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Cheung Woh reports 1H FY10 Results (09 Oct 09)

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  • Revenue: +5.2%
  • Net Profit: -16.6%
  • Outlook: Based on the Group's current production plans for the HDD components, precision metal stamping components and automotive components, performance of these business segments are expected to do well.
  • However performance of the HDD components and precision metal stamping components is dependent on the pace of the global economic recovery.
  • The performance of the automotive components business segment is dependent on the growth rate of the China automotive industry.
  • Barring any unforeseen circumstances, the Directors expect the second half of the financial year ending 28 February 2010 to remain profitable.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total

2010 52,880
2009 50,268 40,599 90,867
2008 43,740 52,547 96,287
2007 33,921 29,884 74,346
2006 33,551 30,254 63,805
2005 33,471 30,321 63,792
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Earnings (SGD '000)

FY 1H 2H Total
2010 4,981
2009 5,969 (1,766) 4,203
2008 4,040 7,783 11,823
2007 2,163 3,395 5,558
2006 2,476 (657) 1,819
2005 2,879 2,373 5,252
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Dividends

FY Interim Final Special (SGD)
2010 0.005
2009 0.006 0.002 NA
2008 0.005 0.010 NA
2007 0.001 0.005 NA
2006 0.001 0.002 NA
2005 0.003 0.005 NA
2004 0.003 0.005 NA
2003 NA 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.3089
EPS = $0.0191 (6M FY10)
No of Shares = 260,904,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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