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Luxking Group Holdings reports FY09 Results (29 Aug 09)

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  • Revenue: -27.7%
  • Net Profit: NM
  • Outlook: In the near term, the Group expects the business environment to remain challenging in view of uncertainty over the recovery of global economies, and the intensely competitive environment.
  • The PRC government’s stimulus measures are helping to support the local economy, however, exports of manufactured goods continue to be affected by weak external demand.
  • The Group’s performance will be affected by the continuing weak demand for adhesive tape products and BOPP films as well as foreign exchange risks and raw material price volatility.
  • The Group continues to work towards improving its product sales mix by increasing the proportion of sales from higher value IS tapes.
  • With an enlarged production capacity and customer base for its IS tape business, the Group is ready to pursue market opportunities when business conditions improve.
  • The Group will also continue with its research and development initiatives to broaden its range of IS tape products to suit the varying needs of customers.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1H 2H Total
2009 321,601 190,223 511,824
2008 374,210 333,733 707,943
2007 332,835 284,722 617,557
2006 258,362 252,523 510,885
2005 187,234 206,348 393,582
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Earnings (RMB '000)

FY 1H 2H Total

2009 2,870 (76,182) (73,312)
2008 23,674 2,197 25,871
2007 22,326 11,560 33,886
2006 24,070 7,527 31,597
2005 18,608 18,165 36,773
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Dividends

FY Interim Final Special (RMB)

2009 NA 0.010 NA
2008 NA 0.020 NA
2007 NA 0.020 NA
2006 NA 0.020 NA
2005 NA 0.036 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $0.7376
EPS = $(0.2898) (12M FY09)
No of Shares = 253,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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