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EUCON POSTS REVENUE OF $18.8M IN 2Q09. BOARD UPGRADED CAUTION ON FINANCIAL & CREDIT RISK ASSESSMENT (04 Aug 09)

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  • Revenue: -50% (2Q09), -54% (1H09)
  • Net Profit: NM (2Q09), NM (1H09)
  • Outlook: For electronics industry, demand is generally higher in the second half of the year. However, in view of the global financial crisis, the management foresees demand in this coming 3009 may be lower than previous year.
  • The continuing credit tightness remained a risk to the Group.
  • In particular, in view of the substantial losses incurred in 1H09 and the poor business prospect discussed above, the Board thinks it is appropriate to upgrade its caution to shareholders and investors that the ability of the Group to remain as a going concern is uncertain as it will continue to depend heavily on its continued ability to rely on banking loans and facilities in the foreseeable future.

FINANCIAL RESULTS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 11,211 18,824
2008 26,940 37,845 35,258 19,548 119,591
2007 23,678 24,554 32,576 35,330 116,138
2006 25,895 26,307 31,088 28,462 111,752
2005 11,679 11,770 20,068 31,223 74,740
2004 7,965 11,479 9,443 12,933 41,820
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2009 (4,682) (5,798)
2008 (1,597) 2,240 508 (11,844) (10,693)
2007 (2,164) (2,070) 7,812 3,046 6,624
2006 6,007 4,038 4,006 1,282 15,333
2005 109 507 3,436 8,527 12,579
2004 1,414 3,892 1,068 1,882 8,256
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 NA NA NA
2006 NA 0.005 NA
2005 NA 0.005 NA
2004 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details

NA
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.1281
EPS = $(0.0184) (6M FY09)
No of Shares = 570,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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