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Sino Techfibre posts net loss of RMB118.6 million in 2Q2009 (14 Aug 09)
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SinoTechfib
- Revenue: -38.3% (2Q09), -45.7% (1H09)
- Net Profit: NM (2Q09), NM (1H09)
- Outlook: The Group expects the economic environment to remain uncertain in 2H2009 and in the event its customers continue to order the lower grade products, the average selling prices of its PU and Microfibre will continue to remain weak in 2H 2009.
- The Group expects sales of PMP to improve in 2H2009 when more patterns are launched into the market.
- However, the Group expects that the increase in depreciation will reduce the profit contribution from PMP sales in 2H2009.
- The Group is working together with a research department of a government sector in the PRC to develop new PU and microfibre products relating to protective armour for the Arm Force.
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 152,889 221,914
2008 331,129 359,733 354,554 268,716 1,314,132
2007 276,670 307,135 331,225 360,445 1,275,475
2006 191,459 213,602 257,518 281,912 944,491
2005 NA NA 182,829 241,608 652,732
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Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 (36,306) (118,625)
2008 120,602 102,344 118,240 34,015 375,201
2007 98,856 113,255 121,569 136,950 470,563
2006 73,252 80,445 99,999 92,107 345,803
2005 NA NA 69,348 81,116 233,216
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Dividends
FY Interim Final Special (RMB)
2009 NA
2008 0.01 NA NA
2007 0.03 0.03 NA
2006 NA 0.051 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (RMB)
NAV = $1.9684
EPS = $(0.166) (6M FY09)
No of Shares = 930,000,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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