SGX Stocks :: Your One Stop SGX Stocks Info Blog

• Revenue: +5% (2Q09), -1% (1H09)
• Net Profit: +34% (2Q09), +18% (1H09)
• Outlook: While China’s economy is believed to have bottomed out, the outlook remains uncertain.
• Management remains cautious on the outlook for group’s business, with the exception of water business.
• Due to strong demand for water treatment services in China, the growth momentum in its water business is expected to continue.
• Management is also actively exploring overseas water treatment market, especially India market, to capitalise its technologies in water treatment solutions especially membrane based solutions.
• The Group expects water business to remain a key earnings driver and contributor in the next 3-5 years.
• Barring unforeseeable factors, management also expects the group's performance in FY2009 to be better than FY2008.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 20,927 32,749
2008 22,881 31,277 25,356 24,694 104,208
2007 20,778 27,455 15,458 29,217 92,908
2006 21,224 20,606 27,957 40,403 110,190
2005 14,417 19,443 16,556 30,990 81,406
2004 11,393 9,603 15,340 15,877 52,213
-----------------------------------------------------------
Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 4,950 5,674
2008 4,743 4,228 2,046 (7,712) 3,305
2007 4,004 4,353 13,800 8,463 30,620
2006 5,516 5,604 8,240 3,979 23,339
2005 4,136 4,848 6,993 7,371 23,348
2004 3,981 3,418 5,488 8,565 21,452
-----------------------------------------------------------
Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 NA NA NA
2006 NA NA NA
2005 NA 0.01 NA
2004 NA 0.01 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split

Date Type Details
NA
-----------------------------------------------------------
Share Data (SGD)

NAV = $0.4866
EPS = $0.0231 (6M FY09)
No of Shares = 451,780,000
-----------------------------------------------------------
ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA