25 September 2006      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 Heshe
274,412 
 Synear
184,749 
 SingTel
148,858 
 THBEV
122,239 
 Wilmar
92,382 
Weekly movement as at 22 September 2006
WEEK'S TOP GAINER
 Name
Price  
Chg 
 Bukit Sem
21.700 
+1.900
 Shang Asia 2kHK$
16.300 
+0.900
 OmegaNav 50
24.000 
+0.500
 Sp Land
7.850 
+0.450
 JMH 400US$
18.200 
+0.300
Weekly movement as at 22 September 2006

 
HEADLINES FOR THE WEEK
Hyflux: To Receive US$45 Million Funding From The International
Finance Corp
Ascott Trust: Raised $48.4 Million From Placement Of New Units
CSC Holdings: To Acquire L&M Foundation Specialist For $17.3
Million


China EnerSave: Dubai Investment Up Stake To 12.9% From 1.73%
Singtel: Finance Chief Ms Chua Sock Koong Promoted As New CEO
HMI: To Buy Malaysia's Premier Health Corp For RM18.5 Million
Ho Bee: En Bloc Buy Of Orange Grove Condominium For $142 Million
Labroy: Clinched US$60.4 Million Shipbuilding Contracts From
Greatship (India) Ltd.
 
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HOT Off The Press

Zhongguo Powerplus Group Participates In Germany Exhibition


The wholly owned subsidiary of Zhongguo Powerplus Industries Limited, Linyi Sanhe Yongjia Power Co., Ltd, had successfully participated in the Spoga & Gafa 2006 exhibition in Cologne, Germany held in early September 2006. This exhibition is considered to be one of the world's leading trade fair for the garden and leisure market and is held annually in Germany.

During the exhibition, the management team had received an indicative order for approximately 116,000 units of power tools products. These products are expected to be delivered over the next 12 months commencing from the month of October 2006. The customers are located mainly in the European region.

Zhongguo Powerplus Industries Limited is principally engaged in the design, production and sale of portable power tools including gasoline engines, mist duster and brush cutter. [+]

Noble Group Joins Elite On S&P Global Challengers List


Noble Group was named as world challenger to the world's leading blue chip companies in the S&P Global Challengers List. Included in the list are Sino Land, TPV Technology, and Techtronic Industries.

Designated the S&P Global Challengers, the list comprises publicly traded companies that show the highest growth characteristics along dimensions encompassing intrinsic and extrinsic growth.

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

CNA Awarded US$6.5 Million Airport Project In Qatar


CNA Group Ltd. has been awarded a US$6.5 million project to design and build a customised Airport Special System for the Very Important Persons Terminal of the New Doha International Airport to be built in Qatar. It is CNA's second project in the Middle East since expanding into the region less than six months ago.

The contract to build the Emiri (Royal) Terminal section of the NDIA was jointly secured with the Group's long-standing partner, Takenaka Corporation, a global leader in the architecture and construction industry, with CNA responsible for handling the relevant control and automation sub-systems. Takenaka is actively involved in the development of airports throughout the world.

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. [+]

Global Voice Launches High-Power Density Datacenter In Amsterdam


Global Voice Group has launched and gone live with 3,000 square meters of premium datacenter co-location space in Amsterdam. This new Amsterdam datacenter further complements Global Voice's metropolitan fiber networks in Amsterdam, Rotterdam, Den Haag and Utrecht, and its long-haul network connecting The Netherlands with the largest economies in Europe.

Constructed in 2000, this state of the art datacenter currently consists of 3,000 meters of technical co-location/hosting space, is expandable to 6,000 square meters, and adds to the existing datacenter space already operated by Global Voice in Dublin and Frankfurt. With 12 mega watts of available power, Global Voice's Amsterdam Datacenter delivers exceptional high-power density, translating into maximum computing capability per square meter for Global Voice co-location customers.

Global Voice Group Limited owns and operates Europe's highest capacity fiber network and provides mission critical communication infrastructure and services to large corporates, carriers, and service providers. [+]

Natural Cool Increase Of Investment In Natural Cool Investments Pte. Ltd.


Natural Cool Holdings Limited has increased its investment in its wholly-owned subsidiary, Natural Cool Investments Pte. Ltd. in that it has subscribed for and was allotted an additional 199,999 shares in the capital of NCI for cash consideration of S$199,999.00. Following the subscription, the issued and paid up capital of NCI is increased from S$1.00 to S$200,000.00.

Natural Cool Holdings is Singapore's leading air-conditioning and switchgear specialist, and the only company with this combined expertise listed on the Singapore Exchange. [+]

Noble Chosen For Key Ethanol Position On NYBOT


In a move that signals the global character of the fast-growing clean-fuels market, Fabrizio Zichichi has been named to the Ethanol Committee of The New York Board of Trade's Board of Governors. Zichichi is a senior executive of Noble Americas Corp., a unit of global supply chain manager Noble Group.

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

M.E. Development L.L.C To Acquire Majority Shareholding In Hitchins Group Ltd


M.E. Development L.L.C. a leading real estate developer in the Middle East with headquarters in Dubai, has signed an agreement to take up a majority stake in Hitchins Group Ltd.

The corporate exercise, when completed, would raise in excess of SGD 19.0 million for the Company. It is proposed that the Company be renamed "M.E.D Singapore Limited," or such other name as may be agreed between MED and the Company.

Hitchins' core business is providing integrated solutions for the waterproofing and protection of building and concrete structures. [+]

Midas Receives Approval For Its Joint Venture To Manufacture Metro Trains


•  Obtained approval from the State Development and Reform Commission of the People's Republic of China.

•  JV Company to include Sanpower Group Co., Ltd in place of Nanjing Metro Co., Ltd.

•  Changes JV Company name to Nanjing SR Puzhen Rail Transport Co., Ltd.

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

Sinwa In JV With KS Energy Services Limited


KS Energy Services Limited will establish a 50:50 joint venture with Sinwa Limited, to acquire and subsequently charter a new self-propelled offshore jack-up rig to a Central American based national oil company for use in the Gulf of Mexico. This is the second new self-propelled offshore jack-up rig to be chartered to this client.

The value of the charter contract is approximately US$109.5 million over 5 years, comprising an initial fixed term of 3 years with an option to extend for another 2 years. At the end of the charter, the JV as owner of the Rig will be able to re-deploy the asset for other operations.

The JV will have an initial paid up capital of US$500,000 and the total project cost will be funded by a combination of equity, shareholders' loans as well as bank borrowings. KS Energy will play a key role in the construction, installation, commissioning, supervision and the subsequent management of the Rig. For these services, KS Energy will be entitled to an annual management fee from the JV. Both KS Energy and Sinwa intend to supply parts and other procurement services to support the Rig operations.

KS Energy is an energy services group catering to the oil & gas and petrochemical industries around the world.

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

Singapore Computer Systems Secures Contract To Implement Hospital Information System For Parkway Group In Shanghai


Singapore Computer Systems Limited has been awarded a contract by Parkway Group Healthcare to implement SCS' integrated Hospital Information System for the Shanghai Gleneagles Medical and Surgical Centre.

Gleneagles Shanghai is Parkway's first medical centre in China and is a joint venture with Huashan Hospital, a leading local hospital. Gleneagles Shanghai will be a premium international medical and surgical centre with the latest medical technology, and top international and local medical professionals.

SCS will design and implement a web-based dual-language iHIS solution for Gleneagles Shanghai. This project involves the development and setting up of a full range of solutions for Inpatient and Outpatient management, as well as Electronic Medical Records management.

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

In line With Their Fleet Expansion Policy, Swissco Orders Another 40m Anchor Handling Tug


Wholly-owned subsidiary, Swissco Offshore Pte Ltd, has placed an order for a new 40m anchor handling supply vessel.

Swissco has awarded the contract to a Chinese Shipyard in Guangzhou, PRC. This is the 12th contract awarded to this Chinese Shipyard and is the 4th vessel of a similar design. The vessel is scheduled for delivery in 2nd half of FY07.

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. [+]

Aztech Win Securities Investors Association Of Singapore Investors' Choice Award 2006 - Most Transparent Company Award


Aztech Systems Ltd has won the Most Transparent Company Award - SESDAQ category, at the Securities Investors Association of Singapore Investors' Choice Award 2006.

Nominated by analysts, fund managers, financial journalists and retail investors represented by SIAS, the award win is attributed to Aztech's continual aggressive approach to improve transparency in its corporate governance and business activities.

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

 



A-REIT To Develop A Build-To-Suit Building At Changi Business Park For S$28.6 Million



A-REIT will undertake the development of a partial build-to-suit business park building at Plot 15 Changi Business Park with Rohde & Schwarz Singapore Pte Ltd as the anchor tenant. The proposed development is expected to cost about S$28.6 million.

Located in the eastern part of Singapore and within the Changi Business Park, the property under development is within walking distance to the Expo MRT station and is in close proximity to the Singapore Expo and Singapore Changi Airport. It is easily accessible via the Pan Island Expressway and East Coast Parkway; and a 15-minute drive to the Central Business District.

Sited on a land area of 7,779 sqm, the proposed Property will be a seven-storey business park building with 144 basement car park lots. The land will be held on a 60-year lease commencing 1 November 2006 with an option to renew for 30 years.

A-REIT is the first business space and light industrial real estate investment trust listed on the SGX-ST. [+]

Acquisition Of Associate Company By Oniontech Co.,Ltd.


Oniontech Co., Ltd has acquired 8,570 shares, representing 28.6% of the shareholding interest, in Convergence Square Co.,Ltd for KRW299,950,000.

Convergence Square Co.,Ltd is a company incorporated in Korea with an authorized share capital of KRW200,000,000 and a paid up share capital of KRW5,000. Convergence Square Co.,Ltd is a GPS navigation software solutions and contents provider with its main navigation brand of "CongNavi". OT Korea expects to generate benefits from cooperation with Convergence Square Co., Ltd through its network platform technology as well as contents distribution channels in the multimedia portable devices market.

Oniontech Limited is a provider of software solutions and content-related services for value added services in mobile telecommunications. [+]

COSCO Wins Its First FDPSO Contract Valued At US$120 Million


COSCO Corporation (Singapore) Limited 51%-owned subsidiary, COSCO Shipyard Group has secured a contract from MPF Corporation Limited, to build the hull of a Floating, Drilling, Processing, Storage and Offloading Vessel. The contract is valued at US$120 million.

The vessel, which combines drilling, production and storage facilities is the largest and most versatile drill ship ever built. It is designed for multifunctional use in ultra-deep waters.

COSCO Corporation is a diversified group with core activities in shipping and shipping related services. [+]

Natural Cool Increase Of Investment Naco Environmental And Engineering Pte. Ltd.


Natural Cool Holdings Limited has increased its investment in its wholly-owned subsidiary, Naco Environmental and Engineering Pte. Ltd in that it has subscribed for and was allotted an additional 199,999 shares in the capital of Naco for cash consideration of S$199,999.00. Following the subscription, the issued and paid up capital of Naco is increased from S$1.00 to S$200,000.00.

Natural Cool Holdings is Singapore's leading air-conditioning and switchgear specialist, and the only company with this combined expertise listed on the Singapore Exchange. [+]

STAR Pharm Proposed Issue Of 66,668,000 New Redeemable Convertible Cumulative Preference Shares To Raise Net Proceeds Of S$38 Million


STAR Pharmaceutical Limited is proposing to issue 66,668,000 new redeemable convertible cumulative shares at a subscription price of S$0.60 for each RCPS. This is approximately 28.5% of the Company's existing issued share capital. Net proceeds are estimated to be S$38.0 million.

PrimePartners Corporate Finance Pte. Ltd. has been appointed as the issue manager and sub-placement agent for the Issue while DMG & Partners Securities Pte. Ltd. will be appointed as the placement agent. PPCF shall give the investors and/or funds managed by, affiliated with or arranged by CK Capital Management Pte Ltd the first right to subscribe for S$20 million of the RCPS Issue.

The RCPS are convertible to 66,668,000 ordinary shares at a conversion ratio of 1 RCPS to 1 Conversion Share at any time during the 5-year period from the issue date to the maturity date. A preference dividend of 5% will be payable on an annual basis to the RCPS holders.

STAR Pharmaceutical Limited is specialised in the manufacture and sale of both western and TCM-formulated prescription drugs. The Group's manufacturing facility is based in Qionghai City in the People's Republic of China. [+]

Trek Moves To Strengthen IP Initiatives


Trek 2000 International Ltd is working in conjunction with Microsoft's SME Business Plus program to establish a new marketing platform to differentiate and enhance Trek's intellectually protected solutions.

Trek has developed the ThumbDrive™ Mini with AES. This solution allows users to encrypt all files on the drive with the Advanced Encryption Standard technology, an encryption standard that is adopted by the US government.

This particular range of ThumbDrive USB Flash Drives is offered in conjunction with Microsoft's SME Business Plus program, a program designed to provide more value to small and medium enterprises using genuine Microsoft® software. These drives will be pre-loaded with useful Microsoft® software and business document templates.

Trek 2000 International Ltd, an industry leader, innovator and patent owner of the ThumbDrive® offers state-of-the-art design solutions ranging from portable storage devices, digital technology, wireless, and encryption to sophisticated Enterprise solutions all catering to the fast changing digital industry. [+]

SMB United New Subsidiary


Quantum Automation Pte Ltd, a subsidiary of the Company, has incorporated a 51% owned subsidiary, Blue Tree EMS Pte Ltd.

Blue Tree EMS is incorporated in Singapore with a paid-up capital of S$100,000 to undertake the research and development, manufacturing and distribution of electronic components.

The above investment in Blue Tree EMS is in line with the Group's expansion strategy and would complement and enhance QA's scope of products and services.

SMB United Limited is a leader in providing quality products and solutions for the switchgear, electric utilities, power quality, energy monitoring and building services markets. [+]

Food Empire Incorporation Of New Subsidiaries


Food Empire has incorporated the following wholly owned subsidiaries, Pavo Holding Limited, Lovena Limited, F.E Production Ltd and Delta Future. The incorporation of the subsidiaries is for the purpose of establishing and supporting the Company's operations in Ukraine.

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

Trek Expands IP Ownerships To China And India


Trek 2000 International Ltd has received patents and trademark approvals in India and China for its patents. The awarding of these patents affirms Trek's status as the innovator of the USB portable storage device solution.

These latest developments will mean that Trek will now have the ability to enforce the intellectual property rights over its ThumbDrive® solutions in both these countries. The high economic growth in both China and India will open up large market opportunities for Trek. Most importantly, the high proliferation of IT usage in both China and India will also translate into potentially high consumer demand for the ThumbDrive® solutions.

Trek 2000 International Ltd, an industry leader, innovator and patent owner of the ThumbDrive® offers state-of-the-art design solutions ranging from portable storage devices, digital technology, wireless, and encryption to sophisticated Enterprise solutions all catering to the fast changing digital industry. [+]

A-REIT To Acquire A Logistic & Distribution Centre Building For S$22.5 Million


A-REIT has signed a put and call option agreement to acquire a building under development located at Pioneer Walk in Jurong Industrial Estate, from Goldin Enterprises Pte Ltd for a purchase price of S$22.5 million. The Property will only be acquired after Goldin completes the construction of the Property and all conditions precedent are met which include fulfillment of the fixed investment criteria by Goldin and approval from JTC Corporation for the transfer of the land lease.

The acquisition of the Property will be accretive to A-REIT's distributable income per unit and the annualised pro forma financial effect of the acquisition on the DPU for the financial year ended 31 March 2006 would be an additional 0.05 cents per unit.

The Property which is located at Pioneer Walk in Jurong Industrial Estate will be a two-storey ramp-up warehouse with adjoining office and 40 car park lots, and container depot. It is expected to have a gross floor area of 20,000 sqm, and is situated on a land area of 25,000 sqm. The land is on leasehold title of 30 years which started on 1 May 2006.

A-REIT is Singapore's first listed business space and industrial real estate investment trust. [+]




CEO's Walk The Talk

"..We're excited by the large potential offered through this venture with MED that will strategically strengthen the Hitchins Group's position in the Middle East, adding to our current operations out of Singapore as well as the PRC..."
Mr Michael Wong
Managing Director
Hitchins Group



Highlighted Company


Trek 2000 offers state-of-the-art design solutions ranging from portable storage devices, digital audio and video products to wireless and encryption - all catering to the fast changing digital industry. Trek has offices all over the world including the U.S., Malaysia, Thailand, India, Hong Kong, Singapore, the Netherlands, China, the Philippines and Japan to serve the rapidly expanding markets in all regions. A public company on the Singapore Stock Exchange (SGX:TREK), Trek 2000 International Ltd is named by Forbes Global as one of the Best Small Companies in the World for 2000 and 2002. Trek 2000 International Ltd is also ranked as the Best Managed Small Company in Singapore by AsiaMoney (of Euromoney).





































Historical Price Data
 Date Open High Low Close
Volume  
 22 Sep 2006  0.550  0.565  0.550  0.555
619,000 
 21 Sep 2006  0.520  0.535  0.520  0.535
208,000 
 20 Sep 2006
-
-
-
 19 Sep 2006
-
-
-
-
 18 Sep 2006  0.510  0.510  0.510  0.510
10,000 

Fundamentals
Historial EPS ($) a
  0.01594
Rolling EPS ($) e
  0.02213
NAV ($) b
  0.2462
Historical PE
  34.818
Rolling PE f
  25.079
Price / NAV b
  2.254
Dividend ($) d
  0.010000
52 Weeks High
  0.645
Par Value ($)
  N.A.
Dividend Yield (%) d
  1.802
52 Weeks Low
  0.400
Market Cap (M)
  168.079
Issued & Paid-up Shares c
  302,845,000
 
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 16/08/2006. 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
22 Sep 2006 Change Of Company Secretaries
21 Sep 2006 Trek Expands IP Ownerships To China And India
20 Sep 2006 Trek Moves To Strengthen IP Initiatives
15 Aug 2006 Response To SGX's Queries
14 Aug 2006 Half Year Financial Statement And Dividend Announcement



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