19 March 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
 Gen Int
188,042
 THBEV
166,559
 Indofood
128,073
 ChinaEnergy
127,046
 Delong
125,740
Weekly movement as at 16 March 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
 Ascendasreit A
2.250
+2.250
 HPL
4.700
+1.040
 SKM8%JB121120Pr 10k
1.560
+0.560
 OmegaNav 50
22.500
+0.500
 Thai Prime200US$
5.750
+0.500
Weekly movement as at 16 March 2007

 
HEADLINES FOR THE WEEK
eSys Technologies: Takes steps up the value chain by starting new initiatives on end-to-end information technology solutions
Brothers (Holdings) Ltd: Links up with Chee Eng Hang Pte Ltd in venture to construct terrace houses in Shenyang, China
UOB: Acquires space occupied by the Singapore Exchange at SGX Centre for $271m
China Petrotech: Subsidiary wins 7-year contract to develop oil block in Shaanbei, China
SPH: Announces sale of remain unit of Sky@eleven at a good, above average price
SPC: Sells off 40.16% stake in Tiger Oil Corp for $30.5m to STX Energy Co
Cityneon International Pte Ltd: Engages in share placement of 5.7m shares in Cityneon Holdings to institutional investors
Keppel Land: Links up with Vietnamese developer in JV for 4.8ha residential site project
Banyan Tree: Gets the go ahead to start on US$270m beach resort project in Danang, Vietnam
Hyflux: Subsidiary clinches 3 projects worth RMB 340m in China
ECS Holdings: Ups stake in Indonesian subsidiary to 90%
Ocean Sky International: Proposes placement of 38m new shares intending to raise $6.8m for investment in Vietnam as well as working capital

 

Sihuan Pharmaceutical: IPOs 120m shares at 43 cents per share in its SGX listing
CapitalLand: Confirms part in Macau mega-project with HK$658.8m acquisition of East Asia Satellite Television (Holdings) Ltd who owns the land for which Macau Studio City is to be developed
Ho Bee Investment: And partner IOI Land Singapore win bid to develop Seaview Collection condo site
GEMS TV Holdings: Proposes Euro 4m acquisition of 40% stake in GEMS TV Deutscheland GmbH
Tiger Airways:  Gets go ahead for proposed four flights a week between Singapore and Perth
Singapore Technologies Engineering: On board $400m project to provide and maintain a ship and submarine rescue system for the RSN
CapitaLand: Expects to net $30.3m worth of proceeds from placement of 100m units of Ascott Residence Trust
Chemoil Energy: Shells out US$72m in the acquisition of Helios Terminal Corp, Olympic Shipping Pte Ltd, Pine Valley Inc and Cypress Point Inc from Andorra Services
Ezra Holdings: Looking to list overseas in an European exchange

 

CXO Profile

Sino-Environment’s New Volatile Organic Compounds (VOC) System Set to Take on Oil Industry in SEA

Sino-Environment reports stellar results for FY06 with net profits up by 75.2 percent at RMB 91.5 million. The company’s Earnings Per Share also grew from RMB 23.30 to 31.97 cents. This was mainly because of increased revenue streams from industrial waste gas treatment, management and recovery projects which rose at an average of RMB 0.8 million per contract.

Although the company has yet to take advantage of the international carbon credits quotas set down in the Kyoto Protocol due to the lack of a carbon credits exchange in China, it sees this as a viable business in the near future said Executive Director and Chief Financial Officer, Mr David Tan.

As for future growth, the company has recently completed an enhanced version of their current Volatile Organic Compound recovery system. The system allows for the more efficient recovery of waste gases normally burnt away at oil refinery towers. Statistics record the reclaiming of 6-7 tonnes of gas every hour with the use of the system which is worth up to RMB 8000-10000 per tonne of gases. When installed, the system can be used up to 10 years before needing to be replaced as said by Executive Chairman and Chief Executive Officer Mr. Sun Jiangrong.

The company is also currently in talks with oil companies with regard to the possibility of using the system as a means of expanding into the South East Asia region. Mr. Sun said that the reason for this is because the combined oil producing capacity in South East Asian countries like Indonesia are greater than that of China itself and hence present a much larger market presence.

 

 
 

HOT Off The Press

Gems TV Forms Singapore Subsidiary


Gems TV Holdings Limited forms a subsidiary GEMSASIA Pte Ltd in Singapore.

The company's share capital is S$2.00 comprising 2 ordinary shares.

It will be engaged in the business of management consultancy, investment holding and trading services.

We are an integrated manufacturer and television home shopping retailer of colored gemstone jewelry. We are the UK's leading dedicated television home shopping retailer of colored gemstone jewelry. We sell our own handcrafted gemstone jewelry directly to customers primarily via television, as well as over the Internet, through a ""reverse auction'' system. We operate our business through two principal operating subsidiaries, our manufacturing subsidiary in Thailand and our television home shopping subsidiary in the UK. Our vertically integrated supply and retail business structure removes the complex supply chains and multiple intermediaries that are traditionally present in the jewelry industry and allows us to provide better value to our customers.

Gems TV to Acquire Stake in Gems TV Deutschland GmbH


Gems TV Holdings Limited has entered an option agreement to acquire 40% of Gems TV Deutschland GmbH.

The agreement will allow Gems TV to purchase the former for Euro 4,000,000 at any time.

This confirms Gems TV's intent for a long-term focus with their partners to expand the business in Germany.

We are an integrated manufacturer and television home shopping retailer of colored gemstone jewelry. We are the UK's leading dedicated television home shopping retailer of colored gemstone jewelry. We sell our own handcrafted gemstone jewelry directly to customers primarily via television, as well as over the Internet, through a ""reverse auction'' system. We operate our business through two principal operating subsidiaries, our manufacturing subsidiary in Thailand and our television home shopping subsidiary in the UK. Our vertically integrated supply and retail business structure removes the complex supply chains and multiple intermediaries that are traditionally present in the jewelry industry and allows us to provide better value to our customers.

Aztech Showcases 3 Main Products at CeBit 2007


Aztech Systems Ltd showcases its products at the CeBit 2007 IT show in Hanover, Germany.

The three main products showcased at the fair are the PC-less Skype DECT to enjoy Skype with no computer required, the ultra fast 200Mbps HomePlug Audio/Video powerline adapter to stream your IPTV and the VDSL2 gateway for triple play of video, voice & Internet up to 10 times faster than standard ADSL.

Aztech intends to use this publicity to broaden the reach of the company's complete and vertically integrated Contract Manufacturing turnkey services to the worldwide show visitors.

Aztech's OEM/ODM sales business segment is involved in the designing, developing, manufacturing and marketing of data communication, voice communication as well as multi-media products. Aztech also provides Contract Manufacturing Services including printed circuit board, box build assemblies, plastic tooling and plastic injection.

Inter-Roller Wins Enterprise Award 2006


Inter-Roller Engineering Limited clinches the Enterprise Award 2006 given out at the Singapore Business Awards jointly sponsored by The Business Times and DHL Worldwide Express.

The selection criteria for the award are based on Innovation, Financial Performance/Productivity, Company Management and Contribution to the Community.

Managing Director Mr. Oon Chong Howe received the award from Mr. Hsuan Owyang, Chairman of the Judging Panel at the award ceremony held on 9 March 2007 at the Ritz Carlton, Millenia Singapore.

Inter-Roller specialises in the designing and building of Airport Logistics Systems such as Airport Baggage Handling Systems, In-flight Catering Systems, Air Cargo Handling Systems and Parcel Handling Systems. In addition, Inter-Roller also designs and builds Industrial Automation Systems, Bulk Handling Systems, Automated Car Parking Systems and Air Handling/ Pollution Control Systems.

Epure Acquires a 15 percent Stake In a China Company


Epure International Ltd's subsidiary has taken a 15 percent stake in Anyang Mingbo Water Co., Ltd. to undertake Build Operate and Transfer project in Anyang city.

The company will invest RMB6.75 million in total, of which RMB1.5 million will be paid upfront. The remaining RMB5.25 million will be paid over the next two years.

The principal activities of Anyang Mingbo include investment, construction and operations management in municipal wastewater project as well as the recycling and sales of treated water. The business licence is valid for a period of 30 years until February 2037.

Epure International is one of the leading one-stop water and wastewater treatment solutions providers in the PRC that is backed by extensive R&D, technical expertise and proven track record. The company develops proprietary water and wastewater treatment technologies and customises them into effective turnkey solutions for both industrial and municipal projects.

 


Trek 2000 Proposes Launch of 3 Security Solutions at CeBIT


Trek 2000 International Limited will be unveiling 3 solutions to do with security, encryption and data compression at the CeBIT exhibition in Hanover, Germany.

The star attraction of the solution is the ThumbDrive STRIKES catering to the increased demand for secure online transactions and machine readable travel documents.

The ThumbDrive® STRIKES is a flash drive with an integrated high-end smart chip. The smart chip can communicate with a computer device through the built-in USB interface or the ISO 14443 Type-A contactless interface. It supports encryption standards like DES, 3DES, AES, RSA, ECC, SHA-1, and SHA-2. ThumbDrive® STRIKES also provides AES encryption on the flash storage.

Trek 2000 provides turnkey customised engineering solutions to OEMs, ODMs and other electronics manufacturing services providers in the high tech consumer electronics and industrial electronics markets. Trek 2000's area of focus is in digital compression technologies, high-speed power circuits, mobile data storage, and wireless communication.

Chuan Hup Receives Offer From Walnut Pte Ltd For a Stake In It


Walnut Pte Ltd proposes to acquire 12,779,500 ordinary shares in Chuan Hup Holdings Limited.

This will represent a 1.18 percent stake of the total issued shares of the company.

The shares offer will be priced at S$0.34 per share in cash.

Chuan Hup Holdings Limited ("CHH") was founded in 1970 as a tug and barge service provider for the PSA Corporation in Singapore initially. The company subsequently developed a core competency in the provision of marine transportation services to the mining and energy sectors within the ASEAN region. In so doing, CHH has established itself as one of the leading owners and operators of marine transport equipment to the resource industries.

China Petrotech Wins Bigger Scale Oil Services Contract


A subsidiary of the company Petroservices Engineering Inc. (PEI) has been awarded a large scale integrated oilfield services contract in Shaanbei, China.

This is a 7-year production contract awarded by a unit of the Sinopec Group and involves a 15.0 square kilometre oil block which forms part of an existing producing oil field.

The contract area has an estimated total oil reserve of 20 million barrels. The production output per well is estimated at 10 barrels per day. PEI will be responsible for the development and production of this contract area. According to its development plan, it expects to commence work in April 2007. PEI estimates that it can drill 30 wells in 2007 and another 50 wells in 2008. The total drilling costs per well is estimated at RMB1 million, drilled to an average depth of
1,200 metres.

The Group offers diverse and integrated IT solutions to oil and gas companies in China, with a focus on the exploration (onshore and offshore), development and production of oil and gas. The Group's IT solutions and services include design and development, marketing and implementation of standardised software solutions, software customisation, and provision of value-added services such as software maintenance and upgrading services. Its standardised software solutions can be categorised into data collection and transmission systems, data management systems and data application systems.

Global Voice To Provide Content Delivery Solution for TV Company


Global Voice Group Limited has signed an agreement to provide a high availability integrated colocation and private fiber network solution for Endemol's TV network.

The solution comprises a private fiber network, linking multiple production sites to Global Voice's high-power density datacenter, establishing a twin facility datacenter solution for assured business continuity.

Global Voice extended its private fiber network into the Media Gateway, the central hub for all content owners and distributors including broadcasters, ISP's, carriers, and cable companies, to connect all of Endemol's production sites.

GVN owns and operates one of the largest Metropolitan Area Network businesses (MANs) in Europe. Its fibre 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.

Eu Yan Sang Launches New Ginseng Processing Facilities in Hong Kong


Eu Yan Sang International Ltd has launched its new Quality Assurance Processing Facility for Wisconsin American Ginseng in Hong Kong.

The plant is situated at Yuen Long Industrial Park and the certified and processed Wisconsin American Ginseng will then be exported from the Hong Kong GMP centre to markets worldwide.

With this, the company was granted the sole right to use the Wisconsin Ginseng Seal® by Ginseng Board of Wisconsin.

The principal activities of the Company are investment holding and the provision of management services to the Group. Today, EYS manufactures and markets fine quality, Chinese herbs, Chinese Proprietary Medicines as well as health foods. EYS currently offers more than 250 products under its "Eu Yan Sang" brand name and over 1,000 different types of Chinese herbs and other medicinal products. Manufacturing facilities are carried out in its three GMP-certified (Good Manufacturing Practice) factories in Hong Kong and Malaysia.

 

CEO's Walk The Talk

"..While we understand the requirements of the investment community in general to focus on the near-term, our managerial focus is firmly on growth sustainability in the mid to long term. We believe in setting a strategic direction for the future. This will be followed by tactical execution while fine-tuning our plans according to actual circumstances, and striving to manage short-term fluctuations to the best of our abilities..."
Richard Eu, Chairman
Eu Yan Sang



Highlighted Company


The company is an integrated manufacturer and television home shopping retailer of colored gemstone jewelry. They are the UK's leading dedicated television home shopping retailer of colored gemstone jewelry and sell their own handcrafted gemstone jewelry directly to customers primarily via television, as well as over the Internet, through a "reverse auction" system. It operates its business through two principal operating subsidiaries, our manufacturing subsidiary in Thailand and our television home shopping subsidiary in the UK. The company's vertically integrated supply and retail business structure removes the complex supply chains and multiple intermediaries that are traditionally present in the jewelry industry and allows them to provide better value to our customers.








































Historical Price Data
 Date Open High Low Close
Volume  
14 Mar 2007 1.690 1.710 1.660 1.700
3,515,000
13 Mar 2007 1.760 1.780 1.680 1.750
1,510,000
12 Mar 2007 1.650 1.780 1.640 1.760
2,417,000
09 Mar 2007
1.640
1.670
1.620
1.650
962,000
08 Mar 2007 1.640 1.640 1.590 1.630
3,021,000

Fundamentals
Historial EPS ($) a
  0.04432
Rolling EPS ($) e
  -
NAV ($) b
  0.2855
Historical PE
  38.357
Rolling PE f
  -
Price / NAV b
  5.954
Dividend ($) d
  -
52 Weeks High
  1.780
Par Value ($)
  USD 0.001
Dividend Yield (%) d
  -
52 Weeks Low
  1.160
Market Cap (M)
  1751.510
Issued & Paid-up Units c
  1,030,300,000
 
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 12/02/2007. 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
13 Mar 2007 Gems TV Signed Option To Acquire 40% Of Gems TV Deutschland GmbH
13 Mar 2007 Option To Acquire 40% Of Gems TV Deutschland GmbH
12 Mar 2007 Establishment Of Wholly-owned Subsidiary, Gemsasia Pte Ltd
02 Mar 2007 Gems TV's Thailand Subsidiary Receives Tax Exemption Incentive From Board Of Investment Of Thailand
28 Feb 2007 GemsTV Expands Distribution In Major US Markets To Reach More Than 22 Million Households In The USA



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