SGX Stocks :: Your One Stop SGX Stocks Info Blog

• Revenue: +2.63% (1Q10)
• Net Profit: +135.09% (1Q10)
• Press Release: Revenue improves to S$33.4 million
• Core Property Division maintains growth momentum
• Retail Division turnover remains stable despite difficult trading conditions
• Balance sheet remains strong with healthy cash position of S$192.3 million
• Shareholders’ equity grows to S$957.6 million
• Outlook: Whilst rental income of the Group’s four properties in the PRC is expected to remain steady, substantial new office supply in the main business districts of Beijing continues to create competitive conditions for its associate’s 1 Financial Street Project in Beijing.
• EC Mall in Beijing is due to soft open in late 2QFY2010 and will make its contribution to rental income from the following financial quarter.
• Metropolis Tower in Beijing will also come on stream around the end of 2QFY2010 and will also face competitive conditions in the office sector.
• The fair value of the Group’s portfolio of quoted equity investments will continue to be affected by the volatile market conditions.
• The slow Singaporean and Indonesian economies will continue to have an impact on the retail trade.
• However, with the new outlet at the new City Square Mall in Singapore due to open in 3QFY2010, topline sales performance of the retail division is likely to grow.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 33,443
2009 32,586 46,909 56,461 50,222 200,285
2008 55,037 58,303 57,832 53,237 224,409
2007 51,553 45,876 62,033 54,708 214,168
2006 46,177 42,266 60,966 52,211 202,607
2005 40,255 41,423 54,368 48,891 184,937
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2010 13,085
2009 5,566 (4,895) 557 38,183 39,411
2008 13,673 4,826 21,841 25,628 65,968
2007 5,294 11,376 32,940 19,075 68,683
2006 11,018 120,773 5,885 16,692 154,428
2005 4,747 5,967 7,605 12,730 31,049
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Dividends

FY Interim Special Final Special (SGD)
2009 NA NA 0.02 NA
2008 0.01 0.03 0.01 NA
2007 NA NA 0.02 0.03
2006 NA NA 0.02 0.03
2005 NA NA 0.02 NA
2004 0.15 NA 0.02 NA
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Bonus / Rights / Stock Split

Date Type Details
2002-08-22 Bonus OFFER OF 1 FOR 5
2000-02-28 Stock Split STOCK SPLIT OFFER OF 5 FOR 1
1995-08-22 Bonus OFFER OF 1 FOR 5
1993-08-30 Rights OFFER OF 1 FOR 5 @ $2.8
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Share Data (SGD)

NAV = $1.52
EPS = $0.0208 (3M FY10)
No of Shares = 630,007,676
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA