6 November 2006      
Volume `000 
Weekly movement as at 3 November 2006
 GLD 10US$
 CMB DBeCW070326B 500
 CMB DBeCW070326A 500
 JMH 400US$
Weekly movement as at 3 November 2006

Hyflux: To Build US$238 Million Seawater Desalination Plant In
Jiutian: Raises $18.9 Million Via Share Placement To Fund
Further Expansion Of DMF Plant
Frontline: Subsidiary Accel Frontline Raised $13.57 Million In
Indian IPO
PSA: Workers To Receive 4 To 7 Month Bumper Bonus

ST Engg: Clinched US$635 Million Contract From Airbus
ST Engg: 3Q FY06 Net Profit Up 10% To $115 Million
Allgreen: 3Q FY06 Net Profit Up 48% To $22.2 Million
Raffles Medical: 3Q FY06 Net Profit Up 27.5% To $4.08 Million
China Hongxing: 3Q FY06 Net Profit Up 42.1% To RMB34.4 Million
SSH: JV With French-Based Phoceenne Clinched $80 Million Shell

HOT Off The Press

CNA Wins RMB 30 Million Worth Of New Control & Automation Projects In China

•  Projects to contribute in FY 2006, with the bulk of it in FY 2007.

•  China operations have year-to-date secured RMB 105 million worth of orders.

•  Reiterates expectation that China will contribute 40-50% of FY 2006 revenue.

CNA Group Ltd. ("CNA") 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. [+]

Cosco Expanding Offshore Engineering Order Book

•  3Q06 Group sales increased 35% to $317.8m fueled by strong performances from its ship repair businesses.

•  Ship repair sales expanded 45.9% to $276.0 million driven by high value contracts and shipyard capacity upgrades.

•  3Q06 Gross profit grew 37% to $103.2 million on higher sales and margin expansion.

•  3Q06 Net profit attributable to equity holders rose 26% to $71.5 million.

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

UFS Wins Buckley 18 Condo Contract Worth S$25.6 Million

United Fiber System Ltd subsidiary Poh Lian Construction Pte Ltd has been awarded a contract from Hong Realty Pte Ltd for the building of condominium project worth about S$25.6 million for the BUCKLEY 18 Condo project.

This latest win adds to the Group's strong project order book of approximately S$223 million as at 30 October 2006 and is expected to contribute positively to its financial performance for the financial years ending 31 December 2007 and 2008.

The Project, located at Buckley Road, consists of 2 blocks of 5 storey residential flat with a total of 49 units with attic, basement car-park and swimming pool. The Project will commence in early November 2006 and is scheduled to be completed by October 2008.

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

Hengxin Tech's 3Q Profit Up 30.6% To RMB 23.8 Million

Hengxin Technology Ltd. reported a 30.6% jump in net profit to RMB23.8 million for the third quarter ended 30 September 2006.

This was achieved on the back of a 45.8% rise in Group revenue to RMB202.1 million, boosted by strong sales from Hengxin Technology's key customers China Mobile, China Unicom, Huawei and ZTE, as well as increased selling prices of its products in response to rising copper prices.

The Group's EPS increased from 1.09 Singapore cents in 3Q2005 to 1.42 Singapore cents in 3Q2006. Net asset value per share was also higher at RMB0.88 as at 30 September 2006.

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. [+]

Swissco Confirms 2 More Offshore Support Vessels With Option For Another 1 Unit For Total Value Of S$14.1m

Wholly-owned subsidiary, Swissco Offshore Pte Ltd has recently placed orders for another two offshore support vessels. This is in alignment with the Group's expansion program for their offshore vessel fleet.

The 48m Azimuth stern drive anchor handling tug is the second "Alpha" class to be ordered and will be built at a Chinese shipyard in Guangzhou, PRC. The other new building order, an aluminum fast craft is a highly specialized offshore support vessel to be engaged for the transportation of offshore personnel and cargo. The vessel is being constructed in Western Australia, a region well noted for its aluminum shipbuilding industry and is expected to be delivered in 1st half 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. [+]

Oniontech Limited's Principal Subsidiary At The Head Of New DMB Era In Korea

Oniontech Co., Ltd, a wholly-owned subsidiary entered into a service agreement with KT Freetel Co.,Ltd, the second largest telecommunication company in Korea, to provide Master Contents Provider services on terrestrial Digital Multimedia Broadcasting interactive services.

OT Korea is also close to finalising a service contract with Munhwa Broadcasting Corporation, a major broadcasting company in Korea, for co-operation.

Oniontech is seeing a greater scope for co-operating between telecommunication and broadcasting companies and an example of this is KTF and MBC recently making a success in developing a TDMB Binary Format for Scenes service. The companies just finished actual technical tests for the service on the existing communication network for CDMA and broadcasting network for TDMB.

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

Epure Secures Contract Worth RMB77.5 Million To Supply Construction And Installation Services For A Water Treatment System

Epure subsidiary, Beijing Sound Environmental Engineering Co., Ltd has secured a contract worth RMB77.5 million with Hangzhou Municipal Engineering Group Co., Ltd. to supply construction and installation services for a water treatment system. The water treatment system will have capacity to treat 200,000 tonnes of water per day and is scheduled to be delivered in 2007.

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. [+]

PEARL Energy - Third-Quarter 2006 Operational Update

Contract Area Average production net to PEARL in Q3 06 (barrels of oil per day)
Salawati Island
Salawati Basin
(Mengoepeh field)
B 5/27
(Jasmine field)

PEARL is a Singapore-based oil and gas company engaged in the exploration, development and production of oil and gas. [+]

FibreChem Achieves Record Net Earnings Of HK$101.9 Million

•  FibreChem's third quarter net profit surged to HK$101.9 million from HK$37.9 million.

•  Maiden contribution from non-woven fabric and synthetic leather.

•  Funds from US$35 million syndicated loan raised during the quarter are being deployed for capacity expansion.

FibreChem is a chemical fibre manufacturer in the Fujian Province of the PRC. [+]

Inter-Roller Received International HQ Award

Inter-Roller Engineering Limited received the International Headquarter Award from Mr. Lim Siong Guan, Chairman of EDB at the Combined IHQ ceremony held on 2 November 2006 at the National Museum of Singapore.

The IHQ award is conferred to world-class companies who set up their headquarters in Singapore. Inter-Roller is proud to be amongst the 13 companies to have received the prestigious IHQ award from EDB.

Inter-Roller specializes in designing and building Airport Logistics Systems such as Airport Baggage Handling systems, In-flight Catering Systems and Air-Cargo Handling Systems. [+]

AusGroup Orderbook Boosted By A$32m Of Contracts

•  A$16 million contract for fabrication work associated with new iron ore mine.

•  A$12 million contract for installation of 2 Gas Turbine Generator units.

•  A$4 million contract for supply of heat exchanger to nickel refining plant.

AusGroup Limited is primarily based in Australia, where it is a dominant player in the supply of total engineering solutions, which includes fabrication, mechanical installations and maintenance. [+]

MMI Kicks Off FY2007 With Record Earnings In Q1

•  Revenue rose 33% to US$146 million on the back of strong growth in all business segments.

•  Profit from operations grew by 53% from a year ago.

•  Continued expansion to tap on the opportunities in new business areas.

MMI is a leading electro-mechanical contract manufacturer providing OEM and ODM contract manufacturing services for its strategic customers in multi-industries. [+]

Eucon's Revenue Increases By 55% To $31.1M In 3Q06

•  Group revenue in 3Q06 increased by $11.0 million to $31.1 million, driven by more turnkey projects from PCB operations in China and higher demand for laser drilling in Taiwan.

•  PCB operations continued to be the Group's star performer, recording a 92% jump in revenue compared to the same period last year.

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


Meghmani Achieves Further Progress On Its IPO In India

Meghmani Organics Limited has made further progress on its Initial Public Offering in India. The Company, had on 26 October, filed its Draft Red Herring Prospectus to the Securities and Exchange Board of India. At the same time, Meghmani also applied to the National Stock Exchange of India and the Bombay Stock Exchange to list its equity shares. Meghmani will be offering an issue of Rs 1020 million.

Meghmani holds a primary listing on the SGX Main Board since August 2004. Its listing in India will be in compliance with regulations set out by India's Ministry of Finance in September 2005.

Meghmani is a manufacturer of pigments and pesticides. [+]

Devotion Emulsified Green Coke Alternative Energy Industrial Boiler Technology Passes Scientific Technology Evaluation

Wholly owned subsidiary, Guangzhou Devotion Thermal Facility Co., Ltd has achieved certification for its Emulsified Green Coke alternative energy Industrial boiler technology on the 18th of October 2006 from the Science and Technology Department of Guangdong Province, China.

This technology enables a new form of clean fuel from petroleum coke, a by product of oil refinery, to be used in industrial boilers to replace current oil fuels. This internationally leading technology propels Devotion Eco-thermal Limited to become the leader in China's industrial boiler's oil alternative energy field. Once successfully promoted throughout the country, this technology should bring upon economic and social benefits.

Devotion Eco-Thermal is a specialist in the development and fabrication of energy saving and environmentally friendly central heating infrastructure and related thermal equipment. [+]

Delong's 3Q2006 Net Profit Rises 39.2% To S$37.8 Million

•  3Q2006 Revenue up 13.3% year-on-year to S$244.0 million on higher sales volume; lifts 9M2006 revenue to S$715.8 million.

•  3Q2006 net profit S$37.8 million vs. S$27.2 million a year ago as core hot-rolled coil business achieves high efficiency despite increased raw material prices.

•  HRC capacity on schedule to increase by 50% to 2.4 million tonnes a year by end-November 2006; Negotiating equipment selection for proposed 500,000-tonne cold-rolled coil plant.

Delong Holdings Limited is a steel manufacturing and trading group headquartered in Beijing, People's Republic of China. [+]

MTQ Triples Interim Earnings With Improved Contributions From Core Operating Divisions

MTQ Corporation Limited reported a sterling set of results for its half year ended 30 September 2006 as net profit leaped 255% from S$0.67m in 1HFY06 to S$2.38m on the back of a 17% revenue growth.

The strong interim earnings lifted the Group's EPS from 0.73 cents for 1HFY06 to 2.49 cents for 1HFY07. The Group's NAV was up 14% from 54.75 cents as of 31 March 2006 to 62.39 cents as of 30 September 2006. The Directors have declared an interim dividend of 1 cent per share, less tax, to be paid in respect of the current financial year.

MTQ Corporation Limited Group specialises in engineering services, and is primarily involved in oilfield equipment repairs and rental operations. [+]

Memtech's Third Quarter Net Profit Surges 92%

•  Revenue up 59.6% to US$27.9 million.

•  Gross profit up 86.2% to US$8.0 million.

•  Net Profit up 92.3% to US$3.2 million.

•  EPS up 100% to 0.4 US cents.

•  NAV up 10.6% to 12.5 US cents.

Memtech is an integrated precision moulded component manufacturer, producing high-end silicone rubber, plastic and silicone rubber plastic hybrid keypads primarily for the telecommunication and automotive industries. [+]

Noble Continues To Expand Its Ethanol Offtake Capacity

Mid America Bio Energy and Commodities, LLC of North Platte, Nebraska announced on 24 October 2006 that it has completed the merger of Mid America Agri Products/Wheatland, LLC and Mid America Agri Products/Horizon, LLC into Standard Ethanol, LLC.

MABE is the principal owner of Standard Ethanol, LLC. Standard Ethanol plants in Madrid and Cambridge are under construction and will achieve an output of 300 million gallons once the expansion plan is completed.

Noble Americas, an investor in MABE and wholly owned subsidiary of global supply chain manager Noble Group is the designated offtaker of the firm ethanol output, and strongly supports MABE's strategy to reach 500 million gallons of ethanol production capacity by year 2008.

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

Biosensors And Weigao Sign Letter Of Intent And Expand Business Collaboration

Shandong Weigao Group Medical Polymer Company Limited and Biosensors International Group Ltd. are pleased to jointly announce the business collaboration between Biosensors and JW Medical Systems Limited, a privately owned drug-eluting stent company which is 50 percent owned by Weigao.

This collaboration involves Biosensors acquiring a ten percent equity interest in JW Medical and as consideration, Biosensors will license to JW Medical on a non-exclusive basis its proprietary anti-restenotic limus drug, Biolimus A9®, proprietary biodegradable polymer, and polymer-free coating technology and have a right to receive royalty income.

This collaboration is anticipated to allow Biosensors immediate access to the fast-growing coronary stent market in China through the existing sales and distribution network of JW Medical.

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

Tiong Woon Incorporation Of A New Subsidiary In Indonesia

Tiong Woon Corporation Holding Ltd subsidiary, Tiong Woon Oil & Gas Service Pte Ltd has incorporated a new subsidiary, PT. TWC Bintan, in Bintan Regency, Riau Islands Province, Indonesia.

PT. TWC Bintan has a paid up capital of US$1,000,000 and shall engage in the fabrication and engineering works for oil and gas projects, shipyard, manufacturing of oil, gas and ship equipment, rig repair services; and platform services.

Tiong Woon Corporation Holding Ltd is a specialist and total integrated services provider in heavy lift, heavy haulage and marine transportation mainly serving the Oil & Gas, Petrochemical and Power industries. [+]

Order Book Of Cityneon Holdings Limited Swells To S$35.0 Million As Of 30 September 2006

Cityneon Holdings Ltd order book for the third quarter of the financial year 2006 as of 30 September 2006 stood at S$35.0 million.

Examples of projects include OSEA 2006, the region's largest trade event for the oil and gas industry, to be held at Suntec Singapore from December 5 to 8, Jewellery Arabia, the largest jewellery exhibition in the Middle East, to be held in Bahrain from November 7 to 11 and Martell Elite of the Year 2006, an event that recognises individuals who possess discernment and other desirable qualities, scheduled for November 2 in Malaysia.

Cityneon is a Singapore-based provider of exhibition and event management services to meet the needs of international exhibitions, trade shows, conferences and events. [+]

TeleChoice's PBT Grows 31.3% To $4.8M In 3Q06

TeleChoice registered 31.3% growth in PBT to S$4.8M in 3Q06, from S$3.6M in 3Q05. While there was a 32.4% decline in 3Q06 revenue to S$101.7M from S$150.6M in the same corresponding financial period in 2005, PBT margin improved 2.3% to 4.7% in 3Q06 from 2.4% in 3Q05.

The Group's earnings per share rose to 2.58 cents while net asset value was 11.32 cents per share in 9M06. The Group's cash balances remained strong at S$22.4M for the first 9 months of 2006.

TeleChoice International Limited is a leading provider of telecommunications services and solutions. [+]

Advanced's Christine Yeo To Head Up Compliance And Corporate Governance For The Group

Advanced Holdings Ltd. Financial Controller, Ms Christine Yeo, will be taking on an added role as the Head, Compliance and Corporate Governance with effect from 1 November 2006.

As the Financial Controller, Ms Yeo works with Mr Steve Kek, Chief Financial Officer of Advanced, to oversee the accounting, taxation and financial matters of the Company and its subsidiaries. In her expanded capacity as Head of Compliance and Corporate Governance, Ms
Yeo will also be responsible for all regulatory compliances, internal audits, as well as corporate governance matters for the Group. She will report directly to the Audit Committee and Board of Directors on regulatory compliance and corporate governance issues.

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. [+]

Eu Yan Sang Centre Opens At Yuen Long Industrial Park

Eu Yan Sang (Hong Kong) has officially opened its Eu Yan Sang Centre at Yuen Long Industrial Park. The new facility, which has a floor area of approximately 130,000 sq. ft., represents a major commitment by the Group to the scientific advancement of TCM in the region.

The facility will become the R&D, quality assurance and logistics centre for the Eu Yan Sang Group's global TCM business operations. This GMP compliant Centre is also home to one of the region's largest TCM fingerprinting and herb extraction and concentration facilities. With the development of chromatographic fingerprints as benchmarks, Eu Yan Sang is able to address the two major obstacles to the modernization of TCM - authenticity and consistency.

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


CEO's Walk The Talk

"…We are pleased to have an opportunity to be at the head of new digital multimedia broadcasting era with top telecommunication and broadcasting companies. Even this new technology system is only for Korean mobile users at this moment, we will keep running for every wireless internet market in the world with our strong technology and experiences…"
Mr Jang Jong Jung
Chief Executive Officer
Oniontech Limited

Highlighted Company

Cityneon Holdings Ltd ("Cityneon") was listed on the SGX-ST Dealing and Automated Quotation System (the "SGX SESDAQ") on 7 December 2005. Cityneon is a Singaporebased provider of exhibition and event management services to meet the needs of international exhibitions, trade shows, conferences and events. The company has subsidiaries in the Middle East, Malaysia and the People's Republic of China, where it is dedicated to servicing the meetings, incentives, conventions and exhibitions (MICE) industry. With a stellar 35-year track record of providing reliable, efficient and costeffective services, Cityneon is constantly striving to maintain its position as a leading provider of event and exhibition services in the global market place. For more information, please visit www.cityneon.net.

Historical Price Data
 Date Open High Low Close
 03 Nov 2006  0.225  0.225  0.225  0.225
 02 Nov 2006  0.220  0.235  0.220  0.225
 01 Nov 2006  0.220  0.220  0.215  0.215
 31 Oct 2006
 30 Oct 2006  -  -  -  -

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 04/08/2006. 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

01 Nov 2006 Order Book Of Cityneon Holdings Limited Swells To S$35.0 Million As Of 30 September 2006
03 Aug 2006 Half Year Financial Statement And Dividend Announcement
27 Jun 2006 Response To Query From The Singapore Exchange Securities Trading Limited
20 Jun 2006 Cityneon Holdings Limited Acquires Additional 30% Stake In Comprise Electrical (S) Pte Ltd
15 May 2006 Acquisition Of Additional Shares In Comprise Electrical (S) Pte Ltd

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