26 December 2006      
Volume `000 
 Gen Int
Weekly movement as at 22 December 2006
 CLI RB eCW070710
 JSH 500US$
 CMB DBeCW070326A 500
 CLI RB eCW070828
Weekly movement as at 22 December 2006

Federal: Propose Rights And Bonus Dividend Of $0.07 A Share
SingTel: JV With ADNSL In Bangladesh To Offer Internet Services
CapitaLand: Enter Into JV With Malaysia's YNH Property With 40% Stake

DBS: Obtain AAA Rating From Rating Agency Malaysia Berhad
Pan-United: Wins 1st Tanker Conversion Contract Worth $11 Million
Pacific Healthcare: JV With Vision Corp To Establish Healthcare
And Wellness Centres In China

HOT Off The Press

SGX-Listed Delong Commissions New Hot-Rolled Coil Line; Production Raised 50% To 2.4 Million Tonnes A Year

Delong Holdings Limited had commissioned its new Hot-Rolled Coil production line, thereby raising its yearly production capacity by 50% to 2.4 million tonnes from 1.6 million tonnes previously.

The second line, located at its facility in Xingtai City in Hebei Province, will be capable of producing HRC with higher-grade specifications, larger width of up to 1100 mm and thinner gauge of 1.0 mm, as compared to its first line.

The impact of the 50% increase in capacity will contribute significantly to the financial performance of Delong in the financial year ending 31 December 2007.

Delong Holdings Limited is a steel manufacturing and trading group headquartered in Beijing, PRC. [+]

Sunshine Holdings Acquisition Of Land

Sunshine Holdings Limited wholly-owned subsidiary, Meiji Henan Real Estate Co., Ltd, paid an interim deposit of RMB50 million during December 2006 to a third party for the purchase of a piece of land situated along Yingbin Road, near the city centre in Zhengzhou City, Henan Province, People's Republic of China.

The Land is zoned for commercial and residential development and has a site area of approximately 240,000 square metres. The planned GFA is approximately between 250,000 and 300,000 square metres.

Based in the Henan Province of the PRC, Sunshine Holdings Limited is an award-winning cluster estate developer as well as developer of mass residential and commercial properties based in the Henan Province of the PRC. [+]

Cambridge Industrial Trust Acquires 361 Ubi Road 3 For S$18.0 Million

Cambridge Industrial Trust has signed a put and call agreement to acquire 361 Ubi Road 3 for S$18.0 million.

The acquisition funded entirely by the existing debt facility, will be accretive to CIT's distributable income. The incremental Distribution Per Unit will be 0.07 cents.

Completed in 1998, the 5-storey industrial building sits on a land area of 4,563.7 square metre The gross floor area is 8,997 square metre. The Property has a long land lease of 30 years with an option to extend another 30 years, commencing from 1 February 1997.

Cambridge Industrial Trust is Singapore's first independent industrial real estate investment trust. [+]

PEARL Energy Announces Award Of Block G2/48, Gulf Of Thailand

PEARL Energy Limited subsidiary, Pearl Oil Offshore Limited, has been conditionally awarded the petroleum contract for Block G2/48 in the northern section of the Gulf of Thailand.

PEARL Offshore will hold 100% interest in Block G2/48 and will be the operator. The block covers an area of 19,040 sq. km and is located to the immediate north of the PEARL-operated Block B5/27, which contains the Jasmine oil field and accounts for approximately half of the Group's total daily net working interest oil production.

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

Sitra Holdings Secures Single Order Worth USD2.5 Million

Sitra Holdings (International) Limited had secured their single order worth USD2.5 million with a customer based in Australia.

The purchase order of high value wood based products would be delivered in the first quarter of financial year 2007. The order boosted the order book as at 19 December 2006 to approximately SGD16.0 million with majority of sales to be delivered in January and February in 2007.

Sitra Holdings (International) Limited is a leading brand-centric distributor of high quality wood-based and lifestyle furniture carrying its proprietary brands. [+]

Sunpower Clinches Second British Petroleum Deal Worth RMB16.3 Million

Sunpower Group Ltd. clinched a deal worth approximately RMB16.3 million to install titanium pressure vessels for BP Chembel N.V., a subsidiary of British Petroleum, one of the largest oil, gas & petrochemical companies in the world.

The wholly-owned subsidiary of the Group, Jiangsu Sunpower Technology Co., Ltd. is expected to deliver the majority of the pressure vessels by the end of year 2007. The project is expected to contribute positively to the Group's FY2007 earnings.

Sunpower Group Ltd. specialises in the design, R&D and manufacturing of customized energy saving and environmental protection products using heat transfer technologies in the PRC. [+]

CAO Closes Latest Jet Fuel Tender For February 2007 Deliveries

China Aviation Oil (Singapore) Corporation Ltd had closed its latest physical Jet Fuel tender for delivery in February 2007.

CAO received responses from 17 physical Jet-Fuel suppliers. Total volume of 285,000 metric tonnes of A-1 Grade Jet Fuel was awarded. The cover ratio for the awarded cargos was approximately 5.3 times.

China Aviation Oil is involved in the procurement of jet fuel and investment holding in the PRC. [+]

Asian Micro New Plant Operational In Wuxi, China

Asian Micro Holdings Limited wholly owned subsidiary in Wuxi, China, Wuxi Asian Brite Technology Co.,Ltd. has fully commissioned its new Clean Room Facility and Cleaning Systems.

Wuxi Asian Brite has received its official approval from its major Hard Disk Drive customer to carry out business activities for the collection, re-cycling and precision cleaning of used clean room packaging trays, cassettes and other packaging materials in Wuxi, China.

Wuxi Asian Brite has leased the 31,000 square feet factory in Wuxi for a 3 years term and has completed its major investment required for this new set-up.

Asian Micro Holdings Limited existing core businesses is in the recycling and precision cleaning of packaging trays and media/disk cassettes used in the hard disk drive and semiconductor industries with regional operations in Singapore, China, Thailand, Malaysia and Philippines. [+]

Singapore Computer Systems Implements Integrated Hospital Information System For Jurong Medical Centre

Singapore Computer Systems Limited has implemented a S$750,000 integrated Hospital Information System for Jurong Medical Centre.

User-friendly and flexible, iHIS provides timely and relevant information to support effective decision-making and streamline processes for healthcare practitioners and administrators. The rich accounting and payment features will help to reduce financial risk and lessen the burden on the centre's operational staff. The solution will also lead to significant savings on the total cost of ownership for the system.

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


HLN Technologies Incorporation Of Wholly-Owned Subsidiary

HLN Technologies Limited wholly-owned subsidiary, HLN Metal Centre Pte. Ltd., has incorporated a wholly-owned subsidiary, HLN Metal (Shenzhen) Co., Ltd. in Shenzhen, China.

The registered capital of HLN Metal (Shenzhen) is USD 500,000 and the principal activity of HLN Metal (Shenzhen) is manufacturing and selling of aluminium products with value-added processing through customized slitting to customers specifications.

The purpose of incorporating HLN Metal (Shenzhen) is to utilize it as a production and distribution base for the supply of aluminium and metallic-related products for the domestic PRC market.

HLN Technologies Limited is involved in the manufacturing and sale of a wide range of customized precision elastomeric and polymeric components, which are used in a variety of industries principally in the office automation, consumer electronics and automotive industries. [+]

Asia Water's Order Book Reaches RMB 820 Million With A Further 37 Projects Secured In PRC

Asia Water Technology Ltd., has secured a further 37 water treatment projects in various cities within 13 provinces in the PRC with a total contract value of approximately RMB 550 million for the 11 months ended 30 November 2006.

Asia Water is expanding its presence and gaining access to new markets in different provinces. The values of the contracts ranging from RMB 1 million to RMB 215 million were secured in 13 different provinces including Shanghai City, Anhui, Shangdong, Shanxi, Guangdong, Xingjiang, Jiangsu, Henan, Hebei, Zhejiang, Liaoning, Shaanxi, Hunan and Hubei.

Out of the 35 contracts, 21 pertain to water purification treatment worth 135 million and 13 of the contracts are for automation and control projects worth RMB 23 million. The diversity in geography of these new projects reaffirms Asia Water's reputation as one of China's leading water treatment specialist and its ability in securing new contracts.

Asia Water Technology Ltd. is engaged in the total engineering solutions for water purification and wastewater treatment systems. [+]

Sino-Environment Acquisition Of 60% Interest In Fujian Weidong EPT Co., Ltd

Sino-Environment Technology Group Limited wholly-owned subsidiary, Sino-Environment Clean Power Technology Pte. Ltd. has acquired 60% interest in Fujian Weidong EPT Co., Ltd.

Weidong was incorporated in the People's Republic of China on 23 December 2003 and has a registered capital of RMB 38 million, all of which is paid up. Its business activities involve the manufacturing of de-sulphurisation and dust elimination facilities and other environmental related devices.

The acquisition will aid the Company in the expansion of its de-sulphurisation business as well as allowing the Company in expanding the environmental solutions offered to other industries such as cement plants, coal mines and steel plants.

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

China Precision: Zhang Zhongliang Receives Nanyang Outstanding Young Alumni Award From Nanyang Technological University

China Precision Technology Limited Chief Executive Officer and Executive Chairman, Zhang Zhongliang, was awarded the Nanyang Outstanding Young Alumni Award by Nanyang Technological University on 17 December 2006.

The Nanyang Outstanding Young Alumni Award is to recognize alumni under age 40 whose endeavours in their chosen fields or professions are worthy of recognition and have brought honor to the University.

China Precision Technology Limited is an integrated manufacturing services provider for the consumer electronics, office automation equipment, telecommunication and automotive industries. [+]

SP Chemical Production Capacity Expansion Phase Five

•  New Strategic investment of RMB280 Million to further build core capacity.

•  Successful implementation of its Medium Term Strategic Business Plan.

•  Creativity Awards for Annual Report 2005.

SP Chemicals is the second largest ion-membrane chlor-alkali producer in the PRC, and the third largest aniline producer in the PRC as at 30 September 2006. [+]

Meghmani Acquires Strategic 161-Acre Site In Dahej As Part Of Expansion Plan For Chemicals Business

Meghmani Organics Limited has acquired a 161-acre site in Dahej as part of the Group's expansion plan for its chemicals business.

Earmarked for one of the Group's upcoming projects, the Dahej site is located centrally between Ahmedabad and Mumbai, and is 40 km west on sea-side from Meghmani's Agrochemical facility in Ankleshwar.

The total purchase consideration for the Dahej site amounts to Rs180 million, and will be funded by short term loan/bank borrowings.

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

Telechoice: NexWave Technologies And ip.access Team Up To Distribute Picocell Technologies Throughout Asia-Pacific

ip.access, the creator of cellular picocell technologies will join forces with Singapore-based NexWave Technologies Pte. Ltd. NexWave is a subsidiary of TeleChoice International Limited.

The alliance between ip-access and NexWave offers significant business benefits to both parties. NexWave will strengthen its service offerings to mobile operators across the Asia-Pacific region with ip.access' market-leading nanoGSM products, while ip.access will expand and strengthen its marketing, channel and fulfilment presence in the Asia Pacific region through its partnership with NexWave.

TeleChoice is a leading infocommunications company with operations throughout the Asia-Pacific, the Americas and Europe. [+]

Armstrong Industrial Makes Foray Into Australian Automotive Market With Leading Australian Automotive Parts Supplier, Universal Forme Pty Ltd

Armstrong Industrial Corporation Limited has entered the US$12.75 billion Australian automotive market with a strategic alliance with Universal Forme Pty Ltd, an Australian automotive parts supplier with more than 25 years experience and with operations in Taiwan and India. UFC supplies to major carmakers including Holden, Toyota and Ford.

The collaboration will benefit both parties by widening their product range, market coverage and R&D capabilities including design.

Armstrong Industrial Corporation is a leading precision engineering specialist in the manufacture and supply of foam and rubber mechanical components. [+]


CEO's Walk The Talk

"…Nuclear power plants demand the highest and most stringent quality standards right through from its construction stage to completion. Securing this project clearly reflects our Company's abilities and attests to the confidence our customers place in us…"
Mr Huang Hanguang
Chief Executive Officer
Asia Water Technology Ltd.

Highlighted Company

Established in 1996, Full Apex (Holdings) Limited (the "Company" or "Full Apex") and its subsidiaries (the "Group") manufactures Polyethylene Terephthalate ("PET") bottles for a range of carbonated and non-carbonated beverages, corrugated paper packaging products and shrink film which is used as a complementary packaging product.

The Group's main business lies in the production of PET bottles used for carbonated beverages and hot-filled PET bottles which are used for non-carbonated beverages such as teas, fruit juices and isotonic drinks. The Group is one of top three PET bottle manufacturers in the People's Republic of China ("PRC"). It currently operates seven PET bottle production plants located in Guangzhou, Chengdu, Qingdao, Tianjin, Shenzhen, Jiedong and Zhanjiang. The Group's Guangzhou plant also produces shrink film. Full Apex operates a plant in Nanhai for the manufacture of premium corrugated paper packaging products.

Besides market leaders in the PRC beverage industry, the Group's customers also include a good mix of multinational corporations and local manufacturers from the electronics and electrical, computer and peripherals, food and beverage and household products' sectors.

Full Apex was listed on the Main Board of the Singapore Exchange Securities Trading Limited in June 2003.

Historical Price Data
 Date Open High Low Close
 22 Dec 2006  0.300  0.320  0.300  0.310
 21 Dec 2006  0.300  0.300  0.295  0.295
 20 Dec 2006  0.300  0.300  0.300  0.300
 19 Dec 2006
 18 Dec 2006  0.300  0.300  0.300  0.300

Historial EPS ($) a
Rolling EPS ($) e
NAV ($) b
Historical PE
Rolling PE f
Price / NAV b
Dividend ($) d
52 Weeks High
Par Value ($)
   HKD 0.200
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 13/11/2006. 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

13 Nov 2006 Resignation Of Director
11 Nov 2006 Third Quarter Financial Statement And Dividend Announcement
12 Aug 2006 Full Apex Reports RMB88.5m Net Profit For 1HFY2006
12 Aug 2006 Half Year And Second Quarter Financial Statement And Dividend Announcement
12 May 2006 First Quarter Financial Statement And Dividend Announcement

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