03 January 2006      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 UniFiber
53,083 
 DBS DB eCW060403
44,545 
 Celestial
42,618 
 Sing Tel
40,977 
 Gen Int
40,763 
Weekly movement as at 30 December 2005
WEEK'S TOP GAINER
 Name
Price  
Chg 
 SIA
12.400 
+0.500
 SIA 200
12.400 
+0.500
 WBL Corp
4.880 
+0.480
 JMH 400US$
17.200 
+0.400
 F&N
18.500 
+0.400
Weekly movement as at 30 December 2005

 
HEADLINES FOR THE WEEK
OCBC: OAC To Divest 8.6% Of Straits Trading
SGX: Appoints New Chief Financial Officer
CSE: Wins S$30.3 Million Project To Deploy System Across
London


Federal: Placing Out 42 Million New Shares At 33 Cents Each
Metro: Takes 315 Million Yuan Stake In Beijing Mall
Hongwei: Begins Production Of Polyester Padding Cotton Products
Bt Sembawang: Buys Carlton Terrace Along Holland Road For
$49 Million
 
HOT Off The Press

OSIM Acquisition Of Affiliate OSIM (Shanghai) Co., Ltd

Following the acquisition, OSIM Shanghai was renamed OSIM (China) Co., Ltd. The People's Republic of China is one of the key markets of the Company and has been contributing positively to the Company's growth and profitability.

This restructuring will give the Company direct control of 182 OSIM outlets in 34 cities in China. It enables also a proper corporate governance and finance structure, which helps consolidate the Company's activities in the People's Republic of China. This will facilitate the development of the OSIM healthy lifestyle brand in China and help gain a strong foothold in one of the world's largest consumer market.

The Net Asset Value of OSIM China as at 30 November 2005 was RMB 7,940,295.

OSIM is a global leader in branded healthy lifestyle products. [+]

Karin Technology Secures Distribution Rights For Apple And Advanced Digital Information Corporation's Products

The Group's wholly owned subsidiary Compucon Computers Limited has secured the distribution rights for Apple's Xserve RAID, Xserve G5, iBook, cinema display and Mac mini products in Hong Kong.

In addition, CCL has also been appointed as the authorized distributor of Advanced Digital Information Corporation; the foremost global supplier of solutions for protecting and managing business-critical data. As the industry's largest producer of tape libraries, ADIC provides protection and security of data assets for multi-national companies in Hong Kong. These MNCs include Disney, Sony, and Yahoo.

Delivery of these products have commenced from first half of the FY 2005/2006

Karin Technology Holdings Ltd. is an electronic components and computer products distributor and out-sourcing service provider. [+]

Portek Secures New Orders Worth S$17 Million Around The Globe

The latest round of major orders involving works in Egypt, Panama, France, Philippines and Vietnam includes:

• Upgrading and modernisation of a quay crane in Port Said, a major Egyptian port located at the mouth of the Suez Canal facing the Mediterranean Sea.

• Modernisation of 10 rubber-tyred gantry cranes at the Panama Ports of Cristobal and Balboa, part of Hutchison Port Holdings, following equipment mobilisation and supply projects undertaken earlier this year.

Sale and delivery of 4 RTGs to Vietnam International Container Terminal, another repeat customer.

• Repair and re-commissioning of a linkspan in the French Port of Dunkerque.

• Lease of 3 straddle carriers to a terminal operator in Philippines.

• Various technical services and supply contracts related to projects in PSA Corp.

• Supply of generator sets in various applications.

Portek Group is a turnkey provider of equipment, services and solutions for the global port industry, as well as an operator of container and bulk terminals. [+]

Auric Pacific En-Bloc Acquisition Of 327 Bukit Timah Road Bukit Timah Mansions

The acquisition of Bukit Timah Mansions by Auric Pacific Property Development is at the purchase price of S$15,400,000.

Bukit Timah Mansions faces Bukit Timah Road and is situated between Balmoral Road and Keng Chin Road. It is a 7-storey apartment block and has a total of 10 units. Each of the 8 units on the second to fifth storey has a floor area of 138 square meters. Each of the 2 units on the sixth and seventh storey has a floor area of 286 square meters. The total floor area for all the units is 1,676 square meters. The facilities available are a swimming pool and parking lots.

The Company has been keen to diversify its existing core business and improve the profitability of the Group by moving into property investment, development, management and services and other related activities whether in Singapore or overseas as an additional business independent from its existing core business of food manufacturing, wholesale distribution of food and allied fast-moving consumer goods and investment holding.

Auric Pacific Group is in the business of distribution, manufacturing and investments with operations in Singapore, Malaysia and China. [+]

Tiong Woon Acquisition Of Additional 10% Equity Stake In The Share Capital Of Tiong Woon China Consortium Pte Ltd

Tiong Woon Corporation Holding Ltd has entered into an agreement with Federal International (2000) Ltd to buy a 10% equity interests in the capital of Tiong Woon China Consortium Pte Ltd.

TWCC is a joint venture company between the Company (65%), Rotary Engineering Limited (25%) and Federal (10%). The principal activity of TWCC is to provide heavy equipment installation, heavy transportation, rental of equipment and related advisory services for infrastructure projects in China.

Upon completion of the abovementioned transaction, the Company will have a total of 75% equity interest in TWCC. The rationale for the above transaction is to streamline the Company's operations, strengthen the Company's stake in TWCC and to improve its effectiveness in ensuring growth and expansion in this business segment.

The total consideration payable by the Company for the acquisition is S$1,574,011 taking into consideration the net tangible assets as of 30 November 2005.

Tiong Woon Corporation Holding Ltd is a specialist and total integrated services provider in heavy lift, heavy haulage and marine transportation mainly serving the Oil & Gas, Petrochemical and Power industries. [+]

 
Asian Micro Capacity Expansion For Plastics Recovery In Singapore

Wholly owned subsidiary, World Plastics Recovery Pte Ltd has on 27th December 2005 signed and accepted the "option to purchase" of a factory of 80,000 square feet on a 140,000 square feet land to cater for the rapid expansion of World Plastics. The Company has recently obtained the clearance from relevant governing authorities for the usage of the premise.

World Plastics is currently carrying business activity in its rented factory in Tuas and Senoko. In view of its continuous increase of production volume and anticipation of substantially higher revenue and new contracts, the acquired premise will become second plastics recovery site for World Plastics and will ultimately be transformed to be main recovery centre and administration office of World Plastics.

Asian Micro engages in the recycling of precision trays and media/disk cassettes, pallets, foam packaging boxes used in HDD industry to help customer on cost saving and re-use of packaging materials. [+]

Ezra In S$14.4M Deal To Strengthen Position In Offshore Support Services Business

Wholly owned subsidiary HCM Logistics Limited has acquired a 30% stake in Uni-Bulk Holdings Pte Ltd from Eastern Bulk Limited for S$14.4 million.

Uni-Bulk is a marine support company specializing in the provision of marine solutions. This involves the planning, management and transportation of high value Pre- Assembled Modules and Semi-Assembled Modules for infrastructural and oil and gas projects mainly in the Asia Pacific region. Its customers are mainly multinationals corporations involved in large infrastructure developments such as refineries, smelting plants, processing plants and port facilities.

The purchase price will be satisfied by the issue of 9.6 million new ordinary Ezra shares at S$1.40 apiece and S$0.96 million in cash.

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

Samudera Proposed Bonus Issue Of Shares

The bonus issue consists of up to 89,855,200 new ordinary shares of S$0.10 each in the capital of the Company, on the basis of one Bonus Share credited as fully paid for every five existing ordinary shares held by the shareholders of the Company.

The Proposed Bonus Issue will be effected by capitalizing up to $8,985,520 from the share premium account of the Company and applying the same towards payment in full at par for the Bonus Shares to be issued.

Samudera is a regional container shipping line serving the Middle East and the Indian Subcontinent in the west, South East Asia and Indo-China at the center and the Far East to the north. [+]

OSIM Close Of Offer For Global Active Limited

As at 3.00 p.m. on 29 December 2005, the Offeror has received valid acceptances amounting to 33,705,863 Shares representing approximately 14.04% of the issued share capital of Global Active Limited.

The aggregate of the Shares in respect of which acceptances have been received and Shares held by the Offeror before the Exit Offer was made is 194,922,390 Shares representing 81.22% of the issued share capital of Global Active Limited.

OSIM is a global leader in branded healthy lifestyle products. [+]

Incorporation Of Tung Lok India And Announcement Of first Management Contract With ITC For Restaurant In New Delhi

Tung Lok Restaurants (2000) Ltd has incorporated a 70%-owned subsidiary known as Tung Lok India Ltd to handle expansion of its restaurant-related business in India.

NUR Investment and Trading Pte Ltd will have a 30%-stake in TLI, which is incorporated in the British Virgin Islands and having an authorised share capital of US$50,000. TLI's activities will include development of restaurant-related business opportunities in India.

TLI has entered into a management contract with ITC Limited, an Indian conglomerate that has one of the largest hotel chains in India, to manage a Chinese cuisine restaurant, under Tung Lok's brand name of "My Humble House", at ITC's Hotel Maurya Sheraton & Towers in New Delhi.

The ITC Maurya Sheraton, owned and managed under ITC's hospitality business division, is one of its flagship prestigious hotels in India. It will operate a 100-seat My Humble House restaurant at its premises in the Indian capital city.

TLI will provide planning, consultancy and training of chefs and managers, prior to the launch of the restaurant. Thereafter, TLI will be involved in consultation with the management of ITC Maurya Sheraton for the planning and operation of the restaurant.

Tung Lok Restaurants (2000) Ltd is Singapore's leading innovative restaurant chain. [+]







CEO's Walk The Talk

"..The two businesses are complementary and offer good synergies as Uni-Bulk will be able to tap HCM Logistics' support base in Vietnam. The deal enhances Ezra's position as a leading services provider of offshore support services in the region..."
Mr Lionel Lee
Managing Director
Ezra Holdings


Highlighted Company

Established in 1977, Karin is a diversified and value-added electronic components, IC software and IT infrastructure solutions provider with operations in Hong Kong and the PRC. The Group has three core business segments: - Components Distribution, IC Application Design and IT Infrastructure.
  • Under its Components Distribution business, the Group distributes and trades a wide range of electronic components, industrial materials and components such as ICs, connectors, semi-conductors, cables and power semi-conductors.

  • For its IC Application Design segment, the Group provides value-added services such as the customization of IC software application design solutions for performing specific functions such as voice articulation, power reduction, speed control as well as alpha numeric display as required by its customers. These functions are commonly required for the production of a wide range of products such as educational toys, musical instruments, keyboard controllers, LCD controllers, speech controllers and remote controllers.

    The Group is also pro-active in generating demand for the components under its distributorship. Through partnerships with customers and suppliers, the Group develops prototypes, reference designs (for electronic circuit designs used in final product designs) and development kits (which include hardware and software platforms to test, develop, modify and improve product design). In addition, the Group also provides technical advisory services to its customers in relation to product designs to improve the functionality of their products.

  • The Group's IT Infrastructure segment provides computer data storage management solutions such as Storage Area Network ("SAN"), Network Attached Storage ("NAS") and Direct Attached Storage ("DAS"). These solutions provide the Group's customers with reliable, efficient and secured environments to control and administer data processing within their internal network. These solutions include computer data storage management software, backup automation software, online data replication software, data security management software and other computer products such as desktop and notebook computers, monitors and printers.

    The Group has been an authorized distributor for Compaq options products and Compaq storage management solutions in Hong Kong since 1996 and 1999 respectively. In 2002, the Group was appointed by Sun Microsystems as an iForce System Provider and Local Strategic Provider for the distribution of their computer products and solutions. The Group also has distributorship arrangements with leading corporations such as EMC (Benelux) B.V., Nokia, Inc. and BEA Systems HK Limited.






























Historical Price Data
 Date Open High Low Close
Volume  
 30 Dec 2005
-
-
-
-
 29 Dec 2005 0.115 0.115 0.115 0.115
160,000
 28 Dec 2005
-
-
-
-
 27 Dec 2005
-
-
-
-
 23 Dec 2005
-
-
-
-

Fundamentals
EPS ($) *
0.02727
NAV ($) **
0.1425
Dividend ($) ****
0.005069
PE
4.217
Price / NAV **
0.807
Dividend Yield (%) ****
4.408
Market Cap (M)
23.230
Par Value ($)
HKD 0.100
Issued & Paid-up Shares ***
202,000,000
52 Weeks High
0.195
52 Weeks Low
0.105
 
* 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 29/08/2005. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

Newsroom
28 Dec 2005 News Release
11 Oct 2005 Resolutions Passed At The Annual General Meeting
03 Oct 2005 Response To SGX Query On the Annual Report For The Financial Year Ended 30 June 2005
23 Sep 2005 Notice Of Annual General Meeting
29 Aug 2005 Full Year Financial Statement And Dividend Announcement





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