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Lee Kim Tah Holdings reports 2QFY09 Results (11 Aug 09)
- Revenue: +30.03% (2Q09), +30.35% (1H09)
- Net Profit: +481.53% (2Q09), +61.08% (1H09)
- Outlook: In Singapore, the Group expects JP1 and JP2 to continue to contribute positively to its performance.
- The Centris has obtained Temporary Occupation Permit on 21 July 2009, hence development profit will be reported in Q3 2009.
- In Australia, Neutral Bay residential development is targeted for completion in early FY2010.
- The hotel operation is expected to be profitable.
- The construction work for Ascendas IT Park (Chennai) is at an advance stage.
- Barring unforeseen circumstances construction profit will be recognised based on percentage of completion.
- In China, the hotel upgrading works will be completed in Q3 2009, thereafter the hotel will revert to full operation.
- In India, no further progress is reported on the stop work order.
- In UK due to current weak market conditions, development work of the Basingstoke land is deferred.
FINANCIAL RECORDS
Revenue (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 12,594 12,578
2008 9,638 9,673 10,147 11,721 41,179
2007 9,622 9,049 9,335 9808 37,814
FY 1H 2H Total
2006 16,124 17,711 33,835
2005 16,650 17,616 34,266
2004 NA NA 36,508
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Earnings (SGD '000)
FY 1Q 2Q 3Q 4Q Total
2009 5,166 2,896
2008 4,507 498 564 24,835 30,455 (Incl. fair value gain of financial assets)
2007 6,927 5,004 4,722 1,230 17,883 (Incl. disposal of financial assets)
FY 1H 2H Total
2006 5,945 3,916 9,861
2005 2,789 1,903 4,692
2004 NA NA 1,266
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA 0.01 NA
2007 NA 0.01 NA
2006 NA 0.01 0.0213
2005 NA 0.01 NA
2004 NA 0.008 0.002
2003 NA 0.008 0.002
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Bonus / Rights / Stock Split
Date Type Details
2000-04-18 Stock Split STOCK SPLIT OFFER OF 5 FOR 1
199509-19 Rights 5LS3WT/10SH OFFER OF 5 FOR 10 @ $1
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Share Data (SGD)
NAV = $0.5571
EPS = $0.016 (6M FY09)
No of Shares = 505,442,835
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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