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• Revenue: +37.9% (3Q09), +21.6% (9M09)
• Net Profit: +30.7% (3Q09), +2.0% (9M09)
• Outlook: With its timely acquisition of land plots recently at reasonably attractive prices, the Group intends to launch at least another four projects with about 280 residential flats and 6 landed houses this year.
• The Group also intend to launch another mixed development project with a total of 93 units early next year.
• The present total number of guest rooms in the Group's hotel chain is 1,373.
• Another two hotels strategically located in the city area, with about 250 guest rooms are in the works and are slated for completion next year.
• Making use of the slowdown in the tourism industry early this year, the Group has carried out a series of minor refurbishment works to some of its hotels.
• The Group also intends to start a major refurbishment work to one of its hotel outlets and expect to complete the works early next year.
• With all these preparations, the directors believe that the Group is well positioned to benefit from the expected influx of tourists when the two integrated resorts are in operation.
• Barring unforeseen circumstances, the directors expect the Group to remain profitable in 2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 50,780 79,516 57,696
2008 53,086 59,735 41,828 60,699 215,348
2007 15,592 27,819 48,303 44,402 136,116

FY 1H 2H Total
2006 49,478 48,266 97,744
2005 37,574 49,155 86,729
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 10,106 17,690 15,071
2008 14,625 15,876 11,532 13,530 55,563
2007 2,107 5,403 10,985 11,905 30,400

FY 1H 2H Total
2006 7,002 7,839 14,841
2005 5,458 8,295 13,753
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Dividends

FY Interim Final Special (SGD)
2009 0.0025+0.005 0.0055 (3Q) 0.0045 (spe)
2008 0.0025 0.0060 0.0015(3Q)
2007 0.0100 0.0050 NA
2006 0.0075 0.0225 NA
2005 0.0200 0.0380 NA
2004 NA 0.0260 NA
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Bonus / Rights / Stock Split

Date Type Details
2008-01-22 Bonus OFFER OF 4 FOR 1
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Share Data (SGD)

NAV = $0.19
EPS = $0.051 (9M FY09)
No of Shares = 840,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA