17 October 2005
Volume `000
SPH DB eCW060206
Wee Poh
Dragon US$
Weekly movement as at 14 October 2005
DBS DB eDC051123
KepLand DBeCW051031
Weekly movement as at 14 October 2005

Allgreen: Shanghai Expo Site Joint Venture
New Wave: JV To Buy Everest Metal
City Dev: More Than 400 Units At Sail Tower 2 Sold
Frontline: Gains 51% Control of SunPhil
UOL: Buys 6.09M UIC Shares; Ups Stake To 12.38%

Wing Tai: Buys Orchard Rd Ppty For S$227.3M
SPH: Dr Tony Tan Appointed As Chairnan in Dec
Sp Ship: Maritime Properties Make General Offer At 46.5 cents/share
UOB: May Soon Start Operations In India
SPC: Indonesia puts Jeruk oil field on fast track program
DBS: Ups Interest Rate For Deposits

SIAS 6th Annual Investors' Choice Awards

ShareInvestor congratulates the following Winners of SIAS 6th Investors' Choice Awards 2005, in their respective categories.

Non-Electronics Manufacturing REITs
Technology & Electronics Services/Utilities/Agriculture
Commerce Sesdaq
Mainboard Small Caps (of up to $100M) New Issues (Since August 2004)

Our Clients are committed to improve investor relations through open communication via our many channel partners like cnbcasia.com and services like Webcast, Email Alerts and Management Question & Answer Sessions. We look forward to more of our clients being recognised for their efforts in improving investor relations in next year's awards. [ +]

CNBC Asia Pacific: ShareInvestor's Latest Online Channel Partner

CNBC is the undisputed world leader in business news and information, providing viewers the world over with insight, analysis and real-time access to market data and indispensable business information.

We are pleased to participate in the launch of the new CBNC Asia website, www.cnbcasia.com in September 2005. All listed companies on SI online investor relations programme will be highlighted in CNBC's homepage. Click here to check it out.

CNBC Asia Pacific is uniquely positioned to speak to viewers from across the region. Headquartered in Singapore, the network provides 10 hours of live Asia-produced programming, which is complemented with coverage of live market action from Europe and the US. CNBC Asia Pacific's channels, which include CNBC Asia, CNBC-TV18 (India), Nikkei-CNBC (Japan) are available in more than 34 countries across the Asia Pacific region. CNBC Asia Pacific also has a strategic alliance with China Business Network, a subsidiary of the Shanghai Media Group. The channels are distributed via satellite, cable and terrestrial broadcast networks. [+]

HOT Off The Press

MatrixView Appoints Chief Technology Officer

K. Ravi, 41, has over 12 years of industry experience and will be responsible for directing MatrixView's strategic technology initiatives and guiding application development to support the Company's aggressive growth plans. K. Ravi was previously Technical Design Consultant for AGFA Healthcare, where he was responsible for pre and post sales support in designing radiology and medical modality network integration, which enabled workflow designing and capacity planning of imaging networks and the architecting of hospital-wide enterprise networks. As a certified network and security design architect, K. Ravi worked closely with clients in planning infrastructure convergence strategies and containing Total Cost of Ownership. MatrixView Limited [ASX: MVU] is a core technology innovator that uses its patented Adaptive Binary Optimization (ABO?) technology to provide unique architectural solutions to enterprises across the digital content management continuum. [+]

Esmart enters into strategic partnership with Atech

Under the terms of the partnership, Esmart and Atech will jointly develop the Automotive Rain Sensor with Daylight Sensing ("RSII") using Esmart's original rain sensor design platform for integration into Atech's customers cars. Upon successful completion of the development, Atech will take on the role of production of the RSII, and the profits from the sale of this RSII will be shared between Esmart and Atech. Esmart group is principally engaged in the design and supply of intermediate products for the multimedia infotainment, data communications, automotive electronics, wireless (GPS/GSM) applications, and digital video services and systems segments of the electronics industry. Atech is a leading supplier focusing on research & development and manufacture of automotive electronic components and system for China. [+]

Eu Yan Sang: Increase Of Shareholdings In A Subsidiary - Botanical Health Resources, Inc.

Botanical Health Resources Inc was established in 1996 and retails a wide selection of Traditional Chinese Medicine (TCM) based herbal and wellness related products from its Melrose Avenue store in Los Angeles. The products are also sold to spas, hotels, cafe and F&B outlets. These TCM-based products include a proprietary line of "Elixir" branded herbal supplements, herbal teas and a proprietary herbal beverage line. This transaction is funded by internal resources and is not expected to have any material impact on the earnings per share or the net tangible assets of the Company or the Group for the current financial year.

Eu Yan Sang International Limited is a progressive, global healthcare company with its core focus in Traditional Chinese Medicine. [+]

Aztech Rolls out New Products at Hong Kong Electronics Fair 2005 (Autumn Edition)

At the Hong Kong Electronics Fair 2005 (Autumn Edition), Aztech will demonstrate the latest developments in the field of Internet telephony with its IP-PBX system. Exhibition visitors can also experience for themselves the convenience and high fidelity of Internet telephony with existing phones and Aztech VoIP Adaptors. Aztech will also show how its HomePlug products, Aztech HL105E 85Mbps and HL100E 14 Mbps HomePlug Ethernet Adaptors work in a home environment. At its booth, a home concept is created and visitors can view live demonstration of Aztech's HomePlug products using the common electrical grid to transmit Internet signals throughout the home's wall plug-in sockets. The live demonstration will highlight the benefits and capabilities of the company's HomePlug products to enhance the consumers' digital home experience by providing easy connectivity, and robust and secure coverage. Aztech Systems Ltd is a multi-national company providing OEM/ODM design and manufacturing services as well as contract manufacturing service. [+]

Boustead's Subsidiary Salcon Signs
Memorandums Of Understanding For Five Projects In Binh Dinh Province, Vietnam

The Company's subsidiary, Salcon Pte Ltd ("Salcon") has signed Memorandums of Understanding ("MOUs") with the Binh Dinh Provincial People's Committee to conduct feasibility studies with a view to participating in the following proposed projects:
  • a US$250 million 200 megawatt coal fired thermal power plant in Quy Hon City;
  • a US$100 million water supply and treatment plant in the Nhon Hoi Economic Zone;
  • a US$70 million waste water treatment plant in Quy Hon City;
  • a US$30 million waste water recycling plant in the Nhon Hoi Economic Zone; and
  • a US$5 million columbarium and crematorium park in Quy Hon City.

    Salcon established its representative office in Ho Chi Minh City, Vietnam in 1994 to participate in business opportunities to meet Vietnam's growing need for clean treated water and electricity. The latest projects are in line with the Vietnamese government's plans to develop Binh Dinh Province and the Nhon Hoi Economic Zone. Boustead Singapore is a global Engineering Services & Geo-Spatial Technology Group with transnational operations. [+]

    Auric Pacific Subsidary Grand Reward Acquisition Of Medicine Distribution
    Businesses In Sichuan Province, PRC

    The Board of Directors of the Auric Pacific Group Ltd wishes to announce that Grand Reward Limited, a company incorporated in the British Virgin Islands and a wholly-owned subsidiary of Auric Pacific China Limited, has agreed to acquire the entire share capital of Chengdu Pashun Medicine Franchise Co., Limited and the business and certain assets of Chendu Ke Xun Medicine Co., Limited, subject to the fulfillment of conditions precedent. The Company intends to participate in the medicine and medical equipment distribution business in Sichuan province in the People's Republic of China through the Acquisitions. Auric Pacific Group is in the business of distribution, manufacturing and investments with operations in Singapore, Malaysia and China. [+]

    Raffles Education Corporation Opens New College In New Delhi, India

    Raffles Education Corporation Limited, one of the leading creative design and management education groups in Asia Pacific, announced that it has opened a new college in New Delhi, India, called Raffles Design International New Delhi Branch. It is the Group's second college to be established in India. Raffles Design International New Delhi Branch is a branch of the Group's Mumbai College. Students can choose from a variety of industry-focused programmes offered, including Fashion Design, Interior Design, Visual Communications (Graphic Design), Interactive Media Design, Fashion Marketing & Management, Product Design, Jewellery Design, and Business Administration. RafflesEducationCorp is one of Asia's leading creative design and management education groups. [+]

    A-REIT Leased or Renewed 25,429 sqm of Space representing S$5.9 million
    annualised rental income

    Total new leases (including expansions) for the Period represented 12,727 sqm of net lettable space of which 31% was in hi-tech industrial properties and 26% was in suburban space (business and science park properties). The remaining 44% was in the other 2 asset classes ¨C light industrial properties and logistics and distribution centres. Altogether these new leases contribute to almost 50% of the S$5.9 million annualized rental income. The net allocation for the Period was 5,300.9 sqm. The overall portfolio occupancy rate as at 30 September 2005 was 94.9% compared to 92.7% in the prior corresponding period. The occupancy rate for A REIT's multi-tenanted buildings1 has also increased to 89.7% as at 30 September 2005 compared to 88.5% in the prior corresponding period. A-REIT is the first business space and light industrial real estate investment trust ("REIT") listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). [+]

  • UTAC Starts Turnkey Production For Korean MP3 Chip Maker Telechips

    UTAC will perform full turnkey test and assembly services for Telechips' digital media processor. This is a high-performance, low-power, digital multimedia and audio large-scale integrated chip that can encode or decode MP3 and other types of audio/voice compression/decompression standards via a software-based architecture. UTAC is a leading independent provider of semiconductor assembly and testing services to its customers. Telechips is a leading fabless semiconductor company that designs, develops and markets Multimedia Integrated Circuits ("ICs") with System Solutions, and has led the market in implementing fast media technology in its solutions. It specialises in developing digital multimedia processors for use in applications such as portable MP3 players, MP3 phones, host MP3 players and in car or home audio systems for major global consumer electronics device manufacturers. [+]

    Subsidiary Boustead International Heaters Secures Contracts Totalling S$13.5 Million From Oil & Gas Sector

    The new contracts include A S$6.2 million contract to design and supply three identical air heaters for a prestigious oil refinery project in Saudi Arabia and a S$7.3 million contract to design and supply two process heaters to a large oil refinery in Mexico. The contract in Mexico marks another new market that BIH has successfully penetrated, bringing the total number of countries in which BIH has undertaken a project to 27. In July of this year, BIH secured its first contract in Canada. The successful completion of the Mexican and Canadian projects will strengthen BIH's market presence in Central and North America. Boustead Singapore is a global Engineering Services & Geo-Spatial Technology Group with transnational operations. [+]

    Auric Pacific: Acquisition Of A Company In Malaysia

    Wholly owned subsidiary company, Auric Pacific Fine Wines Pte. Ltd. has acquired two subscribers' shares of newly incorporated company in Malaysia, Priority Fusion Sdn Bhd ("Malaysia Company"). The Malaysia Company has an authorised share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each and an issued and paid-up capital of two ordinary shares of RM1.00. The issued and paid-up capital is held by Auric Pacific Fine Wines Pte. Ltd. The intended principal activities of the Malaysia Company will be those of general trading, commission agents, importer and exporter of fine wines. Auric Pacific Group is in the business of distribution, manufacturing and investments with operations in Singapore, Malaysia and China. [+]

    Midas Secures Preferred Supplier Status With Siemens

    Subsidiary, Jilin Midas Aluminium Co., Ltd has signed a Master Agreement with the Siemens Aktiengesellschaft, Berlin and Munich, Transportation Systems Group. Under this agreement, Siemens will engage Jilin Midas as a long term high-technology supplier of aluminium extrusion products in the context of long-term partnership-based cooperation. The Master Agreement is applicable to all project contracts to be entered into in future between Midas and Siemens. Any other Siemen's Group and Divisions, or any national and international subsidiary companies shall be entitled to conclude individual contracts under the terms of the Master Agreement. Midas is a leading manufacturer of aluminium alloy extrusion products and PE pipes, primarily for the transportation and infrastructure sectors in the PRC. [+]

    Soilbuild Signs an Option to Buy Bright Apartments

    This is the Group's second collective purchase this year, following its acquisition of a freehold site at One Tree Hill, off Grange Road, for S$38.2 million in January 2005. Soilbuild signed the option to purchase the 1,818 sq m freehold property with a 2.8 plot ratio at S$16.2 million through a private treaty. The land cost works out to be about $296 psf per plot ratio. Assuming that the average size per unit is 1,200 sq ft, the site can be developed into 40 to 50 residential units. Soilbuild is a vertically integrated, boutique property developer with supporting construction and facade businesses. [+]

    Jackspeed's Net Profit Surged 23% To S$1.4 Million

    Despite stronger revenue growth in both the OEM market and Retail and After market and Non Automotive Market, which recorded a growth of 39% and 25% respectively, the Group's revenue increased marginally by 1% to S$17.40 million. Notwithstanding a marginal increase in revenue, profit before tax increased by 8.3% to S$1.9 million. This was a direct result of cost savings arising from the consolidation of the Group's procurement policy and lower finance cost. Correspondingly, net profit margin increased to 7.9% from 6.5%. As part of the Group's continuous efforts to reward shareholders, the management has decided to declare an interim gross dividend of 0.3 cents per share. Jackspeed is a manufacturer of custom-fitted automotive leather trim for car seats and leather wrapping for automotive interior products. [+]

    AsiaPharm's Subsidiary Enters the
    Vietnamese Market

    Wholly-owned subsidiary, Shandong Luye Pharmaceutical Co., Ltd ("Shandong Luye" or the "Company") has registered the Company with the Ministry of Health ("MOH") of Vietnam to supply its pharmaceutical products to the Vietnamese market. The Company's maiden efforts to break into the Vietnamese market will begin with the launch of two key pharmaceutical products, Maitongna and Lutingnuo, in the first quarter of 2006 to the hospitals in Vietnam by working with the local distributors. To begin with, Shandong Luye has received Letters of Intent to import both products amounting to RMB3.45 million from distributors in Vietnam. AsiaPharm Group Ltd is a leading specialty pharmaceutical group in the PRC, which focuses on the research, development, production and sale of natural drugs and chemical drugs. [+]

    C2O'S Turnover For 1HFY2006 Up 20.9% To S$46.1 Million

    C2O Holdings Limited ("C2O"), a leading regional distributor of information communication products and a growing provider of outsourcing services, reported a 20.9% increase in its revenue to S$46.2 million for the first half year ended August 31, 2005 ("1HFY2006"). This was attributable to the strong growth in the Group's distribution of digital entertainment products, which grew 98.3% to S$11.5 million in 1HFY2006 compared to S$5.8 million in the previous corresponding period.

    The Group's profit before income tax however, fell to S$179,000, affected by the increase in administrative expenses by about 23.3% to S$2.2 million. The increase was due mainly to an increase in total headcount as a result of the Group's business expansion and additional administrative expenses of about S$101,000 in 1HFY2006 for operation costs of the listed entity. The Group's gross profit margin was also affected and decreased from 9.2% in the first half of FY2005 to 7.0% in 1HFY2006 due to lower margins in the distribution of personal communication products and mobile entertainment products. [ +]

    Sinobest: Orders On Hand As At 1 October 2005

    For the three months ended 30 September 2005, the Board of Directors of Sinobest Technology Holdings Ltd (the "Company") is pleased to announce that the Company and its subsidiaries had secured new orders of approximately RMB 53.3 million, comprising:

    (a) RMB 30.4 million for System Integration and Building Automation projects, and

    (b) RMB 22.9 million for Software Development and Technical Services projects.

    Sinobest is a one-stop IT solution service provider. [+]

    CEO’s Walk The Talk

    "..When we look at a financial portal (for our investor relations needs), weare looking at fast service, excellent content, extremely delegated staffsand strong leadership. ShareInvestor.com surpasses all the above and offer even more. Truly a leader in her field..."
    Mr Kenny Yap,
    Executive Chairman & Managing Director,
    Qian Hu Corporation Limited

    Highlighted Company

    Incorporated in Singapore in 1980, Tai Sin Electric Cables Manufacturer Limited ("Tai Sin") is a leading electric wires and cables manufacturer. Tai Sin was listed on the then Stock Exchange of Singapore SESDAQ on 23 April 1998. The Company's listing was transferred to the SGX Main Board on 16 May 2005 after many years of success and growth.

    From a single company manufacturing cables, the Company has expanded and diversified steadily over the past two decades and is now involved in electrical distribution, lamps manufacturing, assembly of switchboards and supply of sanitary wares through Tai Sin Group of Companies. The Group has subsidiaries and offices located in Singapore, Malaysia, Brunei, Vietnam and New Zealand providing quality services and products to its diverse customers worldwide.

    Historical Price Data
    Date Open High Low Close Volume
    14 Oct 2005 0.145 0.145 0.145 0.145 506,000
    13 Oct 2005 0.145 0.145 0.145 0.145 150,000
    12 Oct 2005 0.145 0.145 0.145 0.145 626,000
    11 Oct 2005 0.145 0.150 0.140 0.140 548,000
    10 Oct 2005 0.140 0.145 0.140 0.145 305,000

    EPS ($) *
    NAV ($) **
    Dividend ($) ****
    Price / NAV **
    Dividend Yield (%) ****
    Market Cap (M)
    Par Value ($)
    SGD 0.100
    Issued & Paid-up Shares ***
    52 Weeks High
    52 Weeks Low
    * Based on latest Full Year Results Announcement
    ** Based on latest Results Announcement (Full Year, Half Year or Interim)
    *** Rounded to the nearest thousand. Updated on 24/08/2005. Please click here for more information.
    **** Dividend is based on latest Full Year Results Announcement and excludes special dividend

    04 Oct 2005 Notice Of Annual General Meeting
    04 Oct 2005 Dividend Payment And Books Closure Date
    30 Aug 2005 Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest
    29 Aug 2005 Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

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