26 February 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 Gen Int
256,780
 ChinaEntSp
256,151
 Yongnam
129,906
 FirstLink
121,377
 UTAC
109,121
Weekly movement as at 23 February 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
 OCBC Bk CSeCW070327
2.330
+1.190
 GLD 10US$
67.200
+1.000
 JMH 400US$
23.700
+0.900
 SGX
7.600
+0.900
 " STI ETF 100
33.300
+0.750
Weekly movement as at 23 February 2007

 
HEADLINES FOR THE WEEK
Zagro Asia: Set to enter European arena with registration of its
Neocidol livestock health product in Spain and the Netherlands
Ascott Group: Proposes $147m sale of Hotel Asia
TT International: Pays $13.5m worth of shares for complete
control of Novena Holdings
Tat Hong Holdings: Australian subsidiary acquires crane
company for A$17.8m
OSIM: Releases new uPapa product in line with aggressive
marketing strategies to recover from Q3 net loss
SPC: Agrees to JV with Tap Oil and Jubilant Energy for its
first Australian Oil and Gas project
Youcan Foods: Releases 9.5m shares to Yeo Hiap Seng
raising RMB14.9m to expand operations

 

Aban Singapore Pte Ltd: Sells off convertible bonds worth US$150m
to 4 investors in private placement
Keppel Corporation: Envirotech arm takes $35m Netherlands contract
and in process of talks over $1b worth of contracts
Global Voice Group: Enters agreement with Amsterdam Internet
Exchange to provide a mission critical integrated colocation and private
fiber network
Koon Holdings: 2 directors from Koon Holdings thwarted in attempt to
stop the issuing of 12m warrants to Valecha Engineering
GeneMedix:  Confirms de-listing from SGX in move to list in
London's AIM market
CSE Global Ltd: UK subsidiary takes $7.5m contract to implement
the Enterprise SCADA solution for Severn Trent Water

 

HOT Off The Press

Singapore Computer Systems Clinches $10m Contract from SPRING Singapore


Singapore Computer Systems has won a $10m contract to provide application software and IT infrastructure management and support for SPRING Singapore.

The contract will last for a period of 3 years beginning March 1, 2007.

Singapore Computer Systems ("SCS") is a leading information and communications technology service provider in Asia. As the provider of Trusted Services to its customers, SCS empowers organisations with competent IT professionals, using proven processes and living technologies in a timely and cost-effective manner.

Novena Holdings Proposes Sale of Furniture Assets and Businesses


Novena has announced the proposed acquisition of their furniture assets and businesses by TT International for a consideration of $13,500,000.

In the proposed transaction, TT International will take over 6 directly and wholly-owned Singapore incorporated subsidiaries including the registered trademarks of Novena, Castilla Premium, Castilla, Castilla Modern, Natural Living, Modern Living and The White Collection.

Completion of the transaction will occur in approximately two weeks if the terms of the sale are satisfied.

The Novena group is in the business of manufacturing, export, wholesale and retail of household furniture and furnishings under four different brands, namely Novena, Castilla, The White Collection and Modern Living. In July 2002, the Group has successfully invested 70% of Leewah Essentials Pte Ltd and NC Essentials Pte Ltd, a leading retailer of beauty and personal care products.

Chemoil Enters JV with International Management Holdings


Chemoil Energy Limited Enters a 50-50 Joint Venture with Panama-based International Management Holdings.

The two will establish Belgrave Investors, Corp Incorporated in the British Virgin Islands.

Belgrave will be the holding company for Pacifico Bunkering Services, S.A. which owns and operates the bunker delivery barge, MT Pacifico Trader in Panama and will hold 100 percent of the shares of Pacifico.

Chemoil are one of the largest and leading integrated physical suppliers of marine fuel products globally. They purchase fuel oil, diesel oil and blend components from national oil companies, refineries, major oil producers and other sources. They transport, store and blend marine fuel, which they sell and deliver to a broad base of customers. These customers include a diverse group of ocean-going ship operators, international container and tanker fleets, time charter operators, marine fuel traders and other customers. They participate in all key stages of the marine fuel supply chain, enabling them to capture margins at every stage.

Zhongguo PowerPlus Proposes Private Placement of New Shares


Zhongguo PowerPlus Industries Limited proposes placement of 70.8m new shares to 8 parties including prominent investors like Sam Goi and Yeo Cheow Tong.

The $14.47m of expected proceeds raised will be used as general working capital.

Zhongguo PowerPlus is principally engaged in the design, manufacture and sale of hand-held agricultural equipment, specifically hand-sprayers, mist-dusters and brush-cutters as well as related components of such equipment.

It has registered 29 patents as at the end of June 2004. Its products are distributed under its "Yongjia" brand to more than 30 provinces, autonomous regions, municipalities and special administrative regions in China and exported to countries such as Bangladesh, Indonesia, South Korea, Malaysia, Singapore and Thailand.

Olam Sets up Subsidiary in Congo


Olam International has incorporated a wholly-owned subsidiary in the Republic of Congo, Olam ROC S.A.R.L.

The subsidiary has a a registered and paid-up capital of 10,000,000 CFA Francs divided into 1,000 shares of 10,000 CFA Francs each.

The core business of the subsidiary will be that of sourcing and production of agricultural products and food ingredients.

The Group produces cocoa ingredients in six countries and supplies its products to customers, including leading international food and beverage companies, in over 30 countries world-wide. It also manufactures, distributes and/or sells branded consumer goods in Indonesia and other countries in Asia and its portfolio of brands includes some products which are leaders in their categories. The Group also distributes third party brands in Indonesia, Singapore and Malaysia, capitalising on its existing distribution channels.

 


Tat Hong Australian Subsidiary Acquires Crane Company


Tat Hong's Tutt Bryant Group Limited pays A$17.8m for Muswellbrook Crane Services Pty Ltd.

The group will also assume Muswellbrook's A$2.9m in finance liabilities.

The sale will be funded by an announced Renounceable Rights Issue with the Rights Issue fully underwritten by ABN AMRO Morgans Corporate Ltd.

The group is principally involved in the rental and sale of cranes and the sale of spare parts for cranes. Apart from cranes, the group is also involved in the rental and sale of other ancillary heavy equipment such as excavators, bulldozers, earth-moving equipment, foundation equipment, piling rigs and generators.

Global Voice Group Signs Multi-Year Agreement with Amsterdam Internet Exchange


Global Voice Group clinches a contract to provide a mission critical integrated colocation and private fiber network solution to host and network the world's largest Internet Exchange.

GVN owns and operates one of the largest Metropolitan Area Network businesses (MANs) in Europe. Its fiber networks are located in 14 cities. GVN's uses its highly secure networks to provide its clients with IP products and business continuity services, which include disaster recovery services, online data storage and content delivery. GVN's main target industry sectors are the regulatory-driven banking & insurance industry, pharmaceutical and government.

Yoma Strategic Holdings Announces Proposed Acquisition of Plantation Resources Pte Ltd Shares


Yoma Strategic Holdings proposes the buying of 370,000 Plantation Resources Pte Ltd's shares.

The transaction will represent a 52.86 percent stake or 15.53m new shares being acquired by Yoma at a consideration of approximately $5.87m.

The Group is engaged in property development, construction and piling services, project management and design services in Myanmar. The Group portfolio of development properties includes apartments, condominiums and bungalows. In property development, the Group manages all the property projects initiated by its group including the provision of detailed budgeting, costing and planning, as well as project management. Its construction services which support its property development business include foundation piling works for various types of buildings and acting as contractor for super-structure construction works. The Group also supplies ready-mixed concrete, sand and shingle to the Myanmar construction industry.

Petra Foods to Engage in JV to Enter European Market


Petra Foods intend to acquire a majority stake in a joint venture with Europe-based Armajaro Holdings Limited.

The company will take a 60 percent stake in the venture for 16m Euro in the JV named Petra Armajaro Pte Ltd.

Petra Armajaro will hold cocoa processing facilities in Germany, France and Holland.

The Group is principally engaged in the manufacture and supply of cocoa ingredients, namely cocoa powder, cocoa butter and cocoa liquor. It also manufactures and or distributes branded consumer products, primarily chocolate confectionery. The Group is one of the world's major manufacturers and suppliers of cocoa ingredients.

 

 

 

CEO's Walk The Talk

"..Business is about taking calculated risks, about the necessary steps we have to take now in order to ensure higher levels of growth in the future. I liken it to the pruning of a tree. Let's say you have a beautiful fruit tree that is bearing good fruits. In order for the tree to grow into an even bigger and more productive tree, we would need to prune it by cutting off leaves and branches. We can spare it from this painful process, but five years down the road, it will begin to lose its productivity and beauty. However, if we prune it now, then in a few years time, it will turn out to be an even bigger tree, bearing bigger and better fruits..."
Kenny Yap, Executive Chairman and Managing Director
Qian Hu Corporation Limited



Highlighted Company


TT International is an Asian MNC with strong expertise in penetrating into emerging markets worldwide. Its core businesses are:

  • Sourcing, trading and distribution of branded electrical and electronics products;
  • Marketing, sale and brand management of its AKIRA brand of consumer electronics products; and
  • Complemented by third-party warehousing & logistics services and localized assembly activities

TT International's AKIRA brand of consumer electronics products that includes a full range of audio-visual products, household products and home appliances, has market coverage of some 60 countries worldwide. The Group is fully committed in providing total supply chain management services to its customers. Its aim is to strengthen its global reach and it will continue to position its business activities to remain focused on its mission of making the world its market.








































Historical Price Data
 Date Open High Low Close
Volume  
22 Feb 2007 0.205 0.210 0.200 0.200
4,155,000
21 Feb 2007 0.205 0.225 0.200 0.210
4,966,000
16 Feb 2007 0.170 0.175 0.170 0.175
451,000
15 Feb 2007
0.170
0.175
0.170
0.170
585,000
14 Feb 2007 0.175 0.175 0.170 0.170
435,000

Fundamentals
Historial EPS ($) a
  0.02228
Rolling EPS ($) e
  0.02154
NAV ($) b
  0.2638
Historical PE
  8.977
Rolling PE f
  9.285
Price / NAV b
  0.758
Dividend ($) d
  0.009000
52 Weeks High
  0.225
Par Value ($)
  n.a.
Dividend Yield (%) d
  4.500
52 Weeks Low
  0.130
Market Cap (M)
  104.698
Issued & Paid-up Units c
  523,488,000
 
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 14/02/2006. 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
21 Feb 2007 Proposed Acquisition Of Furniture Assets And Businesses
21 Feb 2007 TT International To Buy Furniture & Furnishing Business Of Novena Holdings For Approximately S$13.5 Million; Novena Becomes 2nd Largest Shareholder In TT International
15 Feb 2007 Third Quarter Results Announcement-Statement Pursuant To Rule 705(4) Of The Listing Manual
13 Feb 2007 Third Quarter Financial Statement And Dividend Announcement
14 Nov 2006 Second Quarter And Half-Year Financial Statement And Dividend Announcement



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