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Kian Ho Bearings reports 1HFY09 Results (12 Aug 09)

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  • Revenue: -24%
  • Net Profit: -58%
  • Outlook: The Group had anticipated the difficult economic climate with the onset of the global financial crisis since the last quarter of 2008.
  • However, the Group will continue its strategy to establish its presence in new territories that the recent setups are located in.
  • The Group is striving to enter into new geographical markets in the next 12 months.
  • The Group will continue to take measures to consolidate its operations in the existing markets and exercise stringent controls over both operating and capital expenditures.
  • Though the Group expects the market conditions to be challenging, barring any unforeseen circumstances, the Directors expect the performance of the Group in 2009 to remain profitable.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 40,852
2008 53,894 48,811 102,705
2007 50,177 51,758 101,935
2006 50,408 43,131 93,539
2005 45,668 46,485 92,153
2004 41,997 41,809 83,806
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Earnings (SGD '000)

FY 1H 2H Total

2009 1,554
2008 3,738 2,981 6,719
2007 3,861 3,221 7,082
2006 3,639 2,446 6,085
2005 3,308 2,962 6,270
2004 2,908 1,834 4,742
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Dividends

FY Interim Final Special Bonus (SGD)

2009 NA
2008 NA 0.004 NA NA
2007 NA 0.002 0.002 NA
2006 NA 0.002 0.002 0.0625
2005 NA 0.002 0.004 NA
2004 NA 0.002 0.003 NA
2003 NA 0.002 0.002 NA
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Bonus / Rights / Stock Split

Date Type Details

2006-09-21 Rights OFFER OF 1 FOR 2 @ $0.1
1997-09-12 Bonus OFFER OF 1 FOR 5
1997-09-12 Rights 1WTFOR5SHR OFFER OF 1 FOR 5 @ $0.13
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Share Data (SGD)

NAV = $0.28
EPS = $0.0066 (6M FY09)
No of Shares = 234,060,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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