16 April 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
FHTK
1,908,772
Thakral
566,532
BakerTech
345,247
LottVis
250,955
Abterra
227,386
Weekly movement as at 13 April 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
" IS DJ USTECH 10US$
50.000
+12.600
HPL
6.500
+1.400
CMB RB eCW070510
0.365
+0.950
SIMSCI380DBeCW070502
1.310
+0.845
ShanghaiAC 2k HK$
1.240
+0.700
Weekly movement as at 13 April 2007

 
HEADLINES FOR THE WEEK
Ezra Holdings: Sees net profits drop 35% to $23.05m for the 6 months ending Feb 28, 2007
Armstrong Industrial: CEO places 30m shares to local and
foreign institutional investors at 19 cents per share
Popular Holdings: Acquires Shelford Road residential units for
$27.2m
Eu Yan Sang International: Picks Jennifer Lee Gek Choo as its
non-executive chairman
SPH: Chooses Deborah Lee Siew Yin as new executive VP for
corporate development
China Wheel: Subsidiary signs supply agreement with a China
FAW Group subsidiary
Cambridge Industrial Trust: Signs $10m sign-and-leaseback
deal for 128 Joo Seng Road
SGX: Sees 78 percent increase in Q3 net profits at $89.1m 
Emirates International Holdings: Working with UOB Kay Hian
on SGX-listing
Keppel Land: Proposes waterfront condo project in Vietnam

 

Thomson Medical: Announces a 34.8% increase in net profits at
$4.4m for half-year ending Feb 28
Atlantac Technology: Signals intent to acquire Chinyee Engineering &
Machinery Pte Ltd at $10.6m
Hiap Seng Engineering : Signs US$12.4m agreement to supply gas lift
compressor and booster compressor modules
Wing Tai Holdings: Set to make associate USI its main business driver
in Hong Kong via a share swap
Tat Hong Holdings:  Plans to raise $56.7m in proceeds via  40m new
shares placement
Sing Holdings: Gains new substantial shareholder Dubai Investment
Group with the sale of 27m shares or a 10% stake
Venture Corp: Chief executive officer Wong Ngit Liong took home $4m
in pay in 2006
Man Wah Holdings: Ramps up on expansion efforts in China with new
franchisees nationwide
eSun Holdings: Subsidiary looks to acquire Media Asia Entertainment
Group
China Sun Bio-chem: To purchase $59m corn starch plant from
Harvest Rich Investment
MI-Reit: Expects to rake in $312m worth of net proceeds from IPO
listing in Singapore

 

HOT Off The Press

Cambridge Industrial Trust Signs MOU In Property Acquisition


The manager of Cambridge Industrial Trust has signed a Memorandum of Understanding with Compact Metal Industries Ltd.

The agreement states that Cambridge will acquire 120 Pioneer Road Singapore 639597 for S$26.5 million.

The transaction is carried through will the condition of a 7-year leaseback for Compact Metal Industries.

Cambridge Industrial Trust is a real estate investment trust established with the objective of investing directly or indirectly in income-producing real estate and real-estate related assets which are used mainly for industrial (including warehousing) purposes.

Food Empire's MacCoffee Breaks Records In Promotional Campaign


Food Empire Holding's flagship brand MacCoffee was honoured by the Ukraine Book of Records for the most number of entries sent in for its promotional "10 cars for 10 packs" lucky draw.

The total number of entries numbered 1,040,422 or a total of 6 tons worth.

The lucky draw was for a period of 4 months entailed consumers who purchased the promotional bundle in Ukraine for eligibility to participate in the lucky draw and also a chance of winning a car. MacCoffee sponsored 10 cars as giveaway prizes in the campaign.

The company's principal activity is that of manufacture instant beverages and food products, such as frozen convenience food and snacks under its proprietary brands MacCoffee, Klassno, FesAroma, OrienBites, MacCandy and Kracks.

Popular Holdings Acquires Shelford Road Properties


Popular Holdings subsidiary has purchased 10 residential units at 18 Shelford Road.

The acquisition amounted to a total consideration of S$ 27.2 million.

The purchase price and the proposed redevelopment of 18, Shelford Road, Singapore will be financed by internal sources and bank borrowings.

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.

China Healthcare In Proposed JV With Tongren


China Healthcare Limited has signed a Heads of Agreement with Tongren Healthcare Group Co. Ltd and Mr. Zhou Zhao Hui a Chinese investor.

The strategic collaborations will involve the setting up of and investment in a joint venture
through a Special Purpose Vehicle in China that will acquire and takeover the management of two existing hospitals known as Yunnan Tongren Xin Hua Hospital and Jiangxi Tongren
Ophthalmology Hospital.

Under the Heads of Agreement, it is proposed that the Company will take up a 46 percent stake in the Proposed Joint Venture with the remaining 54 percent being held by Tongren Healthcare Group Co. Ltd. and Mr Zhou Zhao Hui collectively. The total investment by the Company will amount to approximately S$10 million in cash.

The group provides a range of healthcare services to meet the different needs of its residents, which comprise of long term and respite residential care, day care, physiotherapy, occupational therapy and speech therapy services, Traditional Chinese Medicine services, wound management, geriatric and stroke rehabilitation treatments. Besides residential nursing care services, it also provides hospital management services, bachelor of nursing degrees and diploma courses, nursing care training, ambulance services and home care services.

Cambridge Industrial Acquires Property At Joo Seng Road


Cambridge Industrial Trust has signed a Put and Call Option Agreement to acquire 128 Joo Seng Road.

The property will be sold to Cambridge for S$10 million.

The acquisition which is funded entirely by the existing debt facility will be accretive to CIT's distributable income.

Cambridge Industrial Trust is a real estate investment trust established with the objective of investing directly or indirectly in income-producing real estate and real-estate related assets which are used mainly for industrial (including warehousing) purposes.

 


Lorenzo Unit Incorporates New Subsidiary


Lorenzo International Limited subsidiary Uhin Holding Pte Ltd has incorporated a new subsidiary.

The new subsidiary Qiao Design Pty Ltd was incorporated in Australia and will be wholly-owned by Uhin.

The above investment was funded through internal sources and is not expected to have any material impact on the consolidated net tangible asset and earnings per share of the Group for the current financial year.

Lorenzo is an integrated furniture company. It designs, manufactures, assembles, wholesales and retails conceptualised lifestyle furniture.

MMI Subject Of Acquisition Bid


Precision Capital Pte Ltd, a special purpose company of Kohlberg Kravis Roberts & Co. L.P. proposes the acquisition of MMI Holdings Limited.

The entire outstanding issued share capital of MMI comprising 609,263,831 shares will be purchased by Precision Capital for approximately S$1,005 million.

The agreement is currently pending the approval of MMI shareholders of which only a majority vote not less than 75 percent will see it through.

MMI is an Electro-Mechanical Systems Contract Manufacturer with capabilities in precision machining components, turnkey contract assembly, factory automation and systems integration.

Armstrong CEO Places Out Shares To Institutional Investors


Armstrong Industrial Corporation Limited's Chairman and CEO Gilbert Ong placed out 30 million shares to institutional investors.

Managed by leading brokerage CIMB-GK, the placement drew strong response from institutional investors comprising both local and foreign-based funds, adding on to Armstrong's existing base of institutional shareholders.

Mr. Ong believes that gathering a strong institutional backing contributes to making the company a global-centric corporation with extensive overseas operations and a ready base of large MNC customers.

The principal activities of the Group are that of the manufacturing and sale of precision die-cut foam and sponge products, molded rubber and metal products for a wide range of high-tech and other applications.

Vita Holdings Subsidiary Auctions Off Vessel


Vita Holdings Limited's subsidiary has auctioned off one of its vessels M.V. Da Hong.

The vessel was sold for the sum of RMB5, 050,000. The net book value as of 28 February 2007 was US$ 317,000.

The sale of the vessel was completed on 30 March 2007, and the payment received from the sale of the vessel are currently held by the Qingdao Maritime Court for security purposes

Vita is a growing shipping group that focuses on ship chartering in the PRC market. Its ship chartering business, based in the PRC, has operations spanning the PRC, North Asia Pacific and South East Asia. The Group currently owns and charters out one container and seven cargo vessels. It provides crew and equipment, technical operation and ship navigation support to charterers, which are mainly shipping companies. The Group's property leasing and management business leases and manages 10 strategically located properties in Singapore.

Ezra Acquires Nylect Technology To Ramp Up Oil and Gas Business


Ezra Holdings Limited engages in a strategic acquisition of Nylect Technology Ltd.

It is paying $16.5 million, or 33.1 cents/share, for a 21.83% stake in Nylect Technology Limited, a 25-year old mechanical & engineering group which recently diversified into the offshore marine logistics and support services sector through subsidiary Northern Offshore Pte Ltd.

The acquisition was made with the intention of enhancing Ezra's competitive edge as Southeast Asia's leading integrated offshore support and marine services provider in the oil & gas industry.

The Group provides offshore support vessels and services to the offshore oil and gas industry. It also provides the shipping industry with other marine services such as provision of marine supplies and engineering services. Its business activities are carried out by its offshore support services division and marine services division.

 

CEO's Walk The Talk

"..Over the years the Group has received notable recognition for its ability to develop its own in-house brands, zeroing in on the relevant theme driven trigger points and positioning to ensure buy-in and continuing patronage. We continue to see the value in developing additional in-house brands, as ownership results in us receiving the full benefit derived from their success. In-house brands also allow the Group the advantage of injecting un-deterred LifeBrandz flavour into concepts, permitting the testing of the market for acceptance. In addition to this, the Company's aims to also selectively acquire the rights to more internationally acclaimed brands as this enables the Company to rapidly tap upon the brand's global goodwill and also allows management to more quickly acquire relevant in-depth knowledge of long-term proven operating systems and industry know-how..."
Michael Wong C. K., CEO, Kenneth Goh Tzu Seoh, COO
LifeBrandz



Highlighted Company


Cambridge Industrial Trust is a real estate investment trust established with the objective of investing directly or indirectly in income-producing real estate and real-estate related assets which are used mainly for industrial (including warehousing) purposes.

The manager of CIT is Cambridge Industrial Trust Management Limited. The Manager is a joint venture between Cambridge Real Estate Investment Management Pte Ltd, CWT Limited, a Singapore-incorporated company listed on the Main Board of the Singapore Exchange Securities Trading Limited which is engaged in the business of cargo logistics and distribution, and Mitsui & Co Ltd ("Mitsui"). Mitsui developed Japan Logistics Fund Inc, the first listed REIT in Japan dedicated to investing in distribution facilities. 60 percent of the issued share capital of the Manager is held by CREIM, 20 percent is held by Mitsui, and the remaining 20 percent is held by CWT.

The initial portfolio of CIT will comprise 27 properties, covering an aggregate of approximately 426,725.2 sq m of lettable area, all of which are located in Singapore.

CIT's initial property portfolio has tenants in the following trade sectors:

  • Logistics and Warehousing
  • Light Industrial
  • Industrial
  • Industrial and Warehousing
  • Self Storage and Warehousing
  • Car Showroom and Workshop






































Historical Price Data
 Date Open High Low Close
Volume  
12 Apr 2007 0.855 0.855 0.830 0.830
7,756,000
11 Apr 2007 0.865 0.870 0.855 0.860
5,865,000
10 Apr 2007 0.850 0.865 0.845 0.860
5,677,000
09 Apr 2007
0.845
0.845
0.835
0.845
2,727,000
05 Apr 2007 0.860 0.860 0.835 0.835
1,156,000

Fundamentals
Historial EPS ($) a
  0.02115
Rolling EPS ($) e
  0.02115
NAV ($) b
  0.6732
Historical PE
  39.243
Rolling PE f
  39.243
Price / NAV b
  1.233
Dividend ($) d
  0.024280
52 Weeks High
  0.945
Par Value ($)
  n.a.
Dividend Yield (%) d
  2.925
52 Weeks Low
  0.610
Market Cap (M)
  425.785
Issued & Paid-up Units c
  512,994,000
 
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 02/04/2007. 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
09 April 2007 Announcement Date For Release Of CIT's Unaudited Results For The 1st Quarter Ended 31 March 2007 And Annual General Meeting
05 April 2007 Signing Of Memorandum Of Understanding Agreement By Cambridge Industrial Trust To Acquire 120 Pioneer Road Singapore 639597
04 April 2007 Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest
04 April 2007 Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest
23 March 2007 Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest



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