24 October 2005      
Volume `000 
 Wee Poh
 Sing Tel
Weekly movement as at 21 October 2005
 DBS Bk 6% NCPS 10
 M 1
 TAC 200US$
 STI 2200 DBePW060530
Weekly movement as at 21 October 2005

Swissco: Winstedt Chong Increase Stake To 10.60%
CapitaLand: To Buy Fukuoka Property For S$118m
STX Pan Ocean: Wins Korea Gas Tender
SingPower: Plans Australia, Singapore Asset IPO
Chartered: Upbeat 4Q05 Outlook

CapitaMall: To Acquire Part Of Seiyu Lease
Thomson Medical: Delivered 24% More Babies This Year
MobileOne: 3Q Net Profit Better Than Expected S$43.8M
Keppel T&T: Profit Up 16%, M1 Main Contributor
BH Global: Appointed As Mennekes’ Authorised Distributor In S’pore

Congratulations On Being Listed In The Prestigious Forbes Asia’s ‘Best Under A Billion’ List

Out of a total of 200 companies in Asia featured, only 11 Singapore firms made it to the prestigious Forbes Asia’s ‘Best Under A Billion’ List. All companies listed must have revenue under US$1 billion a year and 5 year returns on capital of at least 5%.
ShareInvestor Pte Ltd congratulates 4 of our most valued clients for making it on the list. They started out as Small Medium Enterprises but grew to become global players. Thank you for making Singapore Proud!

HOT Off The Press

MatrixView Awarded ISO Certification

TUV Rheinland Singapore awarded MatrixView this certification for its quality management systems based on audits, reviews and certifying procedures that began in June 2005. MatrixView began implementing ISO standards in January 2005. The International Organization for Standardization (ISO) is a worldwide federation of national standards bodies from some 140 countries. The mission of ISO is to promote the development of standardization and related activities in the world with a view to facilitating the international exchange of goods and services, and to developing cooperation in the spheres of intellectual, scientific, technological and economic activity. 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. [+]

Samudera Launches China-India-Middle East Express (CIX) Service

The service routing is as follows: HONG KONG – SINGAPORE – NHAVA SHEVA – JEBEL ALI – SINGAPORE – HONG KONG. A complete cycle will be of 4 weeks with 11 days’ transit time from Hong Kong to Nhava Sheva and 15 days from Hong Kong to Jebel Ali. The service will commence around 16th November 2005 starting from Hong Kong. CIX service will be primarily COC (carrier owned container) based, and is in line with Samudera’s “Go Liner” strategy. Samudera also continues with its policy of offering services through cooperation with like-minded partners. Samudera is offering this fixed-day weekly service in partnership with Yang Ming Marine Transport Corp. (YML) and Korea Marine Transport Co. Ltd. (KMTC). A total of 4 container ships, each with 1,200 TEU operating capacity will be deployed in the beginning. Samudera will contribute 1 ship. Samudera is a regional container shipping line that provides feeder services to main line operators and liner services to end users or cargo controllers. [+]

Magnecomp: Increase of Investment in NanoPrecision Products Inc.

Magnecomp increased its investment in NanoPrecision by an additional cash injection of US$500,000 and contributions-in-kind of US$37,870 bringing its effective interest in NanoPrecision Series A Preferred Stock from 25.45% to 39.13% in the capital of NanoPrecision. NanoPrecision is an early-stage company involved in the development and commercialization of nanoscale precision manufacturing processes and resultant products. Magnecomp International specializes in manufacturing precision metal components that are the building blocks for numerous devices that we use everyday. [+]

Lion AsiaPac: New Business Venture

Othman Wok
Chairman Of Lion AsiaPac
The Company is entering into a new business venture, which is limestone processing business in Malaysia. A limestone processing plant will be set up in Banting, Selangor to produce and supply quicklime, which is a raw material for steel making, mainly to the steel mills and the construction industry in Malaysia. Other consumers of quicklime include paper mills, water treatment plants, incineration plants, aqua farms and agriculture industry. The premises for the plant will be leased from a related company of LAP’s substantial shareholder. Construction of the plant will take about 15 months to complete, and the plant will be operational by 2007. A kiln with production capacity of 600 tons per day will be built, which will produce approximately 210,000 tons of quicklime per annum. Raw material will be mainly procured from limestone quarries situated in Kinta Valley Perak. The growing construction industry in Malaysia has brought about increased demand in steel. Steel is a core material for buildings, facilities and infrastructure that dominate an industrialised city. Thus, the supply of quicklime to steel mills and the construction industry has also become a viable business. The Lion AsiaPac Group is a diversified regional manufacturer and distributor. [+]

Gulf of Thailand Update – PEARL secures rig for Block B 5/27 exploration in 2006

PEARL Energy Limited announces it has contracted use of the ENSCO 107 jack-up rig from ENSCO Oceanics Company for a 60-day exploration drilling program scheduled to start in March 2006 in the Block B 5/27 contract area offshore in the Gulf of Thailand. The drilling program will comprise six exploration wells, three within the Jasmine production area, one well to the north and two wells to the south of the Jasmine production area but all within Block B 5/27. The Jasmine oil field commenced production from Platform A in June 2005 (see SGXNET Announcement No. 13 of 8 June 2005) and is producing at a rate of about 10,000 barrels of oil per day. In August, PEARL approved the installation of a second platform, Platform B, approximately 3 km northwest of Platform A and the installation of a third platform, Platform C, to be located 3.2 km south of Platform A (see SGXNET Announcement No. 29 of 8 August 2005). PEARL is a Singapore-based oil and gas company engaged in the exploration, discovery, development and production of oil and gas exclusively in Southeast Asia. [+]

A-REIT’s 2Q FY 05/06 DPU of 2.91 cents, 25% above prior corresponding period. Cumulative distribution of 3.03 cents per unit to be paid in November 2005

The Board of Directors of Ascendas-MGM Funds Management Limited (the “Manager”), the manager of Ascendas Real Estate Investment Trust (“A-REIT”) is pleased to announce that a cumulative distribution of 3.03 cents per unit for the period from 1 July 2005 to 4 October 2005 will be paid on 8 November 2005 The cumulative distribution comprises the DPU of 2.91 cents for the three months ended 30 September 2005 (“2Q”) and 0.12 cents for the period from 1 October 2005 to 4 October 2005, being the day immediately prior to the date new units were issued under the equity fund raising in September/October 2005. A-REIT’s 2Q FY 05/06 DPU of 2.91 cents is 25% above the prior corresponding period of 2.33 cents. For the six months ended 30 September 2005, A-REIT’s DPU is 1% above the DPU forecast of 5.68 cents1 stated in A-REIT’s circular dated 20 September 2005 and 14% above the previous DPU forecast of 5.04 cents2 published in A-REIT’s circular dated 18 November 2004. 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”). [+]

Oculus Registered First Quarterly Profit, 17.4% Quarterly Revenue Growth & 48.6% Gross Profit In 3rd Quarter '05

Oculus Limited (“Oculus”) reported its first profit of S$0.366 million for the quarter ended September 30, 2005. The Group’s revenue for the nine months ending September 30, 2005 declined by 1.3% compared to the same nine months in 2004. However, its revenue grew 17.4% in the 3rd quarter 2005 compared to the same quarter for 2004. Gross profit grew 33.2% compared with 3rd quarter 2004. Gross profits for 3rd quarter 2005 and YTD September 2005 were 48.6% and 43.6% respectively. Sales of color lenses, the core product focus of the Group, contributed 35% for the first nine months of FY2005 Group revenue compared with 29% for the corresponding period in 2004. Oculus recently launched www.freshkon.com to step up direct marketing to consumers. In September 2005, Oculus announced the launch of its FreshKon® Colors Fusion product to the Taiwan market. Oculus Limited is focused on the innovation, manufacture and marketing of color lenses. [+]

Advance SCT Limited management joins Green World Holdings Limited Board of Directors

SGX-SESDAQ listed Advance SCT Limited (“ASCT” or the “Group”), a fast growing and dynamic integrated material Supply Chain Management (“SCM”) company, is pleased to announce today that two of its directors have been appointed to the Board of Directors in Green World Holdings Limited (“Green World”). The move is a further step to enhance the synergistic collaborations between both companies. ASCT’s Chief Executive Officer, Mr. Terence Tea would be taking on the role of Deputy Chairman while its Chief Operating Officer, Mr Samuel Ang would be taking on the role of Executive Director in Green World. This follows the completion of the acquisition of a 29.04% (23,433,600 shares) stake in Green World on 26 September 2005. Advance SCT Limited is a leading provider of independent PCB testing services with an established customer base of approximately 40 customers, which includes PCB manufacturers in Singapore, Malaysia, Taiwan and the PRC. [+]

Stamford Tyres: Subscription Of Shares In China Wheel Holdings Limited

The Board of Directors of Stamford Tyres Corporation Ltd ("the Company") wishes to announce that its wholly-owned subsidiary company, Stamford Tyres International Pte Ltd ("STIPL"), a company registered in Singapore, has subscribed for 3.5 million shares of $0.04 par value of the Initial Public Offer for China Wheel Holdings Limited ("CWH") shares. The 3.5 million shares represent approximately 5.3% of the Offered shares of CWH and approximately 1.5% of CWH's enlarged share capital. The total consideration of S$1.26 million is financed by internal resources. [+]

Asian Micro: Increase In Production Facility - World Plastics Recovery Pte Ltd

The Board of Directors of Asian Micro Holdings Ltd (the "Company") wishes to inform that its wholly own subsidiary, World Plastics Recovery Pte Ltd (“World Plastics”), has signed an agreement on 19th October 2005 for a factory rental of 3,500 square feet (“rented premises”). This is for an interim use pending the Company’s purchase for an 80,000 square feet factory on a 140,000 square feet land. Asian Micro engages in recycling of precision trays and media/disk cassettes, pallets, foam packaging boxes used in HDD industry to help customer on coast saving and re-use of packaging materials. [+]

ASL Marine Secures Additional Shipbuilding Contracts Worth S$31.1 Million

ASL Shipyard Pte Ltd has secured additional shipbuilding contracts worth a total of S$31.1 million for the construction of the following four new vessels to be delivered to various customers in Europe and Singapore. Barring unforeseen circumstances, these contracts are expected to have a positive impact on the net tangible asset and earnings per share of the Company for the financial year ending 30 June 2006. ASL Marine is a vertically-integrated marine company principally involved in Shipbuilding, Shiprepair, Shipchartering and other marine related services, catering to customers mainly from Asia Pacific, South Asia, the Middle East and Europe. [+]

Aztech Showcases A Wide Range Of Telephony Products At The Internet Telephony Conference & Expo, LA, USA

Aztech Systems Ltd will be participating in the 12th Internet Telephony Conference & Expo 2005 at Los Angeles, United States from 24 to 27 October 2005. Internet Telephony Conference & Expo, held since the Voice over Internet Protocol (VoIP) Industry’s infant days in 1999, is one of the largest conferences and expositions in the world focusing on VoIP. At the 12th Internet Telephony Conference & Expo 2005, Aztech will showcase its wide range of telephony products, namely IP-PBX system, IP-Phones, VoIP adaptors, Triple Play ADSL2+ VoIP 802.11g Residential Gateway and VoIP DECT. Aztech Triple Play ADSL2+ VoIP 802.11g Residential Gateway recently won the Silver Award of the Wireless/Security category of HKEIA Award for Outstanding Innovation and Technology Products at the 2005 Hong Kong Electronics Fair, Autumn Edition. In addition, its VoIP DECT was a finalist in the Consumer Electronics Category. Aztech welcomes visitors at Booth 531 in the Los Angeles Convention Centre. Aztech Systems Ltd is a multi-national company providing OEM/ODM design and manufacturing services as well as contract manufacturing service. [+]

Winstedt Chong raises stake in Swissco

Former Links Island Holdings chairman Winstedt Chong has bought an additional of 613,000 shares in Swissco International Ltd over the past 2 weeks. His latest purchases on 21st October 2005 brings his total holding to 15,543,000 shares or a 10.60% stake. Mr Chong has been steadily upping his direct holdings in the Singapore-based marine company since December 2004. [+]

DMX Awarded RMB 2.2M Contract To Build IP-TV Content Platform For Shanghai Media Group

Under the contract, DMX will build Phase 1 of the Internet Protocol Television Content Platform for SMG using its unique Digital Fixed Media solution. The solution includes encoding software and MAX, a digital broadcast centre management software suite developed by DMX. Upon the completion of the project, SMG shall simultaneously deliver a total of 200 television programs, one globally exclusive program – the China Football Association Super League, programs from all analog TV and radio channels owned by SMG, and 31 pay TV channels selected by SMG. DMX is a leading system architect that provides a wide range of broadband network infrastructure, digital video, and advanced mobile solutions to service providers and corporate customers across Asia. [+]

Indonesia Update – Pearl Energy Proposed Acquisition Of Sebana Limited

Sebana is a company incorporated in the British Virgin Islands and is wholly owned by Petroland. Sebana’s primary asset is a 90% working interest in the Bulu Production Sharing Contract (“Bulu PSC”) offshore East Java. Sebana is the operator of the Bulu PSC. Under the terms of the MOU, PEARL will pay US$1.5 million to Petroland for Sebana and bear the cost of the bonus payment obligations to the Indonesian government required under the Bulu PSC, up to a maximum amount of US$3 million. In addition, and simultaneously with the completion of the proposed acquisition, PEARL will transfer 5% working interest in the Bulu PSC to PT Satria Wijaya Kusuma (“SWK”). SWK also will have the option to acquire an additional 5% working interest in the Bulu PSC from PEARL in the event of a discovery. PEARL is a Singapore-based oil and gas company engaged in the exploration, development and production of oil and gas exclusively in Southeast Asia. [+]

Sinomem Launches BIO-CEL® Membrane Bioreactor in Filtech 2005

50% owned associate company Microdyn-Nadir GmbH has launched its BIO-CELMembrane Bioreactor in Filtech 2005-Europe’s specialist conference and exhibition for filtration and separation held in Wiesbaden, Germany, October 11-13, 2005. Membrane Bioreactors are becoming viable alternatives to conventional biological treatment systems used in wastewater treatment industries.

By combining biological treatment with membrane separation processes, Membrane Bioreactors can support much higher density of biomass for more effective aerobic biological treatment and reduced aeration basin volume. It produces better results, offers operational safety, high efficiency and cost effectiveness. For NEWater production, the existing three-stage processes of aeration; final sedimentation and microfiltration/ultrafiltration pre-treatment can be effectively replaced by a single-stage Membrane Bioreactor. [+]

Noble Group Wins Top Technology Award

The New York-based Technology Managers Forum at its tenth annual Best Practice Awards has honored Noble Group with a coveted first place in the Technology Innovation category. Fleet Management Limited, Noble Group’s technical ship management company, impressed the jury with an internally developed information management system that allows all 130 ships under its management to directly interface with computers in Hong Kong headquarters and other ground offices.

The Planning and Reporting Infrastructure (Ship) system, or PARIS, allows crew members to access the same applications used by owners and managers, leading to greater operating efficiency on the ships and better decision-making in the office. Written in Java with a MYSQL database, PARIS runs on generic no-name PCs using Red Hat Linux as operating system. The data inputted by crewmembers are exchanged with the office servers in the form of zipped XML files via the Inmarsat C satellite.

Noble Group Limited (SGX: NOBL) is a market leader in managing the global supply chain of agricultural, industrial and energy products. [+]

Aztech Triple Play ADSL2+ VoIP Wireless 802.11g Residential Gateway Awarded Innovation Award at 2005 Hong Kong Electronics Fair

Aztech DSL600EVW ADSL2+ VoIP Wireless 802.11g Residential Gateway is the latest 6-in-1 high-speed communication device. It is an ideal device for triple play services – video, voice and data for telecom operators and high-speed Internet providers. The integrated ADSL2+ modem provides up to 26Mbps bandwidth which is ideal for Internet Television, a VoIP gateway for connectivity to analog telephones/facsimiles and DECT cordless phones for low cost internet telephony and 802.11g Wireless mobility for internet access. Additional USB and 4-port Ethernet provides connectivity to IP STB, additional PCs and a multitude of devices in a digital home. Aztech DSL600EVW ADSL2+ VoIP Wireless 802.11g Residential Gateway has extensive security features including a double Stateful Packet Inspection, NAT based Firewall, VPN Passthrough and DMZ support.

It also has URL blocking, thereby allowing parents to have control over the content of the Internet. Scalable, cost effective, secure and easy to use, Aztech DSL600EVW also supports higher data transmission rates with its ADSL2, ADSL2+ and/or Extended Reach-ADSL support. This next generation ADSL provides a speed of up to 12Mbps and an additional 600 feet reach for ADSL2 and 26Mbps speed for distance up to 5,000 feet for ADSL2+. Embedded with Texas Instruments AR7VW Chipset, it also comes with Aztech's easy connect technology that enables instant connectivity without the need to change a user’s PC settings. Aztech Systems Ltd is a multi-national company providing OEM/ODM design and manufacturing services as well as contract manufacturing service. [+]

Meghmani Wins SIAS’ Most Transparent Company Awards

SGX Main Board-listed Meghmani Organics Limited, is pleased to announce that it is the runner up in the Main Board Small Caps (up to S$100 million) Category at the prestigious “Most Transparent Company Award 2005” organized by the Securities Investors’ Association of Singapore (“SIAS”). The award was presented to Meghmani at the Investors’ Choice Awards 2005 and Sixth Anniversary Dinner held at The Stamford, Swissotel on 12 October 2005. Meghmani is a manufacturer of pigments and pesticides. [+]

ECS Holdings Appointment Of Senior Vice President, Business Development

ECS Holdings Limited, announced that it has named Lim Tow Cheng as the company’s Senior Vice President, Business Development. Mr. Lim was appointed to manage ECS’ regional expansion strategy and identify new business opportunities. With more than 20 years in trade and IT senior management, Mr. Lim has a long and well-established track record of successful revenue growth and corporate expansion across this region. He was most recently with Western Digital, a major industry storage vendor, where he served as a director for South Asia. In that role, he was responsible for sales strategy, partners’ strategy and business planning. ECS Holdings Limited is a leading ICT product and services provider, serving and supporting a wide regional customer base. [+]

MTQ Associate RCR Reaches Agreement To Acquire Easteel Industires & Newman Engineering

RCR Tomlinson Ltd acquires Easteel Industries Ltd an Australasian leader in the provision of energy systems for industry since 1953. Easteel is expected to have sales in the range of $28m-$33m with an EBIT of $2.8m for the current financial year ending in June 2006. The maximum acquisition purchase price of $9.8m represents a multiple of 3.5 times expected June 2006 EBIT. The acquisition will be satisfied through the issue of 4,271,266 shares in RCR at $1.06 per share escrowed for 12 months and $5.27m in cash to be provided from internal resources and additional banking facilities. RCR acquires the business and business assets of Newman Engineering for $2.4m cash and assumed debt and the issue of 1.5m shares in RCR at $1.10 per share escrowed for three months.

Newman will increase sales of RCR’s Site Maintenance and Construction Division by at least $10m per annum and $1.0m in EBIT in a full year from the additional operating bases in Mt Newman and Port Hedland. The purchase price include all plant and equipment, the lease on workshops and accommodation, stock and work in progress and the transfer of the existing 65 strong workforce and ongoing maintenance contracts. MTQ Engineering Pte Ltd is a leading provider of engineering solutions for oilfield and industrial equipment users and manufacturers. [+]

C2O Secures Distributorship Agreement With O2 In Singapore

C2O Holdings Limited (“C2O” or “the Group”), a leading regional distributor of information communication products and a growing provider of outsourcing services, today announced that its subsidiary, C2O Corporation Pte. Ltd., has been appointed by O2 (Online) Limited (Singapore Branch) (“O2”) as a distributor for O2 products in Singapore. This first contract with O2 will see the Group distributing some of O2’s hottest and market leading smartphones including the Xda II mini, Xda IIs, Xda IIi and Xphone IIm. This agreement is expected to contribute approximately S$10 million to the Group’s revenue for the financial year ending February 28, 2006. C2O is regional distributor of infocomm products and outsource services. [+]

OSIM Enters Vietnam & Pakistan

OSIM International Ltd (“OSIM”) announces the signing of Master Franchise Agreements for two new countries – Vietnam and Pakistan. Following due diligence and interviews, agreements were signed with Representations International Pte. Ltd, (RIPL) for OSIM Vietnam, and Bee Enterprises Ltd for OSIM Pakistan, to operate the OSIM franchise business in these two countries. OSIM Vietnam plans to open a minimum of 15 exclusive outlets in major cities of Vietnam in the first five years. The first store is expected to open in Ho Chi Minh City this month. OSIM Pakistan plans to open a minimum of 20 stores in the next five years. The first flagship store is scheduled to open this year in a prestigious commercial area in Lahore. OSIM Vietnam and OSIM Pakistan are the Group’s 25th and 26th markets. Other franchise markets are Australia, Canada, India, Indonesia, Ireland, Korea, Kuwait, Myanmar, Philippines, Saudi Arabia, South Africa, Spain, Thailand, UAE, UK and Ukraine. OSIM is a global leader in branded healthy lifestyle products. [+]

CEO’s Walk The Talk

"..Sinomem will make full use of its established process know-how to develop more industrial applications for MicrodynNadir’s BIO-CEL® Membrane Bioreactor to generate wealth and enhance value for our shareholders and customers..."
Dr Lan Weiguang
Founder and Managing Director of Sinomem

Highlighted Company

Oculus Limited is a leader in the innovation, manufacture and marketing of contact lenses and contact lens care products. The key focus is our color lenses, which are marketed principally under the FreshKon® and UniconTM brand names globally.

Aside from color lenses, Oculus Limited also offers a broad spectrum of contact lens products including fast moving disposable daily clear lenses, disposable monthly clear lenses under the FreshKon® brand, as well as gas permeable lenses and solutions under the Boston® brand. We also offer customized products in the form of toric lenses to correct astigmatism.

Oculus Limited has a strong direct regional presence in Singapore, China, Hong Kong and Malaysia, while its products are sold in over 45 countries around the world.

Historical Price Data
 Date Open High Low Close Volume
21 Oct 2005 - - - - -
20 Oct 2005 - - - - -
19 Oct 2005 0.030 0.030 0.030 0.030 20,000
18 Oct 2005 - - - - -
17 Oct 2005 - - - - -

EPS ($) *
NAV ($) **
Dividend ($) ****
Price / NAV **
Dividend Yield (%) ****
Market Cap (M)
Par Value ($)
SGD 0.075
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 14/08/2005. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

18 Oct 2005 Registered First Quarterly Profit, 17.4 % Quarterly Revenue Growth include 48.6% Gross Profit In 3rd Quarter '05
13 Oct 2005 Notice Of Extraordinary General Meeting
29 Sep 2005 Press Release : Oculus Exhibiting Its FreshKon Disposable Color Lenses In Paris Trade Show
15 Sep 2005 Press Release : Oculus Launches Its FreshKon Disposable Color Lenses Into Taiwan Market

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