9 October 2006      
Volume `000 
Weekly movement as at 6 October 2006
 JSH 500US$
 JMH 400US$
 SIA 200
Weekly movement as at 6 October 2006

DBS: Selling 24.69% Stake In Capital OK To Shin Corp For 665
Million Baht
Sino-Forest: Opens New Wood Flooring Manufacturing Plant In
Hotel Plaza: To Sell Grand Plaza Parkroyal Hotel For $141.2 Million
Plastoform: Launched IPO Of 88 Million New Shares At 23 Cents
Each To Raise $16.7 Million

Chip Eng Seng: JV With Lehman In West Coast Residential Project
SIA: To Receive Up To $300 Million In Compensation From Airbus
Labroy: Clinched 2 Norwegian Rig Contracts Worth US$307 Million
China Kangda: IPO 4.29 Times Subscribed
Citiraya: Resume Trading After 2 Years Suspension
FJ Benjamin: To Open 15 GAP And 5 Banana Republic Stores In
Indonesia By 2011
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HOT Off The Press

TeleChoice Expands Into Malaysia's Telecommunications Services Market Through Subsidiary N-Wave Telecoms (Malaysia) Sdn. Bhd

TeleChoice International Limited is expanding into Malaysia's telecommunications services market through its subsidiary N-Wave Telecoms (Malaysia) Sdn. Bhd. TeleChoice holds 70% of the issued and paid-up share capital of N-Wave, through its subsidiary Nexwave Telecoms Pte. Ltd.

N-Wave has secured approval, with effect from 20 September 2006, to provide IP telephony services in Malaysia. The approval comes pursuant to the Applications Service Provider class license scheme for various telecommunications services such as PSTN telephony, public cellular services, IP telephony and Internet access services, under Malaysia's Communications and Multimedia Act 1998.

N-Wave will offer long distance call and international calling card services in Malaysia, after recently acquiring the long distance call and international calling card services-related businesses and assets of Kajang Inter Group Berhad and KIGB DOTCOM (Malaysia) Berhad.

TeleChoice International Limited is a regional diversified provider and enabler of innovative communications. [+]

C2O Secures Distributor Agreement With Palm

C2O Holdings Limited has been appointed by Palm Asia Pacific Limited as the distributor for the new Treo 750v, which has taken the European markets by storm. C2O will distribute the Palm Treo 750v in Singapore, Malaysia and Indonesia.

The Group expects the new product to contribute positively for the financial year ending February 28, 2007.

C2O Holdings Limited is a regional distributor of infocomm products and outsource services. [+]

ASL Marine Secures Shipbuilding Contracts Worth S$51.4 Million

Wholly-owned subsidiary, ASL Shipyard Pte Ltd has secured new shipbuilding contracts worth a total of S$51.4 million for the construction of 4 Azimuth Stern Drive Tugs and 1 Offshore Maintenance Vessel.

These contracts are ordered by an European customer who will deploy these vessels in the Middle East for Liquefied Natural Gas terminal operations. The Middle East currently has the largest reserves of natural gas and as new reserves are discovered and processed, growth in the LNG industry will continue. These buoyant infrastructure projects in the Middle East may present further growth opportunities for the marine industry.

ASL Marine Holdings Ltd. is a fast-growing and dynamic marine company. [+]

Memtech Appointment Of Chief Operating Officer And Executive Officer

Memtech International Ltd has appointed Mr. Yap Chin Kuan as Chief Operating Officer of the Company with effect from 1 October 2006. Mr. Yap is a director of the Company and General Manager of the subsidiary, Dongguan Memtech Electronic Products Co., Ltd.

Following Mr. Yap's new appointment, he will relinquish his role as General Manager of Dongguan Memtech and remain as a director of the Company. Mr. Heng Ngee Boon, existing Deputy General Manager of Dongguan Memtech since January 2004, will assume the role of General Manager of Dongguan Memtech with effect from 1 October 2006.

Memtech is an integrated precision moulded components manufacturer for the mobile phone, IT equipment and automotive industries. [+]

C&O Pharm Enhanced Distribution Capabilities And Product Portfolio Expansion - Key Initiatives To Long Term Growth Strategy

The Group's vision is to grow into a leading pharmaceutical enterprise in China in terms of product mix and market share. The acquisition of Shenzhen Liancheng Medicine Company Limited in July this year to enhance the Group's marketing and distribution network is an essential step in fulfilling this vision.

With Liancheng, the Group's distribution network has significantly expanded to about 400 distributors covering over 100,000 hospital, clinics and pharmacies across the whole of China. Having greater control over a larger distribution network, the Group is able to extend its reach and deepen market penetration for its drugs within a shorter period of time.

C&O Pharmaceutical principle activities include the research, manufacturing and marketing of C&O branded pharmaceutical products as well as the distribution of third party pharmaceutical products in all the provinces of China. [+]

Asiatravel.com 4th Quarter And Full Year Room Nights Growth Performance

Asiatravel.com strategic decision to focus all the Group's resources on its profitable high growth core online reservation business is continuing to yield positive results in the 4th quarter ended 30 September 2006.

On the average, total online monthly room nights are seeing growth of 55%, 52% and 29% in July, August and September 2006 respectively resulting in the 4th Quarter year-on-year growth of 45%.

With the 46% growth recorded in 3QFY2006, 42% growth recorded in 2QFY2006 and 33% growth record in 1QFY2006, this brings the year-on-year growth to 42% for the financial year ended 30th September 2006.

Asiatravel.com Holdings Limited is Pan Asia's leading Internet-based hotel reservation & travel service provider with vast network of 10 customer service centers and physical development offices spread over 7 countries. [+]

Kingsmen Confirmed Contracts Achieved As At 30 September 2006

Kingsmen Creatives Ltd has achieved confirmed contracts of approximately S$86 million for the financial year ending 31 December 2006 as at 30 September 2006.

The more recent confirmed contracts/projects include the i-Space Exhibition and the Nanotechnology Exhibition at the Singapore Science Centre totaling approximately S$10 million in contract value, as well as interior projects at Vivo City totaling more than S$7 million in contract value, including projects undertaken for Eu Yan Sang, FJ Benjamin, Robinsons Group, Samsung and Esprit. These projects are scheduled for completion in the fourth quarter of 2006.

Kingsmen is a leading communications design and production group in Asia Pacific and the Middle East. [+]

Olam Incorporation Of Subsidiaries

Olam International Limited has incorporated 2 wholly-owned subsidiaries.

Olam Honduras, S.A. is incorporated with an paid-up Capital of HNL25,000 divided into 250 shares of HNL100 each. The principal activities are sourcing and supply chain management of agricultural products and food ingredients
Country of Incorporation in the Republic of Honduras.

Outspan Colombia S.A. is incorporated with an authorised capital of COP5,000,000,000 divided into 5,000 shares of COP1,000,000 each. The paid-up Capital is COP3,000,000,000 divided into 3,000 shares of COP1,000,000 each. The principal activities are sourcing, processing and supply chain management of agricultural products and food ingredients in the Republic of Colombia.

Olam is a leading global integrated supply chain manager of agricultural products and food ingredients. [+]

Osram Opto Semiconductors GmbH Appoints Esmart Holdings Limited's Wholly Owned Subsidiary, Teknologi E-S Sdn Bhd As A "Certified Partner" For Its Internet Platform "LED Light For You."

Esmart Holdings Limited wholly owned subsidiary, Teknologi E-S Sdn Bhd has been appointed as a "Certified Partner" by Osram Opto Semiconductors GmbH for Osram's internet platform "LED Light for you."

LED's are powerful light sources that will soon be a regular feature in general lighting. Osram has developed the "LED Light for you" platform to provide extensive know-how in matters relating to the use of LED in this arena. The platform is open and allows specialists to develop with all the components required for an LED solution to serve market sectors including thermal protectors, optical systems and electronics.

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

Epure's IPO Receives Strong Response From Institutional And Individual Investors

•  Invitation attracted institutional investors like Schroder Investment Management (Singapore) Ltd. and UOB Asset Management Ltd.

•  IFC holds 10% of the issued share capital of the Company immediately after listing.

•  Proceeds will be used to undertake new large-scale and complex turnkey projects; repay short-term bank loans.

Epure is one of the leading turnkey water and wastewater treatment solutions providers in the PRC that is backed by extensive R&D, technical expertise and a proven track record. [+]


China Petrotech Deploys More Oilfield Service Teams

China Petrotech Holdings Limited has secured new service contracts for one logging team in Ta Zhi Oil Field (Xinjiang), under its 60%-owned subsidiary Ba Zhou Zhong You Yang Guang Oil and Gas Technology Limited Company, and for two logging teams from Yanchang Oil Fields Co. Ltd, under wholly-owned subsidiary Xi'an Cenozoic Oilfield Information Engineering Co. Ltd. Yanchang is the fourth largest oil field operator in China. With these three new contracts, CPHL will have a total of nine logging teams deployed in China oil fields.

As the scope of work in Ta Zhi Oil Field is usually more complex given the deeper exploration wells there, annual revenue generated are estimated to be higher at RMB5 million per team. On the other hand, with less complex and shallower wells from Yanchang, CPHL management estimates service revenue to be about RMB3 million annually.

China Petrotech Holdings Limited is a leading technology-based oilfield services company providing services such as technical advisory, E & P project management as well as specialized upstream oil and gas software solutions. [+]

Asiapharm Expands Product Portfolio With Launch Of Pantoprazole Sodium Enteric-Coated Pellet Capsule - New Oral Formulation For The Treatment Of Chronic Peptic And Gastric Ulcers

AsiaPharm Group Ltd. wholly owned subsidiary Shandong Luye Pharmaceutical Co., Ltd has received the New Drug Approval from the State Food and Drug Administration of the People's Republic of China for its Pantoprazole Sodium Enteric-coated Pellet Capsule.

With the product launch expected in 2007, AsiaPharm will expand its existing product portfolio in the treatment of peptic ulcers, targeting the growing PRC urban population which is affected by such lifestyle and stress induced ailments.

Utilising a sustained release technology developed by AsiaPharm's dedicated R&D team, the new Pantoprazole Sodium Enteric-coated Pellet Capsule is able to release the active ingredients with a higher degree of accuracy than comparable products, while maintaining the drug's maximum efficacy as it travels through the digestive system.

AsiaPharm Group Ltd. is a leading specialty pharmaceutical group in the People's Republic of China focusing on the research and development, production and sale of natural drugs and drug delivery systems. [+]

Reuters Interview - Asia Environment Wants Regular Earnings Flow

Asia Environment Holdings Ltd. wants to move away from mainly building water treatment systems to operating them in order to earn a steady revenue stream.

The firm already earns about half of its revenues from its "Build-Operate-Transfer" projects, but wants to secure more of these from municipal governments as they provide a steady revenue stream. Turnkey services, where the customers pay for the delivery of a facility, contributed just 7.6 percent of revenue in 2005.

Asia Environment Holdings Ltd is one of the leading integrated water and wastewater treatment solution providers in the People's Republic of China. [+]

Boustead Energy-Related Engineering Division Secures S$35 Million In Oil & Gas Contracts

Boustead Singapore Limited energy-related engineering division has been awarded two contracts totalling S$35 million. 25% of the value of the contracts is expected to be completed within the current financial year ending 31 March 2007.

The latest contracts involve the design, process engineering and construction of key process equipment for a large refinery in North America and an LNG processing facility in North Africa.

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

Biosensors Receives Regulatory Approval To Market S-Stent In Japan

Biosensors Japan Co, Ltd. has received regulatory approval of its coronary bare metal S-Stent™ from the Japanese Ministry of Health Labor and Welfare. With this approval, Biosensors Japan will begin the marketing and commercialization of the S-Stent in Japan, a country whose coronary stent market is estimated to be more than US$600 million, according to industry estimates.

Biosensors' S-Stent features a new-generation corrugated ring stent with a proprietary Quadrature LinkTM system which provides enhanced deliverability and safety while maneuvering in smaller and more tortuous vessels.

A 110-patient clinical trial conducted by Primary Investigator Dr. Taiichiroh Meguro, President, Director and Chief of Cardiology at Sendai Kousei Hospital in Sendai, Japan, demonstrated a low restenosis rate of 10.9 percent compared to a high of 35 percent in other bare metal stents. Restenosis is the re-narrowing of the arteries following implantation of coronary stents.

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

Fu Yu Increase In Paid-Up Capital Of Fu Yu Moulding And Tooling (Suzhou) Co. Ltd

Fu Yu Corporation Limited has increased its investment in its wholly-owned subsidiary, Fu Yu Moulding and Tooling (Suzhou) Co. Ltd by a cash injection of US$1,000,000.00. Following this increase, the paid-up capital of Fu Yu Suzhou currently stands at US$23,639,390.37.

The injection of capital into Fu Yu Suzhou has been approved by the relevant Chinese authorities in the People's Republic of China and the investment is funded through internal resources.

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

SMT Obtains HK$480 Million (S$98 Million) Credit Facility

Surface Mount Technology (Holdings) Limited signed a 5.5 year loan agreement with 9 international banks to raise a HK$480 million term loan and revolving credit facility. The purpose of the Facilities is to refinance the amount outstanding under the 2003 syndicated loan facility and to finance the new capital expenditure and working capital requirements of the Group as it develops a Pan-China EMS Production Network.

The banks participating in the deal include the Bank of Tokyo-Mitsubishi UFJ, Ltd, Hong Kong Branch, BNP Paribas Hong Kong Branch, China Construction Bank Corporation, Hong Kong Branch, Dah Sing Bank Limited, DBS Bank Limited, Hang Seng Bank Limited, Industrial and Commercial Bank of China (Asia) Limited, Mizuho Corporate Bank, Ltd, Hong Kong Branch and United Overseas Bank Ltd.

Surface Mount Technology (Holdings) Limited is one of the largest EMS providers in Asia. [+]

Jiangsu Hengxin Technology Co., Ltd Increased Its Annual Production Capacity With Effect From October 2006

Hengxin Technology Ltd. wholly-owned subsidiary in the PRC, Jiangsu Hengxin Technology Co., Ltd, has successfully upgraded its production lines to increase production capacity of its radio frequency coaxial cables for mobile communications from 33,000 kilometres annually to 36,000 kilometres annually with effect from October 2006.

The upgrade will involve a total investment cost of RMB 1.2 million comprising machinery and installation costs.

Hengxin Technology Ltd. is one of the leading manufacturers of radio frequency coaxial cables series for mobile communications and other telecommunications equipment in the PRC, with a strong focus on research, design and product development. [+]

Submission Of New Listing Application Of Reyphon Agriceutical Pte. Ltd., A Subsidiary Of Sinomem

Sinomem had incorporated Reyphon Agriceutical Pte. Ltd., in Singapore, with an initial issued and paid-up share capital of S$2.00 comprising 2 ordinary shares of S$1.00 each. Reyphon Agriceutical is wholly-owned by the Company's 100%-owned subsidiary, Suntar Investment Pte. Ltd.

Reyphon Agriceutical has submitted a new listing application to the SGX-ST on 6 October 2006, in connection with a proposed initial public offering of Reyphon Agriceutical, which will hold the Company's current interest in Jiangxi New Reyphon Biochemical Co., Ltd., pursuant to a restructuring exercise.

Further information on the proposed IPO will be provided in due course.

Sinomem Technology Limited is a leading integrated membrane technology company. [+]

Biosensors International To Participate In The UBS Little Acorns Conference 2006

Biosensors International Group, Ltd. will be participating in the UBS Little Acorns Conference which is being held from 9 - 12 October 2006 in Singapore and Hong Kong. During the conference, Biosensors is scheduled to have one-on-one meetings with investors.

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 delighted to work closely with Palm again for the distribution of its new product. Securing this distributorship agreement shows their confidence in us and affirms our leading position in the region. We are excited about this new product as it provides a new windows interface for the first time. We expect this product to sell very well..."
Mr Patrick Peng
Managing Director and CEO
C2O Holdings Limited

Highlighted Company

Asiatravel is the first Asia-based online hotel reservation company and now ranks among the largest companies servicing inbound customers to Asia destinations.

Asiatravel's online business model is direct, straightforward and dependable. Through its website, www.asiatravel.com, would-be travellers can at anytime search, view a slew of hotel rooms at his desired destination and make a booking and receive instant confirmation with ease and free of hassle.

Our Company, which was listed on the Singapore Stock Exchange in April 2001, currently employs over 290 staff and prides itself on having extensive choices of more than 5,000 hotels and resorts in over 60 countries in Asia, the Australia and Pacific region, the Middle-East, China, Europe and the USA.

Historical Price Data
 Date Open High Low Close
 06 Oct 2006  0.230  0.235  0.230  0.230
 05 Oct 2006  0.225  0.230  0.225  0.225
 04 Oct 2006
 03 Oct 2006
 02 Oct 2006  0.215  0.215  0.215  0.215

Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Dividend ($) d
52 Weeks High
Par Value ($)
  SGD 0.015
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 16/05/2006. 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

04 Oct 2006 4th Quarter And Full Year Room Nights Growth Performance
05 Jul 2006 Miscellaneous :: 3rd Quarter Room Nights Performance
23 Jun 2006 Miscellaneous :: New Destinations For Online Instant Hotels Confirmation
15 May 2006 Half Year Financial Statement And Dividend Announcement
15 May 2006 Miscellaneous :: Asiatravel Experienced Turnaround To Achieve Half Year Net Profit Growth Of 79.5%

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