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• Revenue: +11.9% (3Q09), +50.4% (9M09)
• Net Profit: NM (3Q09), NM (9M09)
• Outlook: The Group does not expect the Singapore residential property market to recover firmly within the next 12 months especially for properties at the upper end which has borne the brunt of price declines.
• It is anticipated that write-downs on the carrying values of its development properties will be required if prices continue to decline.
• In Malaysia the Group’s property development is at the mass market level and remains vulnerable to the economic outlook and credit conditions.
• With the weak economic outlook, rental rates for industrial properties will be expected to decline but the impact is not expected to be significant as they have been the slowest to increase compared to other property types in the run-up in recent years.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 NA NA 46,965
2008 NA NA 41,953

FY 1H 2H Total
2009 112,484
2008 64,029 109,010 173,039
2007 66,919 68,616 135,535
2006 45,224 46,339 91,563
2005 37,262 47,547 84,809
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 NA NA (2,113)
2008 NA NA 169

FY 1H 2H Total
2009 3,527
2008 357 11,712 12,069
2007 4,805 7,761 12,566
2006 1,028 3,184 4,212
2005 1,303 886 2,189
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.005 NA
2007 NA 0.015 NA
2006 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.9072
EPS = $0.009 (9M FY09)
No of Shares = 156,453,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA