11 September 2006      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 ChinaMilk
121,166 
 Synear
112,332 
 THBEV
105,131 
 ChinaPDye
99,050 
 Bio-Treat
84,196 
Weekly movement as at 8 September 2006
WEEK'S TOP GAINER
 Name
Price  
Chg 
 Bukit Sem
19.200 
+0.700
 Jardine C&C
12.000 
+0.500
 SIA 200
14.000 
+0.400
 JMH 400US$
17.800 
+0.300
 APB
15.000 
+0.300
Weekly movement as at 8 September 2006

 
HEADLINES FOR THE WEEK
Philips: To Hire 900 People For New Power LED Plant In
Singapore
SPC: Gas Discovery At Wortel-1 Exploration Well
Datapulse: FY06 Net Profit Up 271% To $6 Million
Synear: Exclusive Supplier Of Food Products For Beijing 2008
Olympics


Temasek: FY 06 Net Profit Up 71% To $12.8 Billion
ST Engg: VT Halter Marine Wins US$240 Million Contract To Build
Tug Barges
Chip Eng Seng: Forms JV With Citadel Investment To Buy Grange
Tower For $180 Million

 
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HOT Off The Press

Advanced Secures New Refining &
Petrochemical Projects Worth S$15.28m


Advanced Holdings Ltd. has secured three petrochemical projects worth a total of S$15.28 million in the Middle East and China.

Of significance, two of the projects were clinched by Advanced's recently acquired subsidiary, Control & Application Asia Pte Ltd, an expert designer and provider of process analyzer systems and related services to oil and gas, petrochemical, pharmaceutical and semiconductor industries.

Advanced is an ISO9001:2000 certified specialist company which designs and supplies process equipment and process technologies to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. [+]

ETI Tech And Esmart In Joint Development, Manufacturing And Marketing Of High Volume Consumer Electronics


Esmart will integrate ETI Tech's BMS solutions and power storage devices into several high volume consumer electronic products. Upon integration, ETI Tech shall manufacture the identified electronic products for marketing under Esmart's distribution channels.

Esmart will function as the "Master Distributor and Representative" for ETI Tech in marketing and selling the products that result from this collaboration. As part of the design efforts, the electronics products will be integrated in such manner as to optimize its cost-performance ratio by centralizing components procurement activities under one party. All intellectual property rights accumulated in this exercise shall solely belong to ETI Tech and may be applied in its other electronic applications.

Esmart Group is principally engaged in the design and supply of intermediate products for the multimedia infotainment, data communications, automotive electronics, wireless applications, and digital video services and systems segments of the electronics industry. [+]

KS Tan Expresses Optimism In Advance SCT


Mr Tan Kim Seng, the Non-Executive Chairman of SGX-SESDAQ listed Advance SCT Limited professed that he has full confidence in the management and the Group's prospects in the long run.

As a sign of stronger corporate governance, Mr Tan has decided to dispose of the 5 million shares that were accumulated prior to joining the Group.

Advance SCT Limited is a leading regional integrated Material Supply Chain Management company with related businesses in Printed Circuit Board testing and finishing services. [+]

Aztech Skype DECT, Homeplug Wireless Extender & IP Telephony Powered By The No.1 Wireless Networking Provider In Malaysia, Aztech


Aztech 2 in 1 cordless phone Skype DECT, Homeplug Wireless 85Mbps G Extender and IP telephony phone are now available in Malaysia.

The Company will be boldly showcasing its latest technologies in data communications at Asean Communications Expo & Forum 2006, in Kuala Lumpur, Malaysia's No.1 ICT and Media Tradeshow at Kuala Lumpur Convention Centre, Booth: B050 from 5 to 8 September 2006.

Held in conjunction with Aztech's showcase at Asean Communications Expo & Forum 2006, the Company will kick off the celebrations of its latest products with a media press conference and distributor training sessions at Traders Hotel, located in the vicinity of the exhibition.

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

Establishment Of Shanghai Tat Hong Equipment Rental Co. Ltd


Tat Hong Holdings Ltd has established a Foreign-Sino equity joint venture company, Shanghai Tat Hong Equipment Rental Co. Ltd and proposed joint venture arrangement between Tat Hong International Pte Ltd, its wholly owned subsidiary and Shanghai Zhao Mao Mechanical Engineering Co., Ltd, a related company of Fushun YongMao Construction Machinery Co., Ltd.

Tat Hong International Pte Ltd and Shanghai Zhao Mao Mechanical Engineering Co., Ltd shall own 60% and 40% respectively of the registered capital Shanghai Tat Hong. The principal activity of Shanghai Tat Hong is rental of equipment (primarily rental of towercranes) in the PRC.

The registered capital of the established joint venture is US$3.5million and Tat Hong has made a contribution of US$1.0million towards the payment of its share of registered capital in the established joint venture.

Tat Hong is the largest crane company in the world (in terms of quantity of crawler cranes) and serves a diversified range of industries such as infrastructure, oil & gas, pharmaceutical and construction. [+]

Venture Incorporation Of Subsidiary


Venture Corporation Limited wholly-owned subsidiary, Univac Precision Engineering Pte Ltd has established a wholly-owned subsidiary in India, known as Univac Precision (India) Private Limited.

Univac India was incorporated with an authorised, issued and paid-up capital of 1,500,000 Rupees comprising of 150,000 shares of 10 Rupees each.

The principal activities of Univac India are those involved in the manufacture and sale of precision plastic molds and engineering components.

Venture Corporation Limited is a leading global electronics services provider. [+]

Ace Achieve Establishing PRC's 1st SMS Enhancement Platform


Ace Achieve Infocom Limited is establishing PRC's 1st SMS enhancement platform for one of the top 4 PRC telecom operators, China Unicom's entire mobile network in the PRC. The SMS enhancement solutions offered are value-added services in addition to the normal voice functions enjoyed by the end mobile phone users. These include features such as SMS firewall to filter spam SMS, SMS diversion, SMS organization and temporary SMS barring.

The enhancement project will be done through a joint venture with a Beijing-based company, which has strong technical expertise in SMS value-added services, to set up a new associate company. Based on a preliminary agreement, Ace Achieve will hold a 40% stake in the total issued capital of this new associate while the remaining 60% will be held by the major shareholders of the Beijing-based company.

Ace Achieve Infocom Limited is a provider of telecommunication solutions and products in the PRC. [+]

Popular Acquisition Of The Remaining 30% Of The Equity Interest In The Capital Of Kinder Education Press Limited


Popular Holdings Limited wholly-owned subsidiary, Educational Publishing House, Limited had acquired the remaining 600,000 shares in the capital of Kinder Education Press Limited representing 30% interest of Kinder for a total cash consideration of HK$800,000.

Subsequent to the acquisition, Kinder became a wholly-owned subsidiary of EPHL.

Popular is engaged in retail & distribution, publishing and e-learning. [+]

SCS Information Technology Sdn Bhd Becomes Wholly-Owned Subsidiary Of SCS


Singapore Computer Systems Limited has acquired a total of 125,000 ordinary shares constituting of 25% of SCS Information Technology Sdn Bhd from Borhanudin Bin Haji Mohamad and Dato Hj Mohd Salleh Hj Hidup. This makes SCS Brunei a 100% owned subsidiary of SCS. The total purchase consideration is B$312,500 in cash.

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

UFS Ready To Acquire Kiani: Says Ready To Settle Kiani's Debt Of US$201m To Bank Mandiri The Moment The Deal Is Closed


United Fiber System Ltd remains interested in acquiring PT Kiani Kertas and is ready to repay Kiani's debt to Bank Mandiri on closing of the deal.

UFS will continues to run the PT Kiani Kertas pulp mill and pay the salaries of the staff there.

UFS had entered into an Operational Management Agreement with PT Kiani Kertas owners in July 2005, which allows UFS to manage and operate the mill.

UFS operates two business divisions in South East Asia, namely forestry, pulp and wood chip production in South Kalimantan, Indonesia, and construction and property development in Singapore. [+]

 



Swissco S$3.3m Order For 2 More Vessels



Swissco International Ltd wholly-owned subsidiary, Swissco Offshore Pte Ltd, has recently placed orders for another two new vessels to build up its fleet size.

A Malaysian shipyard was awarded the contract for the construction of a 26m shallow multipurpose vessel. This will be the 2nd vessel to be awarded to this Shipyard based in Miri, East Malaysia. The vessel can be deployed for shallow water oil & gas operations as well as dredging or marine construction activities. Vessel delivery is scheduled for 1st Half of 2007.

The second order is for a 76m offshore barge and is the 4th barge awarded to the shipyard based in Nanjing, PRC. Designed for heavy deck loading capability, it is intended for the demanding requirement of the oil and gas industry. This barge is also scheduled for delivery in 1st Half of 2007.

Swissco is one of the leading operators of a young and modern fleet of offshore support vessels, providing marine services to the shipping and offshore oil and gas industries. [+]

Wearnes Automotive Appointed Renault Importer And Distributor


WBL Corporation Limited wholly-owned subsidiary, Wearnes Automotive Pte Ltd, has been appointed the exclusive importer and distributor for Renault vehicles in Singapore. Besides Renault passenger and light commercial vehicle sales, Wearnes Automotive will also be providing after sales service for Renault vehicles in Singapore.

The appointment increases the range of mid-market passenger cars and commercial vehicles distributed by Wearnes in Singapore. In 2005, over 1,720 Renault vehicles were sold in Singapore, out of which 820 were passenger vehicles and over 900 were light commercial vehicles.

To minimise disruption to existing Renault owners, Wearnes will continue to operate the Renault showroom and service centre at 26 Leng Kee Road and 23 Toa Payoh Lorong 8. It
will also honour all outstanding manufacturer warranties. Wearnes will be employing over 80 existing Renault-trained staff working in Singapore.

WBL Corporation Ltd is a dynamic international group with key activities in Technology Manufacturing, Automotive Distribution and Technology Solutions. [+]

ArianeCorp: Agreement By CarrierNet Corp Ltd With Global Meridien Nigeria Ltd For The Development Of The Nigerian VoIP And Other Sectors


The parties will jointly develop the following products, services and markets:

•  VoIP products and services, capitalizing on both parties access to satellite linkages in Nigeria and Hong Kong.

•  Net traffic termination points of presence in other regions of Africa.

•  For CarrierNet to provide technical assistance to Global Meridien in connection with the deployment of additional VoIP infrastructure.

•  Data and ISP services riding on both parties satellite platforms for business expansion across Africa.

ArianeCorp is principally involved in the operation of an 11,119km two-core high bandwidth fibre optic network covering 13 provinces and all principal cities in rapidly growing eastern China. [+]

Technics Oil & Gas Strikes Strategic Alliances To Expedite Expansion Into Leasing Of Gas Compression Systems And Equipment To The Oil And Gas Industry


Technics Oil & Gas Limited has established strategic alliances with two business associates that are well-positioned to expedite its expansion into new market segments, namely, the growing market for the leasing of gas compression systems and other equipment to companies in the oil and gas industry.

These initiatives are in line with the Group's growth strategy of capitalising on joint ventures, strategic alliances and partnerships with like-minded, value-adding business associates aimed at capitalizing on their complementary technical and commercial resources to maximize leverage on the continuing robust demand for vendor services in the regional oil and gas industry.

Technics is a leading specialist engineering service provider, servicing the robust Oil & Gas industry. [+]

Midas Holdings Upgrades To The Main Board

Midas Holdings Limited will be upgraded to the Main Board of the Singapore Exchange Securities Trading Limited on September 7, 2006. Trading of its shares on the Main Board will commence on the same day.

Midas is a leading manufacturer of aluminium alloy extrusion products and PE pipes, primarily for the transportation and infrastructure sectors in the PRC. [+]

Aztech Upgrades To Mainboard On The Singapore Stock Exchange


Aztech Systems Ltd. has crossed yet another milestone with the upgrade to the Mainboard status by the Singapore Exchange Limited. With the upgrade of its listing from SGXSESDAQ to SGX Mainboard, Aztech's shares will commence its trade on the Mainboard at 9 am, Monday, 11th September 2006.

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

China Healthcare Acquisition Of Shares In West Point Family Hospital Pte Ltd


China Healthcare had on 1 September 2006 entered into a sale and purchase agreement with Thomson Medical Centre Limited to acquire 2,000,000 shares in West Point Family Hospital Pte. Ltd., comprising 50.89% of the issued share capital for $950,000 and to take an assignment of a loan of $1,000,000 owing from WPFH to Thomson Medical Centre Limited.

WPFH owns the West Point Family Hospital, a general acute care hospital located in Western Singapore. The Hospital provides a wide range of facilities for step-down rehabilitation therapy, including occupational therapy and physiotherapy. The Hospital also provides 24-hour outpatient clinic services to the community in Western Singapore.

China Healthcare operates a cluster of nursing homes and purpose-built medicare centres with wide range of healthcare services and comprehensive in-house rehabilitation facilities, acute hospital and clinic. [+]

ASL Marine Secures Shipbuilding Contracts Worth S$46.5 Million


ASL Marine Holdings Ltd. wholly-owned subsidiary, ASL Shipyard Pte Ltd has secured new shipbuilding contracts worth a total of S$46.5 million for the construction of two units of Offshore Emergency Response and Rescue Vessels and one unit of Anchor Handling Tug/ Supply Vessel. All three vessels are expected to be completed in 2008.

ASL Marine is a vertically-integrated marine company principally involved in Shipbuilding, Shiprepair, Shipchartering and other marine related services, catering to customers mainly from Asia Pacific, South Asia, the Middle East and Europe. [+]

Delong Holdings Named Amongst Top 500 Companies In The People's Republic Of China


Delong Holdings Limited has been named amongst the top 500 companies in the People's Republic of China in the China Top 500 Enterprises 2006 Analysis Report jointly released by the China Enterprise Confederation and China Enterprise Directors Association.

Delong has been placed 337th in the list, which ranks the top profit-generating companies in the country. The Company achieved a net profit of S$121.5 million on the back of S$861.0 million in revenue for the financial year ended 31 December 2005.

In 2005, the Top 500 companies reaped combined profits of RMB 642.8 billion, and contributed 77.6 percent to China's gross domestic product.

Delong Holdings Ltd is a steel manufacturing and trading group headquartered in Beijing, China. [+]

Best World Upgrades To Main Board


Best World International Limited has received in-principle approval from the Singapore Exchange Securities Trading Limited to upgrade to the SGX Main Board. The listing and trading of the company shares on the Main Board will commence on 18 September 2006.

Best World is a company specializing in the development and distribution of quality health and lifestyle products for its regional direct selling members. [+]

 

CEO's Walk The Talk

"..We are confident of the demand for our types of vessel and continue to see growth in the next few years. For example, our first 26m workboat which we took delivery early this year had secured 1 year employment in Australia. Therefore we believe there is increasing demand in the region for specialized vessels..."
Mr Alex Yeo
Chief Executive Officer
Swissco International Ltd.



Highlighted Company


Seksun Corporation Limited, incorporated in 1981, has emerged as one of Singapore's leading precision engineering specialists, with its own clean room assembly operations. Seksun was listed on the Singapore Exchange's SESDAQ in October 1994, and on the Main Board in April 1999.

It is principally engaged in the manufacture of metal components and contract manufacturing for the Computer Peripherals, Telecommunication Equipment and Industrial and Consumer Electronics industries.

Seksun offers customers a complete range of services, required by electronics companies, from the early stage of design to final delivery. It specialises in the following areas: metal stamping, tooling design and fabrication, electronics manufacturing services and cleanroom assembly.

Seksun's brand name in the manufacture of metal components and metal stamping over the last two decades has won the company regional recognition as well as a stable of multinational customers.





































Historical Price Data
 Date Open High Low Close
Volume  
 08 Sep 2006  0.365  0.370  0.365  0.370
191,000 
 07 Sep 2006  0.365  0.370  0.365  0.365
110,000 
 06 Sep 2006  0.365  0.370  0.365  0.520
74,000 
 05 Sep 2006  0.375  0.375  0.370  0.370
1,093,000 
 04 Sep 2006  0.375  0.380  0.375  0.375
994,000 

Fundamentals
Historial EPS ($) a
  0.02884
Rolling EPS ($) e
  0.04092
NAV ($) b
  0.3622
Historical PE
  14.216
Rolling PE f
  10.020
Price / NAV b
  1.132
Dividend ($) d
  0.016000
52 Weeks High
  0.405
Par Value ($)
  SGD 0.100
Dividend Yield (%) d
  3.902
52 Weeks Low
  0.260
Market Cap (M)
  153.158
Issued & Paid-up Shares c
  373,556,000
 
a Based on latest Full Year Results Announcement
b Based on latest Results Announcement (Full Year, Half Year or Interim)
c Rounded to the nearest thousand. Updated on 13/08/2006. Please click here for more information.
d Dividend is based on latest Full Year Results Announcement and excludes special dividend
e Summation of the earnings from the latest 4 Quarter (or 2 Half Year) results announcement, adjusted for the current number of shares.
f Based on rolling EPS

Newsroom
11 Aug 2006 Second Quarter Financial Statement And Dividend Announcement
28 Jul 2006 Date Of Release Of Second Quarter Financial Statement Announcement
05 Jul 2006 Seksun's Indonesian Subsidiary Signs MOU With Press Automation Technology Pte Ltd
15 May 2006 Seksun 1Q06 Net Profit Soars 123.5% To S$4.5 Million On 94.5% Revenue Growth
15 May 2006 First Quarter Financial Statement And Dividend Announcement



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