26 June 2006      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 FHTK
270,052 
 Sing Tel
123,448 
 Hengxin
103,761 
 Pac Cent
92,943 
 Biosensors
88,646 
Weekly movement as at 23 June 2006
WEEK'S TOP GAINER
 Name
Price  
Chg 
 Shang Asia 2kHK$
14.700 
+0.700
 APB
10.500 
+0.600
 Ho Negara
5.350 
+0.510
 China Hong
1.390 
+0.230
 Bukit Sem
15.200 
+0.200
Weekly movement as at 23 June 2006

 
HEADLINES FOR THE WEEK
Youcan Foods: Launched Ice-Cream Products In Singapore Priced From $1 - $1.60 Each
Labroy: Clinched 4 Shipbuilding Contracts Worth US$54.3 Million
Hiap Seng: To Buy Tuas Crescent Property For $5.5 Million
Nokia Siemens: To Merge Telecom Equipment Units With Annual Revenue Of 15.8 Billion Euros
UOL: Bought Over UOB 54.5% Stake In Hotel Negara For $73.3 Million


KeppelSTX Pan Ocean: Form JV With Dubai-based ETA Star To Tap
Arabian & Indian Ocean Markets
Yanlord Land: IPO Raised $261 Million With Public Offer 2.6 Times
Subscribed
MediaRing: Raised Takeover offer For Pacific Internet From US$8.25
To US$9.50 Per Share
SGX: Accepts Listings Of Global Depository Receipts GDRs
STATS ChipPAC: JV With China Resources Logic In Wuxi Involving
Testing & Assembly
 
Promotions @ ShareInvestor

Books
Get books like "Be an Entrepreneur (2nd Edition)", "Investing in the Stock Market - The ShareInvestor Way (2nd Edition)" and more at never seen before prices now. Be enriched and bewitched. Click here to find out more!






iOCBC Trading Link
For convenient & direct trade execution

Sign up with OCBC Securities now and enjoy free iMatrix when you trade on iOCBC

For New Clients Only... Enjoy 2 months free access of iMatrix when you open a trading account with OCBC Securities Trading account and execute 3 trades within the Promotion period

Trade more and get more rewards! Click here for more details.

HOT Off The Press

Adampak Appoints Financial PR As Its Investor Relations Firm


Adampak Limited has appointed Financial PR Pte Ltd as its investor relations firm. It is one of the measures Adampak have taken as part of its commitment to communicate more frequently with the investment community so as to educate the investors about the growth prospects of the company.

In addition, the Group has also engaged Shareinvestor.com to manage its online investor relations requirements.

Adampak Limited commenced operations as a label converter in 1979, producing customized labels for companies in the manufacturing industry in Singapore. [+]

Biosensors Named Among 50 Companies To Watch In US Medical Device And Diagnostic Industry Publication


Biosensors International Group, Ltd. has been named one of "Medical Device and Diagnostic Industry" magazine's 50 companies to watch. MD&DI is a monthly magazine published in the United States, written for original equipment manufacturers of medical devices and in vitro diagnostic products.

MD&DI cited Biosensors' innovative biodegradable-polymer drug-eluting stent as one of the reasons for the Company to be watched. Other companies included in the list of 50 companies are larger medical device players such as Boston Scientific Corp., Abbott, Medtronic Inc. and others.

The cover story article entitled "50 Companies to Watch" can be found on the following website:
http://www.devicelink.com/mddi/current_issue.html

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

Addvalue Technologies Launches The First Designed And Made-In-Asia New Cost-Efficient SABRE™ 1 Terminal For IP-Based Communications Via BGAN Satellite


Addvalue signed a Master Distributorship Agreement with Laxo Global Access to distribute its SABRE 1 terminals in the South Asia market. Laxo Global Access is a new-generation mobile satellite IT systems integrator and service provider, offering voice & data access via satellite link for portable use, fixed application and maritime. In order to enjoy the full status and benefits of a Master Distributor, Laxo will purchase at least 10,000 terminals from Addvalue during a 3 years period.

Light, portable, cost-efficient and convenient to use, SABRE 1 is developed to meet the needs of users who demand high mobility and easy access even in remote locations where communications via traditional communications channels is difficult.

Addvalue Technologies Ltd is a leading one-stop digital, wireless and broadband communications technology products innovator. [+]

Cityneon Holdings Limited Acquires Additional 30% Stake In Comprise Electrical (S) Pte Ltd


Cityneon Holdings Limited has increased its shareholding in its subsidiary, Comprise Electrical (S) Pte Ltd from 51% to 81%. The Company will pay an aggregate purchase price of $743,410/- for the additional 30% stake in Comprise Electrical (S) Pte Ltd.

Comprise Electrical (S) Pte Ltd provides electrical services for the exhibitions and event management industries.

Cityneon is a Singapore based provider of exhibition and event management services to meet the needs of international exhibitions, trade shows, conferences and events. [+]

Fabchem China's FY2006 Net Profit Rose 54.2% To RMB 54.1 Million


Fabchem China recorded a strong set of FY2006 results. Net profit rose 54.2% to RMB 54.1 million from RMB 35.1 million in the prior year. Gross profit margin was higher at 44.3% in FY2006 compared to the average of 36.3% between FY2003 and FY2005. Total revenue grew by 3.8% to RMB 155.7 million in FY2006 from RMB 150.1 million in FY2005.

Sales to international markets increased 6.4% to RMB 79.6 million in FY2006 as compared to RMB 74.8 million in FY2005. In particular, sales to Australian market increased significantly by 221.1% to RMB 52.6 million due mainly to the continued outsourcing of boosters by our major customers in Australia, namely ORICA Limited and Beston Australia Pty Ltd.

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

Aztech Announces The Appointment Of Vice President Of R & D


Aztech Systems Ltd has appointed Mr Dixon Hong as Vice President of Research and Development, who will be responsible for the Group's new R&D projects. Mr Hong will report directly to Mr Michael Mun, CEO/President of the Group.

Mr Hong has previously served in Aztech as Vice-President of R&D, Singapore (2004 - 2005) and as Vice-President of Thatweb Solutions Pte Ltd, a wholly owned subsidiary of
Aztech (1995 - 2003). Mr Hong graduated from Fu Dan University in Shanghai, China and subsequently obtained his Masters in Computer Science from New York University, in New York, USA. He is also a visiting Co-Researcher in Keio University, Tokyo, Japan.

Mr Hong's primary responsibility will be to identify and establish new research and development alliances, both local and overseas for the development of new products and to spearhead these projects from product conceptualization till completion of the development work. Mr Hong has been also tasked to recruit qualified engineers to work on these new projects. With its involvement in collaboration projects and expansion of its R&D resources, the Group targets to increase its product offerings and also build up its own capabilities in the relevant sectors.

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

Stamford Tyres Achieves Record Profits For FY2006


Stamford Tyres Corporation Limited have achieved record net profit of S$15.6 million for the financial year ended April 30, 2006, an 80.8% growth over the S$8.6 million recorded in FY2005, on the back of a 32.4% growth in revenue to S$253.2 million.

Major contributions to revenue growth came from continued organic growth in the distribution of major brands - Falken, Dunlop and Continental, as well as increased revenue from proprietary brands- Sumo Firenza tyres, Sumo Tire and SSW wheels.

The Group reported a gross profit of S$72.4 million in FY2006, a 41.4% increase from the S$51.2 million recorded in FY2005. This has enabled the Group to improve its gross profit margin from 26.8 percent in FY2005 to 28.6 percent in FY2006.

Stamford Tyres is a global tyre and light alloy wheel specialist. [+]

Portek Expands Its Power Generation Business


As part of its activities in the port sector, Portek has been supplying and installing diesel generators in the 1 to 2MW range to power cranes and other equipment within the ports.

In its latest move, Portek has invested US$1.5 million in cash for a 15 percent stake in PT Metaepsi Pejebe Power Generation. PT Meppo-Gen is a newly incorporated Indonesian company with a paid-up capital of an equivalent US$10 million.

Under a 20-year power purchase agreement, PT Meppo-Gen will construct, own and operate two 40MW GE LM6000 gas-fired turbines in Muara Enim, Southern Sumatra, while PT Perusahaan Listrik Negara will purchase 80% of the power output generated by PT Meppo-Gen for a period of 20 years from the commencement of operations which is expected to be in the first quarter of 2007. PT Meppo-Gen will also be able to contract with other buyers for the remaining 20% of electricity produced. PT Meppo-Gen had earlier signed a gas supply contract with PT Medco E&P Indonesia, which will supply to PT Meppo-Gen gas from gas fields located nearby.

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. [+]

 



Aztech Highlights IP Telephony For Small Medium Enterprises @ CommunicAsia 2006



Aztech Systems will be showcasing its suite of IP-PBX solutions for small medium enterprise from CommunicAsia 2006 in Singapore.

Aztech welcomes all visitors to Booth 3G1-01, Hall 3 at CommunicAsia 2006, 20 - 23rd June, Singapore Expo Hall, Singapore. Besides viewing the range of IP-PBX solutions, visitors at the booth are also treated to a showcase of other data and voice communication products that include xDSL modems, Analog modems, Broadband Residential Gateways, Wireless 802.11 b/g devices, VoIP Adaptors, Homeplugs, Skype DECT and DECT phones.

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

Addvalue Technologies Demonstrates New Cost-Efficient SABRE™ 1 Terminal For IP-Based Communications Via Satellite


Telenor Satellite Services, a subsidiary of Telenor of Norway will add the new, cost-efficient Wideye™ SABRE™ 1 Broadband Global Area Network satellite terminal and accessories to its portfolio of on demand communications technologies.

Addvalue publicly demonstrated the latest addition to the line of Inmarsat BGAN satellite terminals in Singapore on June 20 during the CommunicAsia industry conference.

The sub-laptop sized Wideye SABRE 1 is the most economical BGAN satellite terminal on the market and enables users to conduct simultaneous telephony and IP data communications. Its built-in user interface allows quick set-up and supports multiple data interfaces including Bluetooth, Ethernet, USB and RJ11.

Addvalue Technologies Ltd is a leading one-stop digital, wireless and broadband communications technology products innovator. [+]

MMI Incorporation Of Subsidiary


MMI Holdings Limited has established a wholly-owned subsidiary in Thailand called MMI Precision Assembly (Thailand) Co., Ltd.

MPA Thailand will initially have an issued and paid-up capital of Baht90 million and its principal business activity will be the assembly of precision hard disk drive components.

The formation of MPA Thailand is in line with MMI's strategy of both supporting the regionalisation efforts of its major customers as well as diversifying its manufacturing base through the setting up of production facilities in countries where the Company is able to take advantage of lower operating costs.

MMI is an electro-mechanical contract manufacturer providing OEM and ODM contract manufacturing services for its strategic customers in multi-industries. [+]

Soilbuild Signs Various Options To Purchase Minbu Road / Martaban Road Apartments And Adjacent Sites


Wholly-owned subsidiary SB (Blueteak) Development Pte. Ltd., signed various options to purchase 24 apartment units at 8-12C Minbu Road and 40-44C Martaban Road, 8 terrace houses at 32 to 38 Martaban Road, 14 to 20 Minbu Road and 3 apartment units at 42, 42A and 42B Mandalay Road. It will also be acquiring the adjoining Lot Nos. TS29-642C and TS29-643M.

Altogether, the total land size is about 4,498 square metres and the total land cost is about S$44.5 million. Based on the approved plot ratio of 2.8 and an estimated development charge of S$0.2 million, the cost for the land is about S$329 psf per plot ratio.

Assuming an average size of 1,500 square feet per unit, the total site can be developed into about 90 to 100 residential units. The maximum number of storeys that can be built on the freehold parcels of land is 36. This new development is expected to be launched by 2007 and will provide Soilbuild with a pipeline of projects over the next 12 to 18 months.

Soilbuild is a boutique developer of prime residential properties and has a portfolio of commercial/industrial properties. [+]

SCS Healthcare Solutions Showcased @ CommunicAsia 2006


Singapore Computer Systems Limited is showcasing its healthcare IT solutions at the CommunicAsia 2006, one of the most successful communications event in Asia since 1979, from 20-23 June.

SCS is a regional healthcare solutions provider focusing on increasing the competitiveness and services quality of healthcare organisations through the use of IT. The company's trusted healthcare IT services include a home-grown suite of solutions comprising its flagship integrated Hospital Information System, enterprise integrated Pharmacy System and Electronic Medical Records.

SCS' healthcare solutions are installed in several Singapore hospitals and polyclinics such as Mount Alvernia Hospital and Alexandra Hospital, and are built together with inputs from medical practitioners. These solutions have been replicated to China's Beijing Tongren Hospital and Shanghai Renji Hospital, where they are localised to suit the Chinese requirements and hospital workflow. Localisation was performed by the SCS team in Chengdu, China, where it has a software development centre to leverage the large pool of Chinese IT professionals.

Singapore Computer Systems is a leading information and communications technology service provider in Asia. [+]

Noble Loads First Vessel At New TimbĂșes Grain Terminal In Argentina


Noble Argentina SA, a leading agriculture and logistics company and member of global supply chain manager Noble Group, set in motion the first vessel, the Santorin II, as several hundred meters of conveyor belts started to transport the grain through tunnels and galleries from its new port terminal at TimbĂșes, Argentina.

Loading nearly 10,000 tons of soybeans bound for Colombia, the US$51.2 million infrastructure project funded in cooperation with The International Finance Corp., the World Bank's private-sector financing arm, is capable to move 2.5 million tons of grain per year with a daily loading capacity of 38.4 metric tons. The project, which began construction at the end of March 2005, represents the increasing fixed asset base of the Group.

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

Kings Safetywear Construction Of New Batam Factory


PT KSW Batam, a wholly owned subsidiary of King's Safetywear Indonesia Pte Ltd which is in turn 100% owned by the Company, has commenced the construction of a new factory building in Latrade Industrial Park, Batam.

The new factory will be built on 7,500m2 of land at the Company's property at Block G, Lot 1 Jl. Sei Binti-Tanjung Uncang, Batam in the Latrade Industrial Park. The new factory is expected to be completed by end 2006 and will cost approximately S$1 million to construct, which is to be funded by bank borrowings.

King's Safetywear Limited is a leading manufacturer of industrial safety footwear and personal protective equipment and markets them under its proprietary brands of "King's", "Otter" and "Comfortwear" in Asia, Europe and Oceania. [+]

Jackspeed Incorporation Of Katsuya International Pte Ltd


Jackspeed has entered into a joint venture with AAPICO Investment Pte. Ltd. and Coryor (S) Pte. Ltd. to incorporate Katsuya International Pte Ltd In Singapore.

It is the intention of the Company, Coryor and AAPICO Investment that Katsuya International will invest in factories providing dip-printing services and manufacture of fabric-sprays to the automotive original equipment manufacturer markets in countries such as Thailand, India and the People's Republic of China.

Jackspeed Corporation Limited is a recognised brand name in the industry as a manufacturer of automotive leather trim, with one production facility each in Singapore, Malaysia, Thailand and Indonesia. [+]


CEO's Walk The Talk

"..Going forward, we will continue to invest in R&D and clinical studies so as to introduce other new and innovative products to benefit patients and cardiologists..."
Mr. John Shulze
Chief Technology Officer
Biosensors International Group, Ltd.



Highlighted Company


Founded in 1996 and listed on SGX-Mainboard in 2003, Sinomem Technology Limited ("Sinomem" or the "Group"), is a leading integrated membrane technology company. Its business covers entire membrane industry value chain, namely membrane material manufacturing, membrane process & engineering, and downstream nutraceuticals production that employs membrane-based separation and purification technologies. The group's headquarter is located in Singapore.

Sinomem's membrane process & engineering business involves process development, engineering design, equipment fabrication, system integration, on-site installation and commissioning and aftersales technical support. These products and services are provided under the branding of Suntar. The Group focuses mainly on China market and currently is the dominant membrane separation and purification solutions supplier for China's pharmaceutical and fermentation industries. For certain products, such as those used for Vitamin C and Vitamin B12 manufacturing, Sinomem has achieved almost 100% of the market share.

Through its 50% owned associated company based in Germany Microdyn-Nadir GmbH (M-N), the Group supplies full range of polymer membranes used for industrial processes. M-N is rooted from the R&D department of Hoechst AG who is a leading industrial polymer membrane developer and manufacturer. Its key customers include prestigious names like Volkswagen, Daimler Chrysler, BMW, Rohm-Haas and Roche.

The company has recently expanded into downstream nutraceutical product manufacturing that employs its proprietary membrane process and engineering solutions. The Group's 66% owned subsidiary, Jiangxi New Reyphon Biochemical Co. Ltd, accounts for 35% of the global output of gibberellins. In addition, Sinomem also produces sugar alcohols through its associate, Shandong TianLi Biochem Ltd, the largest sorbitol manufacturer in China.





























Historical Price Data
 Date Open High Low Close
Volume  
 23 Jun 2006  0.770  0.770  0.770  0.770
70,000 
 22 Jun 2006  0.780  0.785  0.770  0.770
376,000 
 21 Jun 2006  0.780  0.780  0.760  0.770
525,000 
 20 Jun 2006  0.760  0.770  0.740  0.770
670,000 
 19 Jun 2006  0.740  0.765  0.735  0.765
482,000 

Fundamentals
EPS ($) *
0.05165
NAV ($) **
0.3248
Dividend ($) ****
0.010000
PE
14.908
Price / NAV **
2.371
Dividend Yield (%) ****
1.299
Market Cap (M)
355.571
Par Value ($)
SGD 0.020
Issued & Paid-up Shares ***
461,780,000
52 Weeks High
1.060
52 Weeks Low
0.615
 
* 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 15/05/2006. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

Newsroom
11 May 2006 Sinomem Technology Q1 2006 Profit Up 33% -- Earns S$5.5m On Record Revenue Of S$21.2m
11 May 2006 First Quarter Financial Statement And Dividend Announcement
26 Apr 2006 Resolutions Approved At Annual General Meeting
07 Apr 2006 Announcement Of Appointment Of Vice-President Of Sinomem Technology Limited And General Manager Of Microdyn-Nadir (Xiamen) Co. Ltd.
07 Apr 2005 Announcement Of Appointment Of Vice-President Of Sinomem Technology Limited And General Manager Of Jiangxi New Reyphon Biochemical Co. Ltd
   



Disclaimer: Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, neither the publishers, authors and their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever caused. We shall not be liable for any actions taken based on the views expressed, or information provided within this publication. Information within this publication should not be taken or construed as an offer of, or the giving of, advice to buy or sell securities. The publishers, its associated companies and their officers, directors, employees may own or may have owned or have positions in the securities mentioned or reported in this publication, and may from time to time, add on to or dispose such securities. You should always seek your own professional advice from the appropriate advisor or institution. No part of this publication may be reproduced, stored, transmitted in any form of by any means without the permission of the Publisher.
 
 
ShareInvestor Pte Ltd 158 Cecil Street #08-03 Dapenso Building S(069545)
Tel: 62208807 Email: admin@shareinvestor.com