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• Revenue: -52% (4Q09), -41% (FY09)
• Net Profit: -69% (4Q09), -89% (FY09)
• Outlook: A recovery in stainless steel prices seems to be underway.
• World production in the second half of 2009 is expected to be higher than in the first half of 2009 and markets have started to pick up.
• Replenishment of depleted stock appears to be commencing.
• Nevertheless, demand from end-users is expected to remain low at least until end 2009.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 3Q 4Q Total
2009 33,681 9,995 10,707 54,385

FY 1H 2H Total
2008 49,879 42,675 92,554
2007 50,001 43,635 93,636
2006 NA NA 78,143
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Earnings (SGD '000)

FY 1H 3Q 4Q Total
2009 1,361 (390) 526 1,497

FY 1H 2H Total
2008 9,168 4,554 13,722
2007 9,601 8,339 17,940
2006 NA NA 10,390
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Dividends

FY Interim Final Special (SGD)
2009 NA 0.0100 NA
2008 NA 0.0185 NA
2007 NA 0.0300 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.38
EPS = $0.0067 (12M FY09)
No of Shares = 222,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA