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Miyoshi Precision reports 3Q FY09 Results (13 Jul 09)

Labels:

  • Revenue: -30.6% (3Q09), -30.3% (9M09)
  • Net Profit: -7.2% (3Q09), -31.7% (9M09)
  • Outlook: The effects of the global financial and economic crisis which started during the last financial year continued to exert a negative impact on the Group's business performance in the first 2 quarters of FY2009.
  • In 3QFY2009, there were early indications of improved market sentiments and these were reflected in slightly better shipments and revenue as compared with 2QFY2009.
  • While there are initial signs that confidence may be returning to the market, this has yet to translate into stronger sales orders in a significant and sustained way.
  • The Group therefore maintain a cautious outlook for the next 12 months.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 3Q 4Q Total

2009 51,122 20,798

FY 1H 2H Total
2008 73,800 59,915 133,715
2007 81,714 80,923 162,637
2006 65,028 68,462 133,490
2005 47,230 56,821 104,051
2004 NA NA 72,207
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Earnings (SGD '000)

FY 1H 3Q 4Q Total
2009 2,931 2,641

FY 1H 2H Total
2008 2,745 7,942 10,687
2007 6,781 9,323 16,104
2006 3,746 4,498 8,244
2005 690 917 1,607
2004 NA NA 3,717
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Dividends

FY Interim Final Special (SGD)

2009 NA
2008 NA 0.003 NA
2007 0.061 0.004 0.001
2006 NA 0.004 0.002
2005 NA 0.003 NA
2004 NA 0.004 NA
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Bonus / Rights / Stock Split

Date Type Details

2007-04-18 Rights OFFER OF 1 FOR 2 @ $0.1
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Share Data (SGD)

NAV = $0.1696
EPS = $0.0133 (9M FY09)
No of Shares = 420,170,490
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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