18 September 2006      
Volume `000 
Weekly movement as at 15 September 2006
 JSH 500US$
 Bukit Sem
 Thai Prime200US$
Weekly movement as at 15 September 2006

Hiap Seng: Propose Bonus Dividend And Rights Issue
Ellipsiz: To Buy 40% Of Kita Manufacturing For US$4.56 Million
TPV: 1H FY06 Net Profit Up 14.4% To US$74.1 Million
Hwa Hong: Subscribed For 21.5 Million Placement Shares At 35
Cents Each In Pan Hong IPO

BBR: Awarded $12.65 Million PUB Contract
SembCorp: To Develop Water-Treatment Plant In Tianjin, China
GK Goh: Makes Takeover Offer For Boardroom At 50 Cents A Share
Pan Hong: Launched IPO Offer Of 125 Million Shares At 35 Cents
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HOT Off The Press

Advanced Secures 100% Tax Free Pioneer Status For Biodiesel Project In Malaysia

Advanced Holdings Ltd. has obtained the Pioneer Tax Status for its biodiesel project to be located in the designated "Eastern Corridor" of Peninsular Malaysia in Kuantan, Pahang.

The pioneer status, granted by The Malaysian Government, will exempt all statutory income generated by the project from payment of Malaysian income tax for a period of 5 years.

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. [+]

Eucon Establishment Of A Wholly-Owned Subsidiary In China

Eucon Holding Limited has incorporated a wholly-owned subsidiary in China Shanghai Lian Han Xin Electronic Technology Co, Ltd with a registered capital of USD6,000,000 dealing with the provision of mechanical drilling and routing services.

Eucon Holdings Limited is an integrated PCB solution provider for PBC manufacturers in China and Taiwan. [+]

Biosensors Notice In Change In Shareholding Interests Of Directors

Executive Directors, Mr. Kee Lock Chua, has purchased eight million ordinary shares from the Company's Chairman and Chief Executive Officer, Mr. Yoh-Chie Lu at a price of S$0.875 per share, pursuant to a Sale and Purchase Agreement dated 11 September 2006 between Mr. Chua and Mr. Lu. Under the Agreement, Mr. Lu also granted an option to Mr. Chua to purchase a further nine million shares from Mr. Lu within three years from 11 September 2006 at the same price.

Mr. Chua has been serving as a member of the board of directors since 2005 and was appointed as the President of Biosensors International Group on 1 September 2006. With this purchase of eight million shares and the option to purchase another nine million shares, Mr. Chua's shareholding interest in the Company increased from 0.05% to 1.92% of the total issued share capital of the Company as at 11 September 2006.

Biosensors International is a leader in the design, research, development and distribution of innovative medical equipment including special diagnostic and therapeutic cardiovascular catheters and interventional cardiology products. [+]

CNA: Herocan Secures RMB 100 Million Worth Of Wastewater Treatment Projects

CNA Group Ltd. subsidiary, Beijing Herocan Environmental Engineering Tech Co. Ltd, has secured RMB 100 million worth of wastewater treatment projects in China, comprising a RMB 40 million main installation contract to construct an integrated wastewater treatment plant and another agreement for a RMB 60 million Build, Operate and Transfer wastewater treatment project.

CNA had in late May 2006 expanded its business into the water and waste treatment industry in China through the acquisition of a 51%-stake in Herocan, which heads a group of leading water and waste treatment solutions providers in China.

The move has allowed the Group to springboard into the fast-growing water and environmental sector in China and is in line with the Group's efforts to expand into businesses with strong growth potential, while continuing to develop its specialisation in advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities.

CNA Group Ltd. is an award-winning specialist in the provision, design, implementation and maintenance of advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities. [+]

Midas Forms New Joint Venture With PRC State-Owned Enterprise And Three Other PRC Companies To Set Up China Northeast Light Alloy Co., Ltd.

Midas Holdings Limited has entered into an agreement with four PRC companies including a leading State-Owned Enterprise to form a Sino-foreign joint venture company, China Northeast Light Alloy Co., Ltd. The joint venture partners are Midas, State-owned Assets Supervision and Administration Commission of Harbin Municipal Government, Jinchuan Group Ltd, Heilongjiang Province Investment General Corp. and Harbin Investment Group Corporation Limited.

NELA will have a registered capital of RMB1 billion. SASAC will hold a 40% equity interest while Midas will hold a 30% stake by injecting RMB300 million into the Joint Venture. Jinchuan, HIPGC and HIGCL will each hold 10% interest.

NELA will engage in the manufacturing of aluminium, magnesium alloy plates, sheets, strips, foils, tubes & pipes, rods & bars, profiles, wires, powders, forging and down stream processed products.

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

FerroChina Employees Buy 3.2 Million Shares From Founding Shareholder

FerroChina Limited announced an open market purchase 0.93% of its share capital, by a group of employees. A total of 3.2 million shares were purchased at $0.70 per share.

The shares were sold by FerroChina's Non-executive Director, Mr Lee Tung Hsi, who has reduced his personal shareholding from 18.25 million shares to 15.02 million shares. His directorship is on a non-executive basis and he does not currently hold a management position within the Group.

Mr Lee has been a Director of FerroChina since 2004 and was one of the four founding shareholders. The rationale behind the sale was to reward the efforts of staff and encourage share ownership amongst employees.

FerroChina is a leading manufacturer of galvanised steel coils in Asia. [+]

SP Chemicals Increase Of Investment In Subsidiary

SP Chemical has further increased its investment in SP Taixing by approximately USD5.9 million, by way of the capitalisation of dividends declared by SP Taixing, with effect from 11 August 2006. The Company has now completed its exercise of increasing the registered capital of SP Taixing to USD80.0 million.

SP Chemicals is a major chemical producer in Jiangsu province, the People's Republic of China. [+]

Global Voice Group Limited Announces Collaboration With Redbus And Global Switch To Provide Business Continuity Over A Private Fiber Network In Frankfurt am Main

Global Voice Group is collaborating with datacenter providers Redbus Interhouse (Germany) GmbH and Global Switch FM GmbH to launch a unique distributed datacenter solution for the provision of Business Continuity in the city of Frankfurt am Main. The first customer to sign up for this service was the i:FAO Group, who has reported 100% availability of their Business Travel e-Procurement System since they began utilising the service.

A major power cut in Frankfurt in 2004 , while it did not effect i:FAO, did spur Alexander Schott, Chief Technology Officer at i:FAO, to evaluate their disaster recovery plans. Schott concluded that while all components of the IT infrastructure were already redundantly implemented, and a back-up system was in place, the risk that such a power cut would pose to i:FAO was too great to ignore.

Global Voice Group, owner of Europe's highest-capacity fiber network worth more than €2 billion, provides "private fiber networks" and business continuity services to corporations, carriers, and service providers throughout Europe's largest economies. [+]

Vita To Expand Property Leasing And Management Portfolio Overseas

Wholly owned subsidiary, Vita Property Management Pte Ltd, has incorporated an associated company in the People's Republic of China, Shandong Tada Vita Parking Co., Ltd. This is a joint venture with China City Parking Holdings Ltd and Jinan Heng Ji Tada Auto Parking Management Co., Ltd. Shandong Tada Vita will be engaged in the development and management of car park structures and systems in the PRC.

Vita will have a 49% stake in the joint venture company, while China City Parking and Jinan Heng Ji will hold stakes of 45% and 6% respectively.

Vita will invest US$1.25 million to purchase the land rights for the car park space while both China City Parking and Jinan Heng Ji will invest US$10,000 each and bear the costs of the car park equipment as well as the construction for a 272-lots car park in Dalian, PRC. This project is located in the Central Business District of Dalian City. It is a 16-storey building which accommodates offices as well as retail units.

Vita is a diversified group with shipping, property leasing and management and coal trading interests. [+]

Food Empire Announces Appointment Of Non-Executive Director

Food Empire Holdings Limited has appointed Mr Hartono Gunawan as the non-Executive Director.

Mr Gunawan was appointed an Executive Director of the Salim Group in 1990. Since then, he has served and continues to sit on the Board of Commissioners and the Board of Directors of various Indonesian companies within the Salim Group. In his capacity, he is responsible for the overall corporate governance of the Salim Group including setting its direction, establishing goals for management and monitoring the achievement of those goals.

Food Empire Holdings is a leading food and beverage company that manufactures and markets instant beverage products, frozen convenience food, confectionery and snack food. [+]




Boustead Increase In Shareholdings In Subsidiaries

Boustead Singapore Limited has acquired 39,570 ordinary shares in the paid-up capital of the Company's subsidiary, ESRI Australia Pty Ltd, 17,500 ordinary shares in the paid-up capital of the Company's subsidiary, ESRI South Asia Pte Ltd and 7,500 ordinary shares in the paid-up capital of the Company's subsidiary, Geographic Business Systems Pty Ltd from a minority shareholder.

The aggregate purchase consideration for the Acquisition was A$309,266.82. The principal business activities of ESRIA, ESRISA and GBS are those relating to the sale and support of geographic information system software products and the provision of related consulting services.

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

CDI Incorporation Of A New Subsidiary

Communication Design International Limited 51% owned subsidiary, Above Consultancy Limited, has incorporated a wholly-owned subsidiary, Above Events Ltd.

AEL was incorporated in the United Kingdom on 1 August 2006 with an issued and paid-up capital of 100 shares of £1 each. AEL is principally involved in the designing, building, installation and implementation of environmental displays, including display booths for kiosks, trade and road shows.

The incorporation of AEL is in line with the Group's strategy to strengthen its position, and broaden its presence in Europe.

Communication Design International Limited is an international marketing and communications company with operations mainly in Singapore, UK, Germany and the PRC. [+]

Wearnes' Subsidiary Appointed Volkswagen Dealer In Malaysia

WBL Corporation Limited wholly-owned Malaysian subsidiaries has been appointed a Volkswagen distributor in Malaysia. This is the Wearnes Group's first partnership with Volkswagen.

The appointment increases the range of passenger cars distributed by Wearnes in the region. The dealership will be a 3S facility, ie. offering sales, service facilities and spare parts for customers. The Wearnes-Volkswagen facility is expected to be ready in November 2006. It will be located next to Wearnes' existing Volvo dealership off Jalan Sungei Besi (5 & 7 Jalan Dua) in the Klang Valley, which has a proven track record of being one of the top dealers for Volvo.

Wearnes started as an automotive distributor and trader in 1906 and currently holds the distributorships and dealerships for a whole range of passenger and commercial vehicles. [+]

DMX Cyber Defense Solution Chosen To Strengthen Network Security For MTR Corporation In Hong Kong

Hong Kong's largest mass transport company, MTR Corporation has selected DMX Cyber Defense Solution to strengthen the security of its information networks.

Under the contract, valued at US$641,000, DMX will design and implement its Cyber Defense Solution that safeguards MTR Corporation's networks against both external and internal attacks and intrusions.

DMX will also provide a managed network security service package to MTR Corporation. The package includes network security monitoring service through its innovative Network and Security Response Center to complement the Group's Cyber Defense Solution, one of the best in its class in the industry.

DMX Technologies Group Limited is a new breed of system architects in Asia. [+]

FerroChina To Acquire Two PRC-Based Steel Processors

FerroChina Limited has proposed to exercise its rights under call option agreements to purchase 100% of the equity in Changshu Xinghai Advanced Building Material Co., Ltd and Changshu Xingyu Advanced Building Material Co., Ltd for a total cash consideration of US$8.5 million.

The call option was granted in April 2005 and was disclosed in FerroChina's IPO Prospectus. FerroChina has appointed PricewaterhouseCoopers Corporate Finance Pte Ltd as an independent financial advisor to advise the board.

Xinghai and Xingyu are both registered in the People's Republic of China. Each of the companies has been granted a license by the Jiangsu Province authority to produce cold rolled steel coil products. Xinghai's principal business activity is the manufacture and sale of cold rolled coils and antisepticised coils whilst Xingyu manufactures and sells cold rolled coils.

FerroChina is a leading manufacturer of galvanised steel coils in Asia. [+]

Interview: Darco Aims For 2-3 Taiwan Water Projects A Yr

Darco Water Technologies Ltd. is aiming to secure two to three new municipal water projects a year in Taiwan, and continues to have discussions for an international engineering company to take a minority stake

The company also affirmed the consensus forecast for 2006 net profit of S$7.2 million to S$7.3 million for 2006.

Darco is bidding for several projects in Taiwan worth $30 million to $60 million each. The company is building two wastewater treatment plants around Hsinchu city in northern Taiwan worth S$46.2 million and S$29.3 million.

Darco is a provider of integrated engineering and knowledge-based water treatment and environmental engineering solutions. [+]

Sarin To Incorporate New AGS Cut Grading Standards

American Gem Society, a leading US jewelry trade association has granted Sarin a three-year exclusivity period to embed the new AGS standards for round brilliant and princess cut diamonds in its products for planning rough diamonds and re-cutting polished diamonds, for the benefit of the worldwide manufacturing community.

Sarin is a worldwide leader in the development and manufacturing of advanced planning, evaluation and measurement systems for diamond and gemstone production. [+]

Sinwa Signs Contracts Worth SGD15 Million

Shell International Trading and Shipping Company Limited has renewed their tanker supply contract with Sinwa for another year.

Teekay Shipping Corporation, the largest operator of medium-sized tankers and also the world's leading operator of offshore loading shuttle tankers, has awarded the contract to Sinwa to be the preferred supplier for general ship store, consumables and provisions in Singapore.

Sinwa also won a contract by Kristian Gerhard Jebsen Skipsrederi A/S for the supply of general ship stores, consumables and provisions to their vessels, including all necessary logistics and warehousing support.

Sinwa is Asia Pacific's largest marine supply company servicing the oil and gas industry and sea-going vessels in Singapore, the PRC and Australia. [+]

Biosensors To Participate In The UBS Global Life Sciences Conference

Biosensors will be participating in the UBS Global Life Sciences Conference which is being held from 25 - 28 September 2006 in New York. Mr. John Shulze, Chief Technology Officer, will make a 30-minute presentation on 26 September, 3:00 a.m. Singapore time.

A live webcast of the presentation will be available at the UBS website. To access this webcast, interested parties are required to log on to www.ibb.ubs.com, find the "Conferences" link in the middle right side of the page, click on the graphic link, and follow link for "Webcast" next to the 2006 Global Life Sciences Conference.

This webcast is being hosted by UBS. The replay will be archived and made available in the "Company's Presentation" section of Biosensors' Investor Relations site at www.biosensors.com, approximately 6 hours after the end of the presentation.

Biosensors International is a leader in the design, research, development and distribution of innovative medical equipment including special diagnostic and therapeutic cardiovascular catheters and interventional cardiology products. [+]



CEO's Walk The Talk

"..We are very pleased to be able to distribute Volkswagen in Malaysia. Coming soon after we announced our strategic partnership with Renault in Singapore, we believe this will further strengthen our core Automotive Division. We will continue to look for opportunities to build the automotive business, to tap on our expertise which has been honed over the last 100 years..."
Mr Tan Choon Seng
Chief Executive Officer
WBL Corporation 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 ¨C 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 and offshore industry in Asia-Pacific.

Historical Price Data
 Date Open High Low Close
 15 Sep 2006  0.270  0.275  0.260  0.265
 14 Sep 2006  0.250  0.270  0.250  0.260
 13 Sep 2006  0.250  0.255  0.250  0.250
 12 Sep 2006  0.250  0.255  0.250  0.250
 11 Sep 2006  0.240  0.245  0.240  0.245

Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Dividend ($) d
52 Weeks High
Par Value ($)
Dividend Yield (%) d
52 Weeks Low
Market Cap (M)
Issued & Paid-up Shares c
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 10/08/2006. 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

14 Sep 2006 Sinwa Signs Contracts Worth SGD15 Million
21 Aug 2006 Evenstar Investments Pte Ltd
10 Aug 2006 Half Year Financial Statement And Dividend Announcement
10 Aug 2006 Sinwa's Half-Year Net Profit Up 9.4% To $3.5 Million
22 Jul 2006 Evenstar Investments Pte Ltd

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