9 April 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
Gen Int
364,309
Compact
264,888
Twinwood
220,021
LottVis
216,824
Jasper
150,770
Weekly movement as at 05 April 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
JMH 400US$
22.900
+1.800
BukitSem W071113
7.900
+1.250
BukitSem
12.000
+1.200
" STI ETF 100 IOPV
33.806
+1.147
GLD 10US$
66.900
+1.100
Weekly movement as at 05 April 2007

 
HEADLINES FOR THE WEEK
SGX: Market cap to hit $678b as of March 31
Soup Restaurant: Intends Sesdeq listing to beef up finances for local and regional expansion
FirstLink Investments Corporation: Subsidiary invests $1m along with 2 other companies in Van Der Horst Biodiesel
BH Global Marine: Secures $5.2m worth of contracts from new and existing clients in the marine and oil and gas sector
Surbana Consultants: Awarded $5m project to master-plan two municipalities in Qatar
SembMarine: Subsidiary wins US$149m jack-up rig project form Norway-based Awilco Offshore ASA
Asia Environment: Secures RMB 100m project to build and operate a Shanghai wastewater treatment plant for 26 years
Sim Lian Group: Plans 50m share placement to raise $28.3m for working capital needs
HLN Technologies Ltd: Wins $4.0m deal from German customer
Tat Hong Holdings: Proposes acquisition of a 76.4% stake in a China construction equipment leasing firm

 

Thomson Medical: In talks with Indonesia and Malaysia firms to be involved in JV hospitals
CyGenics: Turns business emphasis to cord blood banking
NOL: Reports cargo carried increase by 2% in the 4 weeks to March 9
AIG Global Investment Corporation: Acquires 8% of First Ship Lease Trust to become a substantial shareholder
KS Energy:  Ties up with Saudi equity firm and Norwegian-listed fabrication yard in US$148m jack-up drilling rig construction project
Cosco: Subsidiary awarded US$35m FPSO conversion project from Modec International LLC
UOL Group: Proposes $79.5m acquisition of Spottiswoode Apartment
SP Chemicals: Signs MOUs in Vietnam to explore business and investment opportunities
C&O Pharmaceutical Technology: Sees 86.7m shares bought up at $30.4m by fund manager CMIA for investment purposes
Sin Ghee Huat: Expects to take in $21m in IPO net proceeds
CosmoSteel Holdings: Proposes SGX listing

 

HOT Off The Press

Popular Holdings Hosts One Robin Ground Breaking Ceremony


Popular Holdings host a ground breaking ceremony signifying the construction launch of its first residential property development project.

Christened One Robin, the project is designed by award-winning Forum Architects and is located in District 10.

The development provides an allowable area of 2,940 square metres (31,646 square feet). It will house a 17-floor tower which includes 1 penthouse, 1 duplex unit, 12 typical units averaging 2,000 sq ft per unit on each floor, a swimming pool, kid's pool and jacuzzi. Other features include private lift lobby and spacious balcony.

Popular is a leading regional media powerhouse with an integrated business model strategically built on its core competencies in content creation and publishing, and retail and distribution. The group has more than 20 subsidiaries operating in Singapore, Malaysia, Macau, Taiwan, China and Canada.

C&O Successful In Online Procurement Tender


C&O Pharmaceutical Technology (Holding) Limited was successful in getting 11 of its pharmaceutical products procured in the Guangdong Online Centralized Tender.

Companies successful in the online tender exercise will be included in the procurement catalogues of the 930 hospitals in Guangdong Province participating in the program.

In order to provide the hospitals with a choice of suppliers, there will be more than one successful company for each product category who will be entitled to sell their products to all the participating hospitals for a one-year period.

The Group is engaged in the marketing and selling of third-party pharmaceutical products in China, and the manufacturing, marketing and selling of its own pharmaceutical products (including, in particular medicinal products) under its "C&O" brand name in China. In addition, the Group also carries out research and development and sells technical know-how in relation to pharmaceutical products.

Natural Cool Unit Forms Singapore JV


Natural Cool Holdings Limited subsidiary links up with Wu Ding Rong to form a joint venture in Singapore.

The company, Nuclear Steel Pte Ltd has a total issued and paid up share capital of US$500,000 ordinary shares divided into 500,000 ordinary shares, of which 51 percent of the shares is held by Natural Cool and 49 percent is held by Wu Ding Rong.

The primary business of the company is the trading of ferrous and non-ferrous materials in South East Asia.

The Group initially commenced business serving mainly the retail sector in air-conditioning systems installation and servicing. The Group has since expanded business operations into the commercial sector. In an effort to expedite growth and strengthen the Group's presence in the commercial sector, the Group has extended horizontally into switchgear manufacturing and sales.

Cosco Shipyard Awarded Contract for FPSO


Cosco Shipyard Group, a unit of Cosco Corporation (Singapore) Limited has clinched a contract from MODEC International LLC.

The contract is to carry out the hull and marine repair and conversion work of an oil carrier to a FPSO (Floating, production, storage and offloading unit) capable of handling 1.6 million bbl.

The project worth US$35 million, will be carried out at the Group's Dalian Shipyard will commence in April 2007.

The principal activities of the Company are those of investment holding. The Group owns and operates ships. Its shipping-related businesses provide supporting services to the Cosco group, such as shipping agency services, ship repairs and container depots. The Group owns and develops property and engages in general trading.

Asia Environment Wins BOT Deal For Wastewater Treatment Plant


Asia Environment Holdings Ltd has secured a Build-Operate-Transfer agreement to build and operate a wastewater treatment plant in Jinshan Industrial Park II, Shanghai.

There will be 2 phases in this Shanghai Jinshan BOT Project- the first phase, with an investment cost of RMB 100 million , will see the construction of a 25,000 cubic metres per day wastewater treatment plant while the second phase will see the capacity expansion of the wastewater treatment plant to 50,000 cubic metres per day.

Construction of the Shanghai Jinshan BOT project is expected to commence within the next 3 to 6 months and a special purpose vehicle with a registered capital of US$5.2 million will be established to undertake this development. The concession period for the Shanghai Jinshan BOT project is for 26 years starting from the date of the concession agreement.

The Group offers a comprehensive range of products and services that cover the entire spectrum of water and wastewater treatment, from planning and design to manufacturing and fabrication, construction, installation, operations and maintenance. It also starts to undertake BOT (build-operate-transfer) projects in water and wastewater treatment industries.

 

 


KS Energy Acquires Singapore Shelf Company


KS Energy Services Limited has acquired a Singapore shelf company to be known as 'KS Flow Control Pte Ltd'

The company has an issued share capital of $1.00 and will be wholly-owned by KS Energy.

The principal activities of KS Flow Control Pte. Ltd. will be those of trading and supply of instrumentation and valves; and industrial products for the oil and gas, marine and shipbuilding industries.

KS Energy is an energy services group catering to the oil & gas and petrochemical industries worldwide. In addition to distributing more than 60,000 oil & gas related products that encompass over 140 international brands, the Group through a series of acquisitions in the last few years enhanced its expertise in the related services of procurement, distribution, engineering and offshore chartering to support its customers.

Excelpoint Signs Distribution Agreement with XiLinx, Inc.


Excelpoint Technology Ltd has been appointed the distributor for XiLinx, Inc products in Mainland China, Taiwan and Hong Kong.

The products to be distributed include field-programmable gate arrays (FPGAs), complex programmable logic devices (CPLDs), development software and intellectual property cores.

Excelpoint was picked as the distributor because of its 20-year demand creation record in the Greater China region, ample coverage across 13 cities in these countries, and a strong management team willing to invest in local design resources to help customers use Xilinx's industry-leading programmable solutions in their electronic designs.

The Group is an electronic components distributor serving customers who are primarily original equipment manufacturers, contract manufacturers and sub-contractors in various industries including telecommunications, consumer electronics, industrial and instrumentation electronics, automotive, computers and computer peripherals.

KS Energy Enters JV To Build An Offshore Jack up Drilling Rig


KS Energy Services Limited enters a JV project with Amwal Al-Khaleej Commercial Investment Co. Ltd and Maritime Industrial Services Co., Ltd. Inc. in the Middle East.

The project, worth US$148million, is to build a Friede & Goldman Super M2 design offshore jack up drilling rig.

The delivery of the rig will be 30 months from the effective date of the contract. The joint venture company is presently exploring leasing opportunities with various parties.

KS Energy is an energy services group catering to the oil & gas and petrochemical industries worldwide. In addition to distributing more than 60,000 oil & gas related products that encompass over 140 international brands, the Group through a series of acquisitions in the last few years enhanced its expertise in the related services of procurement, distribution, engineering and offshore chartering to support its customers.

Tat Hong Proposes JV in Jiangsu, China


Tat Hong Holdings Limited subsidiary entered into a joint venture agreement with China Nuclear Industry Huaxing Construction Company Limited.

The JV company is named China Nuclear Huaxing Tat Hong Construction Machinery Co., Ltd. The Tat Hong unit will have a total registered capital of RMB 50,855,760 or 76.36 percent of the JV company.

The Joint Venture Company is and will be principally engaged in the provision of rental of tower cranes, heavy lifting equipment and related services to the construction industry in the People's Republic of China, with special focus in the nuclear industry segment in the People's Republic of China.

AusGroup Secures Offshore Oil Platform Project


AusGroup Limited receives a letter of intent for an Australian contract worth A$26-28 million.

The company will be involved in the procurement, fabrication and load out of an unmanned wellhead platform. The work on the gas platform includes the jacket, the topside modules and the piles.

This sub-sea platform will be connected to an onshore gas plant. The gas extracted will be transported via an 18” sub-sea pipeline 108 km long.

The Group is an integrated multi-disciplinary engineering services provider serving mainly the oil and gas and mining-related which includes extraction and processing of mineral ores industries. From industrial construction to maintenance services, the Group is able to provide total engineering solutions and specialist services across a variety of fields.  

 

CEO's Walk The Talk

“In supplying parts and equipment to a wide network of oil majors, rig owners and drilling contractors over the last 30 years, we have established close working relationships with them. Our in depth knowledge of the condition and availability of their vintage capital equipment allows us to fulfill demand for specific capital equipment by procuring and refurbishing these used equipment. We strengthened our unique business model of providing refurbished capital equipment in the last few years by recruiting suitable talent to boost our management and technical capabilities as well as acquiring numerous companies to enhance our engineering capabilities and improve our product offering. To-date, we have secured 14 capital equipment related contracts from major oil companies in Asia, Scandinavia, North America as well as the Middle East. All completed projects were successfully finished on time and within budget, earning us a proven track record in the industry. We will continue to leverage on our competitive advantages to capitalise on business opportunities in the global market.”
Chew Thiam Keng, Chief Executive Officer
KS Energy Services Limited



Highlighted Company


Building on its core competencies, home-grown infrastructure and civil engineering company OKP Holdings Limited (OKP) is poised to ride the current growth wave in the oil and gas Sector, both locally and overseas, while continuing to strengthen its presence in Singapore.

This rapidly-growing company is actively prospecting for more and larger-scale contracts, following its success in breaking into the exciting oil & gas market last year. It won its first - and biggest - contract in this sector from Rotary Engineering Limited (REL) for a project involving the construction of one of the world's largest independent oil storage terminals. It subsequently landed more deals, including the New Polymer Storage in Jurong Island for Exxonmobil Chemical Asia Pacific by Foster Wheeler Asia Pacific Pte Ltd and WorleyParsons Pte Ltd. Through a joint venture company with REL, it looks set to make further inroads into this promising sector.

The Company continues to prospect for jobs overseas; it is currently working on an airport infrastructure project in Rota, in the Commonwealth of Northern Mariana Islands. Even while it gears up to meet these challenges, OKP will stay focused on its core competencies, concentrating on construction and maintenance projects through which it has built up a distinctive track record.

OKP prides itself on four key strengths: management's hands-on approach, strong relationships with customers and suppliers, an experienced management team and engineering teams that are equipped with specialist capabilities. With 40 years of experience, a proven track record and a buoyant market, OKP is certainly well positioned for growth ahead.






































Historical Price Data
 Date Open High Low Close
Volume  
04 Apr 2007 0.335 0.345 0.335 0.345
5,680,000
03 Apr 2007 0.300 0.330 0.295 0.330
5,047,000
02 Apr 2007 0.295 0.300 0.295 0.300
1,596,000
30 Mar 2007
0.285
0.285
0.285
0.285
776,000
29 Mar 2007 0.275 0.280 0.280 0.280
302,000

Fundamentals
Historial EPS ($) a
  0.02768
Rolling EPS ($) e
  0.03044
NAV ($) b
  0.1514
Historical PE
  13.367
Rolling PE f
  12.155
Price / NAV b
  2.444
Dividend ($) d
  0.015000
52 Weeks High
  0.345
Par Value ($)
  n.a.
Dividend Yield (%) d
  4.054
52 Weeks Low
  0.060
Market Cap (M)
  55.449
Issued & Paid-up Units c
  149,861,000
 
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 08/02/2007. 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
04 Apri 2007 Award of Tender
03 Apri 2007 Notices Of The Annual General Meeting, Books Closure And Extraordinary General Meeting
14 March 2007 Incorporation Of OKP (Oil & Gas) Infrastructure Pte. Ltd.
27 Feb 2007 Management Online Q&A With Investors
26 Feb 2007 Proposed Placement Of Up To 13,600,000 Ordinary Shares ("Placement Shares") In The Capital Of OKP Holdings Limited (The "Company") At S$0.16821 For Each Share (The "Placement")



Disclaimer: Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, neither the publishers, authors and their employees and agents can be held liable for any errors, inaccuracies and/or omissions, howsoever caused. We shall not be liable for any actions taken based on the views expressed, or information provided within this publication. Information within this publication should not be taken or construed as an offer of, or the giving of, advice to buy or sell securities. The publishers, its associated companies and their officers, directors, employees may own or may have owned or have positions in the securities mentioned or reported in this publication, and may from time to time, add on to or dispose such securities. You should always seek your own professional advice from the appropriate advisor or institution. No part of this publication may be reproduced, stored, transmitted in any form of by any means without the permission of the Publisher.
 
 
ShareInvestor Pte Ltd 158 Cecil Street #08-03 Dapenso Building S(069545)
Tel: 62208807 Email: admin@shareinvestor.com