SGX Stocks :: Your One Stop SGX Stocks Info Blog

• Revenue: +29.5%
• Net Profit: -61.7%
• Outlook: Although there are signs that the worst is over and the global situation is stabilising, the Group remains cautious in its outlook for the future.
• The IT sector is still recovering from a cutback in new capital expenditure over the last 12 months by financial institutions and various industry sectors.
• This has resulted in the deferral of investment decisions by some prospects and affected the Group's sales pipeline.
• On the hotel sector, the Group will continue to identify suitable locations for the development of budget hotels.
• On investments, the Group feels that the recent global credit crunch have brought valuations of potential acquisition targets to more reasonable levels and opportunities abound for those with the resources to pursue them.
• The Group will be on the lookout to identify such opportunities.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 1,178 2,979 4,157
2008 1,317 2,385 3,702
2007 1,185 4,659 5,844
2006 945 888 1,833
2005 1,431 1,158 2,589
2004 NA NA 3,443
-----------------------------------------------------------
Earnings (SGD '000)

FY 1H 2H Total
2009 (225) 721 496
2008 122 1,172 1,294
2007 463 2,650 3,113
2006 (113) 641 528
2005 776 1,935 2,711
2004 NA NA (3,261)
-----------------------------------------------------------
Dividends

FY Interim Final Special (SGD)
NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details
2006-11-14 Share Consolidation SHARE CONSO OFFER OF 1 FOR 2
2006-11-14 Rights OFFER OF 3 FOR 2 @ $0.05
2003-07-16 Cash Distribution CASHD $0.05/SH
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.0724
EPS = $0.0019 (12M FY09)
No of Shares = 256,002,490
-----------------------------------------------------------

ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA