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Chairman: Khua Hock Su    CEO: Eric K K Khua
S$0.068 +0.003  +4.62% Buy: 0.067 52-Wk Chg: +0.006  +9.68%
Vol: 3,995 Sell: 0.068 1-Mth Chg: +0.010  +17.24%
24-04-12 17:04:26 CPF
Open : 0.066 No. of Shares : 2,223.001m PE : 9.7
High : 0.068 Mkt Cap : S$151.164m EPS : S$0.007
Low : 0.066 52-Wk High : 0.073 Last 12m Div : S$0.004
Last Close : 0.065 52-Wk Low : 0.048 Yield : 5.9
Price-to-Book : 0.95 Avg. Vol : 1,577 NAV : S$0.0716

Business
[1H12 Turnover] Freight forwarding (41.7%), chemical storage and logistics (35.2%), warehousing and logistics (17.6%), mgt fees biz (3.9%), other logistics (1.6%).

Insight
Aug-11, Co's subsi LTH Logistics (S'pore) to invest $180m to dvlp a new integrated chemical logistics hub on Jurong Island. The pjt consists of two warehouses and is located strategically close to its major customers, completion is scheduled for mid-2013. May-11, Co's subsi S'pore Enterprises subscribed to 38.5m initial public offering shrs of Blackgold Int'l Hldgs for A$10m and subsequently purchased 11.3m shrs for A$12.3m, the total invs is equivalent to 10.9% of its NTA. Apr-11, in relation to its Rmb90m invs in Yongxing Coal, Co was issued with 7.2m convertible preference shrs in China Southwest Energy Corp following a restruc exercise. Feb-11, Co to acq' new shrs in Sentosa Capital, representing 30%-interest of the enlarged capital, for $0.1m.

1H12 revenue edged up 4.6%, underpinned by higher contribution from warehousing and logistics, chemical storage and logistics as well as its new fee mgt biz segments. Operating profit margin improved to 13.6% on higher other income and accretion of deferred revenue, coupled with higher shr of profit of assocs, profit more than tripled. (06/01/12-DC)

Ann'd date for 2H11 : 27-JUN-11
Is there any investment merits for this counter ? Tks