5 December 2005      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 Sing Tel
169,352 
 Wee Poh
137,482 
 UTAC
113,936 
 UniFiber
97,428 
 Chartered
84,993 
Weekly movement as at 2 December 2005
WEEK'S TOP GAINER
 Name
Price  
Chg 
 Venture
14.400 
+1.100
 Jardine C&C
11.000 
+0.800
 SingamasC 2kHK$
4.500 
+0.700
 Creative 50
14.100 
+0.400
 DBS
16.600 
+0.400
Weekly movement as at 2 December 2005

 
HEADLINES FOR THE WEEK
Keppel Land: Sets Up $630.7 Million Office Reit
DBS:
Opens Newly Renovated Raffles Place Centre Branch
CapitaLand: Sell Off Stake In Seiyu To Beijing Hualian
Landwind: Signs MOU With Siemens Worth $6.3 Million
SPC: Introduce Ultra-Low Sulphur Diesel At Service Stations
MapleTree: Completes 8 Loyang Crescent Purchase Worth $16.5 Million


Keppel: Unit Wins $134 Million Of Contracts
DBS: Sells Shenton Way HQ For $690 Million
MediaRing: CAAS Launch VoIP Phones At Changi Airport
Genting: Casino Operator Offering 800 Million New Shares
At 35c Each
ST Engineering:
Clinched US$28.8 Million Design & Build Project
From US Govt
 
HOT Off The Press

Food Empire Honoured As Singapore's Most Valuable Brand For Third Consecutive Year

Food Empire Holdings was ranked 13th in this year’s award and was valued as having an estimated brand value of S$84 million on the basis of its strong portfolio of brands.

The Group has won numerous international accolades and achievements including being ranked one of "The Most Valuable Singapore Brands" in 2003 & 2004 at the national brand award organised by IE Singapore. MacCoffee was ranked one of "The Strongest Singapore Brands".

More recently, MacCoffee won "Choice of The Year 2005" award in Ukraine. Food Empire Holdings was awarded the coveted Singapore Packaging Star Award for its innovative design and packaging of Zinties Ice Breeze Breath Strips and OrienBites Dim Sum Pack.

Food Empire Holdings is a leading food and beverage company that manufactures and markets instant beverage products, frozen convenience food, confectionery and snack food. [+]

Midas Sets Up Trading Subsidiary In Beijing

With a registered share capital of USD 2.1 million, the newly established subsidiary, Midas Trading (Beijing) Co., Ltd will deal with the import, export and wholesale of aluminium alloy, PE pipes, metal materials and other related products. It will also serve as the procurement centre for the two business divisions of Midas.

Midas is a leading manufacturer of aluminium alloy extrusion products and PE pipes, primarily for the transportation and infrastructure sectors in the PRC. [+]

AsiaPharm's Subsidiary Obtained Approval For Clinical Trials Of Lutingnuo® Capsules

Jointly developed with Kyowa Hakko Kogyo Co., Ltd., Reduced Glutathione Enteric-coated Capsules are the oral formulation of Lutingnuo® (Reduced Glutathione for Injection).

The new oral capsule formulation is safe, convenient and highly absorbable can be widely used in the field of hepatology for the treatment of liver aliments such as acute alcoholic hepatitis, alcoholic hepatic fibrosis and liver cirrhosis. As an antioxidant, it also reduces the amount of toxins accumulated in tumor patients who had undergone chemical treatments.

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. [+]

Brilliant Manufacturing Posts FY2005 Net Profit Of S$15.3 Million

The revenue for the group was S$172.7 million, compared to S$186.0 million in FY2004.

The Group has proposed a final dividend of one cent per ordinary share. This brings the total dividend payout for FY2005 to two and a half cents, representing a total dividend payout ratio of 76.5% of FY2005 earnings, compared to the 92.6% of earnings paid out for FY2004.

Brilliant continues to be in a strong financial position with a cash balance of S$12.4 Million as at 30 September 2005. Besides the S$5.0 million unsecured loan from a director, total borrowings from banks and financial institutions decreased by 36.6% to S$26.7 million as at 30 September 2005 from the S$42.1 million as at 30 June 2005 as working capital loans were progressively repaid on maturity.

Brilliant is engaged in the business of mould design and fabrication, die casting, electro-plating, precision machining and metal stamping of precision components for the HDD industry. [+]

Medi-Flex Seeks Dual Listing On London Stock Exchange’s AIM In 2006

The rationale for the Proposed Dual Listing on AIM is primarily to strengthen its capital base and help towards funding the continuation of Phase II of Medi-Flex’s accelerated expansion programme, whilst concurrently increasing its corporate profile in its key European markets and enlarging its investor base.

Medi-Flex had, on 23 November 2005, provided an update report on Phase I of the accelerated expansion programme at its new second plant that is nearing completion. The Company is expecting its total annual installed production capacity at both plants to increase to approximately 1.6 billion gloves by 1Q 2006.

Medi-Flex Limited is the first cleanroom and medical disposable glove manufacturer to be listed on the SGX in November 2004. [+]

CAO Subsidiary’s Latest Jet Fuel Tender Is 4.6 Times Over-Subscribed

CAOT’s latest tender continues to be successful and has received a strong response from 17 physical jet fuel suppliers, including oil majors and major trading houses. For this January-February 2006 tender, a total volume of 630,000 metric tonnes of Jet A1 Fuel was awarded and the tender was approximately 4.6 times over-subscribed.

CAOT will award the mandates to the most competitive tenderers and would like to state that the tenders received for this latest tender exercise complied with CAOT's standard terms and conditions.

China Aviation Oil (S) Corp Ltd is a Singapore-headquartered, multinational investment and oil infrastructure company. [+]

Food Empire Plans A USD5.0 Million Production Facility In Moscow, Russia

The 3,000-sqm rented-plant in Russia has a production capacity of 3 lines to meet the existing needs of the market and is expected to begin production in early 2006. The Company foresees the new factory plant will meet the growing needs of the market.

To ensure long-term stability of the facility and to prevent minimal changes in the manufacturing activities and the flexibility of possible expansion from the present location, the Company intends to acquire a 50% stake in the property owner company that owns the premise which houses the production facility.

Following the establishment of the production facility in Russia, the Company sees that it will strengthen its value chain, and increase its competitiveness and service levels to its customers.

Food Empire Holdings is a leading food and beverage company that manufactures and markets instant beverage products, frozen convenience food, confectionery and snack food. [+]

 
Petra Foods Ranked As One Of Singapore's 15 Most Valuable Brands

Ranked for the first time at No. 12, Petra Foods’ efforts in using brand strategies to successfully improve business performance, create greater shareholder value and consumer awareness have been acknowledged by its inclusion on this prestigious list.

The Singapore Brand Awards, organised by IE Singapore in partnership with Interbrand, are now in their fourth year and is aimed at showcasing Singaporean companies which have invested in brand building to establish international recognition and boost corporate performance.

By assessing financial, market and brand data, including brand stability and sustainability, Petra Foods brand valuation was estimated to be in the region of S$107 million.

Petra Food Limited and its subsidiaries is one of the world’s major manufacturers and suppliers for cocoa ingredients, namely cocoa powder, cocoa butter and cocoa liquor. [+]

Venture Corp Acquires 60% Of Scinetic
Engineering Pte Ltd

Scinetic is a private company limited by shares and was incorporated in Singapore in 1997. It carries on the business of designing, manufacturing, trading in and repairing electronic and mechanical products and providing technical services in relation thereto.

With the Acquisition, the Company will have new capabilities in the Retail Systems Solution for its ODM (original design manufacturing) services and will be able to enhance the Company’s design offering to major customers in the computer application and peripheral sector.

Venture Corporation Limited is a leading global electronics services provider. [+]

Memory Devices 3Q Net Profit Up 121% To
US$3.2 Million

The fast-growing Flash memory product segment drove the strong Group performance. In addition, the changes in sales mix towards Flash memory products helped to lift the gross profit margin to 9.9% in 3Q05, as compared to 7.8% in 3Q04.

Of its recent IPO’s net proceeds of US$12.9 m, MDL will use US$4.7 million to increase production capacity by acquiring additional production facilities and equipment, US$2.4 million to expand its research & development capabilities, US$4.1 million to expand sales and marketing channels and the balance will be used as general working capital of the Group as well as to develop strategic partnership and further growth opportunities to complement its current and future businesses.

Memory Devices Limited is principally engaged in the research and development, manufacture, and sale of solid state memory storage products, namely, DRAM memory modules and Flash memory products for use in personal computers, notebooks, servers and networks, as well as a wide array of consumer electronics, industrial and communication applications. [+]

Biosensors International Appoints R. Chato Abad As Chief Financial Officer

Ms. Abad, who is based in the Company’s office in Newport Beach, California, brings to Biosensors more than 15 years of senior financial management experience in the pharmaceutical and medical device industries.

Prior to joining Biosensors, Ms. Abad acted as interim Chief Financial Officer at the US Generics Division of Alpharma, Inc., a multi-national manufacturer of branded and generic pharmaceuticals with sales in excess of US$450 million. At Alpharma, she was closely involved in the successful sale of the US Generics Division to Actavis.

Biosensors develops, manufactures and markets innovative medical devices used in interventional cardiology and critical care procedures. [+]

Sembawang Kimtrans Incorporation Of 2
New Subsidiaries In Indonesia

The first subsidiary, PT SK Logistik Indonesia, is 100% owned by Sembawang Kimtrans. It has an authorized and paid-up share capital of US$250,000. Its principal activity is in heavy equipment import/export, leasing and hiring.

The second subsidiary is PT SK Pelayaran Indonesia. It has an authorized share capital of US$4,000,000 and an initial paid up-capital of US$1,000,000. Sembawang Kimtrans and another individual shareholder, Mr Bambang Sriwijanarko, respectively hold 95% and 5% of the issued and paid-up capital of PT SKPI. Its principal activity is in provision of shipping services.

Sembawang Kimtrans owns and operates a young fleet of cargo handling equipment, vessels and facilities. [+]

Mango DSP Ltd Appointed Esmart As
Distributor

Esmart’s wholly owned subsidiary E-smart Distribution Pte Ltd has been appointed by Mango DSP as distributor for Singapore, Thailand, China, Hongkong, India, Taiwan, Malaysia and Indonesia.

Mango DSP's Homeland Security core competencies are in the areas of high-performance computing, video compression using most common codecs available including Mpeg 4 and H264, Video Motion Detection, and complex data management. Mango's innovative development in this area allows delivering comprehensive solutions boasting the world's most advanced processing and proprietary threat analysis algorithms and compression of alert, record and view in real time.

Mango DSP sophisticated approach to DSP technology will allow Esmart to provide customers with ever-increasing degrees of speed and functionality. Mango's security system with programmable IP Nodes and Smart Threat Analysis software enables the cameras to be in close proximity and eliminates the need for bulky cables and complex wiring to the Network Video Recorder. This system proves to be the most innovative, cost-effective and sought-after Homeland Security system today.

Esmart designs and supplies solutions, ranging from designing the entire subsystems of electronics products – hardware design, firmware development, PCB layout design and device application development – to supplying the main active devices, chipset and other electronics components. [+]



CEO's Walk The Talk

"..We believe that our efforts to realign our regional manufacturing footpint, expand our production capacity and widen our customer base have positioned us for growth..."
Mr. Harry Koh
Executive Chairman
Brilliant Manufacturing Limited



Highlighted Company

Food Empire Holdings is a leading food and beverage company that manufactures and markets instant beverage products, frozen convenience food and confectionery.

It also has a wholesale business that trades in frozen seafood. Food Empire Holdings' products are exported to over 50 countries in markets such as Russia, Eastern Europe, Central Asia, China, Indochina, Australia and the US.

The Group has 18 offices (representative and liaison) in countries including Russia, Ukraine, Kazakhstan, Uzbekistan, Iran, Poland, Turkey, Belgium, Bahrain, Mongolia and Vietnam.
Food Empire has more than 200 types of products under its own brands - MacCoffee, Klassno, FesAroma, Bésame, OrienBites, MacCandy, Kracks, MacFood, Zinties and Hyson. .































Historical Price Data
 Date Open High Low Close
Volume  
 02 Dec 2005 0.300 0.300 0.300 0.300
20,000
 01 Dec 2005 0.300 0.300 0.300 0.300
118,000
 30 Nov 2005 - - - -
-
 29 Nov 2005 0.300 0.300 0.300 0.300
10,000
 28 Nov 2005 0.300
0.300 0.300 0.300
30,000

Fundamentals
EPS ($) *
0.03919
NAV ($) **
0.2378
Dividend ($) ****
0.005000
PE
7.655
Price / NAV **
1.262
Dividend Yield (%) ****
1.667
Market Cap (M)
116.725
Par Value ($)
SGD 0.050
Issued & Paid-up Shares ***
389,085,000
52 Weeks High
0.385
52 Weeks Low
0.280
 
* 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 10/11/2005. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

Newsroom
02 Dec 2005 Food Empire Plans A USD5.0 Million Production Facility In Moscow, Russia
02 Dec 2005 Incorporation Of Wholly Owned Subsidiaries
02 Dec 2005 Food Empire Honoured As Singapore's Most Valuable Brand For Third Consecutive Year
01 Dec 2005 Food Empire Announces Appointment Of Independent Director
01 Dec 2005 Announcement Of Appointment Of Independent Director



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