10 July 2006      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 China Sun
405,437 
 THBEV
186,817 
 MediaRing
119,036 
 Digiland R
105,265 
 ChinaMilk
97,841 
Weekly movement as at 07 July 2006
WEEK'S TOP GAINER
 Name
Price  
Chg 
 OmegaNav 50
22.500 
+1.500
 Creative 50
9.950 
+1.500
 Jardine C&C
10.800 
+0.800
 JMH 400US$
18.000 
+0.400
 Pine Agritech
2.700 
+0.360
Weekly movement as at 07 July 2006

 
HEADLINES FOR THE WEEK
Heshe: CEO Eddie Chng To Exercise Option For 3 Million Shares
At 5.5 Cents Each
ComfortDelGro: Increases Taxi Fares For The First Time In 8
Years Due To Surging Fuel Prices
Frasers Centrepoint Trust: IPO 2.1 Times Subscribed Raising
$269.79 Million
MediaRing: Elliott Will Accept Offer Price Of US$9.50 For Its 13.9%
Stake In PacNet


SembCorp: Utilities Unit Won Bid For US$1.7 Billion Power Project
In Abu Dhabi
Super Coffeemix: In Joint Venture With Tee Yih Jia To Invest In China
MapletreeLog: Signed Agreement To Purchase Property From
Goodrich Global Pte Ltd Worth $15.6 Million
Zagro: Temasek's Subsidiary GREEN Dot Capital To Be Top 5
Owners
 
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HOT Off The Press

Boustead Subsidiary Salcon Secures International Contracts Totalling S$25 Million


More than 50% of the value of the contracts is expected to be completed within the current financial year ending 31 March 2007.

•  The contracts involve the design, process engineering and construction of:

An S$18 million 600 m3/day full turnkey septage treatment plant in Antipolo City, Philippines.

•  A 14,800 m3/day wastewater treatment plant for Semiconductor Manufacturing International Corporation.

•  A 4,700 m3/day central wastewater recovery plant for a textile dye company in India.

Boustead is a progressive global Engineering Services & Geo-Spatial Technology Group. [+]

Fu Yu Incorporation Of SolidMicron Technologies Pte. Ltd.


Wholly-owned subsidiary SolidMicron was incorporated with its principle activities being that of manufacturing, research and development, product design and development and commercialization of new technologies and consultancy. The paid up capital will be increased to meet its working capital at the appropriate time.

The incorporation of SolidMicron is to create a business unit to pursue, start-up, develop and commercialize new and relevant advanced technologies that contributes towards broadening the capabilities, markets and the business of the Company as a whole.

Fu Yu Corporation Limited is one of the largest manufacturers and suppliers of high-precision injection moulds and plastic parts in Asia. [+]

Sinwa Acquisition Of 49% Equity Interest In Sinwa IMES Pty Ltd, Australia


Sinwa SS (HK) Co. Ltd, a wholly owned subsidiary has acquired a 49% equity interest in Sinwa IMES Pty Ltd for AUD 290,000. With the Acquisition, Sinwa IMES, now becomes a wholly owned subsidiary of Sinwa.

Sinwa IMES is a company incorporated in Australia. Based on the audited accounts of Sinwa IMES for the year ended 31 December 2005, the net asset value of the Acquisition is AUD 336,606.

Sinwa Limited is a regional marine supply and logistics company servicing the marine and offshore industry in Singapore, the PRC and Australia. [+]

Guangzhao Receives Strong Support From Shareholders For Its S$19.94 Million Warrants Issue


Guangzhao Industrial Forest Biotechnology Group Limited issue of approximately 199.4 million warrants has received strong support from its shareholders, with full subscription of the warrants. Trading of the warrants will begin on 5th July 2006.

The warrants were issued to reward shareholders for their continued support and commitment and to raise funds for the Group's future expansion and working capital requirements. When fully exercised, the warrants will raise approximately S$19.94 million and enable the Group to meet the working capital requirements of its growth strategies.

Leveraging on its traditional strengths in research and development, Guangzhao will use the proceeds to further develop new business segments in addition to its fast-growing poplar.

Guangzhao is engaged in the production and sale of the "Guangzhao Fast Growing Poplar" - a variety of poplar with fast growing characteristics. [+]

Newly Listed Education Management Services Provider Oriental Century Sees 36.2% Rise In FY2005 Net Profit


•  Strong performance due to 15.8% increase in student enrolment and additional revenue from ancillary courses.

•  Recorded gross profit margin of 70.9%, marking the fourth fiscal year in which it has achieved gross profit margins of over 70%.

•  Poised to ride high on growing demand for quality education in the PRC by investing in more educational institutions, upgrading proprietary MSM system and attracting more foreign students.

Oriental Century Limited and its subsidiaries are principally engaged in the provision of education management services to educational institutions in the People's Republic of China. [+]

Aztech Wins Contract For 2 Million DECT Phones


Aztech Systems Ltd has crossed yet another milestone by clinching a prestigious contract for the provision of its Digital Enhanced Cordless Telephones over a period of 24 months. The contract awarded by one of the world's largest lifestyle consumer products provider, Binatone Electronics International Ltd, is estimated to be worth USD$40 million.

Leveraging on its core expertise in ODM/OEM of DECT, Aztech will be supplying Binatone 2,000,000 units of DECT phones. This successful win, once again, solidifies Aztech's position as a leading DECT supplier and is a result of the Group's aggressive strategy to expand internationally with products that combine simplicity and style with conceptual brilliance.

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

 



Sing Lun Joint Venture Agreement



SL Global Pte Ltd a wholly-owned subsidiary of Sing Lun Holdings Limited has entered into a Joint Venture Agreement with Ponie International Pte Ltd and Han Fook Siew, Han Poh How Anthony and Han Poh Chin for the establishment of a joint venture company to take over the business of marketing, trading of textiles and apparels of Ponie.

The JVC has been duly incorporated in Singapore on 12 June 2006 under the name of SL Ponie Pte. Ltd. It will have a total issued and paid up share capital of S$100,000 of which SL Global will subscribe for 51% at a consideration of S$51,000 and Ponie will subscribe for 49% at a consideration of S$49,000. SL Global will pay S$1,600,000 to Ponie for the transfer of Ponie's business to the JVC.

Sing Lun Holdings is an integrated apparel provider headquartered in Singapore. [+]

SCS Increases Stake In Green Dot Internet Services Pte Ltd


Singapore Computer Systems Limited has converted 200 of its convertible redeemable preference shares in Green Dot Internet Services Pte Ltd into 200,000 ordinary shares, and also purchased 152,000 ordinary shares from Green Dot Capital Pte Ltd. The said transactions result in an increase in SCS' shareholding in GDIS from 20% to 23.8%. The cash consideration for the purchase is S$304,000.

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

Eu Yan Sang Increase In Shareholdings In An Associated Company Orion Corporate Health Pty Ltd


YourHealth Group Pty Ltd, a subsidiary of Eu Yan Sang in Australia has increased its interest in Orion Corporate Health Pty Ltd by acquiring 10% of the shareholdings for A$400.

ORION is in the business of promoting and selling corporate health services, most of which are provided YHG centers in Australia. For the financial year ended 30 June 2006, Orion had a turnover of A$19,741 and an after tax profit of A$4,925.

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

Seksun's Indonesian Subsidiary Signs MOU With Press Automation Technology Pte Ltd


Indonesian subsidiary, PT Seksun Presisi Engineering and its existing shareholders, Seksun, P.T. Presisi Cikarang Makmur and Shigeru Fukushima have entered into a MOU with Press Automation Technology Pte. Ltd.

Press Automation Technology Pte. Ltd's offer for the new shares will comprise US$400,000 in cash with the balance to be paid with the transfer of machinery and equipment to PT Seksun Presisi Engineering of the equivalent value of US$1,500,000.

Seksun's shareholding in PT Seksun Presisi Engineering will be diluted from 55.0% to 28.2% of the enlarged share capital. The fresh injection of capital and equipment will enhance the Group's value proposition in precision metal stamping and make further inroads into the automotive industry.

Seksun Corporation Limited is one of Singapore's leading precision engineering specialists, with its own clean room assembly operations. [+]

Managing Director, Designate Appointed For Subsidiary Boustead Projects


Boustead Singapore Limited has appointed Mr Hooi Ka Cheong as Managing Director, Designate of 55%-owned subsidiary, Boustead Projects Pte Ltd.

Boustead Projects is a leading industrial real estate solutions developer in Singapore, with core engineering expertise in designing, building and developing industrial facilities for multinational corporations and local enterprises.

Mr Hooi brings with him a wealth of experience gained over an 18-year period in various senior management positions involving design and build, technical services and business development within the industrial real estate industry on a regional level.

Boustead is a progressive global Engineering Services & Geo-Spatial Technology Group. [+]









CEO's Walk The Talk

"..We are beginning to see the rewards of our efforts over the last two years to position Salcon in various key markets. We will continue with our business development efforts and use Salcon's established brand and strong track record to penetrate industries and markets globally..."
Mr Wong Fong Fui
Group Chief Executive Officer
Boustead Singapore Limited



Highlighted Company


With a history that dates back to the 1960s, Sinwa Limited is a regional marine supply and logistics company servicing the marine and offshore industry in Singapore, the PRC and Australia.

Over the past 30 years, Sinwa has built up a proven track record in the marine supply and logistics business, having carved a solid reputation for service excellence, efficiency and reliability among the major ship owners and ship management companies all over the world.

In the PRC, we operate through our appointed marine supply and logistics companies in Dalian, Shanghai, HongKong, Guangzhou, Qingdao, Xiamen and Tianjin. Our China operations have grown significantly since we started some three years ago. Today, we are one of the leading marine supply and logistics companies in China.

In November 2004, we acquired three Australian marine supply companies and in March 2005, we incorporated Sinwa Brisbane to service the north-eastern Australia seaboard ports. With these four companies we are now able to effectively tap into virtually all of Australia's ship supply markets ┬ĘC from Darwin in the north to Fremantle in the east, from Albany and Adelaide on the south coast to Melbourne and Sydney.

Besides supplying a wide range of ships' stores, provisions and equipment to our customers, we also supply, fabricate and install thermal insulation materials on gas and chemical vessels.

To tap onto the business opportunities in the offshore sector in the region, we established Sinwa Offshore in 2003 to supply and install specialised rigging, deck fittings and anchor chains. This division also supplies OCIMF-recommended mooring ropes to our customers.

Operating from 15 locations in 3 countries and spanning a supply networks to over 70 ports, Sinwa is the leading marine supply and logistics company offering a complete and comprehensive range of reliable supply and service to the marine.
































Historical Price Data
 Date Open High Low Close
Volume  
 07 Jun 2006  0.260  0.260  0.255  0.255
660,000 
 06 Jun 2006  -  -  -  -
 05 Jun 2006  -  -  -  -
 04 Jun 2006  0.260  0.260  0.260  0.260
40,000 
 03 Jun 2006  0.255  0.255  0.255  0.255
20,000 

Fundamentals
EPS ($) *
  0.03470
NAV ($) **
  0.1430
Dividend ($) ****
  0.006667
PE
  7.349
Price / NAV **
  1.783
Dividend Yield (%) ****
  2.615
Market Cap (M)
  48.830
Par Value ($)
  n.a.
Issued & Paid-up Shares ***
  191,489,000
52 Weeks High
  0.320
52 Weeks Low
  0.170
 
* 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 16/05/2006. Please click here for more information.
**** Dividend is based on latest Full Year Results Announcement and excludes special dividend

Newsroom
07 Jul 2006 Daily Share Buy-Back Notice
04 Jul 2006 Acquisition Of 49% Equity Interest In Sinwa IMES Pty Ltd, Australia
15 May 2006 First Quarter Financial Statement And Dividend Announcement
04 May 2006 Allotment Of Bonus Shares
26 Apr 2006 Annual General Meeting And Extraordinary General Meeting Held On 26 April 2006
   



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