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• Revenue: -73.9%
• Net Profit: NM
• Outlook: Despite reports of green shoots in the global economy recently, the Group believes that the global economy will remain entrenched in recession in 2009.
• Analysts had also pointed out that the global manufacturing and semi-conductor industry might not have bottomed out despite indications of a slower rate of decline since the last quarter of 2008.
• Given such dismal market conditions, the Group expects FY2009 to be a very challenging year.
• The Group has reacted fast in tackling the economic crisis with a series of effective cost-cutting measures thus far, and in view of the challenges ahead, the Group will continue to beef up its efforts to tighten costs.
• With recovery of the global economy expected to be long and unstable, the Group is adopting a conservative view on its financial performance for FY2009.
• With minimal borrowings and backed by cash and cash equivalents amounting to S$16.1 million, the Group is cautiously optimistic that it will be able to strive towards better times.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 7,807
2008 29,920 26,393 56,313
2007 22,292 34,167 56,459
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Earnings (SGD '000)

FY 1H 2H Total
2009 (873)
2008 2,625 1,304 3,929
2007 1,952 4,056 6,008
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA 0.0075 0.0025
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.1905
EPS = $(0.0044) (6M FY09)
No of Shares = 192,768,026
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA