18 December 2006      
Volume `000 
 Gen Int
Weekly movement as at 15 December 2006
 SIA 200
 Shang Asia 2kHK$
Weekly movement as at 15 December 2006

Singapore Land: Purchased Residential Site In Chengdu For
174.6 Million Yuan
Mapleteee Log: To Buy Industrial Property From Eastgate For $10
Brothers Hldgs: To Develop 5 Million Sq Ft Of Land In Shenyang,

Labroy: Clinched 2 Shipbuilding Contracts Worth US$58.9 Million
Penguin Boat: Clinched Ferry Contract Worth $10 Million
Wilmar: Proposed Takeover Of Robert Kuok's Agribusinesses Worth
US$4.3 Billion

CEO Profile

CEO of Public-Listed Chemoil Sees Innovation as Key

After some delay, U.S. based Chemoil Corporation finally gets listed on the Singapore Exchange.

"Some of the board decisions we wanted to make had to be postponed because during these processes the company cannot do all of these things but hopefully we have not lost any opportunities," said CEO and Executive Chairman Robert Viswanathan Chandran in response to whether the delay has affected their business plans in the region.

Mr. Chandran remains confident that they can work their way around the delay like they did when they lost a storage terminal this year because it could not be renewed at the last minute. "Normally people would just give up and say ‘Oh, we lost the package,' " he said. The company went and got a temporary storage and has made plans to buy a VLCC to replace it.

No stranger to setbacks, Mr. Chandran prides himself and the company for being able to innovate and find opportunities even in times of crisis. After the environmental disaster caused by the Exxon Valdez, Chemoil was the first company to create boom boats to help clean up oil spills and used it as a marketing opportunity.

In fact, constant innovation is one of the key strategies which Chemoil, in its 25 years of operation, relies on to keep one step ahead of the competition. "I used to have a saying; I don't mind you sharing my campfire. By the time you're in mine, I'm in the next," Mr. Chandran said.

"In a business like ours, you have to reinvent yourself on a regular basis," said Mr. Chandran. "There is nothing that is permanently your advantage."

As to the question of how he expects the company to fare in the next financial year, Mr. Chandran had this to say, "Our hopes are that we are going to be a company that will live up to the expectations of the analysts. We'll try our best to beat the analysts' expectations."

Mr. Chandran began operations as a fuel trader in 1981 and formed Chemoil Corporation in 1982. Prior to that, he had seven years of experience in industrial chemical sales working for Transchem Inc. and Chemical Industries of the Philippines. He received his Masters of Science in Chemistry from Madras University and his Master of Business Management from the Asian Institute of Management. He has completed the Harvard University Owner/President Manager Program.  He is a member of the American Petroleum Institute.  He also serves on the Board of Governors of the Asian Institute of Management, and on the Investment Committee of Worcester College.


HOT Off The Press

CNA: Herocan Secures Almost RMB 130 Million Of China Projects; Expands To Jiangsu

CNA Group Ltd. subsidiary, Beijing Herocan Environmental Engineering Tech Co. Ltd, has recently secured three additional wastewater treatment projects in China worth a total of almost RMB 130 million, one of which is for a project secured from Jiangsu Province which the Group only penetrated recently.

The new wins for a RMB 76.5 million Build and Transfer project in Jiangsu, a RMB 19.0 million Engineering, Procurement and Construction project in Hebei Province, and a RMB 33.3 million Build, Operate and Transfer project in Shandong Province, follow closely on the heels of the RMB 100 million worth of projects secured by Herocan in September 2006.

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. [+]

CityAxis Receives Approval In-Principle From SGX-ST For Its Acquisition Of PT Indofood's Oil Palm Plantations And Edible Oils And Fats Business Through A Reverse Take Over

CityAxis Holdings Limited has received approval in-principle from The Singapore Exchange Securities Trading Limited for its acquisition of PT Indofood Sukses Makmur Tbk's oil palm plantations and edible oils and fats business in connection with the Reverse Take Over. PT ISM is listed on both the Jakarta and Surabaya Stock Exchanges, and is a subsidiary of First Pacific Company Limited, which is in turn listed on the Stock Exchange of Hong Kong Limited.

In connection with the RTO, 9,982,000,000 new CityAxis shares will be listed and issued to the vendor of the EOF business which is a subsidiary of PT ISM. The SGX-ST has also given approval in-principle for CityAxis' transfer from SGX-SESDAQ to SGX-Mainboard, on completion of the transaction and the placement to better reflect the size and scale of the oil palm and EOF business that it proposes to acquire.

CityAxis Holdings Limited is a property and occupancy specialist serving multinational clients in the Asia-Pacific region. [+]

Sun Business Acquires Leading Indonesian Mobile SMS Content Developer PT Monstermob Indonesia

Sun Business Network Ltd. has entered into a Heads of Agreement to acquire 100% of Maestro Mind International Limited, a BVI-registered holding company that owns 95% of PT Monstermob Indonesia for US$6.2 million. This move is in line with the Group's strategy of enhancing and building its capabilities in the print, mobile, internet and other new media areas. It also marks the first major step forward in the repositioning of the Group as a multimedia and multinational company.

Founded in 2003, PTMI has carved a niche in generating creative ideas, developing innovative application and technology. Over the years, it has built up its in-house technology applications capabilities and now owns sophisticated proprietary technology, and is one of the leading value-added mobile service providers in Indonesia. Its customers include Indonesia's leading operators like PT Excelcomindo Pratama and PT Indonesian Satellite Corporation Tbk.

Sun Business Network Ltd. is involved in magazine publishing in Singapore, Malaysia and Greater China, and holds substantial investment in NASDAQ OTCBB-listed Sun New Media Inc and AIM-listed Sun 3C Media PLC. [+]

Novena Proposed Acquisition Of Property At 98 Pasir Panjang Road Singapore 118516

Novena Holdings Limited wholly owned subsidiary, Novena Furnishing Centre Pte Ltd, entered into an option with O'Connors Singapore Pte Ltd to purchase an industrial building located at no 98, Pasir Panjang Road, Singapore 118516. This building will be held for long term investment. The purchase price is $13,500,000.

Novena is a well-established consumer lifestyle group in the furniture and beauty industry. [+]

EZRA Expands Capacity In Southeast Asia And Penetrates Middle East Markets With Charters Worth S$59M

EZRA Holdings Limited is tapping into the fast-growing Middle East offshore oil & gas industry with charters, besides securing charters in its niche market of Southeast Asia. The charters are worth up to a total of approximately S$59 million excluding extension options. The charters commence in the second half of its fiscal year 2007 and are expected contribute positively to EZRA's revenue from that fiscal year.

EZRA's offshore chartering and construction divisions have secured written confirmations of intent from various parties to charter an Accommodation Work & Crane Barge, three Anchor Handling, Towing and Supply vessels and an Anchor Handling Tug.

EZRA Holdings Limited is a leading global integrated offshore and marine solutions provider. [+]

Sino-Env Signs An Agreement With Beijing SP Longyuan Environmental Enginneering Co., Ltds

Sino-Environment Technology Group Limited wholly-owned subsidiary, Fujian Thumb Env-Tech Co., Ltd, has signed a co-operation agreement with Beijing SP Longyuan Environmental Engineering Co., Ltd in November 2006.

The objective of this co-operation is to enable both parties in expanding their business of waste gas treatment, specifically the de-sulphurisation and de-nitrogenation for the waste-gas emissions of coal-fired power plants.

Sino-Environment Technology Group Limited is an environmental protection and waste recovery solution provider in the PRC. [+]

Epure Secures Contracts Worth RMB213 Million From Interested Persons

Epure International Ltd. subsidiary, Beijing Sound Environmental Engineering Co., Ltd has secured two contracts from interested persons by way of public tenders, worth approximately RMB213 million.

The Tongliao Project of approximately RMB124 million was awarded from an interested person, Tongliao Bibo Water Co., Ltd to supply turnkey services for a wastewater treatment system. The wastewater treatment system will have a capacity to treat 100,000 tonnes of wastewater per day in Inner Mongolia. This project is expected to commence in 2007 and is scheduled to be delivered around mid 2008.

The Baotou Project of approximately RMB89 million was awarded from an interested person, Baotou Lucheng Water Co., Ltd to supply equipment to the on-going Baotou project, in Inner Mongolia. The Baotou project is for the construction of a wastewater treatment and recycling plant and piping system. The project is scheduled to be delivered around mid 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. [+]

ArianeCorp's Soon To Be Acquired New Subsidiary CarrierNet Corp Secures ATM Telecom Contract

CarrierNet Corporation Limited, a company that ArianeCorp Limited is in the process of acquiring, has secured a contract from ATM Telecom Ltd to supply VoIP carrier services to its international destinations.

CarrierNet will provide carrier services for ATM Telecom to Brazil, USA and other international destinations, The agreement combines the strengths of both companies in two of the fastest growing segments of global telecommunications: the China market and VoIP. It also results in complementary geographical coverage through ATM Telecom Global Carrier Services' extensive China and Asian footprint, and CarrierNet's strong presence in the international wholesale arena.

ArianeCorp is a leading provider of ultra high-capacity data networks to service providers and large business users in China's fast growing telecoms and data markets through high quality optical networks. [+]

Tee Yih Jia And Super Coffeemix Join China's Biggest Vinegar Producer, Hengshun, To Build RMB500 Million Zhenjiang Plant

Tee Yih Jia Food Manufacturing Pte Ltd and Super Coffeemix Manufacturing Limited announced Jiangsu Hengshun Seasoning & Food Development Co Ltd, which their 50:50 joint venture company JHS Holding Pte Ltd has a 49% stake in, has commenced construction of a RMB500 million vinegar production facility in Zhenjiang City, Jiangsu Province.

China's biggest vinegar producer, Jiangsu Hengshun Vinegar Industry Co Ltd, which is listed on the Shanghai Stock Exchange, holds the remaining 51% in Hengshun Seasoning.

Super Coffeemix Manufacturing Limited is primarily engaged in the manufacturing, distribution and management of leading brands of instant convenient beverages and food. [+]


PEARL Energy Unveils New Corporate Identity

PEARL Energy Limited have announced a change of corporate identity effective 1 January 2007 to reflect its new ownership and the expansion of business activities outside of its core geographic region of Southeast Asia.

Abu Dhabi-based Aabar Petroleum Investments Company PJSC acquired PEARL in May 2006. PEARL Energy is a wholly owned subsidiary of Aabar, which is listed on the Abu Dhabi Securities Market.

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

Launch Of Irbesartan And Thymopentin: Two New C&O Branded Drugs

C&O Pharmaceutical has launched two new products namely Irbesartan Tablets and Thymopentin for Injection in China.

Irbesartan Tablets, sold under the C&O brand name "Greats", is a prescriptive drug for the treatment of high blood pressure and is available under the National Health Insurance Scheme.

Thymopentin, also known as TP-5, is an immuno regulatory drug widely used in the treatment of immunity dysfunction and hyperfunction.

C&O Pharmaceutical is an established and integrated pharmaceutical group in the PRC. [+]

Swiber Makes Big Push Into India With Joint Venture

Swiber Holdings Limited is moving aggressively into the fast growing oil and gas industry in India. Its wholly-owned subsidiary, Swiber Marine Pte. Ltd. has signed a joint venture agreement with Calox Consultants FZ LLC to jointly market and provide offshore marine support services in India.

Calox, a UAE-incorporated company established in 2004, specialises in the marketing and representation of equipment and oil field services to the exploration and production industry. Steered by a management team who has more than 20 years of experience in the oil and gas industry, Calox has secured large Engineering, Procurement, Construction, Installation and Commission contracts for its principles for the construction and supply of platforms, hook up and commissioning.

Swiber is a niche service provider to the offshore oil and gas industry, with a complementary business in the supply of marine support vessels. [+]

Yoma Proposed Acquisition Of Plantation Resources Pte. Ltd.

Yoma Strategic Holdings Ltd. is currently in negotiations to acquire from Mr. Serge Pun, the Chairman and Chief Executive Officer of the Company, 370,000 ordinary shares in Plantation Resources Pte. Ltd. representing 54.41% of the existing issued and paid-up share capital of PRPL.

PRPL owns 70% economic interest in Myanmar Agri-Tech Ltd, a company incorporated in Myanmar. MAGT holds the planting and operating rights to various agricultural land, including a 100,000-acre plot of land in the Ayerwaddy Division, Myanmar mainly for the plantation of Jatropha Curcas, a drought-resistant perennial plant. Jatropha Curcas is capable of producing feedstock for bio-diesel as it produces seeds with an oil content of approximately 30% or more.

The purchase consideration for the Sale Shares is proposed to be S$5.87 million.

Yoma Strategic Holdings Ltd. is a leading business corporation with current interests and activities in Myanmar. [+]

Eu Yan Sang Secures Exclusive Worldwide Distributorship For Prized Wisconsin Grown American GinsengEu Yan Sang International Ltd has signed an exclusive worldwide distributorship agreement with the Wisconsin Ginseng & Herb Co-op.

EYS will procure and maintain a supply of Wisconsin grown American ginseng from the Co-op for processing and distribution of ginseng products globally. American ginseng products sold by EYS will then have the sole right to carry the coveted Ginseng Board of Wisconsin Inc. Seal®, commonly known as the Wisconsin Seal, owned by the Ginseng Board of Wisconsin, Inc.

Packaged products bearing the official Wisconsin Seal must contain 100 percent pure Wisconsin ginseng, grown and harvested in Wisconsin. The trusted Eu Yan Sang brand name will provide added assurance in terms of quality, efficacy and authenticity.

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

Armarda Proposed Subscription By Subsidiary Of New Shares In FESCO E-HR Service (Beijing) Co., Ltd.

Wholly-owned subsidiary, Armarda Technology (Hong Kong) Limited had on 22 September 2006 entered into a conditional joint venture agreement with Zhong Wang Information Technology Ltd., Zhong Shan Chen Xing Information Consulting Co., Ltd., Beijing Foreign Enterprise Services Group Ltd. and Beijing Foreign Enterprise Human Resources Service Co. Ltd.

The JV Company is in the business of providing information technology support services including IT outsourcing projects and human resources database design and development.

Armarda Group Limited is a IT and professional services provider focused on serving the People's Republic of China banking and financial services industry. [+]

Tiong Woon Awarded Marine Transportation Contract To Nigeria

Tiong Woon Corporation Holding Ltd wholly owned subsidiary, Tiong Woon Project & Contracting Pte. Ltd. has been awarded a marine transportation contract from Hyundai Heavy Industries Co., Ltd.

TWPC is responsible to supply 1 unit of 3,000 horse-power ocean going tugboat and 1 unit of 250 footer barge for the client's offshore project in Nigeria for a duration of 200 days.

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. [+]

Popular Registers Interim Net Profit Of S$8.2 Million On Sales Of S$191.4 Million

Popular Holdings Limited reported that Group revenue rose 5.1% to S$191.4 million for the six months ended 31 October 2006, lifted by growth in both its Publishing and Retail & Distribution businesses.

Based on the latest half-time results, earnings per share decreased 19.1% to 1.82 Singapore cents from 2.25 Singapore cents previously, while net asset value per share as at 31 October 2006 was at 30.72 Singapore cents compared with 30.09 Singapore cents as at 30 April 2006.

Popular Holdings Limited is a leading Regional Education Group with strong operations in the Pan-Asian region. [+]

Sino-Env Signs Contract For Pilot Project With China Marine International Containers

Sino-Environment Technology Group Limited has signed a waste gas management, treatment and recovery contract with CIMC Zhangzhou Container Co.,Ltd, a wholly-owned subsidiary of China International Marine Containers (Group) Co., Ltd..

The total value of this contract is expected to be worth more than RMB10.0 million. CIMC Zhangzhou has two production lines; the Group will initially implement the patented waste gas management, treatment and recovery solution on Line 1. The value of the first phase of the project is worth RMB4.9 million. The value of the second phase will only be finalized upon the completion of upgrading works on Line 2 by CIMC Zhangzhou.

Sino Environment Technology Group limited is an environmental protection and waste recovery solution provider in the PRC. [+]





CEO's Walk The Talk

"…Our new corporate logo reflects this exciting period for PEARL and the enthusiasm and vigour with which we will rise to the challenges ahead…"
Mr Richard Lorentz
Chief Business Development Officer
PEARL Energy Limited

Highlighted Company

Micro-Mechanics designs, manufactures and markets consumable parts and precision tools used to assemble and test semiconductors, From a small workshop and one employee in 1983, the Company has grown to include 400 people with manufacturing facilities in China, Malaysia, the Philippines, Singapore and Thailand. Combined with sales offices in Switzerland, Taiwan and the United States, the Group aims to serve its global base of customers in the fast-moving semiconductor industry with excellent service and prompt access to a broad range of process-critical, consumable tools used to manufacture semiconductor chips.

The Group is also working to build a business that goes beyond the semiconductor industry. Based on its expertise in precision manufacturing, Micro-Mechanics operates a Custom Machining and Assembly Division to explore opportunities in other industries such as medical, instrumentation and high-tech equipment..

Historical Price Data
 Date Open High Low Close
 15 Dec 2006  0.650  0.650  0.650  0.650
 14 Dec 2006  -  -  -  -
 13 Dec 2006  0.650  0.655  0.650  0.650
 12 Dec 2006
 11 Dec 2006  0.630  0.640  0.630  0.640

Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Dividend ($) d
52 Weeks High
Par Value ($)
  SGD 0.100
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 21/08/2006. 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

20 Oct 2006 Presentation Materials at Tenth Annual General Meeting
20 Oct 2006 Resolutions Passed At The Tenth Annual General Meeting
20 Oct 2006 Resolution Passed At Extraordinary General Meeting
11 Oct 2006 Changes to the Composition of the Remuneration Committee
26 Sep 2006 Notice of Extraordinary General Meeting

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