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Hong Leong Asia reports 1QFY09 Results (13 May 09)
- Revenue: +3%
- Net Profit: -23%
- Outlook: With China experiencing a decelerating growth rate and with construction activities in Singapore and Malaysia slowing down, particularly in private sector projects, the business climate remains difficult.
- The shift of focus by manufacturers to the local markets as well as an expected rise in raw material prices in the coming months will pose challenges to the Group’s other China operations.
- Despite the weak economic sentiments and on the basis that the Chinese government’s stimulus program continues to have a positive impact in encouraging spending, barring a further deterioration in the business climate in Singapore and Malaysia and any unforeseen circumstances, the Group still
expects to operate profitably. - As part of the Group’s efforts to grow its businesses and enhance shareholders’ value, the Group continues to explore investment and divestment opportunities. As and when these opportunities materialize, appropriate announcements will be made.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 1,091,243
2008 1,054,560 1,064,129 837,950 660,145 3,616,784
2007 787,517 937,046 783,111 725,504 3,233,178
2006 621,780 735,912 545,933 577,347 2,480,972
2005 578,642 711,265 506,755 472,515 2,269,177
2004 NA NA 536,107 466,628 2,059,574
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 23,229
2008 30,155 23,689 3,740 (15,607) 41,977
2007 21,842 33,520 25,264 14,802 95,428
2006 14,700 24,418 12,632 9,380 61,130
2005 7,641 10,960 9,196 (4,467) 23,329
2004 NA NA 9,608 2,570 41,556
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Dividends
FY Interim Final Special (SGD)
2008 0.03 0.02 NA
2007 0.04 0.06 NA
2006 0.02 0.04 NA
2005 0.02 0.02 NA
2004 0.02 0.02 NA
2003 0.02 0.04 0.06
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (SGD)
NAV = $1.645
EPS = $0.0609 (3M FY09)
No of Shares = 381,392,018
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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