Koon Holdings

[dydx]

Koon has formalised a new j-v company - HUGE Development P/L - with 3 other local partners to develop a new EC project in Pasir Ris Town.....
http://info.sgx.com/webcoranncatth.nsf/V...0003490C0/$file/KHLJVA22Nov2011.pdf?openelement [22Nov11 announcement]

Koon's 15% stake in the EC development project is held under 51%-owned subsidiary GPS Alliance Development & Investment P/L. More info on the EC project.....
http://info.sgx.com/webcoranncatth.nsf/V...C0035BD6E/$file/KHLPressRelease17Oct2011.pdf?openelement [17Oct11 press release]

[dydx]

Today (19Dec11), Koon has issued an "Update for Profit Guidance".....
http://info.sgx.com/webcoranncatth.nsf/V...B0028E02A/$file/KHLUpdateProfitGuidance31Dec2011.pdf?openelement

When compared against the 1H results.....
http://info.sgx.com/webcoranncatth.nsf/V...8003021A2/$file/KHLInterimFinancialStatements30June201126Aug2011.PDF?openelement
it appears that Koon is poised to record a lower PBT in 2H, in the range of $0.5 to $1.5m.

Let's hope that Koon will still keep the Final dividend (last FY10: $0.01/share).