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Superior Fastening reports FY09 Results (30 May 09)
- Revenue: -34%
- Net Profit: NM
- Outlook: The effects of the global economic crisis are expected to continue to pose a challenge to electronics and automotive industries in the near term.
- Demand from these industries is likely to remain subdued, while strong competition will likely continue to exert a downward pressure on average selling prices.
- On the domestic front, the PRC government’s stimulus package should provide a booster to the Chinese economy.
- The Group is thus hopeful that domestic demand for its products will enjoy some growth, albeit at a slower rate compared to the precrisis period.
- However, in view of uncertainties in global economic conditions, the Group will continue to exercise prudence in cost management, and by right-sizing its production capacity to match the anticipated demand trend.
FINANCIAL RECORDS
Revenue (HKD '000)
FY 1H 2H Total
2009 81,312 29,162 110,474
2008 77,027 90,329 167,356
2007 64,331 55,207 119,538
2006 45,582 52,615 98,197
2005 NA NA 77,930
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Earnings (HKD '000)
FY 1H 2H Total
2009 7,696 (19,784) (12,088)
2008 9,125 10,958 20,083
2007 8,000 8,582 16,582
2006 6,991 4,369 11,360
2005 NA NA 8,626
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Dividends
FY Interim Final Special (SGD)
2009 NA NA NA
2008 NA NA NA
2007 NA 0.005 NA
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Bonus / Rights / Stock Split
Date Type Details
2005-12-02 Rights WARRANTS OFFER OF 2 FOR 5 @ $0.03
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Share Data (HKD)
NAV = $0.9125
EPS = $(0.1007) (12M FY09)
Diluted EPS = $(0.1007) (12M FY09)
No of Shares = 120,115,400
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA

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