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• Revenue: -3.2%
• Net Profit: -88.7%
• Outlook: The Group’s financial position has been strengthened, evidenced by an improving net debt to equity ratio of 38% as at 30 June 2009 compared to 44% as at 31 December 2008.
• The Group intends to continue its strategy of establishing a network of satellite factories to “near-shore” its production, i.e., within 2 - 3 hours by overland transport to the operations of key customers, which will facilitate shorter turnaround time and cost-efficient logistics operations.
• In the short term, the Group will adopt a cautious approach in exploring new markets and likely to defer its plans to set up one to two more satellite factories in China to 2010 when the recovery of major economies become more certain.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 68,664
2008 70,906 79,770 150,676
2007 59,001 63,408 122,409
2006 48,805 57,524 106,329
2005 54,720 59,604 114,324
2004 NA NA 94,078
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Earnings (SGD '000)

FY 1H 2H Total
2009 148
2008 1,314 759 2,073
2007 1,297 749 2,046
2006 542 (1,612) (1,070)
2005 1,108 (655) 453
2004 NA NA 1,418
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.003 NA
2007 NA 0.004 NA
2006 NA 0.004 NA
2005 NA 0.008 NA
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Bonus / Rights / Stock Split

Date Type Details
1998-06-02 Bonus OFFER OF 1 FOR 2
1992-06-12 Rights OFFER OF 3 FOR 2 @ $0.31
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Share Data (SGD)

NAV = $0.3791
EPS = $0.0008 (6M FY09)
No of Shares = 181,878,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA