19 November 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
Adroit
257,440
ChinaNTown
352,886

HSI30000MBLeCW071228

322,241
Chasen
158,151
Lian Beng
155,212
Weekly movement as at 19 November 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
Nikke225SGAePW071213

0.740

+0.395

Nikke225SGAePW71213C
0.540
+0.390

HSI29000MBLePW071228

1.020

+0.315

OCBCCap3.93%Pref10

100.400

+0.300

CBC Bk 4.5%NCPS 100O

104.300

+0.300

Weekly movement as at 19 November 2007

 
HEADLINES FOR THE WEEK
F&N: Stops search for CEO candidate in light of new strategy appraisal by Chairman Lee Hsien Yang.
Acma Ltd: Renamed China Automotive Corporation; switches business model to the manufacturing of premium automotive moulds, airvents, cupholders, engine covers, seat components and wing mirrors.
Creative Tech: Unveils new Soundblaster X-Fi Xtreme sound card.
Lippos Group: Lists Singapore's first REIT to offer Indonesia retail sector exposure.
SembCorp: Launches UK renewable energy power plant worth S$193 million.
Dayen Environmental: Secures China sewage treatment plant BOT project worth RMB 55 million.
SATS: Subsidiary Country Foods Pte Ltd sets up JV with Valeo Strategic Investments and Good View Fruits Co. Ltd in Macau.
SGXTo introduce clearing of half-day OTC Forward Freight Agreement contracts by Nov 28.

 

CSE Global: Subsidiaries clinch 6 system integration projects worth $35 million from Scotland, China, Saudi Arabia and Australia.
SNF Corp: Board of directors ousted by shareholders in EGM vote.
YHI Corp: Markets own entry level tyre for Singaporeans.
Labroy Marine: Incurs forex losses of $167 million.
Olam International: Inks JV with Wilmar International in for investment in Africa integrated palm oil, natural rubber and sugar assets.
Keppel Land: Acquires $13.6 million company which owns 26.4 hectares of Nanhui District land for Shanghai housing project development.
Xpress Holdings Ltd : Enters agreement for the $14 million sale of Kallang Way property to MacarthurCook Industrial Reit.
Brothers Holdings: Announced very positive reviews for Phase 1 of Singapore City@Shenyang.
Lion Capital Management Ltd: Picked to manage Standchart’s $500 million CDOs.
IOI Corp Bhd: Saw net earnings rise 77% at RM 451.5 million.

 

 

IR Magazine South East Asia Awards 2007

ListedCompany.com congratulates all the winning companies for IR Magazine’s South East Asia Awards 2007. We are honoured to be associated with the companies listed below. We look forward to more of our clients winning top honours in international rankings and awards.

Grand Prix For Best Overall Investor Relations-
Small or mid-cap

Qian Hu Corporation Limited

Most Progress In Investor Relations

Tat Hong Holdings Ltd

Best Corporate Governance-
Small or mid-cap

Qian Hu Corporation Limited

Best IR In The Singapore Market
By A Thai Company

Thai Beverage Public Co Ltd

Best Investor Relations Officer-
Small or mid-cap

Stephanie Loke- Cambridge Industrial Trust

 

INVESTOR RELATIONS ALERT


Advanced Holdings Wins S$24.7 Million Worth Of Contracts


Advanced Holdings Ltd announced that it has secured contracts worth about S$24.7 million with China State-owned petroleum and chemical companies and a Singapore bulk gas company. The secured contracts are to provide process equipment and engineering services to refining, ethylene and coal-gasification plants.

These new contracts are in addition to the S$79 million outstanding order books as at 30 June 2007 announced during the H120 07 Results and the major contract win of about S$8.7 million announced in July 2007. The petroleum, petrochemical and chemical markets in China are on a fast growth track. Capacity in the ethylene sector is expected to double by 2014. The ACC American Chemistry Council (ACC) forecasts that annual output growth of China’s chemical industry will average 10.4% between 2006 and 2016.

Advanced has established a niche market for itself through licensing proprietary process technologies with renowned technologies leaders and applying its extensive engineering expertise in the designing and supply of process equipments to its customers. The latest contracts secured further underline Advanced’s success in leveraging on its technical expertise and commercial strengths in the markets and industries that Advanced is focusing.

Started in 1993 to create a niche business by combining its engineering expertise in the supply of process technologies and equipment, Mainboard-listed Advanced has today established itself as an ISO9001:2000 certified specialist company which designs, licenses and supplies proprietary process equipment and process technologies to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. While Advanced’s key markets are the PRC, Middle East, Korea, Thailand and Vietnam, the Group also has a base of global customers having handled projects for customers in Singapore, Malaysia, Europe and India.

Global Voice Deploys Pan-European Ethernet Solutions For Altran


Global Voice Deploys Pan-European Ethernet Solutions For Altran Global Voice Group announced that it has concluded an agreement with French consulting company Altran. Under the terms of the agreement, Global Voice will deploy ether|nex, an Ethernet based networking solution to connect Altran’s various corporate sites across Europe. With over 17,000 employees worldwide, Altran is one of the European leaders in innovative consulting and high technology.

Altran required a highly reliable and scalable solution to connect their headquarters in Paris/France with their office in Frankfurt which is Altran’s access point that further links multiple corporate sites in Germany, Austria and Switzerland. Global Voice enabled Altran with ether|nex, Global Voice Group’s high availability Ethernet solution for the real-time sharing of applications and speedy transfer of data. ether|nex is deployed over Global Voice’s all-fiber optic network, providing Altran with a highly secure and scalable platform to ensure mission critical communications.

ether|nex is Global Voice Group’s Ethernet solution, primarily designed for companies that need to link multiple offices, locations or exchanges for the real-time sharing of applications, speedy transfer of data or the storage and replication of mission critical information. ether|nex is deployed on dedicated fiber for unrivalled security and scalability, connecting 15 of Europe’s largest cities across five countries. Organisations can connect numerous offices in different cities and even countries with minimum complexity, minimum cost and a range of speeds and capacities.

Global Voice Group owns and operates one of Europe’s highest capacity fiber networks and provides mission critical communication infrastructure and services to large corporates, carriers, and service providers. Constructed at a cost in excess of €1.3 billion, Global Voice Group’s all-fiber optic network uniquely combines ‘long-haul’ inter-city network linking Europe’s largest economies, with high density ‘last-mile’ metropolitan fiber networks in 15 of Europe’s leading cities. Global Voice Group was recently awarded the prestigious title of “Best New Entrant” by leading telecommunications publication, Capacity Magazine. The award was granted to Global Voice following their acquisition of a pan-European fiber network thus extending their unique proposition of delivering private fiber networks – an offering the judges felt is of immense value to large Corporates and carriers alike. Global Voice Group, traded as euNetworks in Europe, is headquartered in Frankfurt, publicly listed on the Singapore stock exchange (SGX: H23.SI). Global Voice Group is a member of euro-one, a unique collaboration to deliver infrastructure and next generation networking solutions connecting Eastern, Central, Western Europe and North America.

Joint Venture Agreement For Tender Of Land In China


Joint Venture Agreement For Tender Of Land In China KSH Holdings is pleased to announce that it’s wholly-owned subsidiary KSH Overseas Pte Ltd has entered into a joint venture agreement with 2 other Chinese parties to tender land for residential property development in Bao Ding City of Hebei Province.

Under the joint venture agreement, KSHO will hold a 35% equity interest in the joint venture. The other 2 Chinese parties, Beijing Jia Hua Hong Yuan Investment Co. Ltd and Tianjin Ye Tong Investment Guarantee Co Ltd will each hold a 40% and 25% equity interest in the joint venture respectively.

Under the joint venture agreement, the joint venture will be tendering for the plot of land with an area of approximately 48,175.5 square metres for residential property development. A joint venture company will be incorporated in China after the tender is successfully completed.

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:-

  1. construction in Singapore and Malaysia; and
  2. property development and property management in the PRC.
We act as main contractors in construction projects for private and public sector customers in Singapore and for private sector customers in Malaysia. Our construction businesses in Singapore and Malaysia are carried on by our wholly-owned subsidiary, KSHEC, and our wholly-owned Malaysian subsidiary, Techpath, respectively. Our clients typically include property developers, land owners and governmental bodies. Our Group has two property developments in the PRC, one being Tianxing Riverfront Square in Tianjin, which was developed by our subsidiary, Tianjin Tian Xing Real Estate, and the other being Liang Jing Ming Ju in Beijing, which was developed by our associated company, Jin Hua Tong Da. Our Group also has a property management arm that manages Tianxing Riverfront Square. Our property management business in the PRC is undertaken by our subsidiary, Tianjin Tian Xing Property Management.

Gems TV Launches Japan Broadcast


Gems TV Holdings Limited announced that it has launched its reverse auction programs on Sky Perfect Television’s channel 243 (GemsTV Japan). Approximately 3.2 million Sky Perfect TV subscribers throughout Japan will now be able to view Gems TV’s live reverse auction shopping programs 14 hours a day, 7 days a week.

For the remaining 10 hours each day, GemsTV Japan will feature informative and entertaining documentaries which have been localized for Japanese viewers and will strategically help establish GemsTV Japan as an authority on genuine gemstone jewelry. The launch comes in time for the holiday season with an extensive variety of gemstone jewelry scheduled for broadcast and sale.

Besides Japan, Gems TV’s programs are broadcast in US, UK and Germany.

Gems TV Holdings Limited (“GemsTV”) 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. GemsTV eliminates the need for multiple intermediaries by vertically integrating the traditional gemstone and jewelry supply chain. GemsTV 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 19 million subscribers 18 hours per day. In November 2006, GemsTV extended its TV shopping programs into the United States where it broadcasts live 24 hours a day to approximately 45 million subscribers. GemsTV started operations in Germany in October 2006 through a partnership with Gems TV Deutschland, a German television production company. GemsTV has an option to acquire 40% of the German entity which has a subscriber base of approximately 6 million. In addition, GemsTV 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. GemsTV owns and operates three fully integrated production facilities in Thailand. GemsTV employs more than 2,500 staff world-wide. GemsTV was incorporated with limited liability in the Cayman Islands on 23 April 2001.

Reduction Of Investment In Multi-Chem Electronics (Wuxi) Co., Ltd (Wholly-Owned Subsidiary)


Multi-Chem Limited ("the Company") wishes to announce that the Company has reduced its investment amount and registered capital in its wholly-owned subsidiary in the People's Republic of China, Multi-Chem Electronics (Wuxi) Co., Ltd ("Multi-Chem Wuxi") to US$12,500,000.00 and US$5,000,000.00 from US$25,000,000.00 and US$10,000,000.00 respectively on 24 October 2007.

The reduction in investment in Multi-Chem Wuxi is due to the diversification of investment from Multi-Chem Wuxi to Multi-Chem Electronics (Kunshan) Co., Ltd which was incorporated in May 2006.

The reduction in investment is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the current financial year.

Multi-Chem is a drilling and routing service provider and a distributor of specialty chemicals and materials to PCB manufacturers. Incorporated in 1985, Multi-Chem was listed on SESDAQ in January 2000 and upgraded to the Main Board of The Singapore Exchange in November 2000.

Already established in South East Asia, we expanded to Suzhou, China in 2002. In 2003, we expanded into Wuxi, China and commenced the provision of routing services to our customers in both China and Singapore. In 2004, we moved into laser drilling in China which complements our strengths in mechanical drilling and allows us to drill microvia of sizes not achievable by mechanical drilling. In 2006, we expanded into Kunshan, China.

We are currently the leading PCB drilling and routing provider, in terms of both capacity and technology, in Singapore, and in the Huadong area in China (Eastern China, in particular, Shanghai, Suzhou, Kunshan and Wuxi regions).

First REIT Signs MOU To Invest In Property Assets Of Nantong Rich Hospital


Bowsprit Capital Corporation Ltd as manager of First Real Estate Investment Trust announced that it has on 12 November 2007 entered into a Memorandum of Understanding (MOU) to invest in the property assets of Nantong Rich Hospital located in Nantong, Jiangsu province. The hospital currently operates 50 beds.

The investment will be made by way of subscription of redeemable convertible cumulative preference shares (RCCPS) in a special purpose vehicle to be incorporated offshore to hold the property of Nantong Rich Hospital.

The MOU provides for an exclusivity period of 4 months for the conduct of due diligence on the property and for the manager to negotiate and finalise terms and conditions for the RCCPS.

First REIT is Singapore's first healthcare real estate investment trust (REIT) that aims to invest in a diversified portfolio of income-producing real estate and/or real estate-related assets in Asia that are primarily used for healthcare and/or healthcare-related purposes. First REIT aims to deliver regular and stable distributions and achieve long-term growth in the net asset value per Unit through growth in rental yields and acquisitions.

Soilbuild Wins Award to Develop New Business Space at Tuas/Pioneer


Soilbuild Group Holdings Ltd (Soilbuild) has been awarded a 21,871 square metres (235,417 square feet) industrial site at L7 Pioneer Road / Tuas Avenue 11 by JTC Corporation (JTC) after submitting a winning tender of S$12.2 million. Based on the maximum plot ratio of 1.4, the cost for the site works out to be S$398 psm/gpr. The industrial site is on a 30-year lease and development of the site is expected to take place in 2008-2009. With this latest acquisition, Soilbuild has a total of more than 1.4 million sq ft of business space properties for development over the next two years. Soilbuild’s other business space properties that are in the pipeline include:

  1. the logistics and warehousing development at Penjuru Lane with GFA of about 410,000 square feet; and
  2. the Tuaslinc development at Tuas Crescent with GFA of about 740,000 square feet for engineering companies and supporting industries in the oil and gas, and marine clusters.

Both the Penjuru and Tuaslinc developments are expected to be completed by 2008/9.

The total development cost, including the land, is estimated at about S$43 million. This new purchase will be funded by the Group’s internal resources and bank borrowings.

Soilbuild is an integrated property developer with a development portfolio of mid to high-end residential properties and business space properties for MNCs and SMEs. 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. Led by an experienced management team that has blended strong entrepreneurial spirit, professional management and technical expertise, the Group has developed a unique business strategy aimed at enhancing value for its customers, business partners and shareholders. Through shortening its investment-to-sales cycle, the Group seeks to enhance its returns and to manage its risks prudently. By leveraging on its strengths in design and innovation, the Group is also able to maximise yields for mid-size plots of residential properties. Since 2005, the Group has also developed a portfolio of properties purpose-built for business use by MNCs and SMEs in various sectors. It has worked closely with JTC Corporation under the Developer Partnership Programme and leveraged on its expertise under “design, build and lease/sell” schemes to become a leading player in the private sector for the business space segment of the property market. The residential properties projects being developed by the Group include Leonie Parc View, Montebleu, The Centrio, Espa and One Tree Hill Residence. Completed residential properties include Cliften, Pinnacle 16, Mill Point and Mandale Heights. Complementing these developments are Eightrium @ Changi Business Park, terrace factories for the food manufacturing industry at Senoko Food Connection and terrace factories for light industries at Pioneer Lot and Kranji Linc. Since 1998, Soilbuild has won a total of five Enterprise 50 Awards and five SME 500/1000 Awards including SME with the Highest Net Profit and Most Promising SME Awards (S$50 million turnover) for 2004/5.

Incorporation Of A Wholly Owned Subsidiary


The Board of Directors of Surface Mount Technology (Holdings) Limited announced that the Company has, through its subsidiary, Market Logistics Limited, incorporated a wholly owned subsidiary known as Surface Mount Technology Japan Co., Ltd (SMTech Japan).

SMTech Japan was incorporated in Japan with a registered and paid up capital of JPY20,000,000 (approximately S$260,000) which has been financed through internal resources.

SMTech Japan will focus on the provision of EMS (electronics manufacturing services), the procurement of electronic components and the provision of other related support in Japan to the Company and its subsidiaries (the Group).

Founded in 1986 by Prof. Chan Kei Biu, Chairman & Senior Managing Director of the Group, SMT is based in Hong Kong and listed on the Singapore Stock Exchange. SMT currently owns 4 production plants in China including 2 in Dongguan Guangdong province in the Pearl River Delta, 1 in Suzhou of Jiangsu province in the Yangtze River Delta and 1 in Changchun of the North-East automobile manufacturing hub. The four plants have a total production area of about 92,000 sq. metres with 143 SMT production lines and more than 12,000 employees. Another new factory in Tianjin will be in operation in 2008. SMT offers flexible, cost effective and high quality EMS solutions for printed circuit board assembly (PCBA) and complete product assembly through state-of-the-art manufacturing technologies and production facilities. With over 20-year manufacturing experience in electronics sectors, SMT is more than a reliable EMS provider for OEMs. Aiming at top-notch manufacturing service and total customer satisfaction, we have maintained long-term business partnerships with multinational OEMs around the world.

Asia Environment Announces Of Award Notification For Bangladesh Project


Asia Environment Holdings Limited (the Company) wishes to announce that its wholly owned subsidiary, WB Engineering & Consultancy Pte Ltd (WB Engineering), has received the Notification of Award from Bangladesh Small & Cottage Industries Corporation (BSCIC) for the turnkey project tender in Bangladesh.

This project entails the supply, construction, installation, commissioning and a 2-year operation of a common effluent treatment plant in the Tannery Estate located in Dhaka. WB Engineering will undertake the project jointly with Development Constructions Limited (DCL), a reputable civil engineering firm in Bangladesh. The total contract value of this project is approximately US$38 million, of which WB Engineering’s share of the contract value is 62%. The construction period of the project is estimated to be 18 months, thereafter followed by a 2-year operation period.

Asia Environment Holdings Ltd is one of the leading integrated water and wastewater treatment solution providers in the People's Republic of China (PRC). Listed on the Singapore Exchange, 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. Since its IPO in 2003, the group has also undertaken Build-Operate-Transfer ("BOT") projects in water and wastewater treatment for municipals and townships. Strategically located in Yixing, a government-designated environmental hub in the PRC, we are fully qualified to undertake large-scale turnkey projects. The Group has been awarded a Grade 1 Certificate for Contracting of Environmental Protection Projects and a Grade A Certificate for Special Project Design from the PRC's Ministry of Construction as well as a Grade A Certificate for Project Consultancy from the National Development and Reform Commission and an Operation Certificate for Environmental Protection Facilities Qualification from the PRC's State Environmental Protection Administration. These coveted certificates and qualifications allow the Group to undertake projects of unlimited size and engineering complexity.

Swiber Clinches Maiden Contract In The Gulf Of Thailand Worth US$25 Million


Swiber Holdings Limited (Swiber or together with its subsidiaries, the Group), is moving full speed ahead in its offshore drilling operations. The integrated offshore EPCIC contractor and provider of marine support vessels today announced that it’s newly incorporated deepwater drilling unit, Swiber Offshore Drilling Pte Ltd, has secured its maiden offshore drilling contract for a series of wells in the Gulf of Thailand.

The project, which is worth approximately US$25 million, is for NuCoastal (Thailand) Limited, a wholly owned subsidiary of Coastal Energy Company. NuCoastal is the operator of Block B5/43 in the Gulf of Thailand where it is developing the Songkhla and Bua Ban oilfields. The 12-month contract, which is expected to commence in March 2008, also comes with an option for NuCoastal to extend for a further 12 months. Tapping on its extensive fleet and personnel resources, Swiber will provide comprehensive integrated services for this project.

This encompasses the offshore drilling and associated responsibilities; supplying the spread of marine vessels, including the drilling unit, Swiber Jack-Up 1 and accommodation barge; providing and operating equipment; providing trained personnel; and carrying out other auxiliary operations and services. The project will be headed by the Group’s offshore drilling expert, Glen Olivera, who has an impeccable 35-year track record in the oil and gas industry.

Established in 1996, Swiber is today an integrated offshore Engineering, Procurement, Construction, Installation and Commission (EPCIC) contractor with in-house marine support capabilities (Offshore Marine Support). Through the integration of these 2 core businesses, we are able to provide customers with one-stop solutions for all the relevant stages of their offshore oil and gas projects. We offer a full suite of offshore EPCIC services which can be customised in accordance with the requirements of our customers in the offshore oil and gas industry. Of significance, while we are focused mainly on the development stage, our services are applicable to all stages in an offshore oil and gas project, spanning exploration, development, production and post-production. Swiber also operates a fleet of marine support vessels which are chartered to customers throughout various stages in their offshore oil and gas exploration, development and production and post-production projects. Currently, we own and/or operate a fleet of 20 vessels, comprising 9 tug boats, 9 barges, 1 crane barge (Dalihao) and 1 jack up barge.

 


KS Energy Incorporates 2 New Wholly-Owned Subsidiaries


KS Energy Services Limited (KS Energy) announced that 2 new wholly-owned subsidiaries have been incorporated in Hong Kong on 7 November 2007.

The names of the 2 new wholly-owned subsidiaries are KS Discovery (HK) Limited and KS Land Rig Services (HK) Limited. KS Discovery (HK) Limited.

The principal activities are those of owning and chartering jack up rigs and provision of services for oil and gas industry. The authorised capital is HK$10,000.00 and the issued and paid up capital is HK$1.00. KS Land Rig Services (HK) Limited The principal activities are those of owning and chartering land rigs and provision of services for the oil and gas industry. The authorised capital is HK$10,000.00 and the issued and paid up capital is HK$1.00.

KS Energy Services Limited (“KS Energy”) is a leading one-stop energy services provider to the global oil & gas (“O&G”) and petrochemical industries. Formerly known as KS Tech Ltd, KS Energy was listed on SGX-SESDAQ on 6 August 1999 and subsequently upgraded to the Mainboard of the Singapore Exchange on 11 March 2002. In 2003, KS Energy embarked into the rig and capital equipment refurbishment and rental business. Supported by its abilities to procure, supply and charter upgraded capital assets under long term service agreements to top tier O&G companies including BP, Maersk and CNOOC, KS Energy was able to establish a strong reputation in the O&G industry within a relatively short period of time. Following the acquisition of Atlantic Oilfield Services Ltd in May 2007, KS Energy now has the capability to supply, as well as operate the capital equipment, including on-shore and off-shore rigs. Effectively, it has nudged itself up the value chain and transformed into a full service provider by offering value-added services directly to O&G companies. It has a combined fleet of 20 on-shore and off-shore rigs and vessels operating across an extensive geographical region encompassing South East Asia, China, the Middle East, the North Sea, Europe and the USA. In addition, KS Energy also distributes more than 60,000 O&G related products comprising more than 140 international brands. Together with two other Singapore listed companies under its umbrella - Aqua-Terra Supply Co. Limited, a leading supplier of O&G consumables; and SSH Corporation Ltd, a leading supplier of industrial products for the energy sector, KS Energy ranks among the largest distributors of O&G equipment, spare parts, consumables and industrial products in the region.

Asia Environment Acquires 49% Of Nanchang Penyao Water Supply Co.


Asia Environment Holdings Ltd (the Company) wishes to announce Nanchang Water Holdings Private Limited (Nanchang Water), a wholly owned subsidiary of the Company, has acquired 49% effective equity interest in the registered capital of Nanchang Penyao Water Supply Co., Ltd. (Nanchang Penyao), a subsidiary of Nanchang Water, established in People’s Republic of China, thereby increasing Nanchang Water’s interest in the registered capital of Nanchang Penyao to 100%. Nanchang Penyao, has became a wholly owned subsidiary of Nanchang Water, after the acquisition.

The aggregate value of the consideration for the 49% interest in Nanchang Penyao is RMB28.5 million, on a willing buyer, willing seller basis. The consideration is fully settled in cash.

The net asset value of the shares acquired based on the audited accounts of Nanchang Penyao as at 31 December 2006, is approximately RMB 53.9 million.

Asia Environment Holdings Ltd is one of the leading integrated water and wastewater treatment solution providers in the People's Republic of China (PRC). Listed on the Singapore Exchange, 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. Since its IPO in 2003, the group has also undertaken Build-Operate-Transfer ("BOT") projects in water and wastewater treatment for municipals and townships. Strategically located in Yixing, a government-designated environmental hub in the PRC, we are fully qualified to undertake large-scale turnkey projects. The Group has been awarded a Grade 1 Certificate for Contracting of Environmental Protection Projects and a Grade A Certificate for Special Project Design from the PRC's Ministry of Construction as well as a Grade A Certificate for Project Consultancy from the National Development and Reform Commission and an Operation Certificate for Environmental Protection Facilities Qualification from the PRC's State Environmental Protection Administration. These coveted certificates and qualifications allow the Group to undertake projects of unlimited size and engineering complexity.

Olam Incorporates Subsidiary


Olam International Limited (the Company) wishes to announce that the Company has incorporated a subsidiary in the Republic of The Gambia known as Multipro Gambia Limited (Olam Gambia) with an authorized capital of GMD1,000,000 divided into 10,000 shares of GMD100 each and initial paid-up capital of GMD100,000 (approximately SGD7,300) divided into 1,000 shares of GMD100 each.

The principal activities of Olam Gambia are those of sourcing, processing and supply chain management of agricultural products and food ingredients.

Olam is a leading global integrated supply chain manager of agricultural products and food ingredients, sourcing 14 products with a direct presence in 56 countries and supplying them to over 4,000 customers in more than 60 destination markets. With direct sourcing and processing in most major producing countries for its various products and a staff strength of more than 7,500 worldwide, Olam has built a global leadership position in many of its businesses, including cocoa, coffee, cashew, sesame, rice, cotton and teak wood.

Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalisation and is now a component stock in the benchmark Straits Times Index (STI). It was recently named as one of Singapore’s top 10 globalised companies by International Enterprise ("IE") Singapore in its third annual Singapore International 100 Ranking 2007.

Divestment Of Entire Stake In Integro Technologies Pte Ltd


Tat Hong Holdings Ltd (Company) is pleased to announce that the Company has entered into a Sale and Purchase Agreement (Agreement) with Aurionpro Solutions Ltd on the divestment of its entire stake in Integro Technologies Pte Ltd (Integro).

The Company will receive approximately SGD4.12million (the Consideration) for its 29.6% stake in Integro. The Consideration values Integro at 1.9 times of its unaudited Net Tangible Asset as at 30 September 2007. The valuation was arrived at on a willing-buyer, willing-seller basis.

The divestment of Integro is part of our intention to divest our non-core business. Tat Hong was set up in Singapore in the '70s as a supplier of cranes and heavy equipment. Over the years, we have grown and progressed to become one of the biggest companies in the region supplying cranes and heavy equipment to the industries. Tat Hong is currently listed on the Singapore and Australia stock exchange and employs about 700 staff. In the annual survey conducted by UK based publisher "International Cranes", we are ranked the world's 1st largest crawler cranes owner and the 9th largest crane rental company in the year 2003 and 2004. In Asia, we are ranked 1st largest in 2003 and 2004. Over the past three decades, we have expanded our operations to Malaysia, Hong Kong, Thailand, Indonesia, China, Japan, Vietnam and Australia, allowing us to bring our services closer and more effectively to our customers. Coupling this relentless attitude with our fleet of 500 strong cranes of Lifting capacities ranging from 7 to 800 tons, our men and machine combination is ever ready to work in perfect unison to give you the best lifting solution conceivable anywhere.

Soilbuild Buys 10 Margate Road Adjoining Recently Acquired Margate Mansion


Soilbuild Group Holdings Ltd (Soilbuild) has purchased 10 Margate Road, a private landed property off Meyer Road, for S$30.8 million. The 16,967 square foot freehold site adjoins 12 Margate Mansion, a 34,804 square foot freehold site purchased via a collective sale (subject to STB approval) in August 2007 for S$58 million.

If the 2 sites are amalgamated, the enlarged 51,771 square foot site which has a gross plot ratio of 2.1 will have a maximum gross floor area (GFA) of 108,719 square foot. With a maximum storey height of 24 and assuming average sizes of between 1,500 and 2,000 square foot, the site can now be redeveloped into about 50 to 70 luxurious residential units. Assuming the sites are amalgamated, the total acquisition cost, including the total land cost of S$88.8 million and an estimated total development charge of S$18.4 million, works out to be S$987 psf ppr.

This District 15 site is located in the much sought after residential enclave of Meyer Road. It is easily accessible from the East Coast Park Expressway via Fort Road and the Kallang Paya Lebar Expressway, and is just a short 5 to 10 minute drive to Suntec City and the Central Business District.

Soilbuild is an integrated property developer with a development portfolio of mid to high-end residential properties and business space properties for MNCs and SMEs. 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. Led by an experienced management team that has blended strong entrepreneurial spirit, professional management and technical expertise, the Group has developed a unique business strategy aimed at enhancing value for its customers, business partners and shareholders. Through shortening its investment-to-sales cycle, the Group seeks to enhance its returns and to manage its risks prudently. By leveraging on its strengths in design and innovation, the Group is also able to maximise yields for mid-size plots of residential properties. Since 2005, the Group has also developed a portfolio of properties purpose-built for business use by MNCs and SMEs in various sectors. It has worked closely with JTC Corporation under the Developer Partnership Programme and leveraged on its expertise under “design, build and lease/sell” schemes to become a leading player in the private sector for the business space segment of the property market. The residential properties projects being developed by the Group include Leonie Parc View, Montebleu, The Centrio, Espa and One Tree Hill Residence. Completed residential properties include Cliften, Pinnacle 16, Mill Point and Mandale Heights. Complementing these developments are Eightrium @ Changi Business Park, terrace factories for the food manufacturing industry at Senoko Food Connection and terrace factories for light industries at Pioneer Lot and Kranji Linc. Since 1998, Soilbuild has won a total of five Enterprise 50 Awards and five SME 500/1000 Awards including SME with the Highest Net Profit and Most Promising SME Awards (S$50 million turnover) for 2004/5.

Swiber Clinches LOI For US$31 Million Project In Offshore Indonesia


Swiber Holdings Limited (Swiber or together with its subsidiaries, the Group), an integrated offshore EPCIC contractor and provider of marine support vessels is strengthening its foothold in Indonesia. The Group today announced that its subsidiary, PT Swiber Berjaya, has clinched a US$31.0 million LOI for some platform installation works in the waters off the archipelago.

The project, which is targeted to commence from April 2008 till August 2008, is for a major international oil conglomerate based in Indonesia. Building strongly on its growth momentum, this latest contract follows Swiber’s recent announcement of a US$25 million offshore drilling project in the Gulf of Thailand, a business area which the Group has identified as an important growth driver going forward.

Established in 1996, Swiber is today an integrated offshore Engineering, Procurement, Construction, Installation and Commission (EPCIC) contractor with in-house marine support capabilities (Offshore Marine Support). Through the integration of these 2 core businesses, we are able to provide customers with one-stop solutions for all the relevant stages of their offshore oil and gas projects. We offer a full suite of offshore EPCIC services which can be customised in accordance with the requirements of our customers in the offshore oil and gas industry. Of significance, while we are focused mainly on the development stage, our services are applicable to all stages in an offshore oil and gas project, spanning exploration, development, production and post-production. Swiber also operates a fleet of marine support vessels which are chartered to customers throughout various stages in their offshore oil and gas exploration, development and production and post-production projects. Currently, we own and/or operate a fleet of 21 vessels, comprising 9 tug boats, 9 barges, 1 crane barge (Dalihao),1 jack up barge and pipelay barge (Swiber Conquest).

CNA, CISCO And Panduit Help Builders In PRC Enhance The Value Of Real Estate


CNA Group Ltd. (CNA), a building automation specialist, Cisco Systems Inc. (Cisco), a global leader in networking, and Panduit Corporation (Panduit), a global leader in network and electrical wiring solutions, today announced the official launch of Digital Land, Asia’s first-ever connected building “experience centre” in Qingdao, PRC. Digital Land will be an incubator for concepts and ideas that have the commercial potential for connected buildings of the future.

The complex task of converging several disparate networks onto a common infrastructure means that multiple vendors need to work together to create interoperable solutions. Digital Land’s architecture is based on the Cisco Connected Real Estate (CCRE) solutions framework. In addition, Digital Land will demonstrate how structured cabling and physical connectivity solutions from Panduit further enable building convergence by extending the reach of the IPbased network to all devices within an enterprise including physical security systems such as video surveillance, building access and fire detection.

Panduit’s expertise in wiring-up various systems and functions provides a single infrastructure platform as well as cross-network and system management capability that improves overall system performance and network reliability. As a systems integrator specialised in building control and automation, CNA used SIRIUS™, an intelligent integrated facility management solution to integrate diverse mechanical, electrical, security and climate control systems within the Digital Land facility. Developed by CNA, SIRIUS™ can consolidate systems, with different communication protocols from various manufacturers, into a unified platform that can be managed and controlled in real time.

Listed on the Singapore Exchange, CNA Group Ltd. (“CNA”) is an award-winning specialist in the provision, design, implementation and maintenance of advanced integrated control and automation systems and IT solutions that enable intelligent buildings and facilities. CNA has implemented intelligent buildings in Singapore, the PRC and the Asia Pacific region, and across industries including commercial, residential, education, semiconductor, pharmaceutical, water and waste treatment. Incorporated in 1990, CNA is headquartered in Singapore and has a direct presence in China and the Middle East, serving a list of customers in Singapore, Malaysia, Myanmar, Philippines, Thailand, India, China, Dubai and Qatar.

Sinomem Secures 4 Additional Wastewater Treatment/Recycling Concessions


Sinomem Technology Limited (Sinomem or the Group) wishes to announce that Sinomem has secured 4 new wastewater treatment/recycling concessions in China with a total treatment capacity of 125,000tonne/day (the Projects).

The Projects will be funded through internal financial resources and are not expected to have a material impact on the Group’s performance for the fiscal year ending 31 December 2007.

Founded in 1996 and listed on SGX-Mainboard in 2003, Sinomem Technology Limited ("Sinomem" or the "Group"), is a leading integrated membrane technology company. Its business covers entire membrane industry value chain, namely membrane material manufacturing, membrane process & engineering, and downstream nutraceuticals production and wastewater treatment that employs membrane-based separation and purification technologies. The group's headquarter is located in Singapore. Sinomem's membrane process & engineering business involves process development, engineering design, equipment fabrication, system integration, on-site installation and commissioning and aftersales technical support. These products and services are provided under the branding of Suntar. The Group focuses mainly on China market and currently is the dominant membrane separation and purification solutions supplier for China's pharmaceutical and fermentation industries. For certain products, such as those used for Vitamin C and Vitamin B12 manufacturing, Sinomem has achieved almost 100% of the market share. Through its 50% owned associated company based in Germany Microdyn-Nadir GmbH (M-N), the Group supplies full range of polymer membranes used for industrial processes. M-N is rooted from the R&D department of Hoechst AG who is a leading industrial polymer membrane developer and manufacturer. Its key customers include prestigious names like Volkswagen, Daimler Chrysler, BMW, Rohm-Haas and Roche. Through the recently formed joint venture with ItN Nanovation, the Group will start to produce ceramic membrane by end of 2007. The company's downstream business employs its proprietary membrane process and engineering solutions to produce nutriceutical/pharmaceutical products such as gibberellins, sorbitol etc. In addition, riding on its proprietary membrane bioreactor technology, the Group has recently expanded into wastewater treatment/recycling business.

Aztech Clinches 3 Awards For Draft And Wireless Router From Prestigious Magazines


Aztech Systems Ltd (Aztech) is pleased to announce that its latest, wireless home networking router, the Wireless 802.11n router (WL950RT4) has clinched 3 esteemed awards from the top-selling technology and gadget magazines in Singapore and Malaysia.

Hardware Magazine Singapore calls the WL950RT4 the “Streaming Specialist” and a “laudable effort by Aztech in the Draft-N MIMO (Multiple Input Multiple Output) domain, which uses multiple antennas to achieve a greater data throughput. It is an affordable N router which does well especially at close range, enhanced with a healthy array of features, such as its NAT and Virtual servers.”

Hardware Magazine Malaysia gives credit that Aztech’s latest offering is a “Snazzy White N Router if you have the need for its speed”. The editorial staff at PC Magazine gave the router a 4 out of 5 star rating, citing good performance, easy set-up and a simple interface as reasons for the award recognition. The magazine notes the web interface as “simple and very easy to use, which is great for setting up routers. Founded in 1986, Aztech is headquartered in Singapore with support offices in USA, Germany, Malaysia and Hong Kong. The Group has an electronics manufacturing and a plastic injection moulding plant located in Dong Guan (China). The Group also has 4 R&D centres namely Singapore, Hong Kong, Shenzhen and Dong Guan, China. With its excellent manufacturing facilities, Aztech is able to manufacture high quality products that meet top worldwide industry standards. With state-of-the-art manufacturing equipment, strong engineering capabilities and facilities, which are ISO9001:2000, TL9000, UL, TUV and CCIB certified, Aztech is able to roll out products that bring the best quality and value to customers. Our R&D centres have more than 20 years of design experience to design products to meet and exceed the demand of new technologies and market requirement. Together with our strong design capabilities specialising in the PC and Telecommunication industry, we have successfully designed a solid line-up of ODM products in the DSL high speed modem, Analog Modem, broadband routers and wireless products. The company's ODM clientele has over the years, drawn on Aztech's superb R&D facilities and engineering expertise to launch revolutionary products and services. Aztech offers electronics manufacturing services to our customers. With complete manufacturing services including design, material management, logistics services and customer program management, we provide customers with seamless, value added service at every stage from product transfer, component procurement, electronics PCB assembly, mechanical assembly, testing and final shipping the products. We play an important role to our customers to reduce their time to market cycle and in delivering product of the highest production standard. Aztech Group EMS services has built up capabilities to serve the manufacturing needs of the Computer and networking, Telecommunication, Consumer electronics and Health care devices market segments.

CEO’s WALK THE TALK

“..By maintaining short investment-to-sales cycles and capital efficiency, we have continued to reap the benefits of fast asset turnaround and are well-positioned to tap the opportunities in the luxury and mid-tier segments of the residential property market.”

Mr Fong Ying Wah
Chairman
Soilbuild Group Holdings Limited



Highlighted Company


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.

Led by an experienced management team that has blended strong entrepreneurial spirit, professional management and technical expertise, Soilbuild has developed a unique business strategy aimed at enhancing value for its customers, business partners and shareholders. Through shortening its investment-to-sales cycle, the Group seeks to enhance its returns and to manage its risks prudently. By leveraging on its strengths in design and innovation, the Group is able to maximise yields for mid-size plots of residential properties.

Since 2005, the Group has also developed a portfolio of properties customised for business use in various sectors by multinational corporations and SMEs. It has worked closely with JTC Corporation under the Developer Partnership Programme and leveraged on its expertise under JTC's "design, build and lease/sell" schemes to become a leading player in the private sector for the business space segment of the property market.

The residential properties projects being developed by the Group include Leonie Parc View, The Centrio, Montebleu, Espa and One Tree Hill Residence. Completed projects include Cliften, Pinnacle 16, Mill Point and Mandale Heights.

















Historical Price Data

Date

Open

High

Low

Close

Volume

16 Nov
2007

1.260

1.260

1.180

1.180

703,000

15 Nov
2007

1.270

1.290

1.270

1.270

235,000

14 Nov
2007

1.280

1.300

1.250

1.290

199,000

13 Nov
2007

1.290

1.280

1.270

1.270

33,000

12 Nov
2007

1.290

1.290

1.270

1.280

85,000

Fundamentals

Historical EPS ($) a
0.03560

Rolling EPS ($) e
0.19051

NAV ($) b
0.4564

Historical PE
33.146

Rolling PE f
6.194

Price / NAV b
2.585

Dividend ($) d
0.007500

52 Weeks High
1.840

Par Value ($)
n.a.

Dividend Yield (%) d
0.636

52 Weeks Low
0.560

Market Cap (M)
236.395

Issued & Paid-up Shares c
200,335,000

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 02/11/2007.
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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


     



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