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12-04-2011, 07:06 PM
The FY10 (ended 31Dec10) AR makes interesting reading.....
http://info.sgx.com/listprosp.nsf/07aed3...000169b68/$FILE/Challenger%20Annaul%20Report%202010%20(SAR1012-014).pdf
As shown in the 5-year Financial Highlights in p11, using FY10 as basis and looking backwards, Challenger's Group Revenue and PAT have doubled in the past approx. 3.5 years. This is a significant achievement! If the business can continue to grow at a similar but somewhat slower pace - bearing in mind the base is now larger - with some luck, we may witness Challenger posting a Group Revenue of approx. $500m and a PAT of $28m in FY2014, or perhaps in FY2015 if a hiccup happens along the way.
It is also important to note that, as described in the 1st para of the Chief Executive's Message (p7), the 27% yoy increase in the revenue of the core retail business in FY10 to $237.2m, is mainly attributed to better same-store sales, as the 3 new stores at Bedok Point, Plaza Singapura and nex at Serangoon were only opened in Q4-2010.
I am also happy to note in p29 that all the 6 directors are now shareholders, with (as shown in p89) CEO Loo and his wife Ong Sock Hwee now holding a combined stake of 53.28% (including deemed interests), and his long-term partner Ng Leong Hai holding another 24.35%. Even CFO Tan Wee Ko has emerged as the 10th largest shareholder with a stake of 0.52% (see p88).
http://info.sgx.com/listprosp.nsf/07aed3...000169b68/$FILE/Challenger%20Annaul%20Report%202010%20(SAR1012-014).pdf
As shown in the 5-year Financial Highlights in p11, using FY10 as basis and looking backwards, Challenger's Group Revenue and PAT have doubled in the past approx. 3.5 years. This is a significant achievement! If the business can continue to grow at a similar but somewhat slower pace - bearing in mind the base is now larger - with some luck, we may witness Challenger posting a Group Revenue of approx. $500m and a PAT of $28m in FY2014, or perhaps in FY2015 if a hiccup happens along the way.
It is also important to note that, as described in the 1st para of the Chief Executive's Message (p7), the 27% yoy increase in the revenue of the core retail business in FY10 to $237.2m, is mainly attributed to better same-store sales, as the 3 new stores at Bedok Point, Plaza Singapura and nex at Serangoon were only opened in Q4-2010.
I am also happy to note in p29 that all the 6 directors are now shareholders, with (as shown in p89) CEO Loo and his wife Ong Sock Hwee now holding a combined stake of 53.28% (including deemed interests), and his long-term partner Ng Leong Hai holding another 24.35%. Even CFO Tan Wee Ko has emerged as the 10th largest shareholder with a stake of 0.52% (see p88).