert efforts in its marketing and advertising activities to develop its markets in the second tier cities.
  • The directors believe that the Group’s branding and marketing initiatives will continue its revenue growth and also create an impact in these new markets.
  • The directors are optimistic that the Group's performance for the second half of FY 2009 is expected to be better than the first half, barring any unforeseen circumstances.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total

2009 35,558 26,780
2008 52,418 22,389 145,742 47,001 267,550
2007 22,211 19,326 121,717 36,165 199,418
2006 26,650 7,401 72,056 19,279 106,173
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total

2009 304 (3,806)
2008 3,063 (2,077) 40,621 (8,946) 32,661
2007 2,905 3,394 38,005 2,562 46,866
2006 1,233 3,087 28,058 5,355 37,734
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Dividends

FY Interim Final Special (SGD)

NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $0.8373
EPS = $(0.0109) (6M FY09)
No of Shares = 320,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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