12 December 2005      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 UniFiber
148,316 
 Sing Tel
100,389 
 Biosensors
78,344 
 Chartered
64,484 
 GlobalVoice
50,229 
Weekly movement as at 9 December 2005
WEEK'S TOP GAINER
 Name
Price  
Chg 
 F&N
18.100 
+0.800
 CITYDEV
8.750 
+0.450
 CITYDEV W060510
6.300 
+0.450
 NOL
3.280 
+0.360
 DairyFarm 900 US$
3.880 
+0.360
Weekly movement as at 9 December 2005

 
HEADLINES FOR THE WEEK
OCBC: Donate $2.5 Million To Singapore Children’s Society
Over 5 Years
Metro:
Invests US$15 Million In Beijing Hotel Owner
TPV: Post Record 3Q 05 Profit of US$42 Million Up 78.1%
Frontline: MCDL-Frontline Wins $21 Million China Deals
NOL: To Return $1.34 Billion To Shareholders
Celestial: Templeton Acquires 5% Stake Through Share
Placement


Pacific Healthcare: Buys Stake In Singapore Heart Stroke &
Cancer Centre
SP AusNet: IPO Over 2 Times Subscribed
SGX: Signs $95 Million Outsourcing Deal With HP Singapore
Genting Int’l: IPO 13.8 Times Subscribed
M1:
Partners PLDT To Offer Prepaid Mobile Services To Filipinos
MediaRing:
Won The Deloitte Technology Fast Asia Pacific
500 Award
 
HOT Off The Press

CAO Signed Investment Agreements

Key Highlights:

• CAOHC to invest US$75.77 million which, inclusive of its current shareholding, will allow CAOHC to end up with majority stake of 51% post-restructuring

• BP Investments Asia Ltd to invest US$44 million for a post-restructuring 20% stake
• Aranda Investments Pte Ltd to invest US$10.23 million for a 4.65% post-restructuring stake

• CAO’s creditors to be invited to subscribe for about 10% of
enlarged (post-restructuring) share capital for US$22 million

• MOU signed with CAOHC and BP Singapore for possible injection of complementary assets into CAO

• CAO existing shares to be consolidated on a 5:1 ratio basis

• Minority shareholders will have an equity stake of 14.35% after the Restructuring Plan is executed

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

Advanced Holdings Placed Out 4 Million Shares To a US Fund

The Placement Shares were placed out to enhance the liquidity of the stock, and to raise institutional shareholding in the Group.

The placement shares were sold at $0.76 per share, a discount of approximately 2 per cent to the closing share price of $0.78 on 30 November 2005. No new Advanced shares were placed out in this exercise.

This latest share placement to the US fund follows a share placement exercise to Tiedemann Global Emerging Market LP in May 2005. Currently Tiedemann holds a 7.12 per cent stake in Advanced.

Advanced Holdings is a ISO9001:2000 certified specialist company which designs and supplies process equipment and process technologies to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. [+]

ChinaCast Intention To Upgrade To ADR
Level II And Provide IFRS Financial
Information Reconciled To Accounts
Prepared Under US GAAP

An ADR LEVEL TWO program will require the Company to publish audited accounts prepared under US generally accepted accounting principles as additional information.

The Directors believe that the provision of additional information will further raise the Company's profile in the US and will provide investors there who are interested to invest in the Company with information relevant to their market conditions.

The Company's ADRs are traded under the symbol CCHYY in the "Over-the-Counter" market on the New York Stock Exchange since the end of 2004. The Bank of New York is the depositary bank for the ADR Program.

ChinaCast is the PRC’s leading private satellite broadband value added service provider to educational institutions, government agencies and corporate enterprises. [+]

One-Year US$14.6 Million Contract To Charter Offshore Jack-Up Unit in Gulf Of Mexico


The project is ahead of schedule, with the consent of the customer, the rights to the offshore jack-up unit will be transferred at cost to New Strong Group Limited, a joint venture company equally owned by KS Energy and Ezra Holdings Limited. In turn, the JV will transfer the rights to the jack-up unit to KSES (USA) Inc, a 25% associate of the Company, for a consideration of US$44.5 million.

By working with a US-based oil & gas company, KSES USA will charter the offshore jack-up (non-drilling) unit to support the offshore drilling operations of an international oil company in the Gulf of Mexico. The Contract is for a period of 6 months with an option to extend a further 6 months. The total value of the one-year Contract is approximately US$14.6 million.

Ezra Holdings is an offshore support and marine services provider supporting the offshore oil and gas industry, mainly in South East Asia.

KS Energy is an energy services group catering to the oil & gas and petrochemical industries around the world. [+]

Darco Wins Another Landmark Municipal Wastewater Contract In Taiwan Worth NT$580 Million

The turnkey (design & build) project, awarded by Hsin Chu Provincial government, is worth NT$580 million which translates into S$29.3 million and involves the construction of a 20,000 m3/day waste water plant in a new Water Recovery System for Chu Bei City’s Municipal Water Resources Recovery Centre.

The contract includes a 3-year operation and maintenance portion worth NT$80 million.

Darco is a leading provider of integrated engineering and knowledge-based solutions for water and wastewater treatment. [+]

Placement Of New Shares By Magnecomp Precision Technology Public
Company Limited, A Subsidiary Of
Magnecomp International Limited


MPT has raised gross proceeds of Baht 725.7 million through a placement of 177 million new shares.

MPT has emerged out of this placement with a broader shareholding structure that will enhance the overall profile of the company. Most importantly, MPT was able to achieve its primary objective of achieving the free float level of at least 15% as stipulated by the Stock Exchange of Thailand.

The new shares were placed to local institutional and high net worth investors, as well as foreign institutional investors. In total, 15 institutional investors participated in this placement with leading local asset management companies in Thailand and reputable foreign institutions on the investors’ list.

Magnecomp International specializes in manufacturing precision metal components that are the building blocks for numerous devices that we use everyday. [+]

Sarin: Sale Of 11,250,000 Million Substantial Shareholders' Shares To Institutional Fund Managers

Sarin Research & Development Ltd. and Interhightech (1982) Ltd. sold 7,500,000 & 3,750,000 Sarin Shares respectively at a price of 65 cents per share to three institutional fund managers.

The sale has broadened the shareholders base of the company as well as increased the number of institutional shareholders.

Sarin Technologies Ltd deals in the development, manufacture and sale of precision technology products based mainly on automated three-dimensional geometric measurement (metrology) for the processing of diamonds and gems. [+]

RafflesEducationCorp To Establish New College In Vietnam

RafflesEducationCorp has received approval from the Ministry of Planning and Investment of the Socialist Republic of Vietnam to establish a new college in Ho Chi Minh City, Vietnam, to be known as Raffles Design Training Centre (Vietnam).

Raffles Education Corporation will invest US$265,000. A wholly owned subsidiary of the RafflesEducationCorp, Raffles Design Training Centre (Vietnam) expects its first intake to commence in January 2006.

Students will be able to 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 and Jewellery Design.

RafflesEducationCorp is one of Asia’s leading creative design and management education groups. [+]

 
Oculus Launches FreshKon® Alluring Eyes In China

FreshKon® Alluring Eyes is an innovative product developed by Oculus that enhances the beauty of the eyes through making the eyes appear "bigger and brighter".

Oculus developed and launched FreshKon® Alluring Eyes product initially in Hong Kong in July this year. Oculus has filed patents to protect innovations around this new product line. FreshKon® Alluring Eyes product has proven popular amongst Hong Kong consumers since its launch and is now available at leading optical outlets in Hong Kong, Singapore and Malaysia. Oculus intends to expand the distribution of this popular product to other geographical markets.

Oculus Limited is focused on the innovation, manufacture and marketing of color lenses. [+]

A-REIT To Acquire Two Properties Worth $40.9 Million

A-REIT has completed the acquisition of 37A Tampines Street 92 for $12.25 million on 1 December 2005 and signed a put and call option agreement to acquire 50 Kallang Avenue for $28.6 million on 6 December 2005.

The put and call option agreement for 50 Kallang Avenue was signed with Noel Gifts International Limited while the put and call option agreement for 37A Tampines Street 92 was signed with Steel Industries Pte Ltd.

The pro forma financial effect of the two properties on A-REIT’s distributable income per unit for the financial year ended 31 March 2005 would be 0.07 cents.

A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]

Creative Master Released "The Most Attractive London Bus Replicas"

Creative Master Northcord Limited has proudly released two brand new bus replicas representing the most attractive London bus colours. They are ukbus 4006 AIRBUS, an Alexander Royale-bodied Volvo Olympian, and ukbus 5103 London General Red Arrow Rt 507, a Mercedes-Benz Citaro G bendi bus.

On both ukbus 4006 and ukbus 5103 the clean lines accentuate the square-mounted, bonded windows and the livery application on which all logos and lettering are clearly legible. Another main feature on each model is the extensive portrayal of handrails. The headlight / indicator units at the front are made of individual components to look more realistic.

Creative Master has been engaged in the contract manufacturing of die-cast collectibles for about 17 years. [+]

C2O Saw Strong Sales At SITEX 2005 With Recorded Sales Of More Than S$2.3 Million


The exhibition was held over four days at the Singapore Expo. The strong sales were attributed to both the Group’s sales of digital entertainment and personal communication products.

Going forward, C2O will continue to maintain a strong presence in such exhibitions in Singapore. Such events gives C2O an additional channel to introduce market leading and innovative products to the public & also boost the company’s profile substantially in the market.

C2O is a regional distributor of infocomm products and outsource services. [+]

US Court Dismisses Class Action Suit Against CAO


The class action lawsuit filed in the United States Southern District Court of New York against CAO was dismissed by US District Judge Robert P. Patterson Jr..

The Plaintiffs in the class action lawsuit had applied to the court for permission to effect service of the court documents on the Company in Singapore. The Court requested that the issue of subject matter jurisdiction of the US Courts with respect to the purported class action lawsuit be addressed.

After listening to submissions on the issue, the Court dismissed the Plaintiffs’ application on the grounds that the US Courts did not have subject matter jurisdiction over the lawsuit.

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

A-REIT Rated A3 By Moody's Investors Services

The rating reflects Moody’s opinion of A-REIT’s ability to honor its financial obligations as if it had a single class of debt and single consolidated legal entity structure. The rating outlook is stable. This is the first time Moody’s has assigned a rating to A-REIT.

The A3 rating reflects A-REIT’s credit strengths, which include, leading market position in the business space and industrial property sector, stable cash flow, supported by a portfolio of diverse and quality business space and industrial properties, and a strong REIT management, including a good track record for growing REIT revenues through acquisitions and asset enhancements.

A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]

Biosensors Receives Notice Of Allowance For Second Patent Covering Drug-Eluting Stent Technology From The US Patent And Trademark Office


A Notice of Allowance is a written notification that the USPTO has determined that there are allowable claims in a pending patent application. Receiving a Notice of Allowance is a necessary step on the way to patent grant and publication.

Biosensors Chief Technology Officer Mr. John Shulze indicated that the Notice of Allowance represents a further validation of Biosensors’ proprietary technology portfolio. Earlier this year, Biosensors received a US patent (Patent Number 6939376) covering the use of certain antirestenotic, immuno-suppressive drugs including Everolimus (i.e. Limuses) in combination with a biodegradable drug-release polymer coating on an endovascular stent.

Biosensors International is a leader in the design, research, development and distribution of innovative medical equipment including special diagnostic and therapeutic cardiovascular catheters and interventional cardiology products. [+]

 


CEO's Walk The Talk

"..I believe that with the participation of the new investors, the Company will surely improve its corporate governance and risk management, and be able to continue to create shareholder value..."
Mr Jia Changbin
Chairman
China Aviation Oil (S) Corporation Ltd.



Highlighted Company

Established in 1976, Kingsmen has grown from a local outfit to a regional group with offices in 15 major cities across the Asia Pacific and Middle East regions through its affiliates.

The Group designs and produces exhibits for events, tradeshows and even museums and visitor centres. Kingsmen is also reputed for quality interior design works, and has carved a niche in the mid to up-market retail sector. To provide value-added services to clients, the Group offers integrated marketing communications services, enabling Kingsmen to function as a one-stop-shop solutions provider.
Kingsmen's reputation for creative and quality design and production works can be credited to its entrenched design-led, quality and service driven culture. Its ability to offer complete solutions to clients from design to production and marketing promotions is a competitive strength.

The Group has a long-standing base of clients including names such as Robinson & Co (S) Pte Ltd, DFS Venture Singapore (Pte) Limited, the Dickson Group, FJ Benjamin Holdings Ltd, Burberry Asia Ltd, Asian Aerospace Pte Ltd and Reed Exhibitions Pte Ltd. Its clients also enjoy overseas support from Kingsmen through its regional network and global connections.































Historical Price Data
 Date Open High Low Close
Volume  
 09 Dec 2005 0.140 0.140 0.105 0.125
5,000
 08 Dec 2005 - - - -
-
 07 Dec 2005 0.115 0.115 0.115 0.115
5,000
 06 Dec 2005 0.120 0.120 0.120 0.120
24,000
 05 Dec 2005 - - - -
-

Fundamentals
EPS ($) *
0.01399
NAV ($) **
0.1300
Dividend ($) ****
0.007000
PE
8.935
Price / NAV **
0.962
Dividend Yield (%) ****
5.600
Market Cap (M)
12.637
Par Value ($)
SGD 0.075
Issued & Paid-up Shares ***
101,094,000
52 Weeks High
0.170
52 Weeks Low
0.100
 
* 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 15/08/2005. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

Newsroom
11 Oct 2005 Incorporation Of Kingsmen Ooh-media Pte Ltd
06 Oct 2005 Agreement For Incorporation Of Kingsmen Ooh-media Pte Ltd
06 Oct 2005 Confirmed Contracts/Sales Achieved As At 30 September 2005
16 Aug 2005 Additional Information On Half Year Financial Statement Announcement For The Period Ended 30 June 2005
15 Aug 2005 Management Online Q&A With Investors



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