Kingsmen Creatives Ltd has achieved confirmed contracts/sales of approximately S$45 million for the financial year ending 31 December 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 National Museum of Singapore, Asian Aerospace, ITB, TFWA Asia Pacific, Travel Malaysia, Arabian Travel Mart, Farnborough Airshow, National Day Parade setup, the yearround Sure Heboh event in Malaysia, as well as a series of event launches for Yamaha in both Malaysia and Vietnam.
For the Group's Interiors and Design divisions, the more significant projects include those undertaken for DFS, Nokia, POSB, Marionnaud Perfumaries, Robinsons Group, Performance Motors, Eu Yan Seng, Wing Tai, Philip Electronics Singapore and various fit-out projects at Vivo City from our regular/recurring customers.
Kingsmen Creatives Ltd designs and produces exhibits for events, tradeshows and even museums and visitor centres. [+]
• Net profit rises due to increased orders and better cost efficiencies.
• Records lower revenue but higher margin due to switch from "buy-sell" to "consignment" basis for several key products.
• Diversifies into new product segments and develops new business opportunities with strategic partners.
• Expects stronger 2H06 performance with increasing orders from wireless communications sectors and commencement of programmes in new product segments.
Jurong Technologies is a leading regional provider of Electronics Manufacturing Services solutions. [+]
• Group turnover increased 47.9% to S$178.9 million year-on-year.
• Group net profit rose marginally at 4% to S$5.2 million (including MPT's employee share option expense of S$2.3 million) from S$5 million year-on-year.
• MSF's net profit rose 6.2 times to S$3.6 million year-on-year.
• MPT's net profit improved 12% to S$4.5 million (excluding MPT's employee share option expense of S$2.3 million) year-on-year.
• Suspension shipments of 84.7 million units during seasonally slower quarter, up 30% year-on-year
Magnecomp International Limited performs precision metal stamping, commercial tool & die and component assembly in Mansfield Manufacturing Company Limited for a variety of customers worldwide primarily in the Consumers Electronics, Office Automation and
Automotive industries. [+]
Olam International Limited reported a Net Profit After Tax of S$61.9 million for the nine months ended March 31, 2006, reflecting a 30.3% increase over the corresponding period of the previous year.
This strong improvement in earnings is the result of robust growth in both Sales Volumes and higher Net Contribution across all the four business segments.
Earnings per share for Q3 FY2006 grew by 9.8% to 2.01 cents while for 9M FY2006, EPS grew 0.8% to 3.98 cents. It must be noted that the percentage EPS growth is on an enlarged capital base as a result of Olam's IPO in 2005.
Olam is a leading global integrated supply chain manager of agricultural products and food ingredients, sourcing 14 products directly from more than 40 origin countries and supplying them to over 3,300 customers in more than 50 destination markets. [+]
Luzhou Bio-chem Technology Limited 3-month financial period ended March 31, 2006 recorded a 367.1% increase in net profit to RMB24.8 million, up from RMB5.3 million recorded in the previous corresponding period.
This impressive bottomline performance was achieved on the back of a 39.6% increase in revenue from RMB212.0 million to RMB296.0 million during the period under review.
In 1QFY06, the Group continued to enjoy greater economies of scale in its operations, given an increase in production output of corn sweeteners. The Group also saw higher average selling prices of corn sweeteners during the quarter under review. As a result, the Group's gross profit margin increased from 14.3% in 1QFY05 to 20.5% in 1QFY06.
Luzhou Bio-chem Technology Limited is a leading corn refiner and one of the largest producers of corn sweeteners in the PRC. [+]
CAO posted a net profit of S$342.2 million in the first quarter. Whilst the majority of this profit was due to the effects arising from the restructuring exercise, the Company's organic business has recorded growth. CAO reported a gross profit of S$5.2 million in the quarter, a 69.5% rise from the S$3.1 million reported for January-March 2005.
Procurement volumes during the quarter were up significantly, reaching 922,000 metric tonnes, or 68% higher than the 548,000 metric tonnes delivered in the first quarter of 2005. This led to revenue - representing commission income generated by CAOT - reaching S$5.3 million, up 71.2% over the comparable prior period.
The restructuring had an equally dramatic effect on the Balance Sheet of CAO. Total liabilities reduced from S$1 billion at 31 December 2005 to S$244.8 million at 31 March 2006. Total equity improved significantly to S$147.2 million at 31 March 2006.
China Aviation Oil (S) Corp Ltd is a Singapore-headquartered, multinational investment and oil infrastructure company. [+]
Wholly owned subsidiary, Technics Offshore Engineering Pte Ltd has secured a S$5.0 million contract from J. Ray McDermott Asia Pacific Pte Ltd for the engineering, procurement and construction of critical production equipment which includes pressurized production separators and scrubbers for the use in an oil field development project.
Technics Oil & Gas Limited provides a comprehensive range of process equipment, including gas compression packages, and support services to the Oil & Gas industry in Asia Pacific. [+]
Novena Holdings Limited had entered into a Subscription Agreement with Apex-Pal International Ltd. to subscribe for 14,200,000 new ordinary shares representing 10% of the enlarged issued share capital of Apex-Pal immediately after completion of the Subscription.
The principal activities of Apex-Pal consist of the business of operating restaurants, kiosks and cafes, trading and operating as caterer and franchiser.
The aggregate cash consideration for the Subscription payable on Completion is S$3,635,200, at S$0.256 per Subscription Share.
Novena is a well-established consumer lifestyle group in the furniture and beauty industry. [+]
Ruben Capital Ventures Ltd has executed a Sale & Purchase Agreement with Boo Hee Chiang to acquire in the aggregate 29,500,000 ordinary shares in the capital of Sembawang Music Holdings Limited from Messrs BHC , Sin Seo Lian , Boo Mui Lee and Sin Seo Cheng.
The aggregate consideration for the Acquisition is S$6,490,000.00 or S$0.22 per Sale Share. Upon completion of the Acquisition, the Offeror will own an aggregate of 29,500,000 ordinary shares in the capital of Sembawang representing approximately 55.01% of the voting rights of Sembawang.
The Offeror is a company incorporated in the British Virgin Islands and is owned by Tan Pong Tyea, a Singapore citizen and by Cai Wenxing, a Singapore Permanent Resident of Chinese nationality. Tan Pong Tyea is for the time being the sole director of the company. He has been in the marine sector of the offshore oil and gas industry for the last 20 years. Cai Wenxing has been in the oilfield business for the last 10 years.
Sembawang Music Holdings Limited is the largest music and visual products retail chain store operator by number of stores in Singapore. [+]
• In-house brand AKIRA posts 11.2% growth in turnover to S$300.7 million, accounting for 44.3% of consumer electronics sales.
• Group gross margin after freight and handling charges increases by 1.8 percentage point due to higher AKIRA sales and emphasis on distribution business.
TT International is an Asian MNC with strong expertise in penetrating into emerging markets worldwide. [+]
• Acceptance of research project by PRC's Ministry of Science & Technology.
• Company plans to patent the new biochemical technology and apply it to future selected municipal projects.
Asia Water Technology Ltd. is a Singapore company engaged in the total engineering solutions for water purification and wastewater treatment systems. [+]
Memory Devices Limited announced a 59% leap in year-on-year sales to US$64.98 million in the first quarter ended 31 March 2006, driven by strong demand in Flash and DRAM despite solid state memory products prices remaining very competitive. Net profit for 1Q06 rose 49% to US$3.04 million.
Both DRAM memory modules and Flash memory products posted double-digit growth in 1Q06. All regions showed double-digit growth in sales, with sales in the Asian market driving the growth.
Memory Devices Limited engages in the research and development, manufacture and sale of solid state memory storage products for use in personal computers, laptops, servers, and networks as well as a wide array of consumer electronics (such as mobile phones, digital cameras, PDAs), industrial, and communications applications. [+]
• Sees maiden contribution from oilfield services.
• Cambodian oilfield service to start contributing in second half.
• Balance sheet remains strong with net cash holding of RMB131.8 million.
China Petrotech Holdings Limited is a leading technology-based oilfield services provider operating mainly in China. [+]
• Achieves top-line growth across all three business segments.
• Benefited from efforts to streamline investments and sharpen focus on moving up the value chain in core businesses.
• Volume ramp of new and existing HDD programmes to continue in 2Q06; EMS operations on course for a better performance in FY 2006.
Seksun Corporation Limited is principally engaged in the manufacture of Metal Components, Precision Metal Stamping, tool and Die-making for Consumer Electronics, Computer Peripherals and tele-communications industries. [+]
Subsidiary Tiong Woon (Huizhou) Industrial Services Co., Ltd has been awarded its first wind farm project for Dongshan Wujiaowan Wind Power Project which is located in Fujian Province, People's Republic of China.
Under this project, TWHZ is responsible to supply its 500-ton heavy crane for heavy lift and installation works for about 15 wind mills, which will have a total installed electricity capacity of 30 megawatts. Upon completion, the existing wind farm is expected to generate 80,000,000 kilowatts hours of wind power annually which represents one half of the power consumption in Dongshan County, Fujian Province.
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. [+]
• Strong orders from globally-renowned customers in response to the Group's enhanced supply chain & integrated manufacturing capabilities.
• Turnover grew 32.3% to S$84.3 million.
• Profit before income tax climbed 28.8% to S$3.4 million.
• Positive outlook for FY2006.
Ocean Sky is the partner of choice in the apparel supply chain services. [+]
ChinaCast Communication Holdings Limited reported significant increases in first quarter revenue and profit attributable to shareholders after minority interest.
Combined first quarter revenue of the Group and that of ChinaCast Co., Ltd and ChinaCast Li Xiang Co., Ltd amounted to RMB50.5 million, growing by over 46% against the same period last year. This increase is due to the continued robust growth in PRC's e-learning business particularly in the provision of post secondary distance learning services.
ChinaCast's strong performance in the first quarter is due to the continued strong growth in post-secondary distance learning services. University enrolment using ChinaCast distance learning platform has continued to grow. ChinaCast currently has 14 revenue generating university partners. More universities are expected to commence enrolment activities in the coming quarter.
ChinaCast provides satellite-based broadband IT and telecom solutions to educational institutions, government agencies, Fortune 500 enterprises and multinational companies throughout the PRC and is today PRC's leading satellite distance learning services group. [+]
Inter-Roller Engineering Limited had acquired two investment properties through its wholly owned subsidiary companies. One floor of office space with total floor area of 1,336 square metres in Suntec Tower One was acquired for S$12.2 million and one floor of office space with total floor area of 562 square metres in The Octagon was acquired for S$3.8 million.
Total cost of investment was S$16.7 million, including other incidental costs such as stamp duty and legal fees. The acquisitions were financed by a long-term secured bank loan of $5 million and by internal funds of $11.7 million.
The open market value of the Suntec Tower One property was $15.6 million and the open market value of the Octagon property was S$4.1 million. The Group views the purchase of the two properties as an investment opportunity for both rental yield and potential capital appreciation.
Inter-Roller Engineering Limited is an international engineering corporation listed on the Singapore Stock Exchange. [+]
Popular Holdings Limited had entered into an agreement with the owners of eight residential units at 1 Robin Road, Seng Mansion, Singapore to collectively purchase their properties at a total consideration of S$12.5 million. The Property has a land area of 15,070 square feet and has a potential for redevelopment into a new apartment block with a total gross floor area of about 30,000 square feet.
The purchase price of S$12.5 million was arrived taking into account various commercial factors including the development potential and location of the Property.
The open market valuation of the Property is S$12.5 million, based on a valuation done by Chesterton International Property Consultants Pte Ltd on 10 May 2006.
Popular engages in retail & distribution of books, publishing and e-learning. [+]
• New Formulation - OTong®, a natural drug, obtains New Drug Approval and a three-year protection on sole manufacturing rights and sales in the PRC.
• Proven safe and effective in treating joint and muscle pain induced by Rheumatism, Arthritis, Ankylosing Spondylitis and Fibromyalgia; targets at over 100 million patients in China.
• Potential as OTC drug to relieve pain caused by strains and soft-tissue injury.
AsiaPharm Group Ltd. is a leading specialty pharmaceutical group in the People's Republic of China focusing on the research and development, production and sale of natural drugs and drug delivery systems. [+]
Wholly owned subsidiary in the People's Republic of China, Shaanxi Zhonghui Environmental Conservation Co., Ltd., has secured a RMB 30 million turnkey contract with Lan Tian County Environmental Conservation Bureau in the Shaanxi Province, PRC in respect of the provision of technical advisory, project planning & design and installation services for an 150 tonnes/day integrated municipal solid waste treatment plant.
Zhonghui Holdings Ltd. provides a suite of waste management systems solutions that include technical advisory services, design, supply, delivery, installation, commissioning and after sales support. [+]
Raffles Education Corporation Limited has signed a letter of offer to acquire PATH Education Group Pte. Ltd, a leading regional specialist education provider of applied psychology and information technology.
The Group will acquire all shares of PATH from its current shareholders for an estimated maximum aggregated purchase consideration of S$15.0 million. This represents 5.357 times of PATH's estimated net profit after tax of S$2.8 million for the year ending 31 December 2006.
RafflesEducationCorp is one of Asia's leading creative design and management education groups. [+]
• Institutional investors purchase 54.6 million share of expanding steel processor in the open market at $0.82 a share.
• Non-executive Chairman divests stake to diversify personal portfolio.
FerroChina is a manufacturer of heavy gauge galvanised steel coils, with zinc concentration layers. [+]
"..I am delighted that we have achieved another significant milestone for TWC as we will be embarking into securing more environmental friendly power projects such as wind power, hydro power or nuclear power plants. The award of this project by an established power construction company is a firm recognition of TWC's expertise in specialized heavy lifting and equipment installation services for Oil & Gas, Petrochemicals and Power industries..."
Mr. Ang Kah Hong
Group Chairman and Managing Director
Tiong Woon Corporation Holding Ltd.