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Tsit Wing International Holdings reports 1HFY09 Results (14 Aug 09)
- Revenue: -0.3% (2Q09), -2.5% (1H09)
- Net Profit: -52.7% (2Q09), -49.9% (1H09)
- Outlook: The Group is steadily re-gaining momentum in Hong Kong, maintaining and further building its customer base in the catering channels.
- To cope with its China expansion, the Group has invested in the purchase of a new factory in Dongguan, Gnangdong Province.
- On the retail cafe business, the second TW Coffee Concept restaurant in Hong Kong is steadily gaining momentum and will serve as the model for its future cafe expansion.
FINANCIAL RECORDS
Revenue (HKD '000)
FY 1Q 2Q 3Q 4Q Total
2009 93,039 97,201
2008 97,673 97,447 100,214 107,078 402,412
2007 84,358 90,142 89,194 99,080 362,774
2006 72,690 84,030 77,690 87,293 321,703
2005 72,414 83,451 78,701 85,499 320,065
2004 69,249 75,786 76,900 77,422 299,357
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Earnings (HKD '000)
FY 1Q 2Q 3Q 4Q Total
2009 4,428 723
2008 8,745 1,530 7,276 2,456 20,007
2007 8,588 9,414 8,393 9,029 35,423
2006 8,342 9,321 8,501 8,144 34,308
2005 8,815 10,552 9,217 11,456 40,040
2004 9,141 8,293 10,312 8,986 36,732
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Dividends
FY Interim Final Special (HKD)
2009 0.015
2008 0.035 0.025 NA
2007 0.035 0.075 NA
2006 0.035 0.075 NA
2005 0.035 0.075 NA
2004 0.035 0.075 NA
2003 0.028 0.075 NA
2002 0.025 0.055 NA
2001 NA 0.075 NA
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Bonus / Rights / Stock Split
Date Type Details
2004-05-06 Bonus OFFER OF 1 FOR 5
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Share Data (HKD)
NAV = $1.277
EPS = $0.0267 (6M FY09)
No of Shares = 192,943,999
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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