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• Revenue: -36.9% (2Q09), -23.6% (1H09)
• Net Profit: -41.0% (2Q09), -25.5% (1H09)
• Press Release: Revenue decreases 36.9% yoy to S$177.6 million in 2Q2009
• Gross margin improves 4.9 points yoy to 22.8%
• Net margin holds steady at 9.0%
• Strong balance sheet with 0.8% gross gearing and S$251.4 million net cash on hand
• Outlook: The Group expects much lower revenue and profit for 3Q2009 compared to 3Q2008.
• Mass production of new projects will start in 4Q2009.
• The Group will continue to exercise good cost control measures.
• Outlook for FY2009 still dependent on global market conditions.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 244,005 177,605
2008 269,985 281,508 253,528 272,081 1,077,102
2007 199,523 201,385 262,345 313,314 976,566
2006 186,468 174,987 220,346 257,280 839,081
2005 133,592 139,611 160,230 199,521 632,954
2004 111,472 150,675 154,995 143,789 560,931
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Earnings (SGD '000)

Yr 1Q 2Q 3Q 4Q Total
2009 22,571 15,962
2008 24,678 27,077 25,527 25,039 102,321
2007 15,074 13,472 468 30,987 59,999
2006 14,371 14,249 15,391 13,449 57,461
2005 20,657 21,739 24,703 21,923 89,022
2004 16,127 22,130 24,767 25,029 88,053
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.022 NA
2007 NA 0.015 NA
2006 NA 0.008 NA
2005 NA 0.010 NA
2004 NA 0.010 NA
2003 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.6578
EPS = $0.0439 (6M FY09)
No of Shares = 868,746,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA