SGX Stocks :: Your One Stop SGX Stocks Info Blog

• Revenue: -7% (3Q09), +17% (9M09)
• Net Profit: +134% (3Q09), +19% (9M09)
• Press Release: Gross profit margin improves from 6.5% in 3Q08 to 14.2% in 3Q09
• Net gearing levels reduced from 194% as of 30 September 2009 to 58% as of 30 June 2009
• BRC continues to ride on Singapore’s construction industry boom
• Outlook: For Singapore, construction demand for 2008 was estimated by the BCA to be $34.6 billion and their mid-year review of the 2009 forecast was $18.0 billion to $24.0 billion.
• Although there was a reduction in construction demand, the impact on the construction industry was not expected to be immediate, as there was a normal time lag of 12 to 18 months before demand was converted to output.
• The competitive situation for value added services in the reinforcing industry stabilized because of the relatively robust demand.
• However, trading of rebars remained competitive because of volatile steel prices and availability.
• For China, the stimulus package by the Government, particularly the increased spending in rails and infrastructure should benefit our JV.
• However, the construction market in China will remain very competitive.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 67,059 66,714 63,007
2008 47,400 52,357 68,038

FY 1H 2H Total
2007 50,186 80,071 130,257
2006 44,555 56,577 101,132
2005 37,675 38,632 76,307
2004 NA NA 56,560
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 176 1,148 4,084
2008 1,652 1,147 1,745

FY 1H 2H Total
2007 2,267 3,336 5,603
2006 1,711 3,019 4,730
2005 1,784 2,516 4,300
2004 NA NA 2,483
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 0.0015 0.0015 NA
2007 0.0015 0.0050 NA
2006 0.0015 0.0060 NA
2005 0.0060 0.0010 NA
2004 0.0070 0.0050 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.0711
EPS = $0.00808 (9M FY09)
Diluted EPS = $0.00808 (9M FY09)
No of Shares = 672,009,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA