SGX Stocks :: Your One Stop SGX Stocks Info Blog

• Revenue: +2% (2Q09), +11% (1H09)
• Net Profit: NM (2Q09), +66% (1H09)
• Press Release: Revenue from property development jumps 70% to $180.8 million
• Higher rents push up revenue from property investments by 20% to $70.4 million
• Hotel operations decline 19% to $137.1 million
• Outlook: The economic environment has improved compared to a few months ago and there are signs of stabilisation.
• With substantial new supply of office space in the pipeline in Singapore, rentals are likely to face further downward pressure.
• Retail rentals may be affected by new mall completions.
• Sentiment in the residential property market has improved following the surge in buying activity in recent months especially for the mass and mid-market category.
• The outbreak of H1N1 flu virus and the global economic slowdown will continue to affect the hospitality industry in Singapore and the Asia Pacific region.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 196,699 213,708
2008 161,718 209,334 267,853 260,271 899,176
2007 145,738 201,586 166,748 195,018 709,090
2006 132,286 162,867 149,922 160,046 605,121
2005 103,579 130,248 127,272 144,383 505,482
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 331,786 (20,143) (Incl Negative goodwill on acquisition of an associated company)
2008 42,851 144,964 73,539 (114,108) 147,246
2007 76,054 286,269 64,520 332,072 758,915
2006 21,275 54,935 31,468 231,765 339,444
2005 16,266 32,648 33,197 17,959 100,070
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.075 NA
2007 NA 0.10 0.05
2006 NA 0.075 0.075
2005 NA 0.075 NA
2004 0.401 0.06 NA
2003 NA 0.0075 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $4.93
EPS = $0.4168 (3M FY09)
Diluted EPS = $0.3915 (6M FY09)
No of Shares = 788,870,154
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA