17 April 2006      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 MediaRing
210,586 
 Digiland
200,993 
 SSH Corp
125,985 
 Sing Tel
123,450 
 Frt Links W090303
122,534 
Weekly movement as at 13 April 2006
WEEK'S TOP GAINER
 Name
Price  
Chg 
 F&N
20.400 
+0.600
 ChinaFish
3.180 
+0.470
 KepCorp
14.400 
+0.400
 APB
10.300 
+0.350
 Bukit Sem
15.300 
+0.300
Weekly movement as at 13 April 2006

 
HEADLINES FOR THE WEEK
OCBC: Book Gain Of $260 Million In 3Q From Sale Of Kim Seng
Road Site
SembCorp: Utilities Unit Bags US$1.35 Billion Contract From Abu
Dhabi
SembMar: Subsidiary Jurong Shipyard Bags US$165 Million Rig
Deal
SGX: 3Q06 Net Profit Up 91% To $50.1 Million
CWT: Acquires 25% Stake In Thailand WHA Alliance For $3.06
Million
CSE Global: Clinched S$9 Million Contract From UK Meteorological
Office


Pan-United: Secured 3 Contracts Worth $45 Million From Land
Transport Authority
Thomson Medical: H1 Net Profit Up 18% To $3.3 Million
Labroy Marine: Secured US$34.6 Million Shipbuilding Contract
F&N: Forms JV With China Dairy To Build 92.1 Million Yuan Milk
Powder Facility In China, Xian
Albedo: IPO Offer Of 33 Million Shares At 22 Cents Each Was 7
Times Subscribed
China Hongxing: OCH-ZIFF Capital Management & CIM VII Ltd To
Invest $100 Million For 20% Stake
 
Notes From The Editor

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ListedCompany.com
Singapore . Thailand . Malaysia . Australia . China/HK

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HOT Off The Press

Kingsmen Confirmed Contracts/Sales
Achieved As At 31 March 2006

Kingsmen Creatives Ltd has achieved confirmed contracts/sales of approximately S$30.1 million for the financial year ending 31 December 2006 as at 31 March 2006.

For the Group's Exhibitions and Museums division, the more significant projects and events which will contribute to the Group's revenue for FY2006 include Asian Aerospace 2006, ITB 2006, TFWA Asia Pacific 2006, Travel Malaysia 2006, the year-round Sure Heboh 2006 event in Malaysia, as well as a series of event launches for Yamaha in both Malaysia and Vietnam. The Group will also be involved in the construction works of the National Museum of Singapore.

For the Group's Interiors and Design divisions, the more significant projects include those undertaken for DFS, Nokia, POSB, Marionnaud Perfumaries, Robinsons Group and Philip Electronics Singapore.

Kingsmen designs and produces exhibits for events, tradeshows, museums and visitor centres. [+]

Olam Establishment Of Joint Venture
Company In Indonesia


Olam International Limited has established a joint venture company in Indonesia known as PT. Agronesia Bumi Persada jointly with PT. Prinavin Lestari Pratama to be engaged in expanding further opportunities of sourcing and distribution of agricultural commodities from/into Indonesia which is an emerging global market for the products in Olam's portfolio.

The JV Partner is a private local trading and investment company with over a decade of experience in Indonesia.

The JV Company has an initial paid up capital of US$100,000. Olam holds 51% equity interest in the JV Company and will have management control of the JV Company.

Olam is a leading global integrated supply chain manager of agricultural products and food ingredients. [+]

Potential Acquisition Of A Substantial Interest In KS Energy Services Limited


Pacific Oilfields Equipment Investment Corporation, controlled by Mr Kris Wiluan, and his associates have in principle, and conditional upon the Securities Industry Council's ruling collectively agreed to enter into a put and call option with Kim Seng Holdings Pte Ltd to acquire 59,500,000 shares representing 29.98% of the pre-bonus issued share capital of the Company from Kim Seng Holdings Pte. Ltd. After the Acquisition, Kim Seng Holdings will retain a 9.52% stake in the Company.

Correspondingly, the Purchasers will after completion own an effective interest of 16.43% in Aqua-Terra Supply Co. Limited through the Company's 54.8% shareholding interest in ATS. ATS is a company incorporated in Singapore and is a subsidiary of the Company listed on the Singapore Securities Exchange Trading Limited Dealing and Automated Quotation System.

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

A-REIT Leased Or Renewed 39,835 Sqm Of Space


Ascendas Real Estate Investment Trust has renewed and signed new leases amounting to a total net lettable area of 39,835 sqm in the three months ended 31 March 2006. These leases represent 6.0% of the net lettable area of its multi-tenanted buildings and an annualised rental income of S$8.4 million for A-REIT.

Total new leases for the Period represented 14,625 sqm of net lettable space, of which 37% was in light industrial properties and 34% was in hi-tech industrial properties. The remaining 29% was in the other 2 asset classes - suburban space and logistics and distribution centres.

A-REIT's portfolio comprises 55% multi-tenanted buildings and 45% sale-and-leaseback properties based on portfolio value.

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

Aztech @ Hong Kong Electronics Fair 2006


Aztech Systems Ltd will be at the HKEF 2006 from 14th April to 17th April 2006. Aztech's latest range of products combines simplicity and style with conceptual brilliance. The company welcomes visitors to Booth 2H01/03, 2G02/04 (Hall 2) located at HK Convention and Exhibition Centre, Wanchai, Hong Kong.

The company will unveil a comprehensive product display with value-added, leading-edge design and technology. There will be presentation areas to show a variety of new developments and its existing line of products. In addition, there will be a live demonstration of the new products.

Aztech Systems Ltd is a multi-national company providing OEM/ODM design and manufacturing services, contract manufacturing and retail service. [+]

Eu Yan Sang Partners With Top Chefs To
Bring You The Spring Rejuvenation Dinner And High Tea


As the Premium Herb Partner for the 2006 World Gourmet Summit, Eu Yan Sang together with top chefs from Sheraton Towers will present a rejuvenating dinner and high tea using Chinese herbs.

Eu Yan Sang's "Spring - Rejuvenating Herbal Dinner" and Herbal High Tea will present special menus featuring the flavours, colours and tastes of Spring.

This is the third consecutive year that Eu Yan Sang is participating at the World Gourmet Summit.

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

SGX-listed Auric Pacific Group Announces
JV Deal To Acquire 29.9% In Leading Retailer Robinson and Company


The acquisition will be made by Red Oasis Pte Ltd, a joint venture company owned by Auric and Aaron Group Limited. Auric holds a 60% stake in Red Oasis while Aaron owns the balance 40%.

Red Oasis will buy the Robinsons stake from vendors Oversea-Chinese Banking Corporation Ltd, Orient Holdings Pte Ltd, The Great Eastern Life Assurance Company Ltd and The Overseas Assurance Corporation Ltd. Red Oasis will pay the vendors $203,073,299.90 or $7.90 per share of Robinsons for the 29.9% stake that represents 25,705,481 ordinary stock units in the capital of Robinsons.

Auric Pacific Group is a leading distributor of fast-moving consumer food and non-food products with operations in Singapore, Malaysia, Indonesia and China. [+]

 



Noble Group Concludes Next Ethanol
Project


Noble Group has announced the financial closing of the first ethanol plant being built by Gateway Ethanol LLC, an ethanol project development company based in Kansas.

The 55 million gallon plant located in Pratt, Kansas is expected to reach mechanical completion by May 2007 and commercial production by July 07. Gateway Ethanol LLC is a company comprised by established industrial and business investors and the plant will be engineered and built by Lurgi PSI, based in Memphis, TN.

The Gateway plant will be the largest ethanol plant in Kansas and will incorporate the latest technology to ensure it is a state-of-the-art, environmentally friendly plant.

Noble, also an equity investor with a USD 2 million participation, will market the entire ethanol plant production.

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

Gulf Of Thailand Update - PEARL Energy Completes Jasmine-12A & Jasmine-12C Exploration Wells

Jasmine-12A was drilled to test an exploration prospect situated 1.7 km to the northwest of the Jasmine DEL-10A exploration well completed in May 2005. Jasmine-12A was drilled to a total measured depth of 6193 feet and preliminary well logs indicated that it intersected approximately 266 vertical feet of net oil-bearing sandstones in 14 reservoir intervals with multiple oil/water contacts as interpreted from well data. The well was plugged and abandoned as an oil discovery on 6 April 2006.

Jasmine-12C was drilled directionally from the same surface location as Jasmine-12A to a total measured depth of 6,276 feet with a bottomhole location 740 metres away from the Jasmine-12A bottomhole location. Preliminary well logs indicated that the well intersected approximately 62 vertical feet of net oil-bearing sandstones in two reservoir intervals with multiple oil/water contacts as interpreted from well data. The well was plugged and abandoned as an oil discovery on 10 April 2006.

PEARL is a Singapore-based oil and gas company engaged in the exploration, development and production of oil and gas exclusively in Southeast Asia. [+]

Global Voice Launch Of Up To EUR 40Mil Convertible Bonds Due 2011


Global Voice Group Limited has entered into a subscription agreement with DBS Bank Ltd in relation to the issue by the Company of the aggregate €35 million in principal amount of the convertible bonds due 2011 on the Terms and Conditions and the Company has further granted an oversize adjustment option to DBS to subscribe for up to an additional €5 million in principal amount of the Convertible Bonds.

DBS has been appointed the sole lead manager and bookrunner for the Offering.

Each Convertible Bond will be convertible at the option of the holder into fully paid new equity shares of the Company at an initial conversion price of S$0.200 per share with a fixed rate of exchange on conversion of S$1.9436=€1.00.

Global Voice Group Ltd. owns and operates unique highly secure optical fibre networks and duct infrastructure across 14 leading European cities. [+]

Ezra Net Profit More Than Triples, Proposes 1-for-5 Bonus Issue


EZRA Holdings Limited announced a more-than-tripling of its first half ended 28 February 2006 net profit to $34.1 million from $9.2 million in 1HFY05. Group EPS rose 220% to 15.35 cts from 4.79 cts on a 62% higher Group revenue of $36.4 million.

The Offshore Support division's revenue doubled to $30.6 million from $15.5 million year-on-year on contributions from five anchor handling vessels, four of which were operational for the full six month period in 1HFY06, and better rates for new charters.

Ezra Holdings is an integrated solutions provider supporting the offshore oil & gas industry, mainly in South East Asia. [+]

Aztech @ China Sourcing Fair 2006


Aztech Systems Ltd will be at the CFS 2006 from 15th April to 18th April 2006. Aztech's latest range of products combines simplicity and style with conceptual brilliance. The company welcomes visitors to Booth 8E02 (Hall 8) located at AsiaWorld-Expo, Hong Kong International Airport, Lantau, Hong Kong.

The company will unveil a comprehensive product display with value-added, leading-edge design and technology. There will be presentation areas to show a variety of new developments and its existing line of products. In addition, there will be a live demo for the new products.

Aztech Systems Ltd is a multi-national company providing OEM/ODM design and manufacturing services, contract manufacturing and retail service. [+]

A-REIT's FY 2005/06 Distributable Income Of 11.68 Cents Per Unit Is 22.2% Above Prior Corresponding Period


Highlights:

•  Distributable Income per unit of 11.68 cents for FY 2005/06 is 22.2% above prior corresponding period of 9.56 cents.

•  Net property income of S$173.6 million is 81% above prior corresponding period of S$96.1 million.

•  Gross revenue of S$227.2 million is 76% above prior corresponding period of S$129.0 million.

•  Distributable Income per unit for 4Q FY2005/06 of 2.92 cents to be paid on 26 May 2006.

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

Fabchem China's IPO 12.5x subscribed


Fabchem China Limited IPO invitation has been 12.5 times subscribed. The 59,000,000 invitation shares, priced at S$0.32 each, comprise 1,500,000 public offer shares and 57,500,000 placement shares. Placement shares comprise 57.3 million placement shares and 0.2 million reserved shares, reserved for its Independent Directors and employees.

Leading financial institution Invesco Hong Kong Ltd and prominent investor Tommie Goh of 2G Capital have been allocated 2.95 million and 6.2 million placement shares respectively.

Fabchem is one of the leading manufacturers of commercial explosive products in China. [+]



CEO's Walk The Talk

"..On behalf of all my fellow directors and colleagues in KS Energy, I warmly welcome Mr Kris Wiluan who will be joining our Board. Mr Kris Wiluan's vast experience and expertise in the oil and gas industry in Indonesia and the region will be highly beneficial to the Company in its next phase of growth..."
Mr Chew Thiam Keng
Chief Executive Officer
KS Energy Services Limited



Highlighted Company


POPULAR is making fast and extensive inroads into the Greater China market, especially in China and Taiwan. We have marketing offices / subsidiaries in Beijing, Shenzhen, Guangzhou and Taipei. Our business activities cover many major cities and provinces in China.

POPULAR has the network, content and the platform, to grow our business and expand into new products, markets and businesses. The synergy between our three core businesses enables us to be the Edu-Channel of East Asia :

 • Retail & Distribution
Our established book retail network has grown into a Central Clearing House for both English and Chinese books in the Asia Pacific region. The retail, through its extensive network, gathers information on customer preferences and offers direct market access to millions of ready customers for our publishing and e-learning business.
 • Publishing
Armed with our vast content library and publishing resources, our publishing supports the retail & distribution, as well as the e-learning business. Publishing provides them with relevant, unique and excellent contents with highly scalable contents and coupled with our regional presence, we aim to be the largest and most innovative publisher of bilingual books.
 • e-learning
This dynamic member has brought retail & distribution and publishing to new heights. It enhances our existing products, and has expanded our presence to many new territories through strategic acquisitions to form the e-learning consortium. This consortium has best of the breed e-learning products as well as the platform to move these products to new markets.

We are constantly looking for strategic partners who have the synergy to enhance our existing strength.































Historical Price Data
 Date Open High Low Close
Volume  
 13 Apr 2006
0.410
0.410
0.410
0.410
347,000 
 12 Apr 2006 0.410 0.410 0.405 0.410
86,000 
 11 Apr 2006 0.405 0.410 0.405 0.410
200,000 
 10 Apr 2006 0.410 0.410 0.405 0.410
408,000 
 07 Apr 2006 0.410 0.410 0.410 0.410
55,000 

Fundamentals
EPS ($) *
0.02357
NAV ($) **
0.3065
Dividend ($) ****
0.012000
PE
17.395
Price / NAV **
1.338
Dividend Yield (%) ****
2.927
Market Cap (M)
184.500
Par Value ($)
SGD 0.100
Issued & Paid-up Shares ***
450,000,000
52 Weeks High
0.450
52 Weeks Low
0.330
 
* 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 14/02/2006. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

Newsroom
12 Apr 2006 Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest
12 Apr 2006 Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
04 Apr 2006 Capitalisation Of Loan In Popular UK Pte Limited
13 Mar 2006 Registration Of Popular Kids Co., Ltd, Banciao Branch And Kaosiung Branch
13 Mar 2006 Third Quarter Financial Statement And Dividend Announcement



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