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SUPERBOWL REPORTS 1H PROFIT TURNAROUND (12 Aug 09)

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  • Revenue: -2.8% (2Q09), -1.2% (1H09)
  • Net Profit: +211.7% (2Q09), NM (1H09)
  • Press Release: Revenue sustained by core property rental and bowling business
  • Recent launch of The Beverly condominium with JV partner Hiap Hoe Group enjoying good take-up rate
  • Outlook: In view of recent signs of improvement in the local property market, the Group will continue to focus its priorities and resources on strengthening its Property Rental business in the year ahead.
  • The ongoing joint-venture between SuperBowl and its partner, Hiap Hoe Limited, will allow the Group to leverage the latter’s experience and track record in property development and construction, to subsequently establish a new revenue stream.
  • In the face of increasing competition in its traditional leisure and recreation division, the Group will continue its effort to consolidate and streamline this division.
  • With this strategy, the Group expects its Leisure and Recreation business segment, to be able to meet the challenges ahead more effectively.
  • Although the outlook has improved as compared to the first quarter of the year, the rest of 2009 is expected to remain challenging.
  • Thus, the Group will continue to explore ways to manage its costs more effectively and optimize its operation efficiency.
FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 3,819 3,950
2008 3,797 4,063

FY 1H 2H Total
2008 7,860 8,489 16,349
2007 9,286 9,584 18,870
2006 9,414 9,604 19,018
2005 9,652 9,959 19,611
2004 NA NA 18,734
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 459 2,375
2008 (976) 762

FY 1H 2H Total
2008 (214) (1,382) (1,596)
2007 2,824 17,025 19,849 (Incl. Profit on Disposal of Property, Plant & Equipment)
2006 1,220 2,723 3,943
2005 1,269 40 1,309
2004 NA NA 1,187
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.0025 NA
2007 NA NA 0.0239
2006 NA 0.00366 0.1375
2005 NA 0.00750 NA
2004 NA 0.01500 NA
2003 NA 0.00750 NA
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Bonus / Rights / Stock Split

Date Type Details
2006-09-20 Rights OFFER OF 1 FOR 1 @ $0.11
1997-09-23 Rights 3WTSFOR10SHRS OFFER OF 3 FOR 10 @ $0.07
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Share Data (SGD)

NAV = $0.269
EPS = $0.0087 (6M FY09)
No of Shares = 325,524,440
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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