ShareJunction - Member Posts

Back

Latest Posts By pharoah88 - Supreme

About pharoah88

First < Newer 4001-4020 of 13894 Older> Last

03-Nov-2010 11:38

Baker Technology / It's time to rebound ????

Go to Message

x 0

The Group has no bank borrowings.

Consequently, shareholders‟ fund increased from S$99.5 million as at 31 December 2009 to S$113.3 million at 30 September 2010.

Net asset value per share as at 30 September 2010 stood at 16.6 cents, up from 15.2 cents.

Order book
As at end September 2010, the Group‟s net order book stood at US$20 million, marking a recovery from the low of US$7 million as at end December 2009. These orders are expected to be completed within the next 12 months.

Flyordie ( Date: 02-Nov-2010 21:52) Posted:

Media Release
Baker Tech reports net profit of S$20.3 million for 9M 2010

Revenue 13.8 28.8 (52) 26.8 63.7 (58)
Cost of goods sold (9.3) (9.0) 3 (13.4) (26.3) (49)
Gross Profit 4.5 19.8 (77) 13.5 37.4 (64)
Share of Associates 0.03 0.03 - 0.3 (0.5) NM
Profit before tax 0.5 21.6 (98) 21.9 35.8 (39)
Net Profit 0.08 18.7 (99) 20.3 30.2 (33)
Basic EPS* (cents) 3.03 4.76 (36)
Diluted EPS+ (cents) 2.09 4.74 (56)
* based on a weighted average number of 670,473,313 ordinary shares for the financial period ended 30 September
2010 (30 September 2009—634,201,369)
+ based on the number of ordinary shares in issue during the financial period ended 30 September 2010 adjusted for
dilutive effect of 300,312,934 warrants (30 September 2009—2,788,298 warrants).
2 November 2010 – Baker Technology Limited („Baker Tech‟ or „the Group‟) 巴克科技有限公司,
a SGX-ST mainboard-listed manufacturer and provider of specialised marine offshore equipment
and services for the oil and gas industry, has reported a net profit of S$20.3 million on group
revenue of S$26.8 million for the nine months ended 30 September 2010 (9M 2010). For the
quarter ended 30 September 2010 (3Q 2010), the group achieved a group revenue of S$13.8
million and a net profit of S$82,000 due mainly to the slowdown in the global oil and gas sector.
3Q 2010 Performance
Revenue fell 52% to S$13.8 million as compared to a year ago. Order intake had slowed down
significantly in 2009 as many oil and gas projects were delayed due to the global economic crisis.
However, the Group began to feel the impact of the slowdown in the global oil and gas industry
only after 3Q 2009 as it was still completing the backlog of orders secured in earlier years. Order
intake has started to resume early this year and 3Q 2010 revenue had in fact, doubled from the
S$6.8 million reported in 2Q 2010.
Gross profit was down 77% from S$19.8 million to S$4.5 million due to lower gross margins as
most of the current projects are still in the early stages of completion.
Administrative expenses decreased from S$2.0 million to S$1.8 million in 3Q2010 due to lower
payroll expenses, which was however partially offset by higher professional and legal fees.
Contribution from its 49%-owned associate, York Transport Equipment Asia (“York”) held steady at
$31,000 for 3Q2010 as compared to a year ago.
BAKER TECHNOLOGY LIMITED
Company Registration No.: 198100637D
2
The Group suffered a foreign exchange loss of S$2.4 million as the US dollar weakened against
the Singapore dollar, resulting in a lower net profit of S$82,000 in 3Q2010. For the period under
comparison, the US dollar had weakened approximately 6%.
9M2010 Performance
Revenue decreased 58% to S$26.8 million for 9M2010, reflecting the lingering effects of the
slowdown in the global oil and gas industry. Consequently, gross profit fell 64% to $13.5 million.
Gross profit margin was about 50% for 9M2010, due to the recognition of profits on several
projects which were either completed or near completion during the first half of the year, as well as
a write-back of unutilised warranty provision of approximately $1.7 million in 9M2010.
Contribution from the Group‟s 49% stake in York reversed from a share of losses of S$512,000 for
9M2009 to a share of profits of S$262,000 for the corresponding period this year. This is due to an
improvement in trailer axle industry and a strong demand for its products in the Indian market in
recent quarters.
Net profit for 9M 2010 declined from S$30.2 million to S$20.3 million.
Strong Financials
Net cash used in operating activities for 9M2010 was S$0.4 million, down from S$3.5 million in the
previous quarter due to higher project progress billings and increase in business activities. The
Group‟s available cash and cash equivalents remain healthy at S$72.7 million as at 30 September
2010, up from $67.8 million a year ago. This is mainly attributable to the net proceeds from
conversion of warrants and dividend income from PPL Shipyard, after deducting dividends paid out
to shareholders earlier in the financial year. The Group has no bank borrowings.
Consequently, shareholders‟ fund increased from S$99.5 million as at 31 December 2009 to
S$113.3 million at 30 September 2010. Net asset value per share as at 30 September 2010 stood
at 16.6 cents, up from 15.2 cents.
Order book
As at end September 2010, the Group‟s net order book stood at US$20 million, marking a recovery
from the low of US$7 million as at end December 2009. These orders are expected to be
completed within the next 12 months.
Outlook
According to its International Energy Outlook 2010 (July 2010), the Energy Information Administration
(EIA), a U.S. forecasting agency, expected total global energy demand to grow by 49 percent from 2007
to 2035, with developing countries like China and India driving the bulk of the increase. EIA added that
although renewables are the fastest-growing source of world energy supply, fossil fuels are still set to
meet more than three-fourths of total energy needs in 2035.
“The long term fundamentals of the marine and offshore oil and gas industry are still very
promising especially after the Macondo oil spill at the Gulf of Mexico earlier this year. The
oil and gas industry is moving with greater urgency towards higher safety standards and
this spells opportunities for Baker Tech; our specialised equipment are widely recognized
as best-in-class and conforms to the highest industry standards.
We expect FY2010 to be a profitable year, with positive contributions from our core
operating business and investments.”

Good Post Bad Post

03-Nov-2010 10:21

Genting Sing / Traders Lounge - Daily opportunities for everyone

Go to Message

x 0

Based On sIngapOre ecOnOmy's

MAGIC INFLATED PRICES MODEL

SAME rIsIng prIces NEVER CHANGE Year after Year

SAME reserve land prIces rIsIng

SAME prOperty prIces rIsIng

SAME retaIl prIces rIsIng

SAME transpOrt prIces rIsIng

SAME labOUr prIces rIsIng

SAME servIce prIces rIsIng

ALL prIces mUst be rIsIng

jUst cOllect GENTING SP shares and  hOld

SAME share prIces  rIsIng

there Is nO chOIce

becaUse thIs Is sIngapOre  ecOnOmy's

MAGIC INFLATED PRICES MODEL

[becaUse InflatIOn IndIces are always lOw and lOw and lOw]

Good Post Bad Post

03-Nov-2010 10:08

Healthway Med / healthway, healthy?

Go to Message

x 0

lOOk at FREIGHTLINK

fallIng lOgIstIcs prOfItabIlIty

dUe tO OnslaUghtIng rIsIng cOsts

that Is the maIn reasOn fOr

ALL lOgIstIcs IPOs InclUdIng tIger aIrways

In AGE Of STUPID

ALL gOOd thIngs are cOrnered

and prIvatIsed

Good Post Bad Post

03-Nov-2010 10:04

Healthway Med / healthway, healthy?

Go to Message

x 0

Based On the

SINGAPORE ECONOMY's

MAGIC INFLATED PRICES MODEL

accUmUlate HEALTHWAY MEDICAL

at prIces belOw S$0.160

SAME rIsIng MEDICAL COSTS wIll NEVER CHANGE

GUARANTEED for LIFE

Good Post Bad Post

03-Nov-2010 10:01

Healthway Med / healthway, healthy?

Go to Message

x 0

In sIngapOre every thIng Is the SAME

year after year

becaUSe Of nO cOmpetitIOn

there are nO Other chOIces

SAME news reader [nOw call stUdIO dIrectOr - InflatIOn ?]

SAME artises [nOw call DIVA SUPERSTAR - InflatIOn ?]

SAME rIsIng COE

SAME rIsIng ERP

SAME rIsIng GST

SAME rIsIng reserve land prIces

SAME rIsIng prOperty prIces

SAME rISIng UtIlItIes prIces

[even thOUgh Oil prIce fell by 50% ?]

SAME rIsIng water prIces

SAME rIsIng transpOrt prIces

SAME rIsIng fOOd cOUrt prIces

NEW [wIll becOme SAME] rIsIng wet market prices

MORE rIsIng prIces GUARANTEED

rIsIng prIces are the ONLY thIng GUARANTEED for LIFE

Good Post Bad Post

03-Nov-2010 09:51

Healthway Med / healthway, healthy?

Go to Message

x 0

SINGAPORE's GROWTH is based On MAGIC INFLATED PRICES MODEL but authority always report lOw InflatIOn rates despIte the fact that cOnsUmers are payIng dOUble and even mUltIple prIce levels.

ALL SINGAPORE PRICES mUst gO Up every year regardless Of hIgh S$ eXchange rates

wIthOUt cOntInUIng rIsIng prIces, sIngapOre ecOnOmy wIll stagnate.

wIthOUt rapIdly rIsIng prIces hOw dO peOple get hIgher salary and hIgher cOmpensatIOn FAST FAST FAST ? ? ? ?

InflatIOn Is the Only way fOr the rIch tO rIcher tOwards rIchest.

There Is nO Other way tO becOme fIlthy rIch.

Oh My dOg [O M D]

The FACT is The FACT

nOthIng wIll CHANGE In sIngapOre

nOt lIke US where OBAMA mUst CHANGE ? ? ? ?

CARBO TAX Is The neXt InflatIOn cycle

anOther rOUnd fOr The rIch tO becOme rIcher

teeth53 ( Date: 03-Nov-2010 09:39) Posted:

O.M.G. Bad news for all.

Will it becooming even more expensive to visit clinic Dr??.

After dust at THOMSON MEDICAL is settled, Peter Lim may auquire HEALTHWAY MEDICAL as an expansion to corner the Sing Medical Sector

Privatising just like our hawkers stall wet market...

Good Post Bad Post

03-Nov-2010 09:39

Healthway Med / healthway, healthy?

Go to Message

x 0

O V E R H E A R D :

can keep if shareholder just want to collect gOOd dIvIdends.

If Owner refuse tO declare dIvIdends, there Is nO prIce tO sell.

yummygd ( Date: 03-Nov-2010 09:29) Posted:

hehe u r e best always think so positive haha. read ur post i always feel happy hahaha. hopefully true la. but healthway too small still...give her time to grow first before thinking of selling her off to a marriage deal hahaha. talking about parkway holdings all time high was at 7 plus den now kena offer at 3 plus so those who sway sway bought at 7 plus also must LL n sell is it? or can keep n hold n be a private shareholder?got such thing?

pharoah88 ( Date: 03-Nov-2010 09:26) Posted:

MALAYSIA bOUght PARKING HOLDING [mOst expensIve]

SINGAPORE Peter LIM bOUght THOMSON MEDICAL [secOnd less expensIve]

INDIA has alOt Of CASH lOOkIng fOr TARGET

After dUst at THOMSON MEDICAL is settled, Peter LIM may acqUIre HEALTHWAY MEDICAL as an expansIOn tO cOrner the SINGAPORE MEDICAL SECTOR

INDIA may be assessIng the feasIbIlIty Of HEALTHWAY MEDICAL as neXt TRAGET

Good Post Bad Post

03-Nov-2010 09:30

Healthway Med / healthway, healthy?

Go to Message

x 0

O V E R H E A R D :

HEALTHWAY MEDICAL Owner refused to sell.

OUT OF ANGER ? ? ? ?

OVERPAID THOMSON MEDICAL at 70% PREMIUM.

PS: "PARKING" shOUld be "PARKWAY"

Good Post Bad Post

03-Nov-2010 09:26

Healthway Med / healthway, healthy?

Go to Message

x 0

MALAYSIA bOUght PARKING HOLDING [mOst expensIve]

SINGAPORE Peter LIM bOUght THOMSON MEDICAL [secOnd less expensIve]

INDIA has alOt Of CASH lOOkIng fOr TARGET

After dUst at THOMSON MEDICAL is settled, Peter LIM may acqUIre HEALTHWAY MEDICAL as an expansIOn tO cOrner the SINGAPORE MEDICAL SECTOR

INDIA may be assessIng the feasIbIlIty Of HEALTHWAY MEDICAL as neXt TRAGET

Good Post Bad Post

03-Nov-2010 09:19

Envictus / IS Milk share booming ?

Go to Message

x 0

fOreIgn talent

Brown cow Animation

Good Post Bad Post

03-Nov-2010 08:57

Envictus / IS Milk share booming ?

Go to Message

x 0

Good Post Bad Post

03-Nov-2010 08:54

Envictus / IS Milk share booming ?

Go to Message

x 0

mIlk cOw

Good Post Bad Post

03-Nov-2010 08:48

Fragrance / Fragrance

Go to Message

x 0

fOrtUne tIed tO RWS

Good Post Bad Post

03-Nov-2010 08:42

Neptune Orient L Rg / NOL

Go to Message

x 0

Good Post Bad Post

03-Nov-2010 08:37

Neptune Orient L Rg / NOL

Go to Message

x 0

US shIpments nOt there

EU shIpments nOt there

WHERE dOes NOL prOfIt cOme frOm ? ? ? ?

Good Post Bad Post

03-Nov-2010 08:32

Informatics / Road to recovery in next 1-2 years

Go to Message

x 0

Good Post Bad Post

03-Nov-2010 08:31

Informatics / Road to recovery in next 1-2 years

Go to Message

x 0

EducatIOn BusIness Model

dOn't wOrk anymOre ? ? ? ?

IVY LEAGUE UNIVERSITIES

alsO In fInancIal dIffIcUltIes ? ? ? ?

tOday

mIllIOns Of UnIversIty GradUates

are jObless

even OUr MPs dOn't need tO be schOlars anymOre

STREET SMART mOre ImpOrtant

than bOOk smart ? ? ? ?

Good Post Bad Post

03-Nov-2010 08:22

Mapletree Ind Tr / MAPLETREE Industrial Trust (MIT)

Go to Message

x 0

ShareWithMe ( Date: 02-Nov-2010 17:13) Posted:

Cannotfind also vested in this counter ah.

All vested got conned cos we thought it will chiong for at least 2 days like GLP, but unfortunately the 2nd day of opening already headed south.

Hopefully, tmrw onwards will go up, up, up !!

cannotfind ( Date: 02-Nov-2010 17:02) Posted:

finally this thing is moving again... thank god!!! Let's hope it will cheong like GLP and I can eat again

Good Post Bad Post

03-Nov-2010 08:20

Mapletree Ind Tr / MAPLETREE Industrial Trust (MIT)

Go to Message

x 0

Only

grOwth stOck

can rOcket

MIT

dIvIdend stOck

nOt grOwth stOck

ShareWithMe ( Date: 02-Nov-2010 17:13) Posted:

Cannotfind also vested in this counter ah.

All vested got conned cos we thought it will chiong for at least 2 days like GLP, but unfortunately the 2nd day of opening already headed south.

Hopefully, tmrw onwards will go up, up, up !!

cannotfind ( Date: 02-Nov-2010 17:02) Posted:

finally this thing is moving again... thank god!!! Let's hope it will cheong like GLP and I can eat again

Good Post Bad Post

03-Nov-2010 08:17

COSCO SHP SG / CoscoCorp

Go to Message

x 0

Good Post Bad Post

First < Newer 4001-4020 of 13894 Older> Last

ShareJunction Version: 27 Nov 2020 ver - All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.