CEI Limited (formerly: CEI Contract Manufacturing)

[NTL]

Dear NTL,

CEI's order book in 2HY2014 is strong at $59.8 mil versus $58.2 mil in 1HY2014. Net profit for 2HY2014 is $2.779 mil. If we make the assumption that net profit remains the same as 2HY2014 throughout 2015, it will be $5.558 mil (or 1.6 cents per share) for the whole year. Assuming a similar dividend payout ratio of 69%, potential dividend for the whole of 2015 may be 1.1 cents. Potential dividend yield may be 9.7% at current price of $0.113.

Capex (Purchase of fixed assets) has decreased in 2014 to $1.229 mil from $2.581 mil in 2013 and $2 mil in 2012. If low capex persists in 2015, a high dividend payout ratio of 69% could continue in 2015.

CEI's past dividend record can be seen at http://www.sgx.com/wps/portal/sgxweb/hom...ate_action

Choose CEI for Company Name and under Category choose Dividend, it can be seen that CEI has been paying dividend every year. Dividend for year 2005 to 2001 is listed on Page 3.

Hi weii,

Any idea about the Shanghai's office/factory/watever-it-is? It is shown in the company website under "Contact Us". Yet it is not mentioned in any annual report or announcement.

Dear NTL,

I think it is referring to CEI's associated company - Santec Corporation Pte Ltd. More details on Santec can be found on http://www.acrosemi.com/contractmanufact...rofile.pdf

恭喜发财！

Hi weii,

The addresses of the Shanghai companies are not the same. So.. Maybe not...