05 November 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
Chasen
587,193

Digiland

560,648

Yangzijiang

290,226

Memstar

250,917

EI-Nets

212,477
Weekly movement as at 02 Novemeber 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
Shang Asia 2kHK$
26.400
+2.400
Jardine C&C
21.900
+2.200
GLD 10US$
78.200
+1.400
JMH 400US$
30.500
+1.200
HSI23400MBLeCW071129
3.100
+1.150
Weekly movement as at 02 November 2007

 
HEADLINES FOR THE WEEK
Ossia International: Sells 800,000 shares of Ossia Marketing (HK) and 800,000 shares of Ossia International, for a total of HK$480 million
SembCorp Marine: Takes Indian shipyard for $29 million
Saizen Reit: Looks to raise $197 million in IPO proceeds
Keppel Singmarine: Completes and hands over  Anchor Handling Tug/Supply vessel to Gulfmark Offshore Inc
SilkAir: Initiates Singapore to Nepal flights for Tuesday, Thursday and Saturday each week
SIA Cargo: Launches weekly B747-400 freighter service to Hanoi
Keppel Offshore: US subsidiary Keppel AmFels secures US$780 million projects to build four jackup rigs for Rowan Companies
Federal International (2000) Ltd: Nets $15.8 million from divestment of US subsidiary HP&T Products Inc
Far East Organisation: Sinks $8 million to launch Novena Surgery clinic

 

Marco Polo: Expects to raise $13.2 million in IPO proceeds
Dubai Drydocks World LLC: Proposes $2.4 billion acquisition bid for Labroy Marine Ltd
China EnerSave: Subsidiary inks JV agreement with Chengdu Chong Guang Electricity Power for biomass-to-energy conversion facility
Koon Holdings Ltd: And foreign partners take container port project from PSA for $1.92 billion
Keppel: Consortium FSTP Pte Ltd clinches US$1.2 billion semi-submersible floating production unit for Petrobras Netherlands BV
3i: Looks to hasten listing of Franklin Offshore on SGX due to strong book orders
Grand Team Technologies: To make offer of 27 million preference shares though OTC Capital for 7.5 cents each
ARA Asset Management: Sees IPO 38.7 times subscribed
Bravo Building Construction group: Enters $162.8 million acquisition deal for Makeway View  in Newton

 

HOT Off The Press

Cheung Woh Signs Deal With Chery Automobile Corporation Ltd


Cheung Woh Technologies Ltd announced that subsidiary Tysan Precision Engineering (Suzhou) Co. Ltd has entered into an agreement to develop automobile mechanical modules with Chery Automobile Corporation Ltd.

Tysan Precision believes that it is currently the only supplier selected by Chery to conduct the development of components for seat tracks and seat recliners to Chery. The company believes that Tysan Precision will eventually become a first-tier supplier of seat tracks and seat recliners with the approval of the relevant tests and successful small production run in the car assembly line.

With this Tysan Precision believes that it will be awarded a purchase contract by Chery to supply seat tracks and seat recliners directly to the car seat assembly lines.

Listed on the Singapore Exchange since December 2002, Cheung Woh has fully integrated manufacturing facilities in Zhuhai, PRC, plus operations in Malaysia and Singapore, to serve growing markets in those countries and across the world. We also have a technologically-advanced in-house precision tool and die making capability. Our principal HDD products are voice coil motor (VCM) plates, disk clamps, air combs and weight base, and we are one of the world's leading specialist manufacturers of VCM plates. Our precision metal stamping services include sheet metal and computer numerical controlled CNC) machined components and sub-assembly. In Jiangsu Province, PRC, our joint venture, Tysan Precision Engineering (Suzhou) Co., Ltd, is engaged in the development, manufacture and sale of seat recliners, seat track adjusters and other precision automotive components.

Sun East Subsidiary NUXD Seals Exclusive Distribution Agreement With Barton Brands


Sun East Group Limited announced that its subsidiary NuXD International Limited (NuXD) has signed an exclusive distributorship agreement with Planet 10 Spirits LLC, a subsidiary of Barton Brands Ltd (Barton Brands) in the United States, to distribute Barton Brands’ EFFEN Vodka products in Taiwan. A major producer and importer of alcoholic beverages based in Chicago, Barton Brands is the United States’ third-largest distilled spirits company and the seventh-largest spirits company in the world. NUXD’s exclusive distributorship agreement with Barton for EFFEN Vodka in Taiwan is for an initial period of three years beginning December 2007, renewable thereafter.

EFFEN Vodka is a luxury vodka brand distilled and bottled in Holland. Introduced in 2003 and based on a centuries-old Dutch recipe, EFFEN Vodka has since been favoured by bartenders and vodka aficionado. EFFEN Vodka is imported and distributed by Planet 10 Spirits LLC, which is a subsidiary of Barton Brands, as well as its luxury brand incubator. EFFEN Vodka is the latest addition to NuXD’s alcoholic beverage portfolio, which presently includes Cruiser, Coors Light, X-Rated, Absinth, Jose Cuervo and KGB.

In Taiwan, NuXD’s distribution network covers over 10,000 modern trade outlets (hypermarkets, supermarkets and convenient stores) and over 1,500 entertainments outlets (pubs and bars) in all major cities. In China, NuXD’s coverage extends across 12 major cities in the PRC, including Shanghai, Dongguan, Guangzhou, Zhuhai, Nanning, Fuzhou, Xiamen, Nanjing and Wenzhou as well as Hong Kong.

Sun East is a consumer brand development and management group in the PRC. The Group develops, manufactures and distributes a wide range of beauty, skincare and hygiene products which are sold under its own brands in the PRC and Hong Kong. The Group’s brand portfolio includes “3-Yuan” for beauty products, “Sha Lang Xue Fu” and Miellé for skin care products and “Shao Bing” for hygiene products. In February 2007, the Group added Cruiser ready-mixed vodka drinks and Coors Light beer to its brand portfolio with the acquisition of its 51% subsidiary NuXD International Limited (NuXD). NuXD holds the exclusive distribution rights for Cruiser drinks in Taiwan, Hong Kong and the PRC and for Coors Light beer in Taiwan. Its other alcoholic beverage brands include X-Rated, Absinth, Jose Cuervo and KGB. Leveraging on its extensive distribution network, Sun East sells its products directly to retail outlets in Beijing and via distributors in major cities such as Shanghai, Chongqing and Tianjin as well as in more than 15 provinces in the PRC.

Incorporation Of SB (Westcove) Investment Pte. Ltd.


The Board of Directors of Soilbuild Group Holdings Ltd (the Company) wishes to inform that it has acquired 100% of the equity shares, comprising one ordinary share in the capital of SB (Westcove) Investment Pte. Ltd. (SB Westcove), a newly incorporated company in Singapore.

The paid up capital of SB (Westcove) is S$1 and its principal activity is that of property development, investment holding and the management of commercial properties.

The investment in SB (Westcove) is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company for the current financial year ending 31 December 2007.

Soilbuild is an innovative property developer with a development portfolio of mid to high-end residential properties and business space properties for Multi-national Corporations and Small and Medium Enterprises. With an established track record of more than 30 years, the Group was listed on the Singapore Exchange in January 2005 and has successfully acquired and developed a range of residential properties mainly in prime urban districts. 

Meghmani To Set Up S$186.5 Million Caustic Chlorine Complex In Dahej Under SPV Meghmani Finechem Ltd


Meghmani Organics Limited (Meghmani or MOL or the Group), an India‐based global manufacturer of Pigments and Agrochemicals, today unveiled its plans to set up a Caustic Chlorine Complex (CCP) in Dahej under a special purpose vehicle (SPV), Meghmani Finechem Ltd (MFL). The large‐scale, integrated complex, when completed, will be used for the production of Caustic Soda Lye/Flakes, Chlorine Gas and Hydrogen Gas in the first phase. MFL plans to set up downstream/derivative projects based on caustic/chlorine in the subsequent phases.

The estimated cost of the proposed CCP project is approximately Rs 503.16 crores (S$186.47 million) through a proposed funding comprising Rs 344.18 crores (S$ 127.55 million] by Debt and Rs 158.98 crores (S$ 58.92 million) by Equity/Quasi equity. The equity/Quasi equity contribution will be partly made by MOL/promoters and partly by the Private equity/strategic investors. [Conversion rate INR 26.98401 = 1 SGD] The proposed complex will utilize latest 4th generation Membrane Cell Technology from Asahi Kasei Chemicals Corporation (“AKCC”) Japan, one of the most established technology providers for the manufacture of Chlor‐alkali chemicals in the world. Meghmani’s move to establish the CCP stems from a number of reasons. For a start, the project presents a sound opportunity for the Group to achieve inorganic growth in a diversified yet Meghmani to set up Caustic Chlorine Complex to drive long‐term sustainable growth chemistry‐related business with positive growth potential. With its established track record and R&D capabilities gleaned from its years in the Pigments and Agrochemicals industries, the Group is able to leverage on an excellent infrastructure for MFL such as its integrated manufacturing facilities, R&D laboratories and skilled work force.

The commercial production of the first phase is targeted to commence by December 2008 / January 2009. Phase 2 will comprise the production of derivative products with higher value add.

Established in Gujarat (India) in 1986, Meghmani is a manufacturer of Pigments and Agrochemicals. The Company specializes in the manufacture of green and blue pigment products that span multiple applications such as printing inks, plastics, paints, textiles, leather and rubber. Its pigment customers comprise mainly MNCs who are leading players in their respective industries. Meghmani also produces a broad spectrum of commonly used pesticides for crop and non‐crop applications such as public health, insect control in wood preservation and food grain storage. The Company counts amongst its customers leading pesticide manufacturers from North America, Europe, Latin America and Asia.

COSCO Clinches Shipbuilding Contracts Totaling US$1.34b


COSCO Corporation (Singapore) Limited announced that its 51%-owned COSCO Shipyard Group (CSG) had secured shipbuilding contracts valued at US$1.34 billion (approximately S$2.0 billion) to build 29 bulk carriers from several foreign ship-owners.

The 29 bulk carriers will be built at COSCO Dalian Shipyard and COSCO Guangzhou Shipyard, and are slated for delivery between October 2009 and December 2011.

The contracts are not expected to have a significant impact on the net tangible assets (NTA) and earnings per share (EPS) of the Company for the year ending 31st December 2007.

Listed on the main board of the Singapore Exchange, COSCO Corporation is a diversified group with core activities in shipping and shipping related services. The Group owns bulk carriers and majority stake in the largest shipyard group in China, operates shipping agencies as well as provides marine engineering and ship repair services. COSCO Corporation is the listed subsidiary of China Ocean Shipping (Group) Company, the largest shipping group in China.

Incorporation Of SB (Eastwin) Investment Pte. Ltd.


Soilbuild Group Holdings Ltd has acquired 100% of the equity shares, comprising one ordinary share in the capital of SB (Eastwin) Investment Pte. Ltd. SB (Eastwin), a newly incorporated company in Singapore.

The paid up capital of SB (Eastwin) is S$1 and its principal activity is that of property development, investment holding and the management of commercial properties.

The investment in SB (Eastwin) is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company for the current financial year ending 31 December 2007.

Soilbuild is an innovative property developer with a development portfolio of mid to high-end residential properties and business space properties for Multi-national Corporations and Small and Medium Enterprises. With an established track record of more than 30 years, the Group was listed on the Singapore Exchange in January 2005 and has successfully acquired and developed a range of residential properties mainly in prime urban districts.

Celestial To Expand Product Range


Celestial NutriFoods Limited (Celestial) announced its plans to further expand its retail product range to include two new health food and snack products - high protein nutrient noodles (HPNN) and high protein nutrient pastries (HPNP). To be launched in the quarter ending December 31, 2008 (4QFY2008), both products will be sold and marketed under Celestial’s existing “Sun Moon Star” brand and distribution network.

To cater to the manufacturing of the new products, the Group will invest approximately RMB245.3 million in the new production facilities to be built on the existing Soybean Zone in Daqing City, Heilongjiang Province. Construction works for these production facilities will commence shortly and commercial production is expected to begin in 4QFY2008. HPNN and HPNP will have an annual production capacity of 10,000 tonnes and 5,000 tonnes respectively. The total capital expenditure for this expansion of about RMB245.3 million – which includes approximately RMB125.0 million for machinery and equipment, RMB74.3 million for buildings and structures, and RMB46.0 million for supporting facilities and other construction costs - will be funded by internal resources, mainly deriving from the proceeds of the issue of convertible bonds in 2006.

The launch of HPNN and HPNP is part of the Group’s long standing philosophy of focusing on its core competence and experience in soybean processing, to continuously introduce new and innovative products to the market to capitalise on its strong “Sun Moon Star” brand and its extensive distribution network in the PRC. In May this year, the Group announced the introduction of two new high value-added products under its health food and beverages segment, namely high protein nutrient beverages and high protein nutrient powders.

Celestial NutriFoods Limited is a leading manufacturer of soy protein-based food and beverage products with ISO9002 and NQA-certified manufacturing facilities and an annual production capacity of 213,500 tonnes. Its proprietary technology enables the Group to produce soybean powders that is highly soluble with protein concentration that is 20% higher than those found in natural soybean or soybean milk powder. The Group offers both retail and industrial products and sells all its products under the “Sun Moon Star” brand name. Retail products include health food & beverages, lecithin and soybean oil. Health food & beverages, the key product segment, are widely available in 29 provinces in the PRC, covering more than 150 cities and 15,000 supermarkets. Industrial products manufactured by the Group include soy protein isolate, soybean oil, biochemical feedstuff, lecithin and soy functional protein.

Lorenzo International Commences Retail Operations In Australia


Lorenzo International Limited (Lorenzo or the Group) has officially launched their first self-owned store in Melbourne, Australia.

Situated in the prime furniture retail strip of Richmond, inner city Melbourne, the new store measuring 536 square metres introduces a new collection of lifestyle furniture designed with an ethnic influence – QIAO.

With a history dating back to 1983, the Group is today, an integrated lifestyle furniture group involved in the design, manufacture, assembly, wholesale and retail of conceptualized lifestyle furniture. Most of the Group’s products are sold under its “LORENZO” brand and categorized into two collections, Dante - the classic leather collection, and ENZO - the wood-based collection. These products are sold through 34 wholly-owned stores and 26 LRS stores in six countries. Apart from retailing its own products, the Group exports its “LORENZO” branded products to more than 50 countries around the world. Its products are supplied by its manufacturing facilities – two leather sofa manufacturing facilities in Malaysia and Kunshan, PRC, and a wood-based furniture manufacturing facility in Kunshan, PRC. The Group also acts as an original design manufacturer to design and manufacture leather sofas under its customers’ own brands, and as an original equipment manufacturer to manufacture furniture based on customers’ designs.

JPMorgan And Chemoil Sign Memorandum Of Understanding


JPMorgan and Chemoil Energy Limited (Chemoil) announced the creation of a strategic alliance relating to the joint development of business opportunities across their global platforms. The relationship contemplates ways of working together to cross market products to clients, by using JPMorgan's leadership in the international commodities derivatives markets and Chemoil's strength in the marketing of physical energy products.

JPMorgan has developed a leading international derivatives platform, offering clients a range of capabilities including exotic derivatives, credit intensive structures, long dated physical supply deals and integrated financing capabilities. The firm's strong balance sheet has supported its growth and the talks with Chemoil are part of a global expansion strategy. Chemoil's strength across international markets in physical products features global bunkering; US clean products, such as LAX jet supply and West Coast unleaded and diesel, a highly successful trading platform, existing and developing storage assets and access to tankers and barges.

As one of the marine fuel industry’s leading physical suppliers, Chemoil delivers energy through controlling all key stages of the marine fuel supply chain, providing exceptional value to its customers and maximising profitability by converting expenses to assets - acquiring, developing and controlling physical infrastructure within the supply chain. It has integrated operations in Los Angeles, New York, Houston, Singapore, Panama and the ARA region (Antwerp, Rotterdam and Amsterdam). Established in 1981, Chemoil continually challenges industry practices and provides leadership through its progressive and innovative approach to delivering energy. With the largest share of the marine fuels market in Los Angeles, Chemoil is committed to finding innovative means to delivering energy, and has been at the forefront of supplying cleaner fuels to meet customer demands in light of changing legislation to protect the environment. Chemoil was listed on the Main Board of Singapore Exchange Securities Trading Limited (SGX-ST) on December 14, 2006 and in the same year delivered over 13 million tons of fuel.

Gems TV Increases UK Penetration Rate


Gems TV Holdings Limited (Gems TV), announced that it has signed a contract with Channel 4 to broadcast three hours a day, seven days a week on Freeview, the leading UK free-to-air digital terrestrial television operator, beginning November this year.

This latest agreement will allow Gems TV to further expand its potential customer base. Freeview broadcasts only free-to-air television channels, radio stations and interactive services, offering users inexpensive access to the benefits of digital TV.

According to the Ofcom Digital Progress Report on the UK communications market dated 20 June 2007, Freeview’s digital TV user base stands at over 8.3 million homes at the end of March, 2007. Gems TV’s programs will be seen from 9:45 am to 12:45 pm, which represents a valuable time slot for home shopping, and will share the same position on Freeview set top boxes as Channel 4, known for its high quality and diverse programming. Gems TV Holdings Limited (“Gems TV”) specializes in manufacturing genuine colored gemstone jewelry in exclusive handcrafted designs which are sold directly to customers through a "reverse auction'' system via television home shopping and the Internet. Gems TV eliminates the need for multiple intermediaries by vertically integrating the traditional gemstone and jewelry supply chain. Gems TV is the United Kingdom's leading dedicated television home shopping retailer of colored gemstone jewelry where it owns and operates two dedicated jewelry home shopping TV channels which broadcast live to more than 11 million subscribers 18 hours per day. In November 2006, Gems TV extended its TV shopping programs into the United States where it now broadcasts live 20 hours a day to approximately 45 million subscribers. Gems TV started operations in Germany in October 2006 through a partnership with Gems TV Deutschland, a German television production company. Gems TV have an option to acquire 40% of the German entity, which has a subscriber base of approximately 6 million. In addition, Gems TV sells its products on the Internet through www.gemstv.com, www.gemstv.co.uk and www.thaigem.com, as well as on third-party websites such as eBay. Gems TV own and operates three fully integrated production facilities in Thailand.

 


Asian Micro Thai Unit SO NGV Plans To Expand Further In 2008


The demand for natural gas vehicles (NGVs) in Thailand is expected to rise in response to rising oil prices, and in anticipation some fuel refiners have already started to up their production output to cope with the coming demand. Led by Metta Banturngsuk, director-general of the Energy Business Department, Thai government Energy Ministry officials on Sunday inspected a large automobile garage and service centre in this eastern resort which also offers a specialised service for installing NGV engines.

The company now has only 4 NGV installation branches, but plans to set up 6 more in Thailand's northeastern and southern regions. Investment at each branch will require about 25 million Baht. On the other hand, the ministry has drawn up a plan to encourage all taxi drivers to switch to using NGVs within two years from the liquefied petroleum gas they are using now. Mr. Metta said his department planned to boost the number of skilled mechanics to install NGV machines by another 400 persons next year. It has now provided training to 480 persons. Also, the department has joined with government-related PTT and the Land Transport Department to issue a standard of quality certificate to entrepreneurs offering the installation and servicing of NGV equipment and parts.

At present, there are 21 such services and the number will be increased to 50 next year, Mr. Metta said.

Asian Micro Holdings Limited (listed in the SGX-SESDAQ in September 1999) provides recycling and precision cleaning of packaging trays and media/disk cassettes used in the hard disk drive and semiconductor industries in Singapore, China and Thailand. Asian Micro recently invested in Natural Gas Vehicle (NGV) conversion business and is now focused towards setting up a chain of network of NGV conversion centres. Though started only in July 2007, the Company has now set up a total of 6 NGV conversion centres in Thailand, Malaysia and Singapore. The Company also imports/exports NGV conversion kits, Compressed Natural Gas (CNG) engines, CNG cylinders, and CNG vehicles to expedite its growth and revenue. Currently specializing and promoting Dual Diesel Fuel (DDF) conversion for heavy duty diesel trucks, buses and prime movers to run on 50% diesel and 50% natural gas, it has become the alternate key business of the Company. Asian Micro intends to grow itself into an energy company entering the oil and gas sector by specializing in alternative and renewable fuels, mainly in Natural Gas.

DMX Sets Up New Media Content Group And Invests In CNTI


DMX Technologies Group Limited (DMX), a leading information technology enabler that provides a wide range of digital media software and solution, network infrastructure solution and services to service providers and corporate customers across Asia, today announced a strategic move into consumer media with the creation of its New Media Content Group focusing on the China market.

The new division is in line with DMX’s strategic move to get closer to the end consumers and extend DMX’s participation in the digital TV and media space. The division will leverage on the extensive client base of DMX in China; especially in the provisioning of digital and interactive TV services.

The first strategic move is an investment in Beijing CNTI Media Holding Co. Ltd (CNTI), a company that holds a long-term technical service contract with China Teleformation Culture Media Co. Ltd (CTCM). CTCM is a Mobile TV operator with legal rights to deliver Mobile TV services on the mobile network. This credential is one of only 6 awarded licenses, also allows CTCM to deliver services to any mandated Chinese network. Under this deal, DMX will invest US$5 million for 10% equity stake in CNTI. DMX will have a member on the board of CNTI, who will work closely with CNTI in developing business opportunities in Mobile TV and enhance the shareholder value of CNTI. This relationship will also allow DMX the opportunity to develop products and service in the areas including content production, and Mobile advertising.

The first strategic move is an investment in Beijing CNTI Media Holding Co. Ltd (CNTI), a company that holds a long-term technical service contract with China Teleformation Culture Media Co. Ltd (CTCM). CTCM is a Mobile TV operator with legal rights to deliver Mobile TV services on the mobile network. This credential is one of only 6 awarded licenses, also allows CTCM to deliver services to any mandated Chinese network. Under this deal, DMX will invest US$5 million for 10% equity stake in CNTI. DMX will have a member on the board of CNTI, who will work closely with CNTI in developing business opportunities in Mobile TV and enhance the shareholder value of CNTI. This relationship will also allow DMX the opportunity to develop products and service in the areas including content production, and Mobile advertising.

KSH Incorporates Subsidiary


KSH Holdings Limited wishes to announce that its wholly-owned subsidiary, Kim Seng Heng Engineering Construction (Pte) Ltd has incorporated a wholly-owned subsidiary, “KSH Property Development Pte. Ltd.” (KSHPD) in Singapore pursuant to Rule 704(15)(c) of the Listing Manual.

KSHPD has an initial paid-up capital of S$1.00. The principal activities of KSHPD are that of property development.

Mr Lim Kee Seng and Mr Kwok Ngat Khow have been nominated as directors of KSHPD.

We are a well established construction, property development and property management group with operations in Singapore, Malaysia and the PRC.

Our Group's principal activities are as follows:- (a) construction in Singapore and Malaysia; and
(b) property development and property management in the PRC.

Our clients typically include property developers, land owners and governmental bodies.

We are registered with the Building and Construction Authority ("BCA") with a BCA grading of A1 under the category CW01 for general building. Such A1 grading is currently the highest grade for contractors’ registration in such category and enables us to tender for public sector construction projects of unlimited value. 

Seksun Incorporates Subsidiary


Seksun Investments Pte Ltd (?Seksun Investments?), a wholly owned subsidiary of the Company, has incorporated a wholly owned subsidiary Seksun International Pte. Ltd., a private limited company with an initial issued capital of SGD2.00. On 18 October 2007, the Board of Directors announced that the Company has entered into a conditional shares sale and purchase agreement (the Shares Sale Agreement) with Supernova (Cayman) Limited, a third party buyer being a private company incorporated under the laws of the Cayman Islands (the ?Purchaser?), for the sale by the Company, and the purchase by the Purchaser of, substantially the whole of the Company’s assets and business undertakings (the Transaction)

It was also stated that for the purposes of facilitating the closing of the transactions contemplated in the Shares Sale Agreement, the Company will be carrying out an internal group restructuring exercise pursuant to an agreed restructuring plan (the Restructuring Plan). Pursuant to the Restructuring Plan, the Company is to procure that a company incorporated in Singapore or to be incorporated in the Cayman Islands by Seksun Investments and wholly owned by Seksun Investments (OpCo) shall enter into an internal business sale agreement with the Company (the Internal Business Sale Agreement), pursuant to which the Company shall sell, and OpCo shall buy, the whole of the business carried on by the Company as a going concern and substantially all of its assets and liabilities (including all of the Company's rights arising under contracts relating to the business, intellectual property and goodwill but excluding all the shares held directly, or indirectly by the Company in its group of companies).

It has now been agreed that the OpCo that will enter into the Internal Business Sale Agreement with the Company shall be Seksun International Pte. Ltd. The incorporation of Seksun International Pte. Ltd. is not expected to have a material impact on the net earnings per share and net tangible assets per share of the Company for the current financial year ending 31 December 2007.

Seksun Corporation Limited, incorporated in 1981, has emerged as one of Singapore's leading precision engineering specialists, with its own clean room assembly operations. Seksun was listed on the Singapore Exchange's SESDAQ in October 1994, and on the Main Board in April 1999. It is principally engaged in the manufacture of metal components and contract manufacturing for the Computer Peripherals, Telecommunication Equipment and Industrial and Consumer Electronics industries. Seksun offers customers a complete range of services, required by electronics companies, from the early stage of design to final delivery. It specialises in the following areas: metal stamping, tooling design and fabrication, electronics manufacturing services and cleanroom assembly. Seksun's brand name in the manufacture of metal components and metal stamping over the last two decades has won the company regional recognition as well as a stable of multinational customers.

Chemoil Europe BV And FTS/Hofftrans Joins Forces To Expand Market Presence In The ARA Region


Chemoil has acquired 49% of existing shares in Burando Holding BV, a leading provider of maritime logistics services in the Antwerp-Rotterdam-Amsterdam (ARA) region. The acquisition is valued at €12Million after taking into account the net tangible asset value of Burando, which includes a portfolio of subsidiary companies such as FTS/Hofftrans, one of the leading and most innovative carriers of marine fuel and related products in the ARA region.

The alliance will significantly strengthen Chemoil’s foothold within barging and storage terminal operations in Europe, develop Chemoil’s asset infrastructure and enhance efficiencies for the benefit of both customers and shareholders. This aligns with Chemoil’s global expansion strategy, which is focused on increasing its presence throughout key stages of the marine fuel supply chain.

Burando’s subsidiary operations also own a number of beneficial physical assets including shared ownership (50/50) of a 70,000 cubic meter tank storage capacity at the Service Terminal Rotterdam (STR) with Russian-based company Lukoil. There is potential to increase this by an additional 125,000 cubic metres by 2009, pending regulatory approval. This reflects Chemoil’s existing long-term investments in terminal operations at other key locations in the US (Los Angeles), Singapore and Fujairah.

As one of the marine fuel industry’s leading physical suppliers, Chemoil delivers energy through controlling all key stages of the marine fuel supply chain, providing exceptional value to its customers and maximising profitability by converting expenses to assets - acquiring, developing and controlling physical infrastructure within the supply chain. It has integrated operations in Los Angeles, New York, Houston, Singapore, Panama and the ARA region (Antwerp, Rotterdam and Amsterdam). Established in 1981, Chemoil continually challenges industry practices and provides leadership through its progressive and innovative approach to delivering energy. With the largest share of the marine fuels market in Los Angeles, Chemoil is committed to finding innovative means to delivering energy, and has been at the forefront of supplying cleaner fuels to meet customer demands in light of changing legislation to protect the environment. Chemoil was listed on the Main Board of Singapore Exchange Securities Trading Limited (SGX-ST) on December 14, 2006 and in the same year delivered over 13 million tons of fuel.

Agva Acquires Retail Business Division Of Market Makers Accessories Australia Pty. Ltd


AGVA Corporation Ltd, and with its subsidiaries announce that Market Makers Accessories Australia Pty. Ltd. (MMAA), of which 100% of equity interest of MMAA is owned by AGVA Singapore Pte. Ltd. (ASPL), a wholly-owned subsidiary of the Company, making the Company the ultimate holding company of MMAA, has entered into a Sale and Purchase Agreement (SPA) with Marketmakers Accessories Pty Ltd (MMA) on 31 October 2007 to acquire the Retail business division of MMA on a going concern basis (Acquisition). The total cash consideration of the Acquisition was A$1 million (Consideration).

The Company recognizes the value of the commercial relationship and the Acquisition is expected to enable it to expand its existing markets in Australia and New Zealand, as well as further develop and market its own brand in this region whilst leveraging the distribution and business relationships of the Retail division with the leading consumer electronic retailers across Australia and New Zealand. The synergistic benefits arising out of the Acquisition is expected to generate additional revenue.

The Consideration was paid in cash by a newly incorporated Australian company, Market Makers Accessories Australia Pty Ltd (MMAA) of which 100% of equity interest of MMAA is owned by AGVA Singapore Pte Ltd (ASPL). ASPL funds the acquisition through internal resources. ASPL is a wholly owned subsidiary of the Company.

AGVA Corporation Limited is a leading global manufacturer of specialty multi-purpose and media storage products. Established in Singapore in 1983, AGVA quickly gained strength with our ODM capabilities and strong product development team, and was listed on the Singapore Exchange in July 2003. Above and beyond our reputation in the market as a first choice one-stop solution provider to global retailers, OEM, ODM and corporate customers, our in-house brand, "AGVA" enjoys good support in countries such as Singapore, Malaysia, Russia, Japan, India and the Philippines. Supported by a strong marketing and distribution network, AGVA currently supplies over one million products to our customers in more than 45 countries.

Asian Micro Inks MOU On Potential Small Scale LNG Plants And LNG Truck Conversion


Asian Micro Holdings Ltd (AMH or the Company) has signed a MOU on 25th October, 2007, with Sombat Lohkittivanich (SOMBAT) in Thailand to co-operate on the field of potential small scale Liquid Natural Gas (LNG) plant construction for liquefaction of natural gas or methane to LNG and on the design of LNG tanks for the company’s conversion of diesel vehicles using LNG. Sombat has more than 10 years experience in the field of building cryogenic tanks including construction of LNG trailers and transportation systems, liquefaction technologies, and construction of small LNG systems with capacities of up to 100 ton/day. Mr Sombat owns several LNG plants and LNG related fabrication companies, namely, Cryotech Co., Ltd and Cryothai Co., Ltd., in Thailand. LNG is simply natural gas in its liquid form. Natural gas is converted to LNG by cooling it to - 260° F (or about -163° C), at which point it becomes a liquid. This process reduces its volume by a factor of more than 600 times– similar to reducing the volume of a beach ball to the volume of a ping-pong ball. This allows natural gas to be transported efficiently. It is stored as a liquid until it is warmed to convert it back to natural gas. LNG can be used in Natural Gas Vehicles (NGVs). LNG is an odourless, non-toxic and non-corrosive liquid, and if spilled, LNG would not result in a slick. In the absence of an ignition source, LNG evaporates quickly and disperses, leaving no residue. There is no environmental cleanup needed for LNG spills on water. LNG reduces the trips required to transport compressed natural gas.

The prospect of producing LNG locally at small-scale plants (5,000 to 20,000 tons/day) drawing from existing natural gas lines becomes increasingly attractive. The intention is for the plant to operate in conjunction with an adjacent refueling station to supply motor fuel to buses and other LNG-powered vehicles or to supply LNG to factories where the construction of pipelines is not practical or costly. The cost of the fuel could be significantly reduced and the availability improved through production at local, small-scale, low-cost liquefaction plants which both parties are going to design, where Sombat would be the preferred supplier and if it is feasible.

AMH specializes in NGV conversion of heavy duty diesel vehicles into Dual Diesel Fuel (DDF) system whereby the vehicles use 50% diesel and 50% compressed natural gas (CNG). Using LNG to replace CNG would further encourage most owners of diesel vehicles to convert their vehicles into gas vehicles without the worry of re-filling issues. The strategic co-operation on small scale LNG would also pave the way for the supply of LNG or CNG to areas that are out of the range of natural gas pipe lines. The MOU, valid till end of December 2007, is to enable both parties to consider the co-operation level needed for small scale LNG plant exploration and the LNG conversion for vehicles shortly. Asian Micro Holdings Limited (listed in the SGX-SESDAQ in September 1999) provides recycling and precision cleaning of packaging trays and media/disk cassettes used in the hard disk drive and semiconductor industries in Singapore, China and Thailand. Asian Micro recently invested in Natural Gas Vehicle (NGV) conversion business and is now focused towards setting up a chain of network of NGV conversion centres. Though started only in July 2007, the Company has now set up a total of 6 NGV conversion centres in Thailand, Malaysia and Singapore. The Company also imports/exports NGV conversion kits, Compressed Natural Gas (CNG) engines, CNG cylinders, and CNG vehicles to expedite its growth and revenue. Currently specializing and promoting Dual Diesel Fuel (DDF) conversion for heavy duty diesel trucks, buses and prime movers to run on 50% diesel and 50% natural gas, it has become the alternate key business of the Company. Asian Micro intends to grow itself into an energy company entering the oil and gas sector by specializing in alternative and renewable fuels, mainly in Natural Gas.

 

CEO's Walk The Talk

“..On the domestic front, we remain mindful of our responsibilities as an environmentally conscious company and worked towards our goal of becoming a total air-conditioning solutions provider. We incorporated Naco Environmental And Engineering Pte Ltd in line with our stated aim of enlarging our engineering, recycling and reconditioning operations. This will enable us to assist customers in the disposal of old and damaged components and allow us to re-condition and repair components that remain salvageable. These components are then sold to second hand dealers or exported overseas to customers from developing economies. In addition, we are also engaged in engineering development activities on technologies for the recovery, recycling and reclamation of used refrigerants, which can then be reprocessed for further commercial use or destroyed.”

Wu Chiaw Ching, Chairman Steven Chen Choon Khee, CEO Natural Cool Holdings

 

 



Highlighted Company


Neptune Orient Lines (NOL) is a global transportation company, with core businesses involved in container transportation, supply chain management and petroleum transportation services.

NOL began life in 1968 as Singapore's national shipping line, wholly owned by the Singapore Government, just as it was becoming clear that containerisation was the way of the future. NOL was young and not tied either to tradition or a large fleet of soon-to-be-outmoded ships. Flexibility and creative thinking became the Company's hallmark.

NOL is publicly listed on the Singapore Exchange. The Singapore Government maintains an interest in the Company with a 33 per cent stake held at arms length through state-owned enterprise Temasek Holdings. Around 40 per cent of the Company's shares are held outside of Singapore.

The NOL Group continues a proud tradition of taking the best talent and experience the world has to offer and forging it into an organisation that seeks at all times to meet customers' needs and exceed their expectations.






































Historical Price Data
 Date Open High Low Close
Volume  
02 Nov 2007 5.200 5.200 4.980 4.980
7,699,000
01 Nov 2007 5.300 5.600 5.250 5.300
8,901,000.
31 Oct 2007 5.300 5.300 5.000 5.100
4,630,000
30 Oct 2007
4.980
5.250
4.980
5.200
5,799,000
29 Oct 2007 4.940 5.050 4.940 4.960
3,265,000

Fundamentals
Historial EPS ($) a
  0.40037
Rolling EPS ($) e
  0.39228
NAV ($) b
  2.5202
Historical PE
  12.438
Rolling PE f
  12.695
Price / NAV b
  1.976
Dividend ($) d
  0.080000
52 Weeks High
  6.400
Par Value ($)
 n.a.
Dividend Yield (%) d
  1.606
52 Weeks Low
  1.960
Market Cap (M)
  7319.539
Issued & Paid-up Units c
  1,469,787,000
 
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 01/11/2007. 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
31 Oct 2007 NOL Group Third Quarter 2007 Net Profit Up 50%
30 Oct 2007 APL taking delivery of the world’s first ‘ocean-capable’ 53-foot containers
08 Oct 2007 APL conducts third global test of supply chain security Coast Guard, Customs, FBI and National Guard take part in day-long Oakland exercise
04 Oct 2007 The New World Alliance, Hanjin, and UASC Announce New Asia-Black Sea Service
26 Sep 2007 NOL Shipmanager Wins Top Award for Training and Development



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