23 April 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
FHTK
1,077,943
Yangzijiang
627,972
Gen Int
621,743
Yongnam
485,660
BBR
448,577
Weekly movement as at 20 April 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
OmegaNav 50
25.600
+2.400
CMB RB eCW070628
2.570
+1.550
CMB RB eCW070710
3.220
+1.330
Venture
15.400
+0.800
GuocoLand
5.000
+0.800
Weekly movement as at 20 April 2007

 
HEADLINES FOR THE WEEK
A-Reit: Sees industrial property portfolio values hit the $148.9m
mark with an almost 5 percent increase
SNP Corporation: Announces 77 percent fall in net profits for
Q1 at $2.3m
UTAC: Share prices took a 4.2 percent dive to 91 cents in light
of UBS AG's neutral rating of the company
C20 Holdings: Have plans to acquire Green Aces Development
Pte Ltd for $20m
Rotary Engg: Clinches first project in Saudi Arabia for US$7.4m
Datacraft: Secures Malaysian contract with Diethelm Keller
Siber-Hegner
Noble Group: Acquires additional soybean processing plant in
China for US$29m
Pine Agritech: Optimistic about increased orders from its main
distributor as well as rising demand for its soybean peptide
product in 2007
Thai Copper: Delays Singapore IPO offering in light of costly
one-month plant shutdown
Zicom: Reconsiders Middle East market for potential
expansion plans

 

Temasek Holdings: Considers acquisition of Mumbai-based First
Flight in the logistics business
Ho Bee Investments: Purchases $279m Elmira Heights at Newton
Road
CapitaLand China Trust: Reports distribution of $7.17m worth of first
quarter income to unit-holders
GuocoLand: Sees net profits fall 41 percent at $34.4m in third quarter
in light of rising cost of sales from development projects in China
Sinwa:  Acquires 50 percent of Nordic International
Chuan Soon Huat Industrial Group: Indonesian subsidiary sells off two plants in Batam for US$750,000 as cost-cutting measures
Sing Lun Holdings: Given go ahead to launch two subsidiaries to
manufacture apparel for export
Swiber Holdings: Sets up branch office in Brunei to tap growing SEA
offshore shallow water oil and gas production business
Golden-Agri Resources: Proposes 325.3m share placement at
$2.4588 per share
A-Reit: To develop IT parks in Nagpur and Pune, India worth US$375m

 

HOT Off The Press

CDI Incorporates Company In UAE


Communication Design International Limited has set up a company in the United Arab Emirates.

The company, known as Communication Design International Limited Contracting LLC was incorporated in the city of Abu Dhabi with a paid-up capital of Dhs 150,000.

The company is 49 percent owned by Communication Design with the rest owned by Mr. Hamad Suhail Al Shamesi and will engage in interior decoration, general maintenance and general contracting.

The Group's principal business activities are experiential branding and design, outsource marketing services in retail, event management, environmental display and interior architecture of corporate offices and visitor centres. It provides and manages end-to-end marketing communications programmes for its clients.

Technics Clinches Contracts Worth $8.3m


Technics Oil and Gas Limited announces that its subsidiaries, Technics Offshore Engineering Pte Ltd and Norr Systems Pte Ltd, have secured contracts worth more than S$8.3 million.

The contracts are for the supply of two units of flash gas compressor packages to a major oil & gas client, and ship automation equipment for various shipyards in Asia.

The contracts are expected to be fulfilled by April 2008.

Technics Oil & Gas Limited is a specialist engineering service provider, offering a complete suite of engineering services which encompass design, engineering, procurement, fabrication, installation and commissioning of modules and equipment that are integrated to form the production, processing and storage facilities for the oil and gas industry.

Swiber Registers Branch Office In Brunei


Swiber Holdings Limited has registered a branch office in Brunei under its subsidiary, Apecs Offshore Pte Ltd.

Swiber's Brunei branch office will be a springboard for the Group to tap on business opportunities in the country and the region.
Other key objectives of Swiber's Brunei branch office will be to facilitate the Group's operations in Brunei and, in the long run, establish and strengthen business relationship with Brunei.

Swiber recently clinched its first and single largest offshore installation contract in Brunei, totaling US$146.6 million, with international oil giant, Brunei Shell Petroleum Company Sdn Bhd.

The Group is an integrated offshore Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contractor with in-house offshore marine support capabilities. Its revenue is derived from two main business activities: -

i) Offshore EPCIC offer a full suite of EPCIC services which are customised to cater to the different needs of its customers in the oil and gas industry. These services are utilised at the exploration, development, production and post-production stages in an offshore oil and gas project.

ii) Offshore marine support supports business complements of offshore EPCIC business by supplying its EPCIC customers with vessels for their offshore projects. Swiber operates a fleet of support vessels which are chartered to customers throughout their various stages in their offshore oil and gas exploration, development and production projects. Its customers include established companies engaged in the offshore exploration, development and production of oil and gas, and marine contractors engaged in the design and construction of infrastructure for such projects.

Lifebrandz Signs MOU To Buy Shanghai Companies


Lifebrandz signs a Memorandum of Understanding to acquire Shanghai-based PRC Companies Shanghai Malone's American Café Co Ltd, Shanghai La Belle Restaurant Management Co Ltd, Shanghai MBox Co Ltd; and Shanghai Meng Yu Restaurant Management Co Ltd.

This acquisition will add approximately 88,000 sq ft to LifeBrandz's entertainment real estate, bringing LifeBrandz's total entertainment space to over 240,000 sq ft (including the opening of Buddha-bar) by year-end.

The PRC Companies is owned by a group of entrepreneurs including Singaporeans Yee Fook Khong and Gerald Ho Shih Kwong

Lifebrandz Group was established in July 2001 and has been listed on the Singapore Exchange Main Board since 18 June 2004. LifeBrandz is a brand development and management Group with interests in lifestyle-related sectors, leveraging on its core competence in developing brands that it created and owns, into successful brands which meet customers' needs.

Unified Subsidiary Wins Mobile Portable Number Clearinghouse Contract


Unified Communications' Malaysian subsidiary has received a Letter of Award issued by the Malaysian Communications and Multimedia Commission to TGA for the contract to build, operate and manage the Mobile Number Portability Clearinghouse.

The term for the appointment of TGA shall be for a period of five years and may be extendable for another five years.

Unified in cooperation with Telcordia Technologies Inc, a corporation incorporated in United States of America with extensive experience in both mobile and fixed number portability solutions shall be responsible in the overall delivery, installation, implementation, maintenance and operation of the NPC project.

Unified Communications is an award-winning provider of proprietary products and customised solutions for the telecommunications industry. Its experience is built on state-of-the-art technology and a standards-based open software architectural platform in telecommunications network, mobile, messaging and voice-over internet protocol (VoIP).

 


China Petrotech Completes Seismic Survey


China Petrotech Holdings Limited's subsidiary has completed the 3-D seismic survey for a 360 sq. km. area, which forms part of the Cambodia Offshore Oil Field Block D.

Following the completion of the 3-D seismic data acquisition conducted by Petroleum Geo-Services in late December 2006, the data acquired has been sent for processing and evaluation by two independent evaluation companies, namely PGS and the Exploration and Production Research Institute of CNOOC Bohai Corporation.

According to the Petroleum Resources Assessment of Block D Offshore Cambodia (report by EPRI Bohai, the estimated total recoverable petroleum resources trapped in Block D is 226.88 MMBBL) of oil in case of being charged with oil and 14.05 BCM (P50) [equivalent to 496.2 BCF (P50)] of gas in case of being charged with natural gas. (Notes: MMBBL: million barrels of oil; BCF: billion cubic of feet of gas; BCM: billion cubic meter of gas).

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.

ASL Marine Unit Wins S$116m Of Projects


ASL Marine Holdings Ltd's shipyard subsidiary has secured ship building contracts worth a total of S$116m.

The projects involve the construction of 6 units of Anchor Handling Towing/ Supply Vessels.

Five units of AHTS are expected to be completed in 2009 and one unit AHTS is scheduled to complete in early 2010.

ASL Marine is principally engaged in shipbuilding, ship repair, shipchartering and other marine related services, catering to customers mainly from Asia Pacific, South Asia, the Middle East and Europe.

AsiaPharm Appoints Zuellig Pharma As Exclusive PRC Distributor


AsiaPharm Group Limited picks Zuellig Pharma's PRC subsidiary as exclusive distributor of their drug products.

The products to be distributed include that of all products owned by Luye, Kanghai and Sike, such as Maitongna, Lutingnuo, Nuosen, Sidinuo, CMNa, Tiandida, Tiandixin and Lipusu.

This measure was taken in order to streamline distribution measures and operate under standardized terms agreed with Zuellig.

The Group is in the business of:
(1) research, development, production and sale of pharmaceutical drugs for the fields of orthopaedics, neurology, gastroenterology and hepatology, focusing on natural drugs and chemical drugs with new formulations;
(2) distribution of products of other pharmaceutical manufacturers in China;
(3) processing and sale of active ingredients, mainly chondroitin sulphate, for the manufacture of pharmaceutical drugs;
(4) sale of R&D results and/or patents of new drugs and provision of research services on a contract basis.

China Energy Host Ground Breaking Ceremony


China Energy Limited held a ground breaking ceremony to signal the commencement of construction of of Jiutai Energy (ZhangJiaGang) Co., Ltd.

The Plant of 100,000 square metres is located at Jiangsu Yangtze River Chemical Industrial Park, Zhangjiagang, Jiangsu Province, PRC.

The plant is expected to be completed by the end of 2007.

China Energy Limited together with its sole subsidiary, Jiutai Energy Technology Co Ltd, produces Dimethyl Ether ("DME"), which the Company sells to fuel distributors, chemical producers and traders in various regions in China. The Group also produces methyl alcohol ("Methanol") which is used for some of its internal Methanol production as a feedstock for its DME production and sell Methanol to third party chemical companies. Most of its DME is currently sold to Liquefied Petroleum Gas ("LPG") distributors, who blend it with LPG to reduce their average costs, and such fuel blend is then sold to end-consumers for household and industrial uses. DME is used as an aerosol propellant and as an economical blendstock for liquefied petroleum gas ("LPG").

A-Reit Renews And Leases 60,794 Square Metres Of Space In 4Q FY06/07


Ascendas Real Estate Investment Trust has renewed and signed new leases (including expansions) amounting to a total net lettable area of 60,794 square metres for the three months ended 31 March 2007. These leases represent 8.8% of the net lettable area of its multi-tenanted buildings and an annualised rental income of S$12.4 million for A-REIT.

Total new leases (including expansions) for the Period were 9,866 square metres, of which 19.7% was in Business and Science Parks, and 25.4% was in Hi-Tech Industrial properties. The remaining 54.9% was in the other two asset classes - Light Industrial & Flatted Factories and Logistics & Distribution centres.

A-REIT's portfolio comprises 51.4% multi-tenanted buildings and 48.6% sale-and-leaseback properties based on portfolio value.

The average gross rent for the expansions, new leases and renewals in this Period for Business and Science Parks was $24.03 per square metres per month; $22.30 per square metres per month for Hi-Tech Industrial properties; $14.89 per square metres per month for Light Industrial & Flatted Factories; and $12.96 per square metres per month for Logistics & Distribution centres.

A-REIT is the first business space and industrial REIT listed on the Singapore Exchange Securities Trading Limited. Started out with 8 properties and total assets size of $607 million at its listing in November 2002, A-REIT has increased its properties to 59 and total assets size to $2.7 billion as at 31 December 2005. As at 31 March 2006, A-REIT's portfolio had 64 properties and total assets stood at $2.8 billion with an overall occupancy rate of 95 percent. A-REIT owns a portfolio of properties in Singapore comprising :

• Business & Science Parks - Suburban office, R&D space, business HQ buildings
• Hi-Tech Industrial - High office content combined with high specifications industrial space
• Light Industrial - Low office content combined with manufacturing space
• Logistics & Distribution Centres - Warehousing and distribution centres

 

CEO's Walk The Talk

"..Our ability to continuously attract and retain talented individuals is premised on the value of meritocracy, which was established by our founders Mr. Yap Lem, Mr. Low Kok Hua, and the late Mr. Chan Chin Wah. By keeping to these values, we are confident that we will be able to continuously attract and retain talented people who share in our vision of creating a living company..."
Lim Yong Wah, Chairman
Inter-Roller Engineering Limited



Highlighted Company


The Company was incorporated on 4 July 1995.

Olam is a leading global integrated supply chain manager of agricultural products and food ingredients.

It sources 14 products directly from over 35 origin countries. Its products include:

  • Edible nuts, spices and beans
  • Confectionery and beverage ingredients
  • Food staples and packaged foods
  • Fibre and wood products

It supplies its products to over 3,000 customers in more than 50 destination markets worldwide. Its customers include leading multinational corporations which own internationally recognised brands such as Cadbury, Kraft, Lavazza, Mars, and Nestle.






































Historical Price Data
 Date Open High Low Close
Volume  
20 Apr 2007 3.440 3.480 3.420 3.480
1,347,000
19 Apr 2007 3.380 3.480 3.280 3.420
2,396,000
18 Apr 2007 3.500 3.500 3.440 3.480
1,929,000
17 Apr 2007
3.560
3.600
3.420
3.460
2,537,000
16 Apr 2007 3.500 3.500 3.460 3.500
2,679,000

Fundamentals
Historial EPS ($) a
  0.05611
Rolling EPS ($) e
  0.06095
NAV ($) b
  0.3042
Historical PE
  62.021
Rolling PE f
  57.096
Price / NAV b
  11.440
Dividend ($) d
  0.015000
52 Weeks High
  3.600
Par Value ($)
  n.a.
Dividend Yield (%) d
  0.431
52 Weeks Low
  1.180
Market Cap (M)
  5409.952
Issued & Paid-up Units c
  1,554,584,000
 
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 14/02/2007. 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
17 April 2007 Acquisition Of Shares
29 Mar 2007 Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
27 Mar 2007 Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest
26 Mar 2007 Notice Of Cessation Of Substantial Shareholding
21 March 2007 Incorporation Of Subsidiaries



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