26 November 2007      
 
WEEK'S TOP VOLUME
 Name
Volume `000 
ChinaNTown
227,163

LippoMapleT

202,669

HSI30000MBLeCW071228

184,733

Yangzijiang

159,308

DBS MBL eCW080201

123,334
Weekly movement as at 23 Novemeber 2007
WEEK'S TOP GAINER
 Name
Price  
Chg 
GLD 10US$
80.300
+2.100
HSCE16800SGAePW80130
1.050
+0.285
HSCE20000SGAePW80228
0.895
+0.265
HSI24400SGAePW080130
0.725
+0.250
HSI32000SGAePW080228
0.930
+0.230
Weekly movement as at 23 November 2007

 
HEADLINES FOR THE WEEK
Asia Dekor: Receives $253.7 million acquisition offer from Asia Timber Products
SembCorp Marine: Closes out Societe Generale forex trade losses with US$115.45 million settlement
Lippo-Mapletree Trust: Share prices slide 3.1% from issue price of 80 cents per unit
Keppel Fels: Clinches US$206 million semi-submersible accommodation vessel project
ST Engg: To buy 93.96% stake in Telematics Wireless for US$80 million
CapitaCommercial Trust: Comes up with multi-currency medium-term note programme worth $1 billion
Evergro Properties: Switches from US dollars to Singapore dollars for shares trading
SGX: Receives initial go ahead to set up representative office in Beijing
Jack Investment: Revised Iluma entertainment mall project costs upwards to $160 million from $100 million
NOR Offshore Ltd: Looks to IPO in Singapore to raise US$150 million in proceeds
Koh Brothers: Enters $19.6 million acquisition agreeement for 2 Shell kiosks

 

Creative Technology: Sells 25th million MP3 player
SGX: Takes 20% equity shareholding in Philippine Dealing System Holdings Corp for $5 million
Jasper Investments: Takes 55.44% controlling stake worth US$198.4 million in Neptune Marine
Aussino Group: Inks JV with Hardy Amies to set up shop in China
Guocoland: Launches US$58 million integrated development project-The Canary in Vietnam
Ezion Holdings: Receives Letter Of Intent for the charting of 2 of its multi-purpose  self-propelled jack-up rigs for a period of 3 years for potentially US$173.3 million from a company in the Middle East
SembMarine: Subsidiary Sembawang Shipyard clinches vessel conversion contract from Equinox Offshore Accomodation worth $300 million
The Ascott Group: Acquires one more Kuala Lumpur serviced apartment for RM 112.5 million
iGlobe Partners: Subsidiary Fortmedia looks to list Nasdaq
Del Monte Pacific: Acquires S&W brand from Del Monte Foods for a consideration of $100 million
The Straits Trading Company: Subsidiary Rendezvous Hotels International Private Ltd to launch first hotel in UAE

 

HOT Off The Press

SMB United’s Local Order Book Hits $54 Million


SMB United Limited announced that it has on hand, a local order book of approximately $54 million worth of contracts for switchgears and related services. This includes contracts worth $21 million for the supply of switchgears and dynamic UPS (uninterrupted power supply) from a wafer fab plant.

The Company expects to fulfill about 40% of these orders for switchgears by the end of this year with the balance to be completed by the first half of 2008.

The completion of these contracts will hinge greatly on the speed of capacity expansion in the Company’s local production facility. SMB has already invested in a second factory adjacent to its current one, which will double the floor area to 120,000 square feet by the fourth quarter of 2007.

SMB United Limited is listed on the Main Board of SGX-ST. Headquartered in Singapore with a strong regional presence, the Group manufactures and distributes switchgears and other monitoring products, EDMI electronic revenue meters, RudolfTM brand of controllers, instrumentation and power quality systems. In Singapore, the Group has a dominant market share in the switchgear arena.

Global Voice Deploys Host|Nex For FILOO


Global Voice Group announced that it has concluded an agreement with Filoo GmbH. Under the terms of the agreement, Global Voice will provision host¦nex, an integrated solution comprising best in class co-location and a premium Ethernet connection in Frankfurt, delivering Filoo the fastest, most scalable and redundant platform for the rollout of ISP and hosting services to their burgeoning customer base in Germany.

Filoo GmbH, one of Germany’s most dynamic Internet Services and Hosting providers, required the highest performance from a robust and scalable platform with global connectivity over which they would deliver Internet and hosting services. Global Voice enabled Filoo with highly secure co-location in their premium datacenter facility in Frankfurt and linked the facility to Filoo’s second co-location site via a redundant Ethernet connection. This solution delivered Filoo with the most secure and available platform over which to rollout their bandwidth intensive solutions to their customers in and around Frankfurt, uniquely connecting to Global Voice Group’s global IP backbone.

Global Voice Group owns and operates one of Europe’s highest capacity fiber networks and provides mission critical communication infrastructure and services to large corporations, carriers, and service providers. Constructed at a cost in excess of €1.3 billion, Global Voice Group’s all-fiber optic network uniquely combines ‘longhaul’ 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 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 and publicly listed on the Singapore stock exchange (SGX: H23.SI). Global Voice is a member of euro-one, a unique collaboration of fiber optic network providers to deliver infrastructure and next generation networking solutions connecting Eastern, Central, Western Europe and North America.

Incorporates Nauvu Investments Pte. Ltd


Olam International Limited refers to the announcement dated 15 November 2007 made by the Company in connection with the formation of a 50:50 joint venture named Nauvu Investments with Wilmar International Limited (Wilmar).

The Company wishes to announce that today, the joint venture Nauvu Investments Pte. Ltd. (Nauvu) has been incorporated in Singapore with an issued and paid-up capital of $2 comprising 2 ordinary shares and principal activity of investment holding.

Each Wilmar and Olam holds 1 Ordinary share in the capital of Nauvu.

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.

Armarda Proposes Acquisition Of Stake In Brilliant Time Limited


Armarda Group Limited announced that Armarda Holdings Limited (Purchaser), a wholly-owned subsidiary of the Company, has on 21 November 2007, entered into a sale and purchase agreement (the Agreement) with Mr. Lee Man Lung, Vincent (the Vendor) for the purchase of 550 shares of par value US$1.00 each (the Shares) in the capital of Brilliant Time Limited (BTL) from the Vendor. Pursuant to the Agreement, the Purchaser will acquire 55% of the issued and paid-up share capital of BTL (the Proposed Acquisition).

The Purchaser is currently the legal and beneficial owner of 25% of the issued and paid-up share capital of BTL. On completion of the Proposed Acquisition, the Company will beneficially hold 80% of the issued and paid-up share capital of BTL, indirectly, through its interests in the Purchaser.

The consideration for the Proposed Acquisition is a maximum aggregate amount of HK$74,800,000. The Acquisition Consideration was determined based on 6.8 times the price-earnings ratio of BTL’s guaranteed profit of HK$20,000,000 for FY2008 and has been agreed between the Purchaser and the Vendor on a willing-buyer and willing-seller basis after arm’s length negotiations.

Incorporated in 2003, Armarda Group Limited is a IT and professional services provider focused on serving the People's Republic of China ("PRC") banking and financial services industry. The Group provides an integrated suite of IT professional services that address the needs of PRC banks as they transform and enhance their systems to prepare themselves for increasing foreign competition.Under the Group's IT Consulting Services business, Armarda provides IT strategy review and formulation, IT infrastructure architecture and technology integration to banks and financial institutions. Armarda also offers niche IT Support Services which cover installation, technical and maintenance support for the banks' ATMs and other self-service terminals.

Popular Acquires Shiba Apartments


Popular Holdings Limited announced that subsidiary Popular Land Pte Ltd has purchased all the strata units in the development comprised in strata title plan no.480 known as Shiba Apartments at No. 8 Jalan Raja Udang Singapore 329189 and Singapore 329190 at a total consideration of $15.5 million.

The consideration was arrived on a willing seller willing buyer basis, taking into account various commercial factors including the redevelopment potential and location of the apartments and will be fully funded through internal funds and/or bank borrowings.

POPULAR is making fast and extensive inroads into the Greater China market, especially in China and Taiwan. We have marketing offices / subsidiaries in Beijing, Shenzhen, Guangzhou and Taipei. Our business activities cover many major cities and provinces in China. POPULAR has the network, content and the platform, to grow our business and expand into new products, markets and businesses. The synergy between our three core businesses enables us to be the Edu-Channel of East Asia: Retail and distribution, publishing and e-learning.

Agreement By ArianeCorp China Ltd With China Netcom Shizuizi For The Resale Of CNC’S Calling Cards Business


ArianeCorp Limited announced that its newly incorporated subsidiary in Suzhou China, ArianeCorp China Ltd (ACC) has entered into an agreement with China Netcom Corporation Ltd Shizuizi Branch (CNC Shizuizi), to supply prepaid IP calling cards sales services to CNC Shizuizi (the Agreement).

Under the terms of the Agreement, CNC Shizuizi has authorized ACC to provide sales and marketing services for resale of CNC’s prepaid IP calling cards to its customers in China. In addition, ACC will offer post sales customer services to customers.

This strategic alliance with CNC Shizuizi is a good start for the group in collaborating with Chinese state owned telcos to explore the emerging telecom markets in western part of China and bring to the Group an additional source of revenue.

ArianeCorp was incorporated in Singapore in December 1984 as Vikay Industrial Limited and was listed on the Singapore Exchange in September 1993.  The company was renamed ArianeCorp Limited with effect from 16 August 2004 to better reflect the company's new focus. With the acquisition of a pan-China fibre network business in July 2004, ArianeCorp's principal activity is now in telecommunications.  This business principally involves the operation of an 11,119 kilometre two-core high bandwidth fibre optic network covering 13 provinces and all principal cities in rapidly growing eastern China. The group has secured necessary telecommunications rights to operate nationwide in China through a strategic licensing agreement with CITIC Networks and is already successfully marketing its network both directly to domestic clients and indirectly via co-operative agreements to clients in the US, Europe and Japan. The group's electronics business continues to market and manufacture Liquid Crystal Displays and electronics products under the 'Vikay' brand to customers in USA, Europe, and Asia, the Group also holds investments in 2 emerging technology companies in IT and electronics.  

FSL Trust To Trade In S$ From 30 November 2007


FSL Trust Management Pte. Ltd. (FSLTM), Trustee-Manager of First Ship Lease Trust (FSL Trust), announced today that the trading currency of FSL Trust’s units will be changed from USD (United States Dollar) to SGD (Singapore Dollar). Trading in SGD will commence on Friday, 30 November 2007.

Future periodic distributions to unitholders will continue to be denominated in USD. As with past distributions, unitholders will have the option to elect and receive their distribution entitlements in either USD or SGD.

First Ship Lease Trust is a provider of leasing services on a bareboat charter basis to the international shipping industry. Following the recent acquisition of two product tankers from affiliates of Groda Shipping & Transportation Ltd., FSL Trust now has a modern, high quality and diverse portfolio of 18 vessels consisting of four containerships, nine product tankers, three chemical tankers and two dry bulk carriers. These vessels have an average age of approximately 3.9 years, and an average remaining lease period of approximately 8.6 years (excluding extension periods and early buy out options). Managed by FSL Trust Management Pte. Ltd., FSL Trust seeks to become the leading provider of leasing services on a bareboat charter basis to the international shipping industry. To achieve this, FSL Trust Management Pte. Ltd. will focus on rapidly growing the vessel portfolio of FSL Trust through accretive acquisitions with long-term bareboat charters.

Ohwa Incorporates Subsidiaries


Ouhua Energy Holdings Limited (Company) announced that the Company has incorporated two wholly-owned subsidiaries, Ouhua Energy International Limited (Ouhua Bermuda), in Bermuda and Ouhua Energy (Singapore) Pte. Ltd. (Ouhua Singapore), in Singapore.

Ouhua Bermuda has been incorporated with an issued and paid-up capital of US$1.00 comprising 1 ordinary share. The principal business activities of Ouhua Bermuda will be trading of liquefied petroleum gas and other fuels.

Ouhua Singapore has been incorporated with an issued and paid-up capital of S$100.00 comprising 100 ordinary shares. The principal business activities of Ouhua Singapore will be investment holding and trading of liquefied petroleum gas and other fuels.

In terms of quantity, Ouhua Energy is the third-largest importer, processor and wholesaler of Liquefied Petroleum Gas (LPG) in the People’s Republic of China (PRC). We import most of our raw materials, butane and propane, from suppliers overseas and process these into LPG for sale to customers within the country. Strategically based in the country’s “Ceramics Capital” of Chaozhou, Guangdong Province, where LPG is intensively utilised by the ceramics industry, it is not surprising that LPG sales within the country account for all of our revenue. Cradled in a prime waterfront location, Ouhua Energy is capable of serving diverse markets beyond a geographical radius of 300 kilometres both by land and across the sea. But above all, Ouhua Energy enjoys the rare distinction of being a licensed tier-one LPG distributor, and with it, significant market share status. Within China’s stringently regulated LPG industry, few have what it takes to emulate Ouhua’s credentials in conducting import and wholesale distribution activities that match up to government expectations.

 


Swiber Incorporates Subsidiary Kreuz Offshore Marine Pte Ltd


Swiber Holdings Ltd announced that Kreuz International Pte. Ltd., a wholly-owned subsidiary of the Company, has incorporated a new wholly-owned subsidiary known as Kreuz Offshore Marine Pte. Ltd. (Subsidiary) in Singapore with the initial issued share capital of USD100.

The principle activity of the Subsidiary is to engage in offshore marine support business.

The investment in the Subsidiary 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 and its Group for the current financial year ending 31 December 2007.

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.

FerroChina To Acquire 2 Steel Processors


FerroChina Limited announced the signing of 2 MOUs with partners in Richsun, Guangdong, the PRC and Zhong Yue, Vietnam. These 2 investments are expected to add an aggregate of 200,000 metric tonnes (mt) and 418,000 mt to the annual steel production capacity of the Group for the financial years ending 31 December 2008 (FY2008) and 31 December 2009 (FY2009) respectively. In addition, the Group has received the in-principle agreement from the People’s Committee of Ba Ria Vung Tau Province (Vung Tau), the Socialist Republic of Vietnam, for the study, survey and submission of a proposal to the relevant authorities in Vietnam in respect of the construction of a steel industrial complex on 800 hectares of land.

FerroChina’s acquisition target, Richsun Steel (H.K.) Limited, has a wholly owned subsidiary in Dongguan, namely Dongguan Richsun Plate Ltd (“Dongguan Richsun”), which is engaged in manufacturing and sale of thin gauge galvanized coil, galvalume coil and pre-painted coil. This acquisition will expand FerroChina’s capacity and allow the Group to establish its foothold quickly in Southern China. Dongguan houses one of the largest clusters of electronic components manufacturers and Richsun has strong market presence in the region with good technical expertise. Its current galvanizing capacity stands at 180,000 mt per annum and the Group intends to increase it to 500,000 mt eventually.

Separately, FerroChina will make its first foray into overseas market with a proposed investment of US$3.5 million for 70% stake in Zhongyue Steel Ltd. (Zhongyue) in Vietnam. Zhongyue is engaged in the manufacturing and sale of thick gauge galvanised steel coils, galvalume coils and pre-painted coils, cutting and slitting services and selling of steel structure products. The remaining 30% stake in Zhongyue will be held by Tianyue Steel Ltd. Zhongyue Steel is engaged in the manufacturing and sale of thick gauge galvanised steel coil, galvalume coil and pre-painted coil, cutting and slitting services and selling of steel structure products. The Group’ joint venture partners, Vietnam Global Investment Corp. and Tianyue Steel Ltd., will inject US$3.5 million in cash and US$1.5 million worth of real assets respectively. Tianyue will inject its existing coil centre business and assets valued at US$ 1.5 million.

FerroChina, a PRC-based company listed on the Main board of SGX-ST on 19 May 2005, is a leading manufacturer of galvanized steel coils in Asia. Today, under the leadership of an international management team, FerroChina is one of the largest independent flat steel value-added processors in China, with an annual group processing capacity of 900,000 metric tonnes (“mt”) Located in Dongbang Industrial Park, Changshu, PRC, FerroChina was awarded the ISO 9001 certification by the British Standard Institution, for its quality management system. Its customers are mainly steel trading companies, steel structure engineering companies and steel processing companies in the PRC. Built on the strength of its international management team which has over 20 years of experience in the steel industry, FerroChina’s extensive sales and distribution network cover all major business centres. The Group has successfully diversified its dependence on the China market by exporting nearly 20% of their products to more than 40 countries globally. During the past two years, the Group’s focus has been on capacity growth through expansion plans and mergers and acquisitions.

Sunvic Receives Expanded Orders From Existing Customers


SunVic Chemical Holdings Limited announced that our subsidiary, Jiangsu Jurong Chemical Co., Ltd (the JJC) (Group), has secured orders for PMIDA (N-Phosphonomenthyliminodiacetic acid) from our existing customers from the USA, Brazil and Argentina for 2008.

Under the terms of the agreements, JJC will be supplying PMIDA to our 3 existing customers in USA, Brazil and Argentina respectively with an aggregate of up to 25,200 tonnes throughout 2008, and this amount will constitute approximately 84% of our Group’s expected annual production capacity for PMIDA in 2008. The pricing of PMIDA under these agreements are negotiated and determined every 2 to 3 months, and this will allow us the flexibility to adjust our prices having regard to the demands for the product as well as to take into consideration material costs and foreign exchange. This is especially important when the demand of PMIDA is increasing. Based on current PMIDA price of approximately US$3,900 per ton, we expect these agreements to contribute significantly to our revenue as well as profit for 2008.

Our Group was first founded in 2003 to undertake the manufacture and sale of PMIDA, an intermediate chemical product used mainly in the production of glyphosate (a type of herbicide), which is particularly effective in the plantation of transgenic corn and soya bean. The contributions from PMIDA division to our revenue and profitability used to be insignificant in 2006. However, due to the growing demands and surging selling prices of PMIDA, coupled with our plan to expand our production capacity for PMIDA from current capacity of 20,000 tonnes per annum to 30,000 tonnes per annum, we expect contributions from our PMIDA division to our revenue and profit to be significant going forward. At the same time, the production of our current core products (acrylic acid and acrylate esters) will not be affected by such expansion of our PMIDA business operations.

KSH Acquires Freehold Site At Mergui Road


KSH Holdings Limited subsidiary Mergui Development Pte Ltd has successfully acquired the prime freehold site at Mergui Road for a total consideration of $120 million.

The site has a land area of about 74,355 square feet, with a plot ratio of 2.8, which would permit a total gross floor area of approximately 208,196 square feet. This prime site has the potential for redevelopment into a high-rise residential block comprising about 142 units of luxury apartments averaging 1,250 square feet each.

The acquisition and purchase will be financed through internally generated funds and bank borrowings.

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.

Canadian Asset Manager Buys Stake In Micromechanics


Micro-Mechanics (Holdings) Ltd. (Micro-Mechanics or the Group) announced that Canadian-based Mawer Investment Management Ltd {Mawer} has purchased one million shares in Micro-Mechanics at approximately S$0.711 per share.

Mawer is an independent asset manager based in Calgary, Canada. The firm manages approximately US$5 billion for institutional and private clients, and has investments around the world.

The shares were acquired from Sarcadia LLC, a company registered in the United States, and the family investment company of Mr Chris Borch, the Chairman and Chief Executive Officer of Micro-Mechanics. Following the transaction, Sarcadia LLC owns 40.3 million shares.

Established in 1983, Micro-Mechanics designs and manufactures a wide range of precision tools, parts and consumable products that are used to assemble and test semiconductors. The Group also has a Custom Machining and Assembly division that offers precision manufacturing services to high technology industries. Micro-Mechanics serves more than 300 customers worldwide through five manufacturing facilities located in Singapore, Malaysia, China (Suzhou), Thailand and the Philippines, sales offices in Switzerland, Taiwan, China, Indonesia and the USA, and a distributor in Japan. 

ArianeCorp China Limited Secures Shanghai HL95 As Customer


ArianeCorp Limited (Company) is pleased to announce that its newly incorporated subsidiary in Suzhou China, ArianeCorp China Limited (ACC) has been appointed by Shanghai Honglian 95 Information Technology Limited (Shanghai HL95) to supply VoIP carrier services to Shanghai HL95.

Under the terms of the Agreement, ACC will provide VoIP carrier services within Mainland China. ACC’s appointment for providing services to other international destinations is expected to follow.

The agreement combines the companies' strengths in two of the fastest growing segments of global telecommunications: China market and VoIP. Furthermore this combination results in mutual commercial benefits by bringing together Shanghai HL95’s extensive China customer base with ACC’s abundant carrier connections.

ArianeCorp was incorporated in Singapore in December 1984 as Vikay Industrial Limited and was listed on the Singapore Exchange in September 1993.  The company was renamed ArianeCorp Limited with effect from 16 August 2004 to better reflect the company's new focus. With the acquisition of a pan-China fibre network business in July 2004, ArianeCorp's principal activity is now in telecommunications.  This business principally involves the operation of an 11,119 kilometre two-core high bandwidth fibre optic network covering 13 provinces and all principal cities in rapidly growing eastern China. The group has secured necessary telecommunications rights to operate nationwide in China through a strategic licensing agreement with CITIC Networks and is already successfully marketing its network both directly to domestic clients and indirectly via co-operative agreements to clients in the US, Europe and Japan. The group's electronics business continues to market and manufacture Liquid Crystal Displays and electronics products under the 'Vikay' brand to customers in USA, Europe, and Asia, the Group also holds investments in 2 emerging technology companies in IT and electronics.  

 

CEO's Walk The Talk

“..We aim to start by laying out capital expenditure on our optic fibre network in China to comprehensively light up the network. We will also begin investing in CarrierNet to broaden CarrierNet's business by increasing its range of retail products and wholesale offerings. We will be extending its number of Points of Presence in Africa and Europe and increasing its organic traffic by capitalising on its global VoIP network and sophisticated back office systems. Each Point of Presence will provide a source of revenue.”

Mr Lew Syn Pau, Chairman
ArianeCorp Limited

Mr Kea Kah Kim, Executive Director and Chief Executive Officer ArianeCorp Limited

 

 

 



Highlighted Company


ArianeCorp was incorporated in Singapore in December 1984 as Vikay Industrial Limited and was listed on the Singapore Exchange in September 1993.  The company was renamed ArianeCorp Limited with effect from 16 August 2004 to better reflect the company's new focus.

With the acquisition of a pan-China fibre network business in July 2004, ArianeCorp's principal activity is now in telecommunications.  This business principally involves the operation of an 11,119km two-core high bandwidth fibre optic network covering 13 provinces and all principal cities in rapidly growing eastern China. The group has secured necessary telecommunications rights to operate nationwide in China through a strategic licensing agreement with CITIC Networks and is already successfully marketing its network both directly to domestic clients and indirectly via co-operative agreements to clients in the US, Europe and Japan.

The group's electronics business continues to market and manufacture Liquid Crystal Displays and electronics products under the 'Vikay' brand to customers in USA, Europe, and Asia, the Group also holds investments in 2 emerging technology companies in IT and electronics.

Fibre Optics Network Business

In July 2004, the Group completed its acquisition of the fibre optics network business of Guangzhou Ariane Telecom Technology Co., Ltd (GAT). With this, ArianeCorp now holds a 100% interest in GAT, which owns an 11,119kilometre two-core fibre optics network connecting major cities across 13 provinces in eastern China including the fastest growing cities such as Beijing, Shanghai, Guangzhou and Shenzhen.

The acquisition marks ArianeCorp's debut in fibre optics network operation. ArianeCorp is able to offer dedicated, high capacity optical networks to telecommunications service providers and business users. We will focus on supplying high capacity data networks on a wholesale basis to high-end customers. In short, ArianeCorp – through GAT – will play the role commonly called a "carrier to the carriers".

To promote the business, ArianeCorp is leveraging on the strengths of its key partners including the Chinese CITIC Networks, the Guangzhou Military Telecom Support Unit, American United Fibernet Limited and Japanese Universal Data Telecoms and Mobile Pro Co., Ltd. Through these partners, ArianeCorp is able to penetrate and operate in the Chinese market and leapfrog its competition by securing both Chinese and international customers through joint marketing and joint operations.

This acquisition of fibre network business will allow the Group to capitalise on exciting opportunities developing in China's burgeoning telecommunications data transport market.

The telecommunications industry in China is showing double-digit growth across the board. We believe the high growth in broadband data communications throughout China will, in particular, drive the demand for fibre optics networks in China, as the networks provide the information highways for high-speed telecommunications.

Additionally, the prospect for direct foreign participation in the telecommunications sector is increasingly upbeat, as the sector progressively opens up to direct foreign interests in line with China's World Trade Organisation obligations.

GAT's provision of fibre network services will get underway once the required telecommunications equipment has been procured and installed to activate the relevant segments of optical fibres. Even as the Group is proceeding with activation work, it has escalated marketing efforts to secure revenue contracts for the services.

Electronics Business

For the past 20 years, the Group has been principally engaged in the design, manufacture and supply of liquid crystal displays (LCDs), electronic modules for LCDs (Modules) and other related electronics components and manufacturing services. Based in Singapore, the Group has production centres in Johore, Malaysia, and a marketing presence in the USA and Europe.

Our LCDs are used in high-end applications for both the consumer and industrial sectors, while our Super Compact Modules are found in communications, automation, medical and aviation equipment.

To meet the greater needs of our valued customers, we also offer a broad range of electronic products and value-added services. Our electronic products are carried under the brand ‘Vikay', an established name that enjoys recognition among our American and European consumers. Additionally by working in partnership with a network of components suppliers, we are able to supply an extensive range of high quality LCD, modules and related electronic products.

Our in-depth understanding of our customers also sees us offering value-added services such as Component Sourcing (distribution), IPO (Kitting) programme, PCB turnkey assembly and other procurement services. Finally, leveraging on our network of suppliers in Asia, we are able to act as a one-stop centre for our valued customers throughout the USA and Europe, allowing them to enjoy lower component costs alongside our strict quality control.






































Historical Price Data
 Date Open High Low Close
Volume  
23 Nov 2007 0.070 0.075 0.070 0.070
5,924,000
22 Nov 2007 0.070 0.075 0.070 0.070
9,533,000
21 Nov 2007 0.075 0.075 0.070 0.075
2,739,000
20 Nov 2007
0.080
0.080
0.075
0.075
6,466,000
19 Nov 2007 0.080 0.085 0.080 0.080
12,773,000

Fundamentals
Historial EPS ($) a
  -0.00379
Rolling EPS ($) e
  -0.00303
NAV ($) b
  0.0660
Historical PE
  -
Rolling PE f
  -
Price / NAV b
  1.061
Dividend ($) d
  -
52 Weeks High
  0.135
Par Value ($)
 n.a.
Dividend Yield (%) d
  -
52 Weeks Low
  0.065
Market Cap (M)
  52.026
Issued & Paid-up Units c
  743,230,000
 
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 15/08/2007. 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
21 Nov 2007 ArianeCorp China Limited Secures Shanghai HL95 As Customer
21 Nov 2007 Agreement By ArianeCorp China Ltd With China Netcom Shizuizi For The Resale Of CNC's Calling Cards Business
13 Nov 2007 Placement Facility Of Up To S$10 Million In Ordinary Shares Of S$0.05 Each In The Capital Of ArianeCorp Limited (The "Placement Facility")
26 Oct 2007 Use Of Proceeds From The Equity Line Of Credit With YA Global Investments, L.P. (f. k. a. Cornell Capital Partners, L.P.) (The "Equity Line Of Credit")
22 Oct 2007 Placement Facility Of Up To S$10 Million In Ordinary Shares Of S$0.05 Each In The Capital Of ArianeCorp Limited (The "Placement Facility")



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