SGX Stocks :: Your One Stop SGX Stocks Info Blog

• Revenue: +8.0% (2Q09), +24.3% (1H09)
• Nett Profit: +7.6% (2Q09), +17.6% (1H09)
• Press Release: The Board of Directors is recommending an interim one-tier tax-exempt dividend of 5.00 cents per share.
• The Group has a net order book of S$7.91 billion with completion and deliveries stretching till early 2012.
• Outlook: Notwithstanding the current economic downturn and the restricted financing and liquidity environment for owners, the long-term fundamentals for the marine and offshore industry remain resilient with oil prices back to the US$60 to US$70/bbl range.
• For ship repair, the near term prospect is challenging.
• Nevertheless, the Group's bigger docks are at present well-booked due to the strong support of the Group’s Alliance/FCC and regular customers and its niche market segment of LNG carriers.
• The market for FPSO units and production platforms is expected to remain unchanged as these projects have longer gestation periods and constitute part of the owners’ investment portfolio designed to provide future output to replace depleting reserves.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 1,363,494 1,497,618
2008 916,118 1,386,093 1,144,246 1,617,491 5,063,948
2007 953,743 1,051,598 1,171,069 1,336,713 4,513,123
2006 499,107 1,041,207 673,275 1,331,460 3,545,049
2005 447,735 470,354 451,224 749,966 2,119,279
2004 245,005 330,833 389,981 396,945 1,362,764
-----------------------------------------------------------
Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 120,199 138,053
2008 91,339 128,253 140,894 69,432 429,918
2007 73,738 85,100 81,359 792 240,989
2006 40,833 57,543 44,713 95,299 238,388
2005 23,813 34,585 32,735 30,265 121,398
2004 21,064 26,959 21,515 24,549 94,087
-----------------------------------------------------------
Dividends

FY Interim Final Special (SGD)
2009 0.050
2008 0.050 0.0600 NA
2007 0.050 0.0516 NA
2006 0.035 0.115 NA
2005 0.025 0.070 NA
2004 0.015 0.060 NA
2003 0.015 0.035 NA
2002 0.015 0.050 NA
2001 0.015 0.050 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details
2007-08-30 Bonus BONUS ISSUE OFFER OF 2 FOR 5
2000-04-19 Bonus BONUS ISSUE OFFER OF 1 FOR 1
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.7421
EPS = $0.1256 (6M FY09)
Diluted EPS = $0.1254 (6M FY09)
No of Shares = 2,059,555,212
-----------------------------------------------------------

ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA