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• Revenue: -74.7% (2Q09), -60.0% (1H09)
• Net Profit: NM (2Q09), NM (1H09)
• Outlook: The Group continues to expect a challenging business environment in The People’s Republic of China’s oil and gas markets going forward and this is going to affect its revenue for the current financial year.
• Several major projects which were expected to be awarded and commence in 1Q2009 continue to be delayed and/or postponed.
• The Group has seen customers making more enquiries as they commissioned it to perform initial feasibility study on petrochemical projects in places such as Hainan Island, Haixizhou in Qinghai province, Beihai in Guangxi province and a petrochemical industrial park in Shangdong province.
• But the award and commencement of projects are expected to be slow in the near term until a more definite recovery is seen in the PRC economies.
• In view of the above, the group does not expect significant improvement in its performance in 3Q2009.

FINANCIAL RECORDS

Revenue (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 4,178 3,804
2008 4,896 15,053 13,286 14,761 47,996
2007 1,794 3,700 6,267 5,850 17,611
2006 NA NA 7,037 6,444 16,984
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Earnings (USD '000)

FY 1Q 2Q 3Q 4Q Total
2009 (787) (784)
2008 1,054 1,811 980 261 4,106
2007 13 340 929 402 1,681
2006 NA NA 1,967 1,592 4,021
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (USD)

NAV = $0.0948
EPS = $(0.0055) (6M FY09)
No of Shares = 284,929,910
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA