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SINOTEL POSTS 15.0% RISE IN 2Q09 NET PROFIT TO RMB41.6 MILLION (31 Jul 09)

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  • Revenue: +36.1% (2Q09), +30.9% (1H09)
  • Net Profit: +15.0% (2Q09), +16.1% (1H09)
  • Press Release: Revenue surge 36.1% to RMB142.1 million on the back of increasing demand for Wireless Network Solutions for 3G Infrastructure upgrade
  • Outlook: The Group anticipates that barring unforeseen circumstances, the Group's outlook will remain favorable for the rest of the financial year 2009.
  • During the official 3G launch on May 17,2009, China's telecom operators ("Telcos") boldly announced that they target to have 3G network coverage widely available across more than 200 key cities by the end of the year.
  • This has given rise to massive upgrading projects running concurrently across the country, offering equipment vendors like Sinotel more expansion opportunities ahead.
  • Having just announced startling increases in mobile subscriber base, Telcos are expected to upgrade the existing systems to handle greater call capacity.
  • Owing to these two factors, the Group foresees that the Group's primary growth in 2009 will be derived from the strong demand for Wireless Network
    Infrastructure solutions.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 96,567 142,106
2008 77,896 104,378 89,679 90,129 362,082
2007 60,591 54,205 77,950 73,729 266,475
2006 NA NA 69,718 NA 219,384
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 28,827 41,563
2008 24,489 36,152 27,476 19,241 107,358
2007 20,213 17,826 27,226 20,118 85,383
2006 NA NA 18,685 NA 56,091
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Dividends

FY Interim Final Special (SGD)
NA
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Bonus / Rights / Stock Split

Date Type Details

NA
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Share Data (RMB)

NAV = $1.596
EPS = $0.251 (6M FY09)
No of Shares = 280,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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