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Meiban Group reports 2QFY09 Results (06 Aug 09)
- Revenue: -7% (2Q09), -24% (1H09)
- Net Profit: -2% (2Q09), -10% (1H09)
- Outlook: The general business conditions are likely to remain challenging for the Group during the rest of FY2009.
- Notwithstanding the deceleration in the decline in revenue in Q2 2009, uncertainties prevail in the outlook for the industry.
- The Group will continue to stay vigilant and focus on effective cost control and liquidity management during the second half of 2009.
- During this current period of lower business activities, the Group is actively working to improve its core competencies to remain relevant in serving its existing customers.
- At the same time, the Group has also intensified efforts to market its services to potential new customers.
- Barring unforeseen circumstances, the Group is expected to remain profitable in FY2009.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 72,977 104,401
2008 121,945 112,110 124,936 121,929 480,920
2007 127,655 159,503 169,720 146,020 602,898
FY 1H 2H Total
2006 208,631 267,237 475,868
2005 244,946 191,841 436,787
2004 192,650 307,240 499,890
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 2,886 3,583
2008 3,536 3,646 7,053 6,915 21,150
2007 3,092 5,063 7,718 7,473 23,346
FY 1H 2H Total
2006 3,342 5,463 8,805
2005 7,508 3,793 11,301
2004 8,280 15,471 23,751
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Dividends (SGD)
FY Interim Final Special
2009 NA
2008 NA 0.01 0.01
2007 0.0226 0.01 0.01
2006 NA 0.01 0.005
2005 NA 0.01 0.005
2004 NA 0.01 0.005
2003 NA 0.015 0.015
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Bonus / Rights / Stock Split
Date Type Details
2004-09-14 Bonus OFFER OF 1 FOR 2
2004-05-14 Stock Split STOCK SPLIT OFFER OF 2 FOR 1
2002-11-28 Rights OFFER OF 1 FOR 5 @ $0.22
1996-06-20 Rights OFFER OF 2 FOR 5 @ $0.38
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Share Data (SGD)
NAV = $0.409
EPS = $0.019 (6M FY09)
No of Shares = 332,043,200
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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