SGX Stocks :: Your One Stop SGX Stocks Info Blog

• Revenue: -6.6%
• Net Profit: NM
• Press Release: Maintain healthy Balance Sheet with Cash and Cash Equivalent of approximately S$7.7 million
• Net loss of S$2.0 million in HY2009 due to S$2.2 million in provisions
• Group expects to return to profitability in 2H2009
• Outlook: FY2009 is likely to remain challenging for the Group given that the
  weakness in the global economy is likely to affect export sales and dampen consumer confidence in Malaysia and Singapore.
• FY2009’s results will also be affected by the Group's decision to streamline and rational operations, namely: to close its Australian store; to stop supporting LRS stores that place few orders with it; and the consolidation of its production in a new factory.
• As at 30 June 2009, the Group has an outstanding order book of approximately S$15.4 million.
• Barring unforeseen circumstances and any impairment charges, the Directors expect the Group to return to profitability in second half of FY2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 40,630
2008 43,494 51,272 94,766
2007 42,687 45,532 88,219
2006 34,212 36,752 70,964
2005 29,886 35,446 65,332
2004 NA NA 52,477
-----------------------------------------------------------
Earnings (SGD '000)

FY 1H 2H Total
2009 (2,041)
2008 1,618 1,738 3,356
2007 2,234 1,343 3,577
2006 1,330 988 2,318
2005 1,857 1,161 3,018
2004 NA NA 2,600
-----------------------------------------------------------
Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.0050 NA
2007 NA 0.0085 NA
2006 NA 0.0085 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details
NA
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.1802
EPS = $(0.0121) (6M FY09)
No of Shares = 168,000,000
-----------------------------------------------------------

ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA